Can today’s teens still achieve financial freedom in a world of soaring inflation, student debt, and housing costs? In this episode, Dr. Meg Meeker sits down with Rachel Rodgers, entrepreneur and author of Future Millionaires, to uncover actionable strategies for helping young people become financially independent.
From building marketable skills to encouraging entrepreneurship and resilience, Rachel shares powerful tools that empower teens to take control of their financial futures.
In this episode, we discuss:
- Why the traditional American Dream is harder to reach—and what to do about it
- How to help your child recognize their natural skills and turn them into income
- The “Million Dollar Decisions” formula and why it matters
- Why teaching kids to embrace failure can lead to lasting success
- Smart, age-appropriate ways to introduce kids to investing and money management
🎉 Join the Parenting Great Kids Community, where you'll find support from like-minded parents who are committed to raising emotionally healthy, spiritually strong, and digitally safe kids.
About Rachel Rodgers
Rachel Rodgers is a business coach, lawyer, and bestselling author of We Should All Be Millionaires. Her latest book, Future Millionaires, offers a blueprint for teaching teens how to build wealth, develop decision-making skills, and create lasting independence. She’s the founder of Hello Seven, a company that helps women and people of color grow their businesses and transform their financial futures.
Our Sponsors:
- Hungryroot – 40% off plus a free item in every box with code DRMEG
- Fam Gabs – Spark real conversations with your kids. Use code DRMEGPOD for 10% off
- K12-powered schools – Tuition-free, accredited online public education for K–12
- Thrive Causemetics – Clean, vegan beauty that gives back. Get 10% off your first order
Episode Breakdown:
00:00 Introduction: Financial Challenges for Young Adults
00:56 The American Dream and Its Challenges
01:37 Strategies for Financial Independence
03:52 The Importance of Marketable Skills
05:35 Encouraging Entrepreneurship in Teens
10:21 Parental Guidance and Support
14:36 Teaching Kids About Money
18:21 Motivating Kids with Incentives
19:28 Million Dollar Decisions Formula
21:10 Teaching Kids Decision-Making Skills
24:02 Encouraging Kids to Embrace Failure
29:08 Financial Education for Kids
35:11 Conclusion and Resources
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!