Helping Your Kids Develop Talent (So You Don't Have To Support Them Forever): Interview with Jonathan Harris from 10kToTalent RPF0115

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.2 • 1.9K Ratings

🗓️ 9 December 2014

⏱️ 104 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial Planning is--and should be--fully integrated with every aspect of life. Often, there are non-financial ways of hitting financial goals that are more efficient than just simply "buying the solution."

Helping your children develop their talent is one such area of focus. If you can launch a young man or woman with real, useful skills that have an economic value in the marketplace and which are aligned with their individual personality and interests, they will be far ahead of many of their peers.

This early start can launch the magical cycle of compounding earlier which can have a lifetime impact.

Consider the impact of an early start:

If a 16-year-old can learn to earn and invest $100 per month through developing and marketing their talent, they could accumulate a nest egg at 66 of $1,746,876.07. (50 years of investing, $100/mo each month, 10% interest compounded monthly, starting with $0.)
If a 22-year-old begins when they graduate college, they will wind up with $955,649.56 at age 66. (44 years of investing, $100/mo each month, 10% interest compounded monthly, starting with $0)

My guest is Jonathan Harris and he writes at the website www.10kToTalent.com. He is the father of 8 children and is a both a learner and an expert at developing talent in children.

Enjoy the interview!

Joshua

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Transcript

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0:00.0	Have you ever wondered what your talents and abilities might be?
0:04.0	And wondered, okay, so now that I found some talents and abilities,
0:07.7	how do I develop them?
0:09.8	Or even better, if you ever wish that you had been able to discover your talents and
0:15.2	abilities and interests at an earlier age? I know that I have and today my guest is
0:22.1	an expert at bringing out talent, especially talent in young men and women.
0:29.0	How can you discover and develop your child's talent. Welcome to the Radical Personal Finance Podcast.
0:43.0	My name is Joshua Sheets and I'm your host. Today is Tuesday, December 9, 2014.
0:59.0	Today I'm going to share with you an interview with Jonathan Harris, founder of the website 10K to Talent.
1:07.0	We're going to talk about how the process of Talent Discovery and Talent Development is a fundamental process for launching an independent
1:16.0	young adult. I was thrilled when I was thrilled when I was
1:24.0	my guest today accepted my invitation because this is a subject that I think a lot about
1:28.8	and I think this is for any parent or for any concerned uncle or aunt even I think this is a subject that has a lot of
1:36.4	application and we're going to get very quickly to the interview here
1:40.1	But I want to give you about two minutes of background on this interview and also on this series of this education series.
1:49.0	When I set out to essentially cover what in my mind I'm trying to create which is a comprehensive
1:53.8	curriculum of financial planning I'm trying to make it as comprehensive as
1:58.0	possible there are many subjects and topics and things that I could cover and in my
2:02.3	mind it's it's probably
2:04.5	infinite because even if I could get to the end of all of the topics that I'd like
2:08.6	to cover the law would change and I'd have to cover them again but I decided to pick the one that I think I have the best possibility
2:16.1	of actually being able to get to the bottom of.
	...

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