How to Teach Young Kids About Money (And Why They’re Never too Young) – with Liz Frazier

Almost half of the US would not be able to cover a $400 emergency.

Around 40% have credit card debt. And 1/3 of Americans have saved $0 for retirement.

If we want our kids to survive these financial trip hazards and truly thrive, we need to start their financial education early. Our guest today, Liz Frazier, is a leader in the financial literacy movement and she’s helping parents teach their young children about money as soon as possible.

Liz is a fee-only certified financial planner and the author of Beyond Piggy Banks and Lemonade Stands, How to Teach Young Kids About Finance. She is a regular contributor for Forbes and has been featured in national media such as The Wall Street Journal, PBS, CNBC, ABC and Fox Radio. Liz lives in New York with her husband and two young kids.

We’ll be discussing how to get started with educating your kids about money, how to help children determine needs versus wants and how to encourage them to be grateful and appreciate what they have.

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Why I’m a Family Man with a Business (And Not a Businessman with a Family) – with Jon Vroman

A lot of us are hard-charging employees, side hustlers, or business owners who are looking to grow, get that promotion, or just make more money. But we can’t forget the most important people in our lives: our spouses and our children.

Today, we’re going to talk about how we can practice putting family first and how it’ll help us be even more successful in our financial lives.

Jon Vroman is my guest today. He’s married to his wife Tatyana and he’s a father to two energetic and playful boys, Tiger and Ocean, and they live in Austin, Texas.

Jon is a bestselling author and the founder of a global network of men at Front Row Dads. They believe in being family men with businesses, not businessmen with families.

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How Having a Baby Changed My Financial Goals

Hello all! Andy Hill here …  We have a new guest post from Logan Allec from Money Done Right. Logan is a CPA, real estate investor, and full-time personal finance blogger. His article below shares how his life changed when he became a father. I can definitely relate! I hope you enjoy!

There’s no question that having a baby changed my life. I just wasn’t quite prepared for the impact it would have on my finances. 

I was definitely prepared for all the expenses of having a newborn. However, I also found myself adjusting my long-term financial goals in a way I hadn’t expected.

If you’re a new parent — or are about to become one — you might find yourself thinking about new financial goals that probably weren’t on your mind before. You might also realize you have a different mindset when it comes to money. 

Everyone’s experience is different, but here’s how the birth of my son changed my own financial goals.

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Why You Need a Trust to Protect Your Family – with Cody Barbo and Patrick Hicks

As a parent, I’ve always heard that it’s important to have your estate in order. You know … your trust and your will. But since I’ve never felt like I own an “estate”, I haven’t quite gotten everything in order per se.

I invited Cody Barbo and Patrick Hicks from Trust & Will to talk to us about the importance of a trust when it comes to protecting our family wealth and legacy. We also discuss the differences between a will and a trust.

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How I Helped My Daughter Secure Her Financial Independence with a Roth IRA – with Doug Nordman

Setting up a Roth IRA for your child can be an excellent way to support their future financial freedom. By demonstrating the importance the investing to your kids at a young age, you’re helping them to develop financial skills that will last a lifetime.

Today, we’re interviewing a father who’s actually put the Roth IRA to use for his daughter. Doug Nordman is the author of The Military Guide to Financial Independence and Retirement and the founder of the website The Military Guide. After serving 20 years of active duty in the US Navy, Doug retired in 2002, at the age of 41. Doug’s financial expertise has been featured in major national publications like MarketWatch, Business Insider, and CBS News.

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How a Roth IRA Can Make Your Kid a Millionaire – with Logan Allec

Compound interest is amazing. When our money starts making money over and over again, that’s when our retirement portfolios can grow rapidly. A funded Roth IRA will have a 6-figure sum in what seems like no time at all.

But what if we could harness that same power for our kids and turn them into future millionaires?

Today, I’ve invited Logan Allec to talk about how we can do this with a Roth IRA for kids. Logan is a CPA, real estate investor, and a full-time personal finance blogger.

And after spending nearly 10 years helping big businesses save money in his role as a tax advisor, he launched his site Money Done Right to help everybody make more money, save more money, and grow more money.

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Why Parents Shouldn’t Tie Allowance to Chores – with John Lanza

It’s important to concentrate on our own financial situations, but as parents, we can’t forget to teach our kids the principles of financial literacy as well. These lessons can be taught by instituting an allowance program or chore and reward system.

John Lanza, the author of The Art of Allowance, joins us on the show to talk about how we can develop a system like this. The earlier parents start, the better off their kids will be.

As we start to make progress here, John has a key piece of advice for the parents out there: Don’t pair allowance with chores.

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Why Playing Games With Your Kids Will Save Them From Living Paycheck to Paycheck – with Paul Vasey

I’m all about giving my kids the very best in life. That all starts with equipping them with the ability to provide for themselves in the future. Basic financial literacy is a great place to start.

Given that 78% of Americans live paycheck to paycheck, according to CNBC, it is incumbent on us as parents to start the financial education process early so our kids will have better lives than we do.

There’s no one better to talk about these elementary (and crucial) math skills than Paul Vasey. Paul is the founder of Cash Crunch Games. This is a series of games for kids that teach money habits that will help them not live paycheck to paycheck and truly win in life.

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