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Ready For Retirement

What's the Best Way to Teach Kids About Money and Investing?

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 16 August 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses the best way to teach kids about money and investing. Questions Answered: How can you effectively teach kids about money and investing?What's the best strategy to have kids start to understand about money?Check out the podcast on YouTube here! Check out our main channel on YouTube here! LET'S CONNECT! FacebookLinkedInWebsiteENJOY THE SHOW? Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google Play Hav...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.4

It all starts right here on Ready for Retirement. for retirement.

0:29.0

Hi, everyone and welcome back to another episode of Ready for Retirement.

0:30.2

I'm your host, James Cannell.

0:33.2

Today's episode isn't really about your money.

0:40.0

It's about how do you teach kids and even potentially grandkids about the lessons of money so often i hear people say that legacy is important to them but legacy is not just something that they leave

0:44.2

monetarily when they die legacy is the experiences and lessons that they have and teach to their

0:50.7

family while they are still here so this question or this topic is really going to

0:55.4

touch upon just that. How can you most effectively teach kids and even grandkids about money,

1:01.1

especially when money and long-term savings is probably the last thing on their mind?

1:05.6

So this topic is based upon a listener question and it comes from David. David, how are you?

1:10.2

Thank you for the question. David says, James, we truly enjoy your YouTube videos and podcast about saving for retirement.

1:16.4

We have seven grandkids, ages 17, 8, 10, 11, 13, and 14 years of age. Fortunately, they are good

1:24.0

students and receptive learning. And although I attempt to educate them about the dynamics of investing, I don't think I'm taking the correct approach in doing so.

1:31.3

I would like to take time to introduce them to the investment world.

1:34.3

Do you have any ideas on how to do so?

1:37.3

Very good question, David.

1:39.3

And as I mentioned, this is something that's very important.

1:42.3

Chances are good if you're listening to this,

1:44.3

maybe you've saved well and invested well and have learned a lot of important lessons along

1:47.8

the way. And more than just passing on finances to children in the next generation,

...

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