#38: How do you raise kids to be good with money? Teaching kids about money at a young age is so important. Carol Pittner co-authored the new book “Raising Your Money-Savvy Family For Next Generation Financial Independence” with her father Doug Nordman. In the book, they share how to educate your child about money from both the parent and the child’s perspective. In this interview, Carol shares what her early-retiree parents taught her to put her on the path to reaching LeanFIRE at the age of 27. We discuss how old she was when her parents taught different financial concepts, the money mistakes she made as a kid (instead of as an adult), and how her parents created different opportunities for her to gain the money confidence that she brought into adulthood.
In this episode, we discuss:
- The #1 thing parents can do to teach their kids about money
- How to leverage allowances as learning tools
- What age to start teaching your kids about money
- Allowing kids to learn from their money mistakes
- How to teach about compound interest
If you want to learn more about teaching kids about money, take a listen to this episode. If you enjoy it, please subscribe and share with a friend. Also, leave us a rating and review on Apple Podcasts, I’d really appreciate it.
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For more information, visit the show notes at https://www.twentyfree.co/episode38/
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