Listen "#3 How to Teach Your Kids About Money – The Right Way"
Episode Synopsis
In today’s episode, we’re diving into an unconventional but crucial topic—how to teach kids about money in a way that is fun, practical, and effective.What You’ll Learn in This Episode: Why kids as young as five already have emotional reactions to moneyThe biggest financial literacy gap in our education systemHow to teach kids about money through everyday experiencesAge-appropriate money lessons, from piggy banks to investingFun activities and real-life examples to make financial education excitingWhy modeling good financial behavior is the most powerful toolKey Takeaways & Strategies:Make it Real: Teach money through everyday moments such as shopping, paying bills, and vacation planningStart Early and Keep it Simple: Introduce money concepts based on age, including saving, budgeting, and investingUse Visuals: Try money jars, family savings boards, and progress chartsGamify Money Lessons: Play Monopoly, track stocks, and set allowance challengesBe Honest About Mistakes: Teach through your own financial wins and lossesGive Them Control: Let them make financial decisions to build responsibilityModel Good Financial Behavior: Kids copy what you do, not what you sayConnect with Mo Shouman:Connect with me on LinkedIn: Mo ShoumanEmail me: [email protected]Visit My Wealth Choice: www.mywealthchoice.com.auIf you enjoyed this episode, please subscribe and leave a review on your favorite podcast platform. Your support helps us reach more tech professionals looking to make smart financial decisions!Thanks for tuning in! See you in the next episode of Wealth Bytes! In the next episode, I’ll reveal how diversification could’ve saved tech professionals thousands, and why the biggest losses aren't always about money.Plus, I’ll share what I learned from 2008, COVID, and now 2025. Don’t miss it.Listen, learn, and start making smart financial choices today.
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