Teach Your Kids to Save, No Matter Their Age
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 12 September 2017
⏱️ 46 minutes
🧾️ Download transcript
Summary
Beth Kobliner, the author of Make Your Kid a Money Genius (Even if You’re Not), joins us to talk about ways to get your kids to save more money, no matter how old they are. We’ll also answer your question about the nitty gritty of determining your savings rate for retirement, and share the stories of our favorite kid entrepreneurs.
Transcript
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| 0:00.0 | Support for Motleyful Answers comes from our friends at Rocket Mortgage by Quicken Loans. |
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| 0:20.5 | This is Motley Full Answers. |
| 0:21.6 | I'm joined as always by Robert Brokamp, personal finance expert here at the Motley Fool. |
| 0:25.6 | Alison, hello. |
| 0:26.6 | Hello. |
| 0:27.6 | In today's episode, we're joined by Beth Kobliner, author of Make Your Kid a Money Genius, |
| 0:33.6 | Even If You're Not. |
| 0:34.6 | She's going to share her tips and advice for teaching kids to save money no matter what age they are. We're also going to answer your question about the nitty-gritty |
| 0:41.8 | of tracking your savings benchmarks, something. Something like that a little bit. |
| 0:47.5 | Okay. And we're going to talk, well how would you describe it? |
| 0:50.4 | The nitty-gritty of savings rates. How much you should be saving for retirement. |
| 0:55.0 | There we go. And talk about our favorite kid entrepreneurs. Kidpreneurs. All that and more on |
| 1:01.0 | this week's episode of Motleyful Answers. |
| 1:03.0 | Hello, fools. Before we kick off today's regularly scheduled episode, we're going to have first a quick public service announcement in light of the data breach at credit company, Equifax. |
| 1:16.4 | And it seems that hackers may have made off with the personal data of about 143 million people. |
| 1:21.6 | We're talking like social security numbers, driver's license, credit card numbers, birth dates, addresses. |
| 1:26.6 | So we thought we'd just provide a few tips on what you should do. |
| 1:30.4 | And to help us do that, we brought in Sean Gates, the certified financial planner with |
| 1:34.0 | Motley Fool Wealth Management, a sister company of the Motley Fool. |
... |
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