What the 1% Teach Their Kids About Money

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.7 • 1.4K Ratings

🗓️ 12 January 2026

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join the Free Master Your Money Workshop on January 14, 2026 here! Get the Free Guide to The Master Money Kids Wealth System here! Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Join Master Money Academy today! In this episode of The Personal Finance Podcast, Andrew reveals the exact system the top 1% use to raise wealthy kids—teaching them to earn through value creation, split money into four jars for spending, saving, investing, and giving, learn real investing by age, and run weekly family money meetings that build financially confident adults instead of entitled spenders. Listen to The Business Show here. Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Partner Deals Go to http://acorns.com/pfp and start automating your investments and get a $5 bonus today! Get 50% Off Monarch, the all-in-one financial tool at www.monarch.com/PFP Join the loyalty program for renters at joinbilt.com/PFP Go to http://policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at http://Indeed.com/personalfinance Thanks to Fundrise for Sponsoring the show! Invest in real estate going to http://fundrise.com/pfp DeleteMe: Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off! Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	on this episode of the Personal Finance Podcast, what the 1% teach their kids about money.
0:14.3	What's up, everybody, and welcome to the Personal Finance Podcast.
0:19.3	I'm your host, Andrew, founder of MasterMoney.com. And today on the Personal Finance Podcast. I'm your host, Andrew, founder of MasterMoney.com. And today on the
0:23.9	personal finance podcast, we're going to be diving into what the 1% teach their kids about money.
0:29.8	If you guys have any questions, make sure you join the Master Money newsletter by going
0:33.8	to MasterMoney.com slash newsletter. And don't forget to follow us on Apple Podcasts, Spotify, YouTube, or whatever podcast player,
0:41.8	you love listening to this podcast on it.
0:44.0	If you want to help out the show, consider leaving a five-star rating and review on Apple Podcast, Spotify,
0:49.8	or your favorite podcast player.
0:52.8	Now, today, we're going to be diving into what the one percent
0:56.5	teach their kids about money. Now, what I want you to understand, it is your obligation as a parent
1:02.2	to teach your kids about money, to give them an understanding of how this world works.
1:07.7	Because if you don't teach your kids about money, then social media is going to teach
1:11.9	them about money or the world is going to teach them about money. And guess what the world teaches?
1:16.3	You can go into debt, buy that brand new car and it's never going to hurt you. Or a one to two
1:21.7	percent fee from an advisor is not a big deal. Or you don't have to invest your money. Live it up right
1:27.1	now so that your future,
1:29.1	you can take care of that later on down the line. The world teaches terrible financial lessons.
1:34.6	So it is up to us as parents to become stewards of our children's education when it comes to
1:41.2	learning about money. Now this episode is going to be rooted in financial psychology.
1:46.6	My entire goal for this episode is to give you the tool so that you can go out and teach your kids
1:51.2	how money works. And so in this episode, we have two core values that we want you to think through.
	...

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