MoneyDad Podcast

#012.  Today’s guest is Erwin Szeto.  Erwin and I talk about early childhood lessons about money his dad taught him, how his personal investment in real estate got started and why he decided to concentrate his efforts on helping investors building their portfolios.  We get into how he gets his kids involved as a real estate investor and what motivated him to use real estate as a way to fund his children’s future post-secondary education needs.  We talk about how he gets his kids involved in the charity that he started with his wife Cherry Chan, called the Hamilton Basket Brigade and how helping out with the charity teach his kids about the importance of giving.  We get into what Erwin’s superpower is and how he uses it to help those in need.  We dive into his motivation to starting the Stock Hacker Academy that teaches everyday people to build wealth through trading stock options and something that young adults or even your teenagers can get started with.  And lastly, we talk about his upcoming Wealth Hacker Conference in Toronto that he and his wife are holding on November 12 of this year to share strategies on building and protecting wealth and income and best practices around achieving financial freedom.  

Show notes and more at:

https://moneydadpodcast.com/session012

#011.  Today’s guest is Dan Sheeks.  We chat about why financial literacy and personal finance is not a focus in the public school system.  We talk about what financial independence looks like and how your teenager can achieve early financial independence as a viable option to the typical working 9-5, until 65 grind.  We learn about the strategies that Dan uses as a teacher to help teens learn about personal finance and the benefits of parents working through these concepts alongside their teenager.  We get into the 4 main mechanisms to achieve early FI and specific strategies and tactics teens can employ under each of those mechanisms.  Dan is also a seasoned real estate investor, and we talk into real estate, and how kids as young as 19 years old can get into real estate and use this to their advantage to achieving early financial independence. 

Show notes and more at:

https://moneydadpodcast.com/session011

#010.  Today’s guest is Anne-Lyse Wealth.  We chat about how reaching Coast FIRE allowed her to take more risks and inspired her to become a financial literacy educator.  We discuss the concept of generational wealth - what it is, why it is much more than monetary assets.  We chat about why financial education is so critical to ensuring monetary wealth is not lost by future generations, and examples of how parents should be teaching their kids.  We talk about ways parents can build generational wealth and steps on how to pass it along including having an estate plan.  We also talk about the benefits of passing down assets to your children while you are still alive and what age might be the best time to do so.

Show notes and more at:

https://moneydadpodcast.com/session010

#009.  Today’s guest is Eileen Joy.  We chat about how she went from rock bottom, bankrupt and broke to now totally debt free and on track to retire early.  We discuss the weekly money conversations she has with her son and how she uses an allowance as a financial learning tool to teach him about spending, giving, saving and earning,  We talk about the investment account she has opened up for her son, and we get into the common limiting money beliefs she sees from clients in her money coaching business. 

Show notes and more at:

https://moneydadpodcast.com/session009

#008.  Today’s guest is Khanh Vuong.  We chat about his journey into becoming a teacher.  We discuss how he created his Brainbucks currency and token economy system to teach financial literacy in the classroom.  We talk about the lessons his students learn, the benefits of using Brainbucks, how it provides an opportunity to make mistakes in a low-risk classroom environment, and how it creates an opportunity for teachable moments.

Show notes and more at:

https://moneydadpodcast.com/session008

#007.  Today’s guest is Will Rainey. We discuss the key themes and analogies that he uses in both his published Grandpa’s Fortune Fables book as well as his blog, and how these stories and analogies can be shared with kids to make it engaging, fun and memorable to learn about money concepts and lessons. We talk about the 3 rules of wealth, dive into the rich vs. wealthy mindset, how the home you live in is not an asset, the lessons around investing and how to use the analogies to teach kids about risk and diversification.

#006.  Today’s guest is Pam Liyanage. Pam talks about the work she did facilitating in-class workshops on topics around financial literacy.  We get into common financial problems young adults experience, and talk about how parents can address these issues in a proactive manner.  We discuss the number one thing that kids should know about.  We dive into the role of gamification in ensuring financial literacy skills and habits are taught and learned.

Show notes and more at:

https://moneydadpodcast.com/session006

#005.  Today’s guest is Mai Lee. Mai and I talk about money lessons she has passed on to her kids, especially as it pertains to investing in real estate.  We talk about how she first became an accidental landlord and how she got involved with real estate on her own as well as with joint venture partners.  We talk about how she first started using allowances to teach her kids about money, but evolved to use creative methods to talk about money concepts like compound interest and explain how buying a rental investment property worked to her kids.  We get into how she used the GISS method to teach her kids about responsible financial management and we dive into how she gets her kids involved in their vacation rental home to show them creative ways to create wealth in real estate.   

Show notes and more at:

https://moneydadpodcast.com/session005

#004.  Today’s guest is Rob Phelan.  Rob and I talk about exposing preteens and teens to entrepreneurship to help develop invaluable life skills and lessons, regardless of whether they want to become an entrepreneur in the future.  We talk about how Rob co-developed the ChooseFI Foundation Personal Finance Curriculum for kids through the lens of financial independence, as opposed to just basic financial literacy.  And we get into this latest book he authored, and how it is designed to help young children learn words about money in order to encourage dialogue about money between young kids and their parents and remove money as a taboo subject.

Show notes and more at:

https://moneydadpodcast.com/session004

#003.  Today’s guest is Robin Taub.  Robin and I talk about her latest book, The Wisest Investment.

Robin and I talk about why it is important for parents to make time to teach their kids about money.  We discuss healthy habits of financial management that parents can model, why parents can struggle with spending and strategies to tracking our spending.  We talk about the importance of understanding our values and why we should communicate these to our kids.  And we get into practical strategies for teaching kids about money at different stages of childhood, from young children (5-8 yrs old) all the way to emerging adults (18+ yrs old) and how we can use teachable moments in our everyday lives to teach money lessons.  

Show notes and more at:

https://moneydadpodcast.com/session003

#002.  Today’s guest is Hasina Lookman.  On today’s show, I have a really interesting conversation with Hasina, who is dedicated towards empowering women & kids with financial literacy, investing and entrepreneurship skills through her company ExplorerHop.

Hasina and I talk about gender differences in the financial knowledge between young women and young men.  We discuss how parents can empower young women through normalizing discussions around money.  We go into the benefits of putting kids in control of their own finances.  Hasina talks about why parents have to meet kids in their world to help them understand how money works and the role gamification plays in all of that.  We talk about gaps in our education system around the world and why an understanding of economics and global economies will help kids learn about investing and why engaging them through the stock market can bring those concepts to life.  

Show notes and more at:

https://moneydadpodcast.com/session002

#001. Hello - I'm your host Justin Chung and I'm on a mission to help parents raise money-smart kids and create money-smart leaders of tomorrow!

I hope you enjoy my introductory episode as I chat about why I was inspired to start this podcast, who this is meant for, my origin story, why we are not spending enough time teaching or talking to our kids about money and how this podcast and community can be a source of knowledge and inspiration to create dialogue about money and finances between you and your kids.  

I talk about my experience using real estate as a wealth creation tool and what you can expect from this weekly show including the types of guests who will be appearing.  Show notes and more at:

https://moneydadpodcast.com/session001