Intentionally Raising Financially Savvy Kids
In this episode I chat with my daughter about how we intentionally raised her and some of the unique experiences she has encountered over the past few years of high school. We chat about how she learned to be a financially savvy kid.
Take away: Be intentional with your goals for your children.
Action step: Listen to your kids.
Money Learnings: School did not teach her much buy we as parents where very intentional about money learnings. We provided an allowance to allow her the ability to use it.
Highlights from this episode:
- The allowance system and how it taught her how to use money, spend less and save more. Blog post: How to get your kids out of your wallet
- Why she decided to home school for the last 2 years of high school.
- The different conferences Geeta was able to attend and what she learned.
- Roth IRA’s for kids and the power of compound interest. Blog post: I gave my kids $200,000 for Christmas
- The college choice conundrum.
- The RBT meetup and learning from others about their life stories. Learning to try and fail. https://www.iwillteachyoutoberich.com/
- Emailing Seth Godin, and what happened next. http://sethgodin.strikingly.com/
- How Geeta connected with Penelope Trunk and the blog post she wrote:http://education.penelopetrunk.com/2016/02/01/how-to-hack-the-new-sat/#more-6648
- Tony Robbins and how you are more capable than you can imagine. https://www.anthonyrobbinsfoundation.org/programs/youth-leadership/
- What she learned from joining a Young Professionals Group.
- Girl Scouts Gold Award Project – video https://www.youtube.com/watch?v=9z1SB0BhsNw
- Pennsylvania Free Enterprise Week (PFEW) https://www.pfew.org/
- FIRST Robotics: https://www.firstinspires.org/
- How to talk to teenagers.
- Podcast on how to pay for college when you don’t qualify for financial aid: https://financialmentor.com/podcast/how-to-pay-for-college/21152
Thanks for listening!
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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
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This is wonderful on so many levels – a beautiful relationship with your daughter and giving her critical guidance with her future personal finances – you rock Rocky!
Thank you Brent! Thankful to be able to have the time and resources to spend time with her.
This was one of my favorite episodes. I’ve raised two young adults (22 and 17) as a single mom for years and tried to instill the importance of hard work, financial awareness, and good choices. I finally feel like they’re getting it. Sure there are things I wish I had done differently but I feel like all my experiences are lessons learned for decisions I will make in the future.
You’ve raised an articulate, confident daughter who has a very bright future in front of her.
Thank you so much for your kind words. Congrats on raising two young adults, and yes the struggles are where you learn!
Terrific episode! I hope your daughter recognizes how impressive her accomplishments so far have been. She surely has a bright future ahead, no matter what path she chooses.
Thanks Mike. She does, and she has continued on in the years since we recorded that episode. Maybe it’s time for an update!