meta_pixel
Tapesearch Logo
Log in
So Money with Farnoosh Torabi

1219: How to Raise Money Smart Kids with Author and Teacher Rob Phelan

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 28 June 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

Rob Phelan is the author of the children's book M is for Money, which aims to introduce 3-8 year old children to age-appropriate money words and normalize conversations about money between family and friends. He is a high school personal finance teacher in Maryland, where he lives with his wife and son who is almost two years old. He is part of the ChooseFI Foundation team, a non-profit with the mission of bringing high quality and free personal finance education to underserved communities, and the owner of The Simple StartUp, a digital camp for kids to help them start their first business. For more check out: M is for Money - www.misformoneybook.com Kickstarter campaign for M is for Money Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

So money, Episode 1219, had to teach money to your kids as young as three years old,

0:05.6

with Rob feeling author of M is for money.

0:10.0

You're listening to So Money, with award-winning money guru Farnoosh Karabi.

0:14.5

Each day, in a 30-minute dose of financial inspiration from the world's top business minds,

0:19.7

authors, influencers, and from Farnoosh yourself.

0:24.0

Looking for ways to save on gas or double your double coupons?

0:27.5

Sorry, you're in the wrong place.

0:29.7

Sinking profound ways to live a richer, happier life. Welcome to So Money.

0:36.4

At three years old, kids can just start conceptualizing what money is. They can start getting

0:40.8

some of the basic topics. So the idea that when we go to the store and we want something,

0:46.0

you have to trade to get it. You're trading your money. A lot of us are just seeing a card being

0:50.8

swiped, so it's actually a harder visual for them now. But we're getting the idea that you can't

0:55.6

just take something off the shelf and walk off with it. You have to trade something for it.

0:59.4

And kids will realize that. Welcome to So Money, everybody. Happy Monday. It is June 28, 2021.

1:07.5

Our conversation today centers around kids and money. Think about when you were growing up.

1:11.6

Did your parents talk about money? I often talk about our earliest money memories growing up

1:16.8

with guests. And the feedback is mixed. Some people talked about money. Some people remember

1:23.6

never discussing the M word. Our guest today wants to give parents and young kids a tool to help

1:30.0

them break the ice. Rob feeling is a high school personal finance teacher from Maryland,

1:34.7

where he lives with his wife and son, who's almost two years old. And he's going to have a new

1:39.3

book out called M is for money. It aims to introduce to three to eight year old children,

1:45.3

age appropriate money words, and normalize conversations about money between family and friends.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Farnoosh Torabi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Farnoosh Torabi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.