5 Ways to Teach Your Kids (and Yourself!) About Money

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 5 November 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

No five-year-old wants to sit in front of the computer learning how to do online banking or watching their parents write a check. But because we don’t learn about money in school (even though we should!), kids learn money habits from their parents. Here’s how to teach them well. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.0	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.0	That's a good one.
0:10.0	Ian and should I have a 401k because I don't do it?
0:12.0	No, I know.
0:15.0	I don't think the whole world will revolve around you on your money.
0:17.0	What a dumb shit!
0:19.0	Charge for wasting our time.
0:23.0	I will take a check.
0:25.0	We're gonna pull you back.
0:27.0	You recognize her from Anchoring on CNN, CNBC, and Bloomberg.
0:31.0	The only financial expert you don't need a dictionary to understand.
0:35.0	The cold lap in.
0:37.0	One of my most impassioned rants, which you can probably recite for yourself by now,
0:42.0	is that we should learn financial literacy in school.
0:45.0	It's absolutely nuts to me that we don't.
0:48.0	So many financial mistakes are made completely by accident.
0:51.0	I mean, think of how many missteps we could avoid if we just learn the proper money moves when we were yet.
0:56.0	I digress.
0:57.0	But because personal finance isn't taught in school, to learn about money,
1:01.0	we turn to the source for all our answers to the questions that don't get discussed in the classroom.
1:07.0	Our parents.
	...

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