How to Raise Financially Independent Children

Welcome, ladies, to the Real Estate InvestHER Show! In this episode, we are going to learn some valuable insights on money management and raising financially savvy children with Maya Corbic. Maya is a passionate CPA and mother with over a decade of experience in teaching kids financial literacy, as well as empowering parents to raise their children to become financially independent adults. Her passion for this topic stems from her own personal experience as a first-generation immigrant from war-torn Bosnia, where her family lost everything in the war and immigrated with only two suitcases and $50. She understands firsthand the value of financial stability and independence and is committed to sharing her knowledge and experience with others. In this episode, Maya shares her story of moving from Bosnia to the US after losing everything in the war and how her experiences have taught her crucial lessons about budgeting and being a savvy spender. She then explains four different allowance methods that can be used to best equip kids with a successful approach to money management: chore-based, age-based, percentage-based, and need/want-based methods. Maya stresses the importance of teaching kids with family values in mind so that parents can create a personalized money teaching plan for their children.   “In order to teach our kids the abundant mentality, we need to have it ourselves.” (12:29 – 12:36) “We all need to be teaching about money based on our family values, what it is that we believe in, and whatever works best for our family.” (15:07 – 15:16) “Allowance is often misunderstood as a gift, but it's actually a valuable tool for children to learn money management in low-stakes situations.” (15:58 – 16:14)             Connect with Maya:a Instagram: @teach.kids.money LinkedIn: Maya Corbic Website: Dinarii Financial Education   Resources Mentioned:   Atomic Habits by James Clear   How To Join the InvestHER Movement   1) InvestHER CON 2023 Scottsdale, Arizona, May 18-19 Generational Wealth - You Come First   Here is what you can expect at InvestHER CON 2023: Pre-event network 2 Full days of transformational experiences Access to over 20 Sessions with Keynotes and Speakers Recordings from all sessions Access to investors, mentors, and influencers Mindful networking Opportunities to connect with our sponsors + vendors Coffee and Lunch included Final Reception: Red Party Live 30-day Group Accountability Virtual Session with the Founders Liz and Andresa Exclusive Breakfast for STRIVE members only. "InvestHer CON was truly a transformative experience. I have felt alone for so long and now I feel like a have a community of support. I don’t have to be the master of everything and take it all on my shoulders, I just have to do what I am excellent at."  Heather Giammichele   We reserved the entire resort for us!    Join us in. Get your ticket today!   https://www.therealestateinvesther.com/investhercon   2)  InvestHER Community on Facebook: a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    3)STRIVE Membership - for highly ambitious and decisive Real Estate investors looking to grow your Real Estate portfolio on your own terms while making deeper relationships with successful women playing at the same level.  APPLY today at https://www.therealestateinvesther.com/membership   4) InvestHER Meetups Around the Globe: attend in-person meetings held monthly by experienced InvestHER Leaders! Find the location near you HERE!     5)The Real Estate InvestHER Podcast - straight talk and inspiration for current and aspiring female real estate investors to live both balanced and financially free lives. Subscribe here.   6)InvestHER™ ORG with eXp: all-woman investment group for agents and build your personal portfolio while creating generational wealth! Get the benefits of being part of a team without extra fees! Click here and schedule a discovery call.