Teaching your kids about money and financial independence
#80: Teaching kids about money isn’t easy, but it’s crucial if you want to boot them off your payroll after they graduate from school.
But while financial literacy is good, helping your kids build the mindset and momentum to achieve financial independence is even better.
It requires that they internalize (and value) aggressive saving, investing, and compounding…not just living within their means.
That’s why I was so excited to chat this week with Doug Nordman and Carol Pittner, father and daughter co-authors of a new book on how to teach next-generation financial independence.
We discuss:
Check it out here:
https://hackyourwealth.com/teaching-kids-about-money-financial-independence
What strategies do you use to teach your kids about saving, investing, and compounding? How are you helping them learn about financial independence, if at all? Let me know by leaving a comment.
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Links mentioned in this episode:
Intro/Outro: Old Bossa by Twin Musicom.
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