A0A 003: How a Financial Educator Plans to Teach His Young Son to Become Money-Smart

• • Advice for parents to help them avoid spoiled children
  • The importance of opening up a money dialogue with your kids
  • Why it’s important to keep talking to your kids about money (Hint: They’re listening.)
  • A few simple strategies 
  • Foundation for allowance
  • Simple ways grandparents can contribute to their grandkids’ money smarts
  • What Jeremy learned about the lure of leather seats in his first car
  • The home of Pez headquarters

SHOW NOTES

• A little about the National Youth Involvement Board (NYIB) and Jeremy’s involvement with kids and money [2:39]
• Negative money connotations: money fear versus money entitlement [6:41]
• Starting the money conversation with your kids [9:57]
• The success story of Rachel: “If the message is good, just keep talking. You never know who’s listening.” [16:37]
• Early action-based money engagement via banks, toys … and vents [21:15]
• Grandparents’ involvement in the allowance process [26:53]
• Jeremy’s future financial concerns for his son [28:18]
• Financial failure as an instructional tool: leather car seats and Pez headquarters [32:20]
• Money, honor and pride lessons learned from Jeremy’s grandfather and father [41:25]
• “Stuff” and identity [43:18]
• Experience as a financial teacher [48:45]
• The importance of financial educators [49:31]
• What led Jeremy astray from money responsibility but towards money empathy [51:22]
• The concept of paying yourself first [55:40]
• Money empowerment, confidence and trust [58:04]
• Jeremy’s two biggest investments: his first home and Wheel of Fortune auditions [59:04]
• Contemplating your financial future now [1:01:32]
• Jeremy’s affinity for Dr. Seuss [1:03:01]