Millionaire University Monopoly Money Mastery: Teaching Kids the Value of Wealth With Adam Carroll - Part 1 of 3 (MU Classic)
May 5, 2025
Join Adam Carroll, a passionate financial education advocate, as he shares his hands-on approach to teaching kids about money. Adam reflects on his own rocky financial journey and transformative experiences with debt. Discover his unique strategy that involves using a real-cash Monopoly game to instill money management skills in children. He emphasizes the importance of starting small with saving and openly discussing finances, setting the groundwork for a financially responsible future.
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Debt Turnaround Through Reading
- Adam Carroll grew up with conflicting money mindsets from his parents and fell deep into debt after college.
- His wife's ultimatum pushed him to read 120 personal finance books and become debt-free in two years.
Live Frugally To Build Wealth
- Live frugally for a limited time to reclaim money spent on interest and build wealth.
- Simple, consistent financial habits compound over time to create lasting change.
The Money Cost of Debt
- Debt is either costing you money or making you money.
- Avoid debts that cost money monthly and only take on debts that generate income.