1912: The Money Lessons Kids Need By Age 10
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 1 December 2025
⏱️ 33 minutes
🧾️ Download transcript
Summary
Today’s conversation digs deep into one of the most important and misunderstood stages of financial development: the tween years. Research shows our money habits are formed as early as age seven, yet most people don’t start investing seriously until their 30s or 40s. So what happens if we bridge that gap? What if kids as young as 10 begin learning how money works, how investing grows wealth, and how to make smart decisions with the dollars they earn, save, and spend?
Our guest is Jamie Bosse is a Financial Planner, Author, and Mother of four. She helps her clients navigate life’s transitions and overcome and anticipate potential roadblocks along the way. Jamie finds it extremely rewarding to see people organize their financial lives, maximize their human capital, and get closer to their life goals in her work at CGN Advisors. Jamie has a passion for mentoring and financial literacy and is the author of Money Boss Mom: Helping Young Parents Be the “Boss” of Their Financial Future, as well as the Milton the Money-Savvy Pup children’s book series.
Her next book, Investing for Tweens, is available for preorder here.
In this episode, we explore how parents can introduce investing in a way that feels tangible, empowering, and fun — whether that’s buying a share of Nike because your kid loves their sneakers or using a custodial brokerage account to let them experience the market in real time. We also talk about helping college-age kids understand the real cost of life, how to communicate money boundaries at home, and how parents can teach healthy financial habits even if they’re still working through their own.
Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!
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Transcript
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| 0:00.0 | So Money episode 1912, the money lessons kids need by age 10. |
| 0:06.8 | You're listening to So Money with award-winning money guru Farnoosh Karabi. |
| 0:11.7 | Each day, get a 30-minute dose of financial inspiration from the world's top business minds, |
| 0:17.0 | authors, influencers, and from Farnoose yourself. |
| 0:21.0 | Looking for ways to save on gas or double your double coupons? |
| 0:24.8 | Sorry, you're in the wrong place. |
| 0:27.0 | Seeking profound ways to live a richer, happier life. |
| 0:30.2 | Welcome to So Money. |
| 0:33.3 | I think that talking about individual stocks can be really impactful for this age group because they are, they're living it, right? |
| 0:40.1 | So they are using products or like certain brands. |
| 0:44.7 | And if you can correlate that to, okay, you buy things in this brand, but you could also buy stock in this brand and make money when they are making money. |
| 0:53.7 | So if it's a company you believe in and you think |
| 0:55.7 | will keep growing and you're going to keep buying their things, why don't we take advantage of this on |
| 1:00.7 | both sides, right? Where we're buying Nike stock or buying Dick Sporting goods or whatever it is |
| 1:05.6 | that your kids are into, that can help make it a real tangible lesson. So they are like, oh, okay, |
| 1:10.6 | I own a share of Nike and |
| 1:12.2 | Nike is doing well. And I just bought shoes from Nike. So I'm helping their company get even better. |
| 1:18.9 | So that can help make it real for kids. Welcome to So Money, everybody. I'm Farnush Tarabi. Our conversation |
| 1:25.0 | today is digging deep into one of the most important and misunderstood |
| 1:29.8 | stages of financial development. The tween years. Research shows that our money habits are formed |
| 1:36.8 | as early as age seven. Yet, many people don't start investing seriously until midlife. So what happens if we bridge that gap? |
| 1:46.4 | What if kids as young as 10 begin learning how money works, how investing grows wealth, |
... |
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