Teaching Financial Literacy to Kids
Parents need to take responsibility and be proactive in teaching their kids about money and money mindsets.
Take away: Kids need to learn money skills and you can start teaching at a very early age.
Action step: Flex your entrepreneurial muscle and look for pain points and what are the solutions?
Money Learnings: Rob grew up in both the United States and Ireland. He learned that America was the place of opportunity. They taught him how to earn money for the items he wanted.
Bio: Rob Phelan, is a high school personal finance and math teacher in Maryland. He has a passion for helping to create a more financially literate society, to help break the cycle of high levels of debt and stress that come with uneducated decision making with regards to money. Rob has co-created the ChooseFI K-12 Financial Literacy and Financial Independence Curriculum, which you can find at
www.choosefi.com/k12, and this is free for educators to use in their own classrooms. Rob is also the author of The Simple StartUp: A Beginner’s Guide To Starting A Business (
www.thesimplestartup.com) and he enjoys mentoring young entrepreneurs as they start and grow their own businesses.
Rob and his family are on the path to Financial Independence, which they pursue through the principles of: earn more, spend less, invest the difference, and enjoy the journey.
Highlights from this episode:
- Cultural differences between the USA and Ireland.
- The optional year of school in Ireland that explores self-development.
- The power of negotiating.
- How Rob earned his masters degree for a very low cost.
- Rob’s entre into teaching financial education to school students.
- All the side hustles Rob has.
- The value of learning sales skills.
- The entrepreneurial path.
- The free ChooseFI curriculum for schools.
- The college cost conversation you need to have.
Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!
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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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