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

With Guest Jeremy Cybulski

Jeremy Cybulski is a Credit Union Developmental Educator (CUDE) who has presented financial literacy to thousands of kids. He is also now a dad to a 4-year-old, and we discuss the main money issues he often sees and how he plans to help his son grow up money-smart and money-empowered.
 

 We touch on many topics, including:

    • 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]
I hope you enjoyed this episode of The Art of Allowance Podcast. Please subscribe to our show to help me have more conversations with parents and discover more ideas to help us all raise money-smart, money-empowered kids. You can find out more about our movement at theartofallowance.com as well as download a sample or get a copy of my new book, The Art of Allowance. You might also want to check out The Money Mammals, our program to get your kids excited about money smarts when they’re young. Until next time, I wish you and your family well as you journey forth. Thanks for listening.