Navigating Financial Literacy in Parenthood

Adam Nash is a long-time Silicon Valley executive, investor and advisor. He was the President and CEO of Wealthfront, a Product executive at Dropbox and LinkedIn, and teaches a course on personal finance for engineers at Stanford. He is currently the co-founder and CEO of Daffy, the donor-advised fund for you and a champion of charitable giving. In addition to his long and successful career he’s also a husband and the father of four kids! In our conversation today we discussed:

* How to raise financially literate kids

* How to think about the question of “am I financially ready for children” and is that the right question

* How to teach your kids about charitable giving and philanthropy

* The challenges of starting a company as a parent

* The concept of “super powers” at work and at home

* How to talk about money with your wife and kids

* How to do financial planning in your household

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Where to find Adam Nash

* Linkedin: https://www.linkedin.com/in/adamnash/

* X: https://x.com/adamnash

Where to find Adam Fishman

* FishmanAF Newsletter: www.FishmanAFNewsletter.com

* LinkedIn: https://www.linkedin.com/in/adamjfishman/

* Instagram: https://www.instagram.com/startupdadpod/

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In this episode, we cover:

[1:41] Welcome

[2:47] How did you develop your passion for finance?

[5:31] When are you financially ready for children?

[12:05] Was financial literacy part of childhood?

[14:55] Kids ages and background

[15:25] Decision to start a family

[18:26] Guardrails

[23:35] Conversation with partner about startup

[27:12] Concept of superpowers

[31:56] Advice to younger Adam

[35:49] Advice to ignore

[38:53] How do you build financially literate children?

[44:09] What is a DAF?

[51:18] Your family’s philanthropy & impact

[53:51] Financial review

[57:27] Financial apps

[58:48] Mistake as a dad

[1:03:57] Rapid fire

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Show references:

Daffy: https://www.daffy.org/

Wealthfront: https://www.wealthfront.com/

Dropbox: https://www.dropbox.com/home

LinkedIn: https://www.linkedin.com/feed/

Stanford: https://www.stanford.edu/

Quicken: https://www.quicken.com/

Steve Jobs: https://www.britannica.com/money/Steve-Jobs

DonorsChoose: https://www.donorschoose.org/

Greenlight: https://greenlight.com/

Monterey Bay Aquarium: https://www.montereybayaquarium.org/

Acorns: https://www.acorns.com/

Plenty: https://www.withplenty.com/

Apple watch: https://www.apple.com/watch/

Jewish Community Center: https://jcca.org/

Cars: https://www.imdb.com/title/tt0317219/

Animal House: https://www.imdb.com/title/tt0077975/

Back To School: https://www.imdb.com/title/tt0090685/

Real Genius: https://www.imdb.com/title/tt0089886/

Star Wars: https://www.starwars.com/films

Back To The Future: https://www.imdb.com/title/tt0088763/

Toyota Sienna: https://www.toyota.com/sienna/

Honda Odyssey: https://automobiles.honda.com/odyssey

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Production support for Startup Dad is provided by Tommy Harron at http://www.armaziproductions.com/

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