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Real Money Talks

Nurturing Your Child's Financial Genius with Gravy Stack | PART 1

Jan 12, 2024
Join Scott Donnell, financial education expert, in this masterclass on intentional parenting and nurturing your child's financial future. Explore teaching children about investing, financial literacy, and responsibility through personal experiences and real estate concepts. Learn about the potential losses Gen Z could face in the investing space and a platform called I flip. Discover the importance of goal setting, saving money, and compound growth in building a lasting legacy.
32:19

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Teaching kids financial responsibility involves involving them in real estate investments and business ventures from a young age to instill values like delayed gratification and goal setting.
  • Parents can help their children develop habits of investing and financial growth from a young age by involving them in the process of making and investing money and teaching them about the power of compounding interest.

Deep dives

Teaching Kids Financial Responsibility

Teaching kids financial responsibility is essential for their future success. Laurel Langmire shares her personal experiences of involving her children in the concept of earning money by completing tasks or missions instead of getting an allowance. She emphasizes the importance of teaching kids to negotiate and ask for fair compensation. Laurel also explains the significance of involving kids in real estate investments and business ventures from a young age to instill values like delayed gratification and goal setting. She highlights the value of teaching kids about investing and compound interest through the use of compounding calculators. By involving kids in the process of making and investing money, parents can help them develop financial literacy and a solid foundation for a successful future.

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