323-How to Teach Your 8-Year-Old To Earn with Job Skills, Build Businesses, and Invest Wisely
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 21 April 2016
⏱️ 49 minutes
🧾️ Download transcript
Summary
One of our primary charges as parents is to raise our children from dependency to maturity and independence. One major component of this task is to teach them to be economically self-sufficient.
How do we do this? Where does it start?
Well, I believe we need to tackle this at a very young age. The earlier the better.
In today's show, I'll tell you my ideas on the topic.
Enjoy!
Joshua
- Support RPF as a Patron of the show! www.radicalpersonalfinance.com/patron
Transcript
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| 0:00.0 | So you've got an 8 year old kid and you're concerned about their financial future. |
| 0:06.0 | So you want to teach them about money. Well, where do you start? |
| 0:10.0 | I suggest that you start with teaching them how to earn and teaching them how to invest. |
| 0:16.0 | And I don't think you should wait till 18 to do that. |
| 0:18.5 | And I don't think that, although hey, it's a good thing if you want to do it. |
| 0:21.6 | I don't think that just opening a Roth IRA for your |
| 0:24.3 | kid is the ideal way to teach them how to earn or invest. So what can you do and more importantly what can you do with an eight-year-old? Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host. Thank |
| 0:56.2 | you for being with me today. I mean it. Don't wait until your kid is 18 years old or 28 |
| 1:00.5 | years old to teach them about money. Teach them when they're eight. |
| 1:04.3 | And that's what this show is going to be about. |
| 1:07.9 | Now, you'll have to take this with a grain of salt. |
| 1:11.2 | My kids are two, but hey, I'm trying to get a head start and be prepared for |
| 1:16.1 | when they're eight. The Genesis of this show came out of a conversation that I had recently with a family member of mine who said Joshua, hey look I've got 8 year old-old young lady, girl, and I'm saying, what can I do to teach my kids about money? |
| 1:39.1 | Do you have any ideas? |
| 1:40.1 | And I said, yes, of course I have ideas. |
| 1:42.0 | But I can't give them to you over the dinner table. |
| 1:45.3 | I've got to actually do something. |
| 1:46.8 | So I said, well, I'll create a show for you. |
| 1:50.8 | And so here on today's show. Welcome to all of you who are listening today for the first time. |
| 1:55.2 | This is the Radical Personal Finance Podcast, which is a show that's dedicated to providing you with the knowledge, |
| 2:00.4 | skills, insight, and daily encouragement that you need to live a rich and meaningful |
| 2:06.0 | life now while building a plan for financial freedom in 10 years or less. |
... |
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