Raising Financial Freedom: Recent Episodes
Eric Yard
A podcast show for parents who want their children to grow up financially smart or free. Eric Yard is the host and he's here to talk about old, present and future ways of managing and creating money for the young to learn so that parents can teach it to them.This can be instilled into to our children at a young age and carried with them until is time to leave the nest. Some of the topics like how to teach kids to use credit cards responsibly, how to teach your child about investing, ways to teach kids about money, how to teach your children about debt, and other tips that will help your child put their best foot forward in life. The show is a mix of interviews and solo shows from Eric that you will want to bring your pen and paper for. Hit subscribe if your ready to teach your child to be the best they can be financially!
047 With inflation and gas prices at an all-time high, it’s time for us to become more aware of our spending, avoid unnecessary expenses, and decrease the amount of debt we’re incurring. One of the major types of debt Americans incur comes in the form of student loans for higher education… and they often stick around for many years! So, how can we help our children avoid student loan debt? Today’s guest is going to teach you!
Meet Brad Baldridge, a college funding specialist and college planning expert who helps parents navigate college planning and expenses through his private practice, blog, and his podcast, Taming the High Cost of College.
In this episode, Brad explains why it’s so easy to get into student loan debt, how to find the best college for your budget, and realistic ways to help your child pay for college without incurring a large student loan debt. Is it worth going into debt for a college education? Listen in to hear Brad’s candid thoughts on the value of a college degree compared to skipping college and going right into the workforce. Plus, Brad shares a few tactics, like hiring a coach, that will help your kids plan their college education, pick their major(s), and get the most bang for their buck.
“It’s a complicated game and you’ve got to understand the rules so that you can use the rules to your advantage… Colleges are a business. It’s their job to help you go to college but it’s not their job to keep your costs as low as possible.” - Brad Baldridge
STAY TUNED FOR FINANCIAL LITERACY MONTH NEXT MONTH!
If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on our website, iTunes, Apple Podcasts, or wherever you’re tuning in from!
Resources Mentioned:
Listen to Taming the High Cost of College
Visit Brad’s Blog
Check out his college planning courses
Connect with Brad on Facebook
046 What do you know? We all back the month of February has just flown by what have you done this month? That is interesting. Are you still sticking to your new year's resolution? Because this is the time where everyone quits, some people quit and don't even realize that they quit. The reason I'm talking about this is because I had a conversation with a person about two weeks.
And we was having a conversation about the show and he doesn't plan to teach his kids about any financial literacy. Doesn't have the time to do it at all. Now his main reason for this is because he figures that he grew up fine and his kids will grow up just fine. The thought he just feels flat out through the course of life.
His children will just pick it up and we'll be okay, just like. So essentially for him, he did not have the why to go above and beyond to try to teach his children about financial literacy. And that's what we're going to talk about today.
If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on our website, iTunes, Apple Podcasts, or wherever you’re tuning in from!
Stay tuned for more episodes coming your way!
045 How do you make learning about finance fun and easy, especially for kids and beginners? We have someone very special to break it down for you…
Meet Rishi Vamdatt, the 12-year-old personal finance educator and visionary behind Easy Peasy Finance, a kid-friendly resource that can be utilized by parents and educators alike to teach young minds about personal finance while keeping them engaged. Having started learning about finance at the age of 6, Rishi is now using financial strategies that some adults don’t even use or know about.
In this episode, Rishi talks about his journey of learning about finance, his favorite money and finance books for kids, and how he’s applying his knowledge about investing for retirement. He also highlights the benefits of listening to the Easy Peasy Finance Podcast with your kids, the biggest challenges he has encountered along his financial education journey, and the results you can expect from investing your money for retirement. Then, Rishi shares a few simple action steps you can take to get your child or teenager involved in learning about money and finances.
“Now, after these almost four years of Easy Peasy Finance, I’ve kind of learned a lot of things along the way and it’s a lot easier now than it was at the beginning.” - Rishi Vamdatt
Rishi is 12 and he’s already planning for retirement?! Don’t let that intimidate you, though. Let that be inspiration and fuel for you to empower your kids to start making financial decisions early in life! It’s possible and it’s easier than you think.
If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on our website, iTunes, Apple Podcasts, or wherever you’re tuning in from!
Stay tuned for more episodes coming your way!
Resources Mentioned:
Listen to the Easy Peasy Finance Podcast
Subscribe to Rishi’s YouTube channel
Learn more about Easy Peasy Finance
I Will Teach You To Be Rich by Ramit Sethi
Blue Chip Kids by David W. Bianchi
The Kid’s Money Book by Jamie Kyle McGillian
044 Is real estate a good form of investment for families? Should kids be learning about real estate from a young age? Spoiler! The answer is yes.
Meet Whitney Chaffin, a speaker, investor, philanthropist, realtor, and mother who provides people with second chances through real estate. In this episode, Whitney talks about the first steps to take when teaching your kids about real estate investment and getting them involved in this wealth-building asset class. Whitney highlights the impacts she’s been able to make in her community as a result of her investments and shares powerful resources you can use to educate yourself about real estate investing.
“The biggest thing is honestly personal development skills. As you get into the real estate side of things, you really learn who you are because this business is not easy… When you start to see how this business and these traits can really allow for you to have that financial freedom, it is very hard to go back to the workforce and so you get this motivation that you won’t settle.” -Whitney Chaffin
Many people think that real estate is a rich person’s game, but as Whitney says, it’s not about being rich, it’s about being smart and thinking differently. Whether you want to invest in real estate, stocks, or cryptocurrency, financial literacy and education is the first step to financial freedom. Are you interested in learning how to invest in real estate and make it a part of your child’s financial freedom? Check out Whitney’s recommended resources below and connect with her to learn more!
If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on our website, iTunes, Apple Podcasts, or wherever you’re tuning in from!
Stay tuned for more episodes coming your way!
Resources Mentioned:
Learn more about Whitney’s Place
Learn more about Elite Legacy Education
Join the Real Estate Mamas
Donate to Place of Hope
Follow Whitney on Instagram
Email Whitney: whitneychaffin@legacyea.com
043 With divorce rates climbing and more women consciously choosing the singlelife, more women are providing for themselves (and often their children, too). Unfortunately, too many women are unprepared to take on financial responsibilities all by themselves… and it’s not necessarily their fault. As parents, it’s our responsibility to prevent that from happening to our daughters. Let’s empower the future generations of women to be financially confident and free! Here’s how…
Today’s guest, Jayne Ellegard, is inspiring financial confidence in women by empowering them to take charge of their financial literacy and reach their financial goals. Jayne is the Founder and Coach at Ellegant Wealth, where she provides keynote speeches, workshops and coaching about financial education, specifically focused on women.
In this episode of Raising Financial Freedom, Jayne teaches you how to teach your daughters about money and empower them to cultivate financial freedom. She highlights her journey to becoming an entrepreneur and insights she’s gained on how to raise confident and financially responsible daughters.
“I want women to feel empowered around their financial situation and I do think that women haven’t been provided the education that we need and we don’t talk about it… When they gain confidence in this area, it also spreads into other aspects of their life.” - Jayne Ellegard
Understanding money and finances isn’t as difficult as people think it is, so there needs to be a mindset shift so women can feel invited to the table to engage in conversation about wealth management.
If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE & RATE it on iTunes, Apple Podcasts, or wherever you’re tuning in from!
Take a few seconds to leave a REVIEW: https://raisingfinancialfreedom.com/reviews
Stay tuned for more episodes coming your way!
Resources Mentioned:
Learn more about Ellegant Wealth: www.ellegantwealth.com
Connect with Jayne on LinkedIn: www.linkedin.com/in/jayne-ellegard
Financial Empowerment For Women by Jayne Ellegard: www.ellegantwealth.com/book-preorders
042 How do you help teens become financially literate and make smart money moves before they reach adulthood? You have to get on their level and understand how they think…
Meet Charla McKinley, a Certified Public Accountant (CPA) who homeschooled her kids and is now teaching teens about money. In this episode, Charla talks about how to teach your teenagers about financial literacy, using and saving money wisely, and how adulting really works. She sheds light on why kids need different types of financial literacy curriculums based on their age, as well as how each child can benefit from tailored lessons based on their personality. Plus, Charla shares tactics you can use to teach your kids about the reality of adulting, the value of money, and being prepared for the workforce.
“Experience is the best teacher. It’s just that… when I learned, I wasted tens of thousands of dollars… If they learn it when they’re teenagers and it’s fake money, then hopefully when it’s real money, by the time they’re in their 20s, they’re a lot more wise.” - Charla McKinley
Sadly, personal finance isn’t a topic commonly taught in American school systems, but as parents, we have the power to give our kids the financial literacy needed to have a successful, happy life. Listen in to learn how to provide your kids with practical lessons based on real life scenarios.
If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on iTunes, Apple Podcasts, or wherever you’re tuning in from!
Stay tuned for more episodes coming your way!
Links Mentioned:
- Beyond Personal Finance: https://bpfclass.com/
- Linked In: https://www.linkedin.com/company/beyond-personal-finance
- Facebook: https://www.facebook.com/beyondpersonalfinance
- Instagram: https://www.instagram.com/beyondpersonalfinance/
041 What advice do you have for parents trying to raise their kids to have financial freedom?
That’s the question Eric asked some of our guests from past episodes of Raising Financial Freedom. In this episode, you’ll hear their top tips and pieces of advice for parents on teaching their kids about finances, financial literacy, and life in general.
Our guests offer a lot of wisdom on raising kids to be financially independent… but almost every one of them emphasizes the importance of communication in teaching kids about financial literacy, nurturing their independence in decision-making, and making it fun to learn about money.
Listen in to learn the best ways to bring financial freedom and literacy into your home and how to start doing so today.
If you enjoyed this podcast or think a loved one would benefit from it, we invite you to SHARE it with a friend & RATE/REVIEW it on iTunes, Apple Podcasts, or wherever you’re tuning in from!
THANK YOU for a fantastic 1 YEAR of Raising Financial Freedom! Stay tuned for more episodes coming your way!
Episode Timeline: What You’ll Learn & Questions Answered
00:00 – Intro: How do you raise financial freedom in kids?
02:02 – Sabrina Constantine: Teaching kids about finances, giving your kids a voice in decision-making, and reducing fear around money.
05:00 – Chelsea Robberson: Normalizing conversations about money, follow your kids’ interests, and having resources available for your kids to explore and learn on their own.
10:21 – Jacqueline Collins Prester: Talking to your children about finances at a young age and building a number sense through games and activities.
13:36 – Nick Loper: Being the CEO of your own home, tracking your profitability and net worth, and always running “tests” to see if things are working.
17:57 – Tod Christensen: Being open with your kids when they ask questions about money, expressing financial priorities instead of denying their wants, and playing financial games with your children. Bonus: Asking your kids their thoughts on the commercials that come on the TV.
18:15 – Thank you for an amazing YEAR of Raising Financial Freedom! & How to help us keep growing
Listen to the episodes mentioned & Learn more about our guests:
- Sabrina MJ Constantin -Episode 003-https://www.buzzsprout.com/1288991/6231079
- Chelsea Robberson -Episode 005- https://www.buzzsprout.com/1288991/6320194
- Jacqueline Collins -Episode 017- https://www.buzzsprout.com/1288991/7667245
- Nick Loper - Episode 018 -https://www.buzzsprout.com/1288991/7798882
- Todd Christensen -Episode 025 - https://www.buzzsprout.com/1288991/8353347
40 As the holidays are approaching, family time is just around the corner! What better way to strengthen your family bond than by building generational wealth?
In this episode of Raising Financial Freedom, Eric Welcomes the Wealth Twins, Nadia and Nicole, to explain how to build generational wealth in your family and how to teach your children about money and life planning.
“Life changes and you have to be able to think forward and say “okay, if I’m no longer here, how could I protect the people I love?”
These self-made, millionaire mothers are known for sharing financial wisdom on their YouTube channel, helping others to make money and create sustainable wealth for generations to come.
Listen in to gain insight into ways you can immediately start building the net worth and financial literacy of your family, especially if you’re a busy, working parent. Whether it’s through investments, updating your retirement account beneficiaries, or buying assets like index funds, taking a few small steps towards financial abundance will pay off tenfold later in life.
“Net worth is not tied to your job. It’s not about your paycheck, it’s about what you do with your paycheck. So, you can make that mindset change and you can do something about it immediately.”
Curious to dive deeper into this topic? Ask yourself these questions:
What does wealth mean for you and your family?
What steps are you going to take today to start building generational wealth for your children?
PLUS, get your FREE Parent Investing Guide on 5 Ways to Begin Investing for Your Children: www.wealthtwins.com/ericyard
Connect with Nadia & Nicole:
Visit their website: www.wealthtwins.com
Subscribe to their YouTube channel: www.youtube.com/c/WealthTwins
Follow them on Instagram: www.instagram.com/wealthtwins
Follow them on Twitter: www.twitter.com/wealthtwins
Connect with them on Facebook: www.facebook.com/wealthtwins
Email them: contact@wealthtwins.com
Stay tuned for the re-launch of their course about learning how to generate passive income by investing your money!
039 Having existed for over 10 years now, cryptocurrency is gaining popularity and power around the globe, so it’s time to start talking to our kids about it. Many parents don’t want to get involved with cryptocurrency because they don’t understand it… but today, that’s going to change.
“Crypto is doing for money what the traditional Internet is doing for information.”
In this episode of Raising Financial Freedom, Eric welcomes Shahar Abrams, Founder and CEO of Road to Babylon, an organization focused on educating the masses on cutting edge financial tools, like cryptocurrency. Shahar explains what cryptocurrency is, how it works, and the different types of crypto coins available on the market so that you can start sharing this information with your kids.
“It’s a way for people to use money in the way that they want without anyone’s permission, without needing a bank account, without needing permission from a government.”
Listen in to learn about the technology behind cryptocurrency, known as block chains, as well as the basics of managing cryptocurrency online, where to safely set up a digital crypto wallet, and how to get your kids involved in investing in cryptocurrency. Plus, you’ll gain expert insight into what the future of crypto looks like and the pros and cons of investing in it.
“What I love most about [cryptocurrency] is I think it promises a better future. It promises a more inclusive financial future for everyone around the world.”
Resources & Apps Mentioned:
MetaMask: www.metamask.io
Celsius Network: https://celsiusnetwork.app.link/197418b27f
Coinbase: www.coinbase.com
Kraken: www.kraken.com
Play to Earn: www.playtoearn.online
Want to dive deeper into this topic?
Stay connected with Shahar to enroll in his online course, The Complete Crypto Investor’s Toolkit: www.roadtobabylon.org/crypto-investor-toolkit-course
Connect with Shahar Abrams:
Visit his website and sign up for his newsletter: www.roadtobabylon.org
Follow them on Twitter: www.twitter.com/ShaharAbrams
Email him: Shahar@roadtobabylon.org
Disclaimer:This post contains affiliate links. If you make a purchase I may receive a commission at no extra cost to you.
038 In this episode, we have Linsey Knerl. She is a mother of six who has been homeschooling and since 2004. Linsey practically produced and taught a small classroom, but at the same time, runs a small business. Along with homeschooling, entrepreneurship has led her to a freelance writing career that complements her own homeschool style. Linsey is also the author of Homeschool Hacks and is very passionate about the opportunities for home education. Today, Linsey is going to share with us what it’s like be a working mother and homeschooling kids. She shares her experiences about homeschooling and how home education has significantly helped her children become well-educated members of society.
Please go to Raising Financial Freedom.com for full show notes
Homeschooling vs. teaching in School
[2:26]
Teaching children at school is a different beast from teaching kids at home. You can't really homeschool and work at the same. With the Pandemic, every parent has experienced homeschooling their kids with virtual learning. But it can be done with the amount of hours a day that it takes to educate your child. It isn't as many hours as others would think from the traditional public school schedule. With younger kids, they can be educated in as few as two hours a day all the way up to high school. Formal instruction can take place in less than even four hours. And the rest is extracurricular, administrative, all those things that happen in the school day that aren't really learning related.
[4:34]
You will stop looking for things sometimes when you just assume the school is going to provide opportunities for you. But if you're motivated and have initiative, the opportunities are endless for homeschoolers.
How Homeschooling is Understood by others
[16:34]
Having people over entertaining is almost impossible because people who don't homeschool, don't understand why you have so much stuff. It's very hard to do like a minimal lifestyle thing when you need 30 books for each child. It's just a different way of living. So for somebody whose kids are in school all day, it can be hard for someone else to deal with that much like energy. It can be a little hard to find your people if they're not also homeschoolers.
How Homeschooling affects the Future of your Kids
[18:10]
Homeschoolers can't really blame anyone else. But if kids are doing that independent learning module, they're developing skills that once they get into college, then they will grow to become independent individuals and they will have an advantage when it comes to dealing with life on their own. If you do teach them the right things and raising them to be young adults and not just big children that go on and become someone else's problem, then there is a big difference.
How to Start Homeschooling your children
[21:34]
Whether you're going to do it full time, or you're just doing it like for a while to get through, start with the one thing your child really likes whether that's math, reading, science, or history. And tackle that with as much passion as you can along with the tools and resources to make it rewarding for them. Then build upon that.
Learn more about Linsey Knerl:
Book: https://www.amazon.com/Homeschool-Hacks-Education-Without-Losing/dp/1982171154
Twitter: https://twitter.com/lknerl?lang=en
LinkedIn: https://www.linkedin.com/in/linseybknerl
Website: https://www.linseyknerl.com/
#037 Today on a solo show. Someone asked me the other day, Eric, why there is no set system of retirement in this country. And I thought about it and I told him once upon a time there was not a set system, but there was a kind of a for. That everyone followed and little financial literacy was needed at that time because everyone just did the same thing.
[00:02:02] Eric: So let's go back to a time where the economy was good and things was picking up right after, uh, a world war, world war two
[00:02:28] Now that's a lot of goods and shelter that's needed. Women at that time were averaging four kids per household
[00:03:25] And this was done for decades. There's no financial literacy that's needed here. You just followed simple cut and paste and it worked
[00:04:20] This 401k was supposed to be in addition to the retirement plan you had back then,
[00:05:14] So now 401k replaced. The great recession, pretty much crippled and damaged the stock market and people savings.
[00:06:47] Or financially free to the point where retirement was thought of at an early age and the methods to retirement Come to them as second nature.
Check out our website: https://raisingfinancialfreedom.com/
Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
Like us on Twitter: https://twitter.com/RF_Freed
036 Dan shares that he has repeatedly made failed attempts at getting schools around him to make personal finance classes a requirement for graduation and explains the reasons. The first reason is that the public school system is severely underfunded across the country, and making changes to the curriculum would require money. Secondly, most politicians focus on the data that is available on student performance which does not include personal finance; hence it is relegated to the background. Additionally, the older generations who now make most decisions in places of authority believe they turned out successful even if they didn't have financial education growing up, and so do not see it as a necessity. Lastly, the decision-makers in most learning institutions also foresee that adding personal financial classes to the curriculum would eventually increase the amount of work on their plate, while they are already overworked this would be detrimental to them.
For complete show notes go to RaisingFinancialFreedom.com
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"It is a huge disservice to our youths that we don't have more personal finance education in schools"
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"We are a financially illiterate country"
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"If we were a financially literate county we would be in a much better place"
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"Reaching Financial Independence in your 40s, 30s or even 20s is absolutely doable with the right strategies, tactics, and mindset"
In This Episode:
· [02:46] Meet today's guest, Dan Sheeks.
· [03:22] Why do you think school systems don't have in-depth classes on personal finance?
· [07:08] What would the world look like if the regular child was given personal finance classes?
· [09:02] Why did you choose Real Estate?
· [10:05] How can parents teach their children about Real Estate?
· [10:42] Discussing Passive Income in Real Estate.
· [11:52] House Hacking and the "BRRRR" Method.
· [17:16] How can a parent pull the veil away from Real Estate?
· [20:27] The "Sheeks Freak Group".
· [24:10] What are the hidden pitfalls in Real Estate that prevent young adults from succeeding?
· [27:10] What is the best piece of advice you can give a parent to get their child involved in Real Estate?
· [27:15] How to contact Dan
Instagram: Dsheeks
Email: dan@sheeksfreaks.com
Links Mentioned:
- Dan’s Website: www.sheeksfreaks.com
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freed
Therese is a busy mom and the author of the book, "Playing For Keeps". After working as a career woman for many years till she sold her company, Therese retired early and spends more time with her kids. She shares that her experience with 9-11 also made her reevaluate all she was doing why she was doing them.
Having a father who was all about Family helped inculcate it in Therese. She brought those same values into raising her kids, particularly by making sure she set an example that they could follow. After her dad died, Therese started to research her heritage just like her dad did, and realized that she came from a line of quite prominent people which helped her understand why she was so driven and motivated to stand out.
For full show notes go to Raising Financial Freedom.
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"Family is everything to me"
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"So those pearls, I would say, in business, they apply to life too"
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"You earn money so enjoy it, at the same time have a bigger plan so that you have a direction that you're going"
In This Episode:
· [00:48] Meet our guest, Therese Allison.
· [02:53] How important is family to you?
· [03:56] How important is your family name to you and how can you pass that torch on?
· [04:48] About Therese's family background.
· [06:51] What would you say was the biggest challenge you had to surmount?
· [07:44] What do you think your kids have taken out of your journey?
· [09:34] What money lessons did you give your kids while they were growing up?
· [13:12] 7 money secrets
· [19:59] Do you want your kids to follow in your footsteps in an entrepreneurial way?
· [20:33] What action steps can parents take to prepare their children for finance?
· [21:47] About Therese's book, "Playing For Keeps"
· [23:27] What is the best thing that has happened to you since you started this journey?
· [24:09] Therese's advice to parents.
· [25:27] How to contact Therese
Links Mentioned:
- Therese’s Website: www.thereseallison.com/
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freed
034 Many fundamental skills like networking, communication, negotiating, are not often taught in school. This is mostly due to the history behind the education system, which over time has continued to only focus on teaching the basic knowledge required in each career field. Unfortunately, most career courses even in university don't cover teaching these skills, even though they are practically critical for success in any field of specialty.
Mark Herschberg shares that even with 3 degrees from MIT, it was quite tough to properly manage his interactions within the workplace, and lost some opportunities because he lacked these very basic skills. Knowing he planned to become a Chief Technology Officer, he set out to teach himself and discovered that these skills aren't just for leaders but for all workers. MIT has also gotten feedback from companies, and other studies show a general scarcity in use. This is why Mark put together the program at MIT that teaches these skills and went ahead to write his book too.
For full show note please go to Raising Financial Freedom.com
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"If you just learn to negotiate… To be a little better… you can add 5 figures or 6 figures to your lifetime earnings"
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"Any good manager will tell you he or she wants to hire leaders, even for entry-level people"
In This Episode:
· [02:50] Meet today's guest, Mark Herschberg.
· [03:31] Why are there so many skills for kids that have been forgotten by the school system?
· [06:00] Do you feel that young adults are prepared enough today to step out into the real world?
· [09:25] How was your transition stepping into the real world?
· [11:46] How can a parent introduce their children to these skills, and when?
· [13:59] About Mark's book; "The Career Toolkit"
· [15:01] What action steps can parents take to get kids to learn these skills?
· [20:43] Given only one choice, which one skill would you implement in your child?
· [25:24] In the theme of health, wealth, and family, what advice would you give parents?
· [27:05] How to connect with Mark
Links Mentioned:
- Mark’s Website: www.thecareertoolkitbook.com
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freed
033 Following the money printing done to alleviate the impact of job loss during the pandemic, inflation is expected and is already being experienced with the cost of goods going up. Also, people who saved a lot are now spending much more, and this is also driving up the cost of living. Jennifer advises that in anticipation of the looming inflation, families should be rational, take a step back, be patient and make sure they make decisions they are confident about. The first step for most people is to avoid major unnecessary purchases, and consider cheaper alternatives in daily purchases. Jennifer notes that ***most often it's the bigger expenditures that create financial difficulties for people.
For complete Show notes go to Raising Financial Freedom*- "Whenever there's something intimidating or a little frightening... take a step back, and take a deep breath, and use your most rational self"
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"There are people who walk into marriage without knowing if their partner has debt or assets, and they don't realize that marriage is a legal contract"
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"When I see parents, there's often the intentional lessons… and sometimes the kids get those lessons, but always the kids just pick up from what you do day in and day out"
In This Episode:
· [01:39] Meet today's guest, Jennifer Sahady.
· [02:08] What are your thoughts on inflation as a possible impact of the money printing that was done due to the pandemic?
· [03:36] How can a family can prepare for this inflation?
· [05:16] Jennifer shares her thoughts on marriage and divorce today as the root of her TEDx talk.
· [07:33] What are the damaging effects of divorce on finances?
· [010:33] About Prenups and the process of divorce.
· [12:41] What skills can parents teach their children to prepare them for marriage in relation to their finances?
· [14:34] What role did money in marriage play in developing your philosophy?
· [16:59] How did you get started in finances?
· [19:38] What steps can a parent take now to put their children on the right road when it comes to marriage and money?
· [22:06] What checklist items should be checked by young adults before getting married?
· [23:21] What is the biggest challenge for young couples when it is time to meld their finances together?
· [25:32] What is the best piece of advice you can give to young couples?
· [27:15] How to contact Jennifer
Links Mentioned:
- Jennifer's Website: www.jennifersahady.com
- Jennifer's LinkedIn Page: Jennifer Sahady
- Jennifer's Email: jennifer@jennifersahady.com
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freed
Today's going to be a little bit of a shorter show and it's going to be a solo. A couple of episodes ago. One of my guests, Robert Shulz we briefly talked about. Compounding interests. Now I want to revisit that. Talk about that a little bit more. So the parents out there can fully understand how important this could be to their child when just starting off in life now to quote Albert Einstein, he who understands it, earns it. He who does it. Pays it.
In This Episode: [00:01:34] -Simple interest
[00:03:00] - Compound interest
[00:04:23] - Time, compound interest best friend
[00:05:17] - Where can you find compound interest?
[00:09:47] - Starting early
Links Mentioned:
- M1 finance: https://m1.finance/vOvlRgEue1FK
- Blockfi: https://blockfi.com/?ref=35ea4597
- Celsius network: https://celsiusnetwork.app.link/197418b27f
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
Disclaimer:This post contains affiliate links. If you make a purchase I may receive a commission at no extra cost to you.
031 The pandemic has brought the lack of financial education into focus for many people, institutions, and businesses. Marilyn shares that she has started to see more people take steps towards gaining financial freedom through education.
Most cultures tend to either not talk about money with kids, or they treat it as a taboo, giving almost no introduction of money to the kids in a way that they can leverage it as a tool. The problem is that while a lot of parents expect that kids will learn about money in school, the curriculum can barely offer the kind of practical knowledge on the use of money which the home is well suited to give. Hence the kid gains little or no financial education either from the home or the school.
For full show notes please go to Raising Financial Freedom
In This Episode:
· [03:05] Meet today's guest, Marilyn Lydia Pinto.
· [03:31] With the pandemic winding down, what is your opinion on the financial fallout?
· [04:20] What is money to a child?
· [05:41] What is the difference in the perception of money between Dubai and other countries?
· [08:38] What are some of the common myths and stigmas you come across concerning money?
· [11:41] Excuses parents give why they don't teach their kids about money.
· [13:46] About the Kids Finance Initiative.
· [16:30] When did you realize you had a passion for teaching financial literacy?
· [18:36] What are some of the consequences of not educating children financially?
· [20:48] At what age would you recommend a child starts gaining financial literacy?
· [23:52] What do you love about teaching financial literacy?
· [21:57] What action steps can a parent take to imbibe financial literacy in their kids?
· [24:29] What is the one thing that people don't realize about money?
· [25:23] Marilyn's advice to parents.
· [25:53] How to contact Marilyn
Links Mentioned:
- News-https://www.blackenterprise.com/prominent-leaders-launched-an-initiative-to-embed-financial-literacy-into-the-culture/
- News-https://www.fl4a.org/
- Marilyn’s Website: www.kidsfinanceinitiative.com
- Marilyn’s LinkedIn Page: Marilyn Lydia Pinto
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
030 Robert shares his dad probably taught him compound interest because he learned it the hard way, and being a stockbroker for the first part of his career, he wanted to share it. Robert also found a way to impart financial knowledge in his own kids as part of bringing them up. Robert appreciates that young people today are more interested in investment rather than compound debt, but he hopes that they understand that it takes patience and time not the idea of quick money every week.
For full show notes please go to Raising Financial Freedom
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"You have to give that compounding time to work, you need to have some patience"
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"As a parent with kids, make sure you have life insurance"
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"That period of time when you go from zero money to $100,000 is just as important as maybe later when you go from 1 million to 2 million"
In This Episode:
· [01:58] Introducing our guest, Robert Schulz.
· [02:55] Why is compound interest not taught?
· [05:09] What is the main point you would like people to get from your book: "Thoughts on things financial"?
· [05:50] What are some of the things your father passed to you that kids aren't doing today?
· [08:46] Robert shares methods he applies to teach kids about money.
· [011:34] At what age should a child start investing?
· [011:50] When do you realize that you had a passion for Finance?
· [14:35] Robert highlights certain points of frustration and pitfalls that stop people from succeeding.
· [18:46] How can a parent overcome their fears of talking about money with their kids?
· [18:54] Apart from a savings account, what can a parent do to start their child investing on the right path?
· [23:18] 3 gems from Robert's book.
· [25:24] What is the one thing people don't realize about money?
· [26:33] What resources would you recommend for parents to learn about money and pass on to their children?
· [27:32] How life could be one of the bad guys in a room.
· [28:46] What are your thoughts on starting a Roth IRA for your kids?
· [29:55] How to contact Robert
Links Mentioned:
- Robert’s Website: https://www.schulzwealth.com/
- Robert’s Facebook Group: Thoughts on things financial
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
029 Although Silicon Valley in California has a lot of tech companies, a study by Chamberlain University ranks California an "F" in teaching kids about financial literacy. Luke encourages his children to read books about financial literacy and also applies his business knowledge at home.
He also created a company, "Conteneo" that helped enterprises manage their investment portfolios which ultimately helped in participatory budgeting to create better budgeting decisions. This was used in schools involving a process where kids were given money on the condition that they had to manage it themselves. They were guided through a 5-step process including a "theme"; how to spend the money, "ideation"; creation of rough proposals for how to spend the money, "refinement"; creation of details behind the proposals, "Voting"; an opportunity to ensure most students are involved, and lastly "implementation" of the ideas from students. This process gives the opportunity to teach important concepts in financial literacy. The app is free for families.
For complete show notes please go to Raising Financial Freedom
In This Episode:
· [03:05] Introduce today's guest, "Luke Hohmann".
· [03:21] How would you say financial Literacy is in Sunnydale California?
· [05:16] With you being so close to financial literacy, how do you involve your children?
· [011:37] Which age group is adopting financial literacy at a better rate?
· [14:22] What do your kids gravitate to, when it comes to financial literacy?
· [17:50] When did you realize that you had a passion for financial literacy?
· [19:43] How did FirstRoot get started?
· [21:05] What is the biggest challenge you've had to overcome after starting FirstRoot?
· [23:10] At its core, what does FirstRoot do?
· [28:01] What states are you now in as FirstRoot?
· [28:20] The best thing that has happened since doing the pilots.
· [29:30] How can parents get their kids involved in this FirstRoot program?
· [31:46] If you had to give parents good advice, what would it be?
· [33:00] What does FirstRoot have for the future?
· [36:03] How to contact Luke. Website, LinkedIn, Twitter
Links Mentioned:
- https://www.thenewportbuzz.com/governor-mckee-signs-law-requiring-financial-literacy-education-in-high-schools/30536
- https://wjla.com/news/local/sisternomics-empowerment-summit-to-educate-black-women-girls-financial-literacy
- Website: www.firstroot.co
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Twitter: https://twitter.com/RF_Freedom
028 A.D. Williams shares that he did not receive any financial education as a child, and this was part of the reason for the book. In contrast, Kendal Fordham did have a lot of financial education, particularly as a result of spending time with her father who initially was too busy, and had to intentionally make out time which he spent reading financial books to her.
Financial literacy is the foundation of a much larger issue; it needs to be in schools but the debate is usually on when to start. Kendal believes thatfinancial education should start from Kindergarten; kids should learn the value of money as they learn to read and write. Williams adds to this the importance of also having these conversations in the home, such that the learning is now in two folds.
For complete show notes go to Raising Financial Freedom
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"Fear of failure will never leave, you just have to continue to psych yourself out"
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"The average American family does not have enough to cover 3 months of bills if they were to lose their jobs"
In This Episode:
· [01:39] Today's guests are A.D. Williams and Kendal Fordham, and the topic is their book "Mansa's Little Reminders".
· [02:20] Growing up, what kind of lessons did you receive about money and financial literacy?
· [04:00] What bothers you when you see the state of financial literacy today?
· [05:09] What amazes you about your current knowledge on financial literacy which was absent while growing up?
· [07:36] How do you feel about the school system trying to implement more of an entrepreneurial mindset?
· [08:36] About the book, "Mansa's Little Reminders".
· [12:03] Kendal shares what she passes on to her kids.
· [16:40] What challenges did you face creating this book?
· [17:45] What is the one resource that you use when it comes to financial literacy?
· [18:57] Among Saving, Budgeting, and Investing, which would you pick?
· [20:33] How do parents overcome the fear of talking about money with their children?
· [21:33] What is the best piece of advice you can give to a parent who is just starting financial literacy at home?
· [22:39] What would you say if you had to do it all over again?
· [24:17] How to contact our guests.
Links Mentioned:
- Website: www.mansaslittlereminders.com
- Email: hello@mansaslittlereminders.com
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
027 Alan believes that while college is not for everyone, it is for most people, and planning needs to start as early as the first year of high school. This explains why having a good record in high school is important, as well as attendance, getting good grades, and taking part in organizations and community work. It becomes part of the portfolio to look good for colleges.
For full show notes and transcript please go to Raising Financial Freedom
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"Only 6 out of 10 students actually complete college within 6 years"
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"Students that have a college degree make more than a million dollars in their lifetime more than students that don't have a college degree"
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"In a good school with a good advising program, the adviser will seek out the student"
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"Find a friend that can help you, don't find a friend that's going to make your situation any harder"
In This Episode:
· [04:20] Do you think college is for everyone, and when should that decision be made by the child and parents?
· [04:50] What are some of the obvious ways to prepare for college that are commonly overlooked?
· [07:39] What are some of the main goals of your website; "Affordable College Prep"?
· [09:50] What are some of the costs of college that are not associated with the main bill of college?
· [012:44] What is the best way a student can monitor how much they are spending?
· [12:50] What should a student do after failing a couple of classes, and already reaching their financial threshold?
· [19:55] If a child wants to go to college but is unsure of what to major in, what should they do?
· [21:40] Can you explain the "Ace Advising" from your website?
· [22:12] When did you realize that you had a passion for college prep?
· [23:01] What are some of the problems you've seen that frustrated you the most?
· [24:32] Favorite tips from Alan for students or parents.
· [26:40] How to contact Alan
Links Mentioned:
- News-https://financialliteracymovement.com
- Website: www.affordablecollegeprep.com
- Website: www.collegescorecard.ed.gov
- Email: alan@affordablecollegeprep.com
- Facebook: Affordable College Prep Facebook
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
026 With all of the focus on financial literacy, roughly 45 states have adopted standards for financial literacy, there is yet to be significant progress within the curriculum in schools. Only 6 states require that you take a course on financial literacy before graduation. Standards for financial literacy include Economic Education, Financial Education, Entrepreneurial Education, and Personal Finance Education. Particularly lacking in schools is Personal Finance Education. The passion has been noted to be highest in low to moderate-income communities.
For Full show notes and transcript go to Raising Financial Freedom
In This Episode:
· [02:25] Meet today's guest, Robert Church.
· [02:22] How far have we come with financial literacy?
· [05:36] How much financial literacy should a child get from 1st grade.
· [07:02] What methods have you used in your home to teach financial literacy?
· [10:20] Amongst Saving, Earning, Budgeting, or Investing, what one point would you choose?
· [11:21] What if 50% of the country was financially fit, how would that change the landscape?
· [15:55] What is DoughMain Financial Literacy Foundation?
· [25:54] What is the Fit-Kit?
· [31:42] What is the biggest challenge the organization has had to face?
· [38:28] How important is it that we make the best decision about money?
· [40:29] since you started on this road of financial literacy, what is the best thing that has happened?
· [43:50] What is the best piece of advice you can give to parents out there?
· [46:31] How to contact Robert
Links Mentioned:
- Website: www.dmfinancialliteracy.org
- Email: rchurch@domainfoundation.org
- Book: Everyday money for Everyday People
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
025 This is Financial Literacy month and meet Todd Christensen, an expert in financial literacy, who has been involved with "Jump$tart", working with state leaders around the country. Todd explains that regarding financial literacy, there is room to do better, and many surveys have revealed that the current state is not much better than it was a decade ago. The "Jump$tart Coalition for Personal Financial Literacy" was organized back in the 90s to promote financial literacy, particularly among young people.
For full show notes and transcript go to Raising Financial Freedom
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"Pay Yourself First, put something into your savings before you pay your bills"
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"If we could save first, our spending would automatically just fit into our income"
In This Episode:
· [08:18] What is "Jump$tart"?
· [09:06] Todd describes strategies that can be employed in implementing financial literacy today.
· [10:33] What financial literacy lessons did your parents pass on to you?
· [12:38] What lessons have you passed on to your kids?
· [016:02] About moneyfit.org
· [17:27] What common problem have noted among your clients at Moneyfit?
· [18:17] How and Why did you get started with financial literacy?
· [14:05] The one thing people don't realize about money.
· [28:44] About the book "Everyday Money for Everyday People".
· [30:24] What is the best piece of financial advice you can give?
· [32:39] If you had to do it all over again, what is the first thing you would do?
Links Mentioned:
- https://www.jumpstart.org/what-we-do/promote-financial-literacy/financial-literacy-month/flm2021/
- https://www.cnbc.com/video/2021/04/12/fmr-senator-heidi-heitkamp-on-how-financial-literacy-is-good-for-the-economy.html
- https://www.cnbc.com/2021/04/06/teaching-financial-literacy-to-kids-can-shrink-the-black-wealth-gap.html
- https://finance.yahoo.com/news/10-free-financial-tools-available-120009482.html
- Money Fit Academy: https://moneyfit.org/academy
- Berenstain Bears Trouble with Money 2nd Grade Reaching Activity: https://moneyfit.org/trouble-with-money
- Everyday Money for Everyday People book: https://www.amazon.com/Everyday-Money-People-Todd-Christensen/dp/161206079X
- 50+ on FIRE book: https://www.amazon.com/gp/product/B08VH817DV
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
024Today, I am lucky to have Liz Frazier. She is a Certified Financial Planner specializing in financial planning for families and working professionals. She decided to go into financial planning after her first child's birth because, like so many other new parents, she realized the overwhelming need to make sure her family was financially prepared and protected. Her goal is to alleviate the anxiety surrounding finances and provide painless and straightforward advice for all of life's stages and changes.
Shareable Link: https://www.buzzsprout.com/1288991/8213311
For full show notes and transcript go to Raising Financial Freedom
In This Episode:
- [ 0:50 ] About Liz Frazier and the inspiration for her book, Beyond Piggy Banks and Lemonade Stands
- [ 5:20 ] The best games to play about money with your children
- [ 8:20 ] The importance of having a financial foundation
- [ 11:45 ] About the mixed messages when it comes to money
- [ 15:10 ] What nine to five parents need to know about money
- [ 21:20 ] Action steps that you can implement today
- [ 27:25 ] When children should get involved in investing
- [ 33:30 ] Why parents don’t realize that they can teach their children about money
Links Mentioned:
- Website: https://frazierfinancialconsultants.com
- Twitter: https://twitter.com/lfrazierpeck
- Instagram: https://www.instagram.com/lizfrazierpeck/
- Book: Beyond Piggy Banks and Lemonade Stands: How to Teach Young Kids About Finance (and They're Never Too Young)
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
023 Today will be a solo episode talking about the latest in financial literacy news and talking about Financial Literacy Month coming in April
Shareable link:https://www.buzzsprout.com/1288991/8163553
Links Mentioned:
- https://www.eschoolnews.com/2021/03/16/every-single-middle-school-student-can-benefit-from-financial-literacy-education-according-to-new-study/
- https://www.prnewswire.com/news-releases/3-financial-literacy-statistics-that-need-to-change-in-2021-301246352.html
- https://theundefeated.com/features/pro-athletes-supporting-financial-literacy-for-kids-and-young-adults/
022 Today, I am lucky to have Aja McClanahan. Aja started her money journey as a broke college student. Majoring in economics, Aja still had no idea how to handle money when she graduated. Fast forward to marriage, and between Aja's husband and herself, they had accumulated over $120,000 in debt. Luckily, they paid it all off in 2013, and now she is showing others how to do the same.
Shareable link: https://www.buzzsprout.com/1288991/8119512
For full show notes please go to Raising Financial Freedom
In This Episode:
- [ 2:20 ] The biggest challenge Aja had to overcome when writing her book
- [ 6:10 ] How to battle the stigma of money and the secretive habits parents have about their finances
- [ 8:45 ] What Aja is teaching her daughters about money
- [ 18:00 ] Making the financial transition from single to marriage
- [ 20:55 ] How the money mindset of men differs from women
- [ 26:25 ] About Aja’s vision for her children when it comes to money
- [ 30:35 ] What people don’t realize about money
Links Mentioned:
- Website: https://principlesofincrease.com/
- Podcast: https://principlesofincrease.com/category/podcast/
- Instagram: https://www.instagram.com/principlesofincrease/
- Facebook: https://www.facebook.com/principlesofincrease/
- YouTube: https://www.youtube.com/c/PrinciplesofIncreaseTv
- Money Conversations with Our Daughters
- How a Mother Should Talk about Money with Her Daughter - by Aja McClanahan
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
021 Today, I am lucky to have Cristina Yasakci. She is a Credit Management Coach with more than 20 years of experience. She is empathetic with her clients and tenacious with their creditors, sharing an insider's perspective on credit, lending, and collections. Her seminars have reached hundreds of individuals and business owners, transforming their credit through education and attention to detail. In a world where credit often seems mysterious, Cristina is dedicated to leveling the playing field.
Shareable link: https://www.buzzsprout.com/1288991/8072568
For complete show notes and transcript please go to Raising Financial Freedom
In This Episode:
- [ 1:37 ] Why is this nation built on debit and credit?
- [ 4:12 ] How we can start building credit for our children
- [ 13:07 ] The rate at which children can build credit
- [ 19:47 ] When to introduce the concept of credit
- [ 21:47 ] Why personal finance is not taught in schools
- [ 27:42 ] The state of credit right now
Links Mentioned:
- For help:https://raisingfinancialfreedom.com/credit
- Website: https://creditachievers.today/
- LinkedIn: https://www.linkedin.com/company/credit-achievers-today/
- Facebook: https://www.facebook.com/CreditAchievers
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
20 Today, I am lucky to have J Grayson. J decided to join the military at 18. He didn't even attend his high school graduation because J was in boot camp when it happened. To say the military has been life-changing is an understatement. In the military, you learn many things such as time-management, leadership, discipline, health, and nutrition. These different aspects are not necessarily financially related, but they play a role in having a healthy and prosperous life.
For full show notes and transcript please go to Raising Financial Freedom
In This Episode:
- [ 2:10 ] J Grayson speaks about the military
- [ 6:55] What to know about joining the military
- [ 8:30 ] About Mr. Money Mustache
- [ 10:50 ] How you can hack the GI Bill
- [ 14:25 ] All about house hacking
- [ 21:35 ] Budgeting while in the military
- [ 31:35 ] The importance of paying yourself first
Links Mentioned:
- Mr. Money Mustache: https://www.mrmoneymustache.com/
- Fed On Fire: https://www.fedonfire.com/
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter:https://twitter.com/RF_Freedom
#019 Today, I am lucky to have Beth Walker join the show. Beth is a Colorado Springs, Colo., advisor specializing in financial strategies for families with college-bound children has joined the Carson Wealth office with $70 million in client assets. Walker, the author of "Never Pay Retail for College," established her advisory practice in 2002. She broadened her service offering under the name Center for College Solutions in 2017 with her book's release.
For full show notes and transcript go to Raising Financial Freedom.com
In This Episode:
- [ 1:75 ] The state of education spending on college
- [ 4:45 ] About the inspiration behind Beth’s book, “Never Pay Retail for College”
- [ 6:30 ] Understanding the seriousness of borrowing money for college
- [ 10:30 ] Learning about the hidden costs of college
- [ 15:15 ] The mindset we need when thinking about college
- [ 18:30 ] Why school selection will be imperative to success
- [ 20:05 ] The importance of cash flow in college
- [ 22:35 ] Challenges that parents will have to overcome
Links Mentioned:
- Center For College Solutions: https://www.centerforcollegesolutions.com/
- Email: Beth@CenterForCollegeSolutions.com
- Phone: (719) 522-2278
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter:https://twitter.com/RF_Freedom
018 What’s riskier: starting a business or relying on your job as your only source of income?
Today, I am lucky to have Nick Loper, Chief Side Hustler at Side Hustle Nation. He is an entrepreneur involved in a variety of projects. Like any business, it has its ups and downs, which can be stressful, but Nick learns something new every day. Nick started this Side Hustle Nation because he believes in the hustle.
For complete show notes and transcript please go to Raising Financial Freedom
In This Episode:
- [ 0:05 ] All about Nick Loper
- [ 2:05 ] Why you need multiple sources of income
- [ 4:50 ] Teaching our children about multiple sources of income
- [ 9:25 ] How Nick will teach his children about entrepreneurship
- [ 12:00 ] Examples of unique side hustles
- [ 14:40 ] The biggest challenge that Nick had to overcome
- [ 18:55 ] What Nick would change about his journey
- [ 21:30 ] Advice for starting a side hustle
Links Mentioned:
- Side Hustle Nation: https://www.sidehustlenation.com
- Listen to The Side Hustle Show: https://podcasts.apple.com/us/podcast/the-side-hustle-show/id655135292
- Side Hustle Nation on Facebook: https://www.facebook.com/groups/sidehustlenation
- Side Hustle Nation on Twitter: https://twitter.com/nloper
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter:https://twitter.com/RF_Freedom
017 Today, I am lucky to have Jacqueline Collins Prester. Jacqueline is a National Board Certified business teacher and instructional technology specialist at Mansfield High School. Jacqueline has been a vocal advocate of financial literacy education for years. She has worked with many organizations to bring attention to the need for financial literacy education for all. Massachusetts recently established financial literacy standards within the 2018 History and Social Science Framework, and additional standards signed into law by Governor Baker via Chapter 438, An Act Relative to Financial Literacy In Schools.
For complete show notes ant transcripts please go to Raising Financial Freedom
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“Schools assume financial literacy is being taught at home. However, parents are not comfortable with the material.”
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“The sooner children start saving and investing, the better off they will be.”
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“People need to budget in a different way during the pandemic.”
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“Understand financial literacy, so banks don’t make money off of you.”
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“It’s okay to talk about money with your children.”
In This Episode:
- [ 2:18 ] The overall state of financial literacy in this country
- [ 7:43 ] How parents can help their children succeed
- [ 13:58 ] The ways financial literacy will affect generational wealth
- [ 20:58] About Jacqueline’s passion for teaching
- [ 23:03 ] Jacqueline’s favorite financial literacy resource
- [ 25:43 ] What people don’t realize about financial literacy
- [ 26:03 ] Advice for parents
Links Mentioned:
- Jacqueline’s Website: http://jcollinsma.com/
- Jacqueline’s Twitter: https://twitter.com/JCollinsMA
- Jacqueline’s LinkedIn: https://www.linkedin.com/in/jcollinsma/
- Jacqueline’s Facebook: https://www.facebook.com/JCollinsMA/
- Jacqueline’s Instagram: https://www.instagram.com/jcollinsmass/
- Next Gen Personal Finance: https://www.ngpf.org
- Check out our Website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter:https://twitter.com/RF_Freedom
016 Today, I am lucky to have Daniel Massimino. In 2019, Daniel Massimino founded The Credit Connection, an innovative “solution” provider in credit repair services and business lending, in order to help people build the lives they deserve. Working previously for a credit repair agency, Dan saw holes in the framework of the business model that surrounded him, and it lit a fire in him to create a pathway for his vision. That fire is what drove Dan to The Credit Connection, and is what continues to drive him in evolving his organization every day.
For complete show notes and transcript got to Raising Financial Freedom
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“You can earn unlimited amounts of money.”
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“Get to a point in your life where you can save 40% of your income.”
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“Credit is a tool – if used correctly, it will help you get leaps ahead in life.”
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“Credit should be used on things that get you a return in life.”
In This Episode:
- [ 1:53 ] Why most people have troubles with credit
- [ 5:18 ] What credit should be used for
- [ 7:38 ] Building your children’s credit
- [ 10:53 ] How divorce can affect your credit
- [ 13:13 ] Teaching your children about credit
- [ 17:33 ] How you can use credit as a tool
Links Mentioned:
- Us Credit Connection Website: http://uscreditconnection.com/
- Dan’s LinkedIn: https://www.linkedin.com/in/danrefreshed/
- Dan’s Instagram: https://www.instagram.com/dan.pgh/
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
015 Building Financial Resilience Through Hip Hop Pedagogy
Today, I am lucky to have Brian ‘Dyalekt’ Kushner. He moved from St. Croix to New York to study acting and law. He also liked to rap. After witnessing civil rights injustices at the law firm he worked for, he dropped both the job and the law classes, pursuing the arts instead. Performances at the Nuyorican led him to Hip Hop Theater, writing plays that have been performed on stages across the world. He didn’t sleep on the rapping either, releasing music and touring internationally. His first album/one man play Square Peg Syndrome helped him get named to the Public Theater’s Emerging Writer’s Group. He has been a mainstay in NYC’s theater and Hip Hop scenes, rocking everywhere from the Bowery Ballroom to the Oregon Shakespeare Festival.
For complete show notes and transcript please go to Raising Financial Freedom
In This Episode:
- [1 :50 ] Dyalekt’s take on financial literacy and how he uses Hip Hop to teach students about finances
- [ 9:15 ] Teaching students about saving and budgeting through rap
- [ 13:00 ] What Dyalekt will teach his children about money
- [ 17:10 ] How Pockets Change will teach sessions in school
- [ 19:40 ] What people don’t realize about money
- [ 29:00 ] Dyalekt’s favorite part of teaching children
- [ 34:15 ] Find out more about Pockets Change
Links Mentioned:
- Pockets Change: http://www.pocketschange.com
- Follow Pockets Change on Instagram: https://www.instagram.com/pocketschange/
- Follow Pockets Change on Twitter: https://twitter.com/PocketsChange
- Like Pockets Change on Facebook: https://www.facebook.com/pocketschange
- Find Your Money Personality: http://www.pocketschange.com/personality
- Dyalekt: http://dyalekt.com
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
014 Vending Machines Open the Door to Financial Independence
Today, I am lucky to have Lakinya Francis join the show. Are you looking for additional income that wouldn’t require too much of an investment of either time or money?
iKrave Vending’s founder Lakinya Francis, discovered an opportunity to start-up a small vending machine service company. Though the initial start-up cost was reasonably affordable, her efforts took no time away from her full-time work. Lakinya found that finding high-quality equipment that wouldn’t break the bank and then obtaining locations to place her machines proved to be a challenge. However, her tenacity finally paid off after months of searching for a used machine that met her expectations. She started to enjoy the profits after placing her vending machine in a local mechanic’s shop.
For complete show notes and transcript please go to Raising Financial Freedom
In This Episode:
- [ 1:55 ] How Lakinya started in the vending machine business
- [ 3:30 ] What it’s like to be a vending machine entrepreneur
- [ 7:25 ] How parents and children can get involved with the vending machine industry
- [ 14:15 ] The best machines for kids to start with
- [ 17:35 ] Where to place your vending machine
- [ 24:30 ] What parents and children can expect to learn with a vending machine
- [ 30:45 ] The most significant frustration with the vending machine industry
Links Mentioned:
- iKrave Vending: https://raisingfinancialfreedom.com/ikravevending
- iKrave Vending on Instagram: https://www.instagram.com/ikravevending
- iKrave Vending on Facebook: https://www.facebook.com/ikravevending
- Lakinya’s email: ikravevending@gmail.com
- Candy Machines: https://www.candymachines.com
- VendingLocator4u: https://vendinglocator4u.com
- OfferUp: https://offerup.com
- Greenlight: https://www.greenlightcard.com
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
Disclaimer:This post contains affiliate links. If you make a purchase I may receive a commission at no extra cost to you.
013 How are you teaching your children to be confident?
Today, I am lucky to have Gabrielle “Gabby” Goodwin, founder and CEO of GaBBY Bows. She has been working diligently at perfecting her products, building a brand, and being a student since the age of 7. Gabby’s products can be found on the shelves in 74 Target stores throughout the country.
For full show notes and transcript please go to Raising Financial Freedom
In This Episode:
- [ 2:04 ] The best part of Gabby’s journey
- [ 5:24 ] How Gabby learned about money
- [ 8:09 ] What it is like to start a business
- [ 10:49 ] How Gabby inspires her classmates
- [ 14:54 ] What people don’t realize about running a business
- [ 23:19 ] Dreams really do come true in entrepreneurship
- [ 26:24 ] Avoiding pitfalls in business
Links Mentioned:
- GaBBY Bows: https://gabbybows.com
- Follow Gabby:
- Instagram: https://www.instagram.com/gabbybows/
- Facebook: https://www.facebook.com/therealgabbybows/
- YouTube: https://www.youtube.com/channel/UCWi8ijLdauQrIxPWtmZCI5w
- Twitter: https://twitter.com/gabbybows
Check out our website: https://raisingfinancialfreedom.com/
Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
Like us on Twitter: https://twitter.com/RF_Freedom
012This episode we go over some key points of things to come from Raising Financial Freedom in the near future. We also would like to thank you the listener for helping our show grow and sharing with other parents, so that all parents know we are here to help them on the journey to a financially fit or free child.
Check out our website: https://raisingfinancialfreedom.com/
Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
Like us on Twitter: https://twitter.com/RF_Freedom
011 Did you know research has shown us that 95% of our brains and habits are formed before six?
Today, I am lucky to have Jim DeGaetano, the author of The Fruitful Retirement, and Larry The Bunny Saves His Money, the President of Diamond Wealth Advisors, and a keynote speaker on the topics of strategic planning, retirement, and relationship capital. He resides in Carlisle, PA, with his wife Jen and his two kids Anna and Garrett, who have both given their seal of approval to his new best-selling children's book Larry the Bunny Saves his Money.
For complete show notes and transcript please got to Raising Financial Freedom
Links Mentioned:
- Larry the Bunny Saves his Money
- The Fruitful Retirement: A Financial Framework for Your Life's Greatest Chapter
- Jim’s website: https://www.diamondwealthadvisors.com/
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
Disclaimer:This post contains affiliate links. If you make a purchase I may receive a commission at no extra cost to you.
010 Today, I am lucky to have Lane Kawaoka. Lane owns 4,000+ units and where he is responsible for finding investment opportunities, analysis, and marketing. Mr. Kawaoka obtained a BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington. In addition to an analytical engineering background, Lane has real world experience in working as a project manager for over $230 million dollars of capital construction projects in both the public and private sector. Working as a high paid professional in Corporate America and frustrated by the traditional wealth building dogma, Lane was compelled to inspire and mentor other working professionals via his top rated podcast at SimplePassiveCashflow.com.
For complete show note and transcript please go to Raising Financial Freedom
Links Mentioned:
- Simple Passive Cashflow: https://raisingfinancialfreedom.com/simplepassivecashflow
- Lane on LinkedIn: https://www.linkedin.com/in/lanekawaoka/
- Listen to Lane’s podcast: https://podcasts.apple.com/us/podcast/lane-kawaoka/id1353481757
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
009 What are you teaching your children about failure?
Today, I am lucky to have Gurpreet Padda. Gurpreet helps his physician colleagues develop a cohesive commercial real estate investment strategy based on his lifetime of industry experience. When Gurpreet founded a real estate investment, development, and management company, Red Pill Kapital, he did so with one goal—to help his fellow doctors attain financial independence and practice medicine on their own terms.
For complete show note and transcript please go to Raising Financial Freedom
Links Mentioned:
- Gurpreet’s LinkedIn: https://www.linkedin.com/in/gurpreet-padda
- Red Pill: https://redpillkapital.com/
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter:https://twitter.com/RF_Freedom
008 Do you believe your children are not learning enough about money in school?
Today, I am lucky to have Ivan Inspires join the show. He has been an entrepreneur for the last 15 years. Among many things, he is an Inventor, CEO of Head Start 2 Riches LLC, and a father of five children. Since Ivan has a passion for Financial Education and Entrepreneurship, he makes a conscious effort to incorporate all of the valuable lessons he has learned over the years into his work. He believes every child should be given as big of a head start in life as possible.
For complete show notes and transcript go to Raising Financial Freedom
Links Mentioned:
- Ivan’s LinkedIn: https://www.linkedin.com/in/ivan-inspires-51b142147/
- Head Start 2 Riches: https://www.headstart2riches.com/headstart2riches
- Ivan’s YouTube: https://www.youtube.com/channel/UCs6HIXIQKomVY7uc_wqXP4w
- Ivan’s Instagram: https://www.instagram.com/headstart2riches/
- Rich Dad: https://www.richdad.com
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
- Like us on Twitter: https://twitter.com/RF_Freedom
007 Have you ever wondered how you can achieve financial freedom and secure a better future for yourself or your family?
Today, I am lucky to have The Millennial Money Woman (Fiona) join the show. The Millennial Money Woman is a personal finance blogger that addresses those needs for all, especially for millennial women who want to step up for themselves and take control of their financial destiny while talking to someone they trust.
For complete show notes and transcripts please go to Raising Financial Freedom.
Links Mentioned:
- The Millennial Money Woman: https://themillennialmoneywoman.com/
- The Millennial Money Woman on Twitter: https://twitter.com/The_MMW
- The Millennial Money Woman on Pinterest: https://www.pinterest.com/themillennialmoneywoman/
- Email: TheMillennialMoneyWoman@gmail.com
- Check out our website: https://raisingfinancialfreedom.com/
Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
006 How are you teaching your children the importance of gratitude?
Today, I am lucky to have Scott Aaron join the show. Scott is passionate about helping fellow network marketers achieve success while building their own network organically and without complicated and costly marketing tactics. His program has helped thousands of network marketers, entrepreneurs and individuals experience explosive growth following his program, LinkedIn® accelerator.
For complete Show notes and transcript please go to Raising Financial Freedom
Links Mentioned:
- Scott’s Website: https://scottaaron.net/
- Email Scott: scott@scottaaron.net
- Network Marketing Leads For Life: https://www.facebook.com/groups/linkedinleadsforlife/
- Scott’s Instagram: https://www.instagram.com/scottaaronlinkedin
- Scott’s LinkedIn: https://www.linkedin.com/in/scottaaroncoach/
- Scott’s Facebook: https://www.facebook.com/scott.aaron.33
- The LinkedIn Book For Network Marketing
- Go for No! Yes is the Destination, No is How You Get There
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
005 Today, I am lucky to have Chelsea Robberson on the show. She empowers school and education-related business leaders to evaluate processes, set strategic goals, and propel their mission forward. Chelsea is passionate about disrupting the status-quo of education through whatever avenue she can and pushing forward the mission of others with this same thinking.
For full show notes and transcripts go to Raising Financial Freedom.com
Links Mentioned:
- Chelsea’s LinkedIn: https://www.linkedin.com/in/chelsearobberson/
- Lealyn Growth: https://www.lealyngrowth.com/
- A Smart Girl's Guide: Money (Revised): How to Make It, Save It, and Spend It (Smart Girl's Guide To...)
- Gohenry: https://www.gohenry.com/us/
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
003 - Today, we are joined by Sabrina MJ Constantin, a mother of two, writer, entrepreneur, desktop publisher, and Founder of Myella Group. Myella’s programs and products focus on empowerment, confidence, and wellness in all areas of our community. Everything Sabrina taught her children about finances is about empowering them to make their own decisions. Sabrina is actually vision-impaired; she wants to show her children that we are all society members, disability or not.
For full show notes and transcripts Please go to: https://raisingfinancialfreedom.com/
Links Mentioned:
- Myella Group: https://myellagroup.com/
- Budgeting 101: Empowering Children to Become Financially Independent
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
Disclaimer:This post contains affiliate links. If you make a purchase I may receive a commission at no extra cost to you.
004 - A quick discussion on how early should you start teaching finance to you children.
For complete show notes and transcript please go to Raising Financial Freedom.com
Links Mentioned:
- https://fee.org/articles/need-to-teach-your-kids-about-personal-finance-here-are-some-fun-and-engaging-ways-to-start/
- Check out our website: https://raisingfinancialfreedom.com/
- Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
002 First, we talk about the drawbacks of financial illiteracy. When a person is financially illiterate, they cannot describe the prominent features of financial concepts and are unable to manage their finances prudently. When this happens, there are plenty of missed opportunities that a person will suffer from.
For full Show notes and transcript go to Raising Financial Freedom
Links Mentioned:
- Survey of The States: https://www.councilforeconed.org/survey-of-the-states-2020/
- Check out our website: https://raisingfinancialfreedom.com/
Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom