money for kids

#052.  Today’s guest is Jeff McLean.  We discuss Jeff’s recently published book “Hedgie’s Bitcoin Story” to help kids learn about money and the evolution of money over time and where it is heading.  We hone in on the concept of value, and how his book makes the connection between value and money for kids.  We discuss bitcoin, what it is, what it represents, and how it is an option and a path to fighting the currency debasement that is happening in our society today.  We also discuss Jeff’ entrepreneurial activities and businesses, the reason why he became an entrepreneur and some of the lessons we can pass along to teach our kids.

Show notes and more at:

https://moneydadpodcast.com/session052

#042.  Today’s guest is Amanda Nitti.  Amanda discusses her classroom economy system and how it teaches vital financial literacy skills to her students in a fun, engaging way.  She discusses how she gets buy-in from her students on the types of jobs in the classroom and how her students must apply for jobs in the classroom.

She also highlights the value of entrepreneurship as part of this system through the idea of the Class Market.  We discuss the importance of tracking your cash inflows and outflows in making spending decisions and budgeting and the fun and entertaining way she teaches needs vs wants.

We also discuss non-financial and vital values that students are learning, rewards and items that can be purchased using “Nitti Bucks” and the importance of keeping kids accountable and how we can ensure kids are making informed decisions about their money.

Show notes and more at:

https://moneydadpodcast.com/session042

Join us for this episode where we will discuss what is finance and how money actually works.

Finance is the management of money and other assets. It includes how you save, spend, invest, borrow and protect your money. Understanding finance helps us make smart decisions with our finances so we can reach our goals. This could mean saving up to buy a new bike, a toy you want, or making sure you have enough money to pay for college tuition. No matter what your financial goals are, understanding finance will help you reach them.

Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice recording app, and then email it to hello@financewithkids.com. For example "Hi, my name is Leah, I'm 6 years old, I live in San Diego, California, and my question is--what is an asset?"

Adults, do you want gain free access to tools, videos, and other great resources to build better financial skills and achieve higher levels of success? If so, join one of our free communities today at: https://www.byfiq.com/community

Also, check out these three courses that will help sharpen your financial and investing acumen:
Boosting Your Financial IQ
Understanding Financial Statements
Investing in Stocks and Financial Assets

When you're ready to start living an abundant financial life, take a look at one of our accelerator programs.

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This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in Coltivar or its Affiliates. (An offering to invest in a Coltivar fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Coltivar, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

#038.  Today’s guest is Andy Seth.  Andy talks about his entrepreneurial journey, from his humble beginnings living in a motel during the first fourteen years of his life, to building nine successful businesses.  He talks about his mentality and focus on the pursuit of making money, and when he realized it was an empty pursuit, and the healing process he went through to remove his false beliefs about money.  

We discuss his apprenticeship experience with a successful small business owner at the age of 11 and how the FLOW marketing apprenticeship program started off, bringing in 18-24 yrs low-income youth to train them in skills to be productive.

We dive into the four reasons why parents should be teaching their kids to sell, instead of selling for them and how sales is one of the most valuable skills you can earn or acquire.  We get into the 3 key sales tactics parents can use to teach our kids, and why relationships are so important when selling and how you can build trust by teaching your kids how to build relationships with intention.

Show notes and more at:

https://moneydadpodcast.com/session038

#030.  Today’s guest is David Delisle.  He talks about why it’s important to normalize conversations about money with our kids and we discuss what inspired him to write his graphic novel, The Golden Quest.  The book is a very fun way for kids to learn about money.  Its been described as “Rich Dad Poor Dad meets Calvin & Hobbes” and it’s such a great book that is beautifully illustrated.  David talks about the importance of having our children develop strong financial habits, which helps to avoid getting caught up in a lot of the noise that is out there.  He digs into how we should help our children understand what is important to them, or their “why”.  And this can help our kids pause and reflect and be mindful of their spending choices.

He covers the four golden rules of money, and emphasizes the importance of having our kids develop strong financial habits.  We also get into what parents should be doing to help their kids invest, and the actions parents should take to get more comfortable talking and learning about money, especially when they don’t consider themselves experts.

Show notes and more at:

https://moneydadpodcast.com/session030

Gayle Reaume founded Moolah U after noticing that children are often not equipped to manage their money. In reaction to COVID-19 she launched their first online kid business camp last week with kids from all over the country.  They're delivering two programs this week in multiple time zones and are working with leaders in Singapore and Australia to expand the program. Gayle was also the 2019 Mentor of the Year by Austin under 40. This episode is a must for parents who want to confidently offer their kids financial autonomy.

Welcome to the Establishing Your Empire show. A podcast that inspires entrepreneurs, creatives and future business owners to pursue their passions, grow their organizations and build their empire. My name is Daran Herrman and creatively I’m best known for my photography. But business wise my claim to fame is growing a company from $15K per month in online sales to breaking the one million dollar a month barrier. And I’m sitting down with interesting people to talk about their process, the lessons they learned and how they have Established their Empire’s.