Kids and Money: Parental Instincts Gone Wrong
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 15 May 2018
⏱️ 39 minutes
🧾️ Download transcript
Summary
Beth Kobliner joins us to talk about how common parental instincts aren’t always right when it comes to teaching kids about money.
Thanks to Molekule and HelloFresh for supporting the show. Get $75 off your first order at http://www.molekule.com code fool. Go to HelloFresh.com/MF30 and use the code MF30 to get $30 off your first week of deliveries.
Transcript
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| 0:00.0 | This episode of Motleyful Answers is brought to you by Molecule, the world's first molecular |
| 0:05.1 | air purifier that reduces symptoms for allergy and asthma sufferers. |
| 0:09.8 | For $75 off your first order, visit M-O-L-E-K-U-L-E dot com and enter the discount code, |
| 0:18.6 | fool. |
| 0:19.6 | Also thanks to HelloFresh for supporting Motleyful |
| 0:21.9 | Answers. Receive $30 off your first week of deliveries when you go to Hellofresh.com |
| 0:26.5 | slash MF30 and use the offer code MF30. |
| 0:34.7 | This is Motleyful Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp, |
| 0:38.2 | personal finance expert here at the Motley Fool. Hello, Alison. Love your voice, by the way. Sounds good. |
| 0:43.8 | Really, really good. Thanks. And you don't sound crackly at all. In this week's episode, we're joined |
| 0:50.0 | by Beth Kobliner, the author of Make Your Kid a Money Genius Even If You're Not, a Parents Guide for Kids 3 to 23. |
| 0:56.5 | We're going to talk to her about the biggest mistakes parents make when teaching their kids about money. |
| 1:00.6 | All that and more on this week's episode of Motleyful Answers. |
| 1:04.7 | So, bro, what's up? |
| 1:06.4 | Well, Allison, if you listen to our show, and I know you do. |
| 1:09.7 | I'm forced to. |
| 1:12.1 | You'll notice that we get a lot of questions from listeners about retirement accounts, things like IRAs, 4-1Ks, and so on. |
| 1:17.8 | So investors are understandably they want to make the most of these accounts since they offer all kinds of tax breaks. |
| 1:23.6 | But is it possible to actually quantify the value of a retirement account? |
| 1:27.5 | Yes. |
| 1:28.5 | Well, I found someone who agrees with you. |
| 1:31.2 | His name is Aaron Brask. |
... |
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