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Investing in Real Estate with Clayton Morris | Investing for Beginners

846: Teaching Your Kids Financial Intelligence - Episode 846

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 26 May 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

On our Q&A episodes, I answer three of your questions every week. A few weeks ago, I got a voicemail from an eleven-year old listener who asked how I teach my own kids about financial intelligence. I thought this was an amazing question, and the more I thought about it, the more I wanted to elaborate.

Today I'm going to reiterate what I told Drew, but also go a little deeper into some specific strategies you, as a parent, can use to teach your children financial intelligence. Click play to learn more about why financial education matters, and how to instill it into your family.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey Clan, I really like your YouTube videos. They're really cool. And every time I'm busy I hear your my dad.

0:16.0

I hear my dad

0:18.0

hearing you will hear your YouTube videos all the time and

0:25.6

I was just wondering do you have any advice for like

0:44.8

for like an 11 year old on on real estate and investing and if you have any kids do you like teach them anything because I would really like no thank you kwyan and by the way your videos are really awesome thank you Thanks so much Drew and lovely question from an 11 year old listener Drew and by the way my son my son Miles is 11 years old

0:49.4

so they answer your question absolutely And you are well ahead of the game, my friend.

0:56.4

Because growing up, I did not learn the things

0:59.7

that your dad is listening to and that you are asking

1:02.1

about right now. I didn't learn this in school.

1:04.3

Schools in the United States simply don't teach financial intelligence. It's just not part of the

1:08.8

curriculum. They might teach you how to balance a checkbook that might be the only thing you'll actually learn in school,

1:16.0

but you're asking the right question, you're asking, you know, what should I as a young person be doing now

1:21.0

to learn about real estate investing passive income and those things

1:26.0

you might not have really realized that you've been even really asking about passive

1:29.2

income. So yes I think one of the things that maybe you should ask your dad to do is to buy Robert Kiosaki and the team at Rich Dad have an amazing board game.

1:39.6

It's called the cash flow game, okay? I highly recommend this game for young people

1:44.8

and for families.

1:45.6

It doesn't even, you know, your dad would benefit from this as well.

1:49.2

Get the cash flow game, okay?

1:51.3

Sit down and say, Dad, I want to play this game.

1:54.0

Now, there's a one that's for like adults.

1:56.6

It's a little bit more difficult and there's one for kids.

...

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