The Personal Finance Podcast What the 1% Teach Their Kids About Money
Jan 12, 2026
Learn how the wealthiest families teach their kids the value of money. Discover the innovative four-jar system for spending, saving, investing, and giving. Explore age-based investing lessons and the concept of earning through chores and a family job board. Andrew emphasizes weekly family meetings to enhance financial understanding and responsibility. By guiding children towards financial literacy, families can cultivate stewardship and secure generational wealth.
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Parents Must Teach Money Early
- Teach kids money at home so social media doesn't shape their beliefs about debt and spending.
- Take responsibility as a parent to give children financial education rather than leaving it to the world.
Education Outlasts Cash Inheritance
- Inherited wealth often disappears by the third generation without financial education.
- Teaching money skills is a more durable legacy than handing down cash alone.
Money Is Structured, Not Emotional
- Money should be treated as structured and given jobs instead of driven by emotion.
- Wealth is created through consistent systems and repeated healthy money habits, not one-off knowledge.
