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Listen "Episode 36 | What does my 16-20 Yr-Old Need to Know About Money "
Episode Synopsis
Why do kids even need to know about money? Sometimes parents are like, yeah, it's too hard. Should I really even do this? But guess what? The data shows that 75% of Americans are just winging it when it comes to their financial future. And every year money is noted as one of the top stressors for Americans. So understanding money is a fundamental part of an adult. In this episode of the Quiet Wealth for our third part of this series I will share with you, what does my 16-20 yr-old need to know about money. Get ready to build & share the wealth, let's dive in.In this Episode:[00:00 - 06:05] • Welcome to the Quiet Wealth Podcast. • Teaching your child how to drive is almost the same as teaching them about money.• Why we encourage our kids with skilled jobs. • Continue to encourage giving and saving. [06:08 - 15:33] • Children ages 16 to 20 to start paying for more expenses.• Ask them to read finance books. • Have positive social media experiences, by following financial influencers.• Start building their credit• Start inviting your children into financial conversations.• We insist in on NO DEBT in college and question if college is even the right path. [15:34 - 16:41] • How to create a stronger relationship with your children.• See you on the next Episode. Build Wealth | Create Impact | Leave A Legacy Suggested Books to Read: https://www.amazon.com/Go-Giver-Expanded-Little-Powerful-Business/dp/1591848288 https://www.goodreads.com/en/book/show/51278821-debt-free-degree https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 Episode Highlight Quote: "It's really important to me and my family that the kids are set up for financial success and you cannot be set up for financial success if you start in the hole." -Camilla JeffsHELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!Grab my FREE guide From Toddler to Teen: A Guide to Teaching Kids About Money https://camillajeffs.com/from-toddler-to-teens/Follow us onhttps://www.facebook.com/steadystreaminvestmentshttps://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ===Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/ Follow us at https://www.facebook.com/steadystreaminvestments https://www.instagram.com/quietwealthcommunity/ https://www.tiktok.com/@quietwealth https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ https://www.linkedin.com/company/steady-stream-investments
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