MoneyDad Podcast: Recent Episodes
Justin Chung
Are you a parent looking to raise money-smart kids so that you can give them the best shot at taking control of their financial future? The MoneyDad Podcast is dedicated to helping you do just that. Join Justin Chung, as he interviews like-minded parents, successful entrepreneurs, personal finance experts, best-selling authors and educators to share their stories, strategies, tactics and mindset secrets so that you can help your kids build a strong financial foundation and learn good money skills and habits. You'll learn mistakes to avoid, creative ways to explore financial literacy concepts, tips on how to have more money conversations and wealth building and management strategies so that you can teach your kids to win the money game. Hit subscribe to join the conversation and get ready to change your life, and your kids' lives!
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085. In this episode, Justin sits down with Lisa Clements, founder of Clear Springs Wealth and a former corporate HR leader at Meta and Accenture, who left a nearly 24-year corporate career to help single women build wealth on their own terms. Lisa brings both professional expertise and lived experience — she's built significant financial independence as a single woman herself, and that perspective shapes everything she teaches.
We dig into why Lisa believes girls need the same expectation boys often get by default: get a job in high school, start managing your own money, and make your money mistakes while you're still under your parents' roof — not for the first time in a college dorm. Lisa shares real stories from her own family and clients about what happens when daughters are — or aren't — brought into financial conversations early, including why opening up the family budget at 14 can build confidence instead of anxiety.
We also cover:
- Why Lisa sees "learned helplessness" show up differently in women around money — and how to tell if it's authentic or a self-protective story
- The decision-making frameworks she teaches clients (and her nieces and nephews) for big money choices — the timeline test, the flexibility filter, and the future-self test
- How everyday moments — a disputed grade, a tough coach conversation, friend drama — are actually financial advocacy training in disguise
- What the Stanford marshmallow experiment gets wrong, and what it means for how we build financial patience in kids
- Practical, low-pressure ways to start a money conversation with your daughter this week
Whether you're raising a daughter, a son, or both, this conversation offers a clear-eyed look at where financial confidence really comes from — and how small, early experiences with money and self-advocacy compound over a lifetime.
Connect with Lisa:
Website: clearspringswealth.com
Instagram/TikTok/YouTube: @clearspringswealth
Email: lisa@clearspringswealth.com
Show notes and more at:
https://moneydadpodcast.com/session085
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084. What if everything we were taught about money was designed to keep you dependent — on debt, on social security, on a system that was never built for your family's success?
Rebecca Irey grew up watching her family lose a 3,000-acre South Dakota ranch during the Farm Aid crisis of the 1980s — not because they didn't work hard, but because they didn't know the rules of the financial game. Her father was brilliant and driven, but when things went sideways, he didn't know how to pivot. Wealthy families do. And that one difference changes everything.
Rebecca is the founder and CEO of Blue Sky Financial, a certified financial fiduciary, PhD, homeschooling mom of seven, and grandmother of six, who is on a mission to change the financial trajectory of American families — moving them away from dependence on broken systems and toward true legacy wealth and financial independence.
In this episode, Justin and Rebecca cover:
- Why the financial system is designed to create workers — and how to raise kids who think differently
- The importance of building a financial foundation first, so everything above it can be aggressive, experimental, and bold
- Why there is almost no point in life where you cannot start over — and why starting early makes it nearly impossible to fail
- How Rebecca teaches her seven children to become their own safety net, and the vision-casting technique that makes saving feel exciting at any age
- Why debt is not the enemy — and how wealthy families use it as a tool to build wealth rather than spend it
- The testing strategy that can give your kids up to two years of college credit before they ever step on a campus — debt-free
- The retirement tax time bomb hiding in your IRA — and why Roth conversions may be the most important financial move you're not making
- Why the market always comes back — but why that's cold comfort if your timing is wrong
- The story behind the name Blue Skye Financial, and why every family deserves someone in their corner when life knocks them down
Show notes and more at:
https://moneydadpodcast.com/session084
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083. What if the financial system your kids inherit looks nothing like the one you grew up with? According to Silicon Valley venture capitalist Matthew Le Merle, that's not a hypothetical - it's already happening. Matthew is the co-founder of Fifth Era and Blockchain Coinvestors, and has backed over 750 blockchain and AI companies, including 75+ unicorns. In this episode, he breaks down why the digitalization of money is the next great transformation — and what it means for parents raising kids today.
We cover:
- Why blockchain is to finance what the internet was to communication - and why you don't need to understand the technology to benefit from it
- How to invest in innovation the right way, including why venture capital follows a power curve, not a normal distribution
- The money values Matthew and his wife Allison passed on to their five kids - and why "money is energy" is the framework that changed how he thinks about wealth
- Why the skills that will matter most in an AI-powered world aren't content-based - they are creativity, critical thinking, and the ability to keep learning
- The real reason your kids are better positioned for the future of finance than you are
Show notes and more at:
https://moneydadpodcast.com/session083
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082. What if the financial industry has been quietly working against you all along? In this episode, Justin sits down with Robert Rolih - international bestselling author of The Million Dollar Decision and long-term investing mentor to clients in over 73 countries — to unpack the hidden forces draining everyday investors' wealth and the refreshingly simple strategies that actually work.
Robert shares his personal story of building a business from the ground up in Slovenia, only to lose most of his profits by blindly trusting financial advisors. That wake-up call sent him on a mission to master personal finance — and what he discovered changed everything.
In this episode, you'll learn:
- Why a seemingly small 1% management fee can cost you over $1 million by retirement
- The only investment products worth your money (and the ones to avoid completely)
- Why the simplest investing strategy outperforms most professionals — including Warren Buffett
- How to build a stress-free, long-term portfolio without following the news
- Robert's practical framework for teaching your kids about money, investing, and delayed gratification
- Why keeping your children off social media might be one of the smartest financial parenting moves you make
Whether you're just starting your investing journey or looking to simplify what you already have, Robert's message is clear: investing doesn't have to be complicated — and the industry's dirty secret is that it never was.
Show notes and more at:
https://moneydadpodcast.com/session082
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081. What if the best investment for your kid has nothing to do with what worked for you?
In this episode, Justin sits down with Russ Morgan, co-founder of Wealth Without Wall Street and host of the Wealth Without Wall Street Podcast, to unpack one of the most overlooked concepts in building family wealth — Investor DNA.
Russ grew up in a home where money was scarce, watched his mom freeze her credit cards in a block of ice to avoid spending, and stumbled into the financial advisory world just in time to have everything he thought he knew blown up by the 2008 financial crisis. That reset sent him on a mission to find a better path — one that doesn't require waiting 30 years to start living.
In this conversation, Justin and Russ explore:
- Investor DNA — why every person, including your kids, is wired to invest in different ways, and how discovering that early can prevent decades of costly mistakes
- The financial freedom formula — passive income greater than monthly expenses, and how to use that simple scoreboard to make smarter decisions with every dollar
- The "just try" mindset — why imperfect action beats perfect paralysis, and why the best investors hit singles, not home runs
- Real-world passive income for kids — from vending machines to short-term rentals, how to get your kids building income streams before they even leave high school
- Why passive doesn't mean hands-off — the front-end work that separates successful investors from disappointed ones
- The family time you can't get back — why financial freedom isn't just a money goal, it's a parenting one
Whether you're just starting to think about building passive income or you're already on that path, this episode will give you a fresh framework for how to think about money — and how to pass the right lessons on to your kids before the wrong ones take hold.
Resources mentioned: WealthwithoutWallStreet.com/moneydad
Show notes and more at:
https://moneydadpodcast.com/session081
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080. In this episode, Justin sits down with Deb Kierstead - educator, homeschooling pioneer, and creator of the Live Skills Money programs — to talk about why most kids graduate without the financial skills they actually need in life, and what parents can do about it right now.
Deb shares her framework for building real money confidence in kids of any age, the three saving strategies she teaches (including the Mars Method — her favourite), and why budgeting is actually about freedom, not restriction.
Her son used these habits to buy his own home at 24. This episode is the playbook.
What you'll learn:
- Why financial habits start locking in by age 7
- The three-question spending test that eliminates guilt
- How to model healthy money habits even if you didn't grow up with them
- Why good debt and bad debt are conversations worth having with your 8-year-old
Show notes and more at:
https://moneydadpodcast.com/session080
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079. In this episode, Justin sits down with Peter Swain — serial entrepreneur, AI strategist, and dad of two — to explore how artificial intelligence is radically reshaping the world of business, parenting, and financial freedom.
Peter has spent his career at the cutting edge of disruptive technology, from building some of Europe's earliest websites and working directly with Steve Jobs, to now advising entrepreneurs and organizations around the world on harnessing AI without losing their humanity. And his message is clear: when it comes to AI, there is no middle ground. There's a thrive option and a die option — and the clock is ticking.
In this episode, you'll learn:
- Why AI is not optional for entrepreneurs and what "thrive or die" really means for your business and your family's financial future
- The four levels of AI adoption — and how to move from using it as a glorified Google to building end-to-end businesses that run without human intervention
- How Peter is building a business he projects could generate over $100 million a year with zero human employees — and the jaw-dropping math behind it
- Why context matters more than prompting — and the 500-to-1 ratio that will immediately improve everything you get out of AI
- Peter's simple 15-minute-a-day prescription for any parent or entrepreneur who doesn't know where to start with AI
- The concept of "whole life decision making" — how Peter feeds AI his spiritual, financial, family and personal goals so every business decision serves his whole life, not just his bottom line
- What 30% unemployment could actually look like — and the three solutions being discussed at the highest levels of government and business
- Why Peter is focused entirely on soft skills when raising his kids — empathy, adaptability, resilience and communication — and why those are the skills AI still can't replicate
- How Peter's kids are already learning entrepreneurial thinking at home — with debit cards, chores, and pitching dad for what they want
This episode will challenge the way you think about work, freedom, technology and what it means to set your kids up for a future that looks nothing like today.
Show notes and more at:
https://moneydadpodcast.com/session079
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078. In this episode, Justin sits down with educator Robert Coutts, who has built a real-life “classroom economy” where students earn income, pay expenses, run businesses, and even pay a mortgage on their desks.
Instead of just teaching financial literacy, Robert creates an environment where kids experience money decisions every single day—learning lessons about saving, spending, investing, and responsibility in a hands-on way.
From classroom jobs to business fairs, and even dealing with debt and consequences, this system is helping students build real-world money skills long before adulthood.
We chat about how a classroom economy system actually works, the power of delayed gratification and early money habits, why ownership and accountability are important skills, and practical ways to teach money lessons at home.
Show notes and more at:
https://moneydadpodcast.com/session078
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077. In this episode, Justin sits down with David Morgan, author of The Silver Manifesto, publisher of The Morgan Report, and creator of the documentary Silver Sunrise, for a wide-ranging conversation on money, family, and legacy.
David explains why we are living through the late stages of a debt-based, fiat monetary system—and why inflation is not an accident, but a built-in feature of the system. He breaks down the critical difference between currency and real money, and why families—not institutions—bear the greatest risk when currencies lose purchasing power.
The conversation dives deep into why gold and silver have served as stores of value for thousands of years, how they function differently within a family’s asset base, and why silver plays a uniquely important role in the modern, energy- and technology-driven world. David also shares practical guidance on how families can think about saving with hard assets, portfolio balance, and safe storage—without panic or complexity.
A major focus of the episode is financial education for kids. David and Justin discuss how parents can teach children to think independently about money, avoid debt-driven consumer habits, and understand concepts like inflation, purchasing power, and real assets through simple, tangible experiences—like holding silver or learning the history of money.
The episode closes with reflections on legacy, freedom, and resilience. David shares personal lessons from decades in the markets, the inspiration behind Silver Sunrise, and why true wealth goes beyond money to include health, wisdom, and personal freedom.
This is a conversation for parents who want to:
- Protect their family’s purchasing power
- Raise financially resilient kids
- Understand why gold and silver matter right now
- Learn how to think clearly about money in an uncertain system
Show notes and more at:
https://moneydadpodcast.com/session077
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076. What does it really mean to build generational wealth — and how do you pass it on without losing your kids in the process? In this episode, I sit down with Mike McCarthy — serial entrepreneur, co-founder of GoBundance, former leader in the growth of Keller Williams, and author of The Miracle Morning for Parents and Families. Mike has helped scale businesses doing billions in sales, but what sets him apart is how intentionally he applies leadership, discipline, and values inside his own home.
At the heart of this conversation is a powerful idea: give kids the flint, not the fire.
Instead of simply handing down money or opportunity, Mike explains why parents must focus on preparing the heir — teaching responsibility, stewardship, and self-mastery — long before wealth ever changes hands.
We also explore one of the most important parenting principles you’ll hear: connection before correction. Especially with adolescents, Mike shares why maintaining trust, presence, and relationship is the foundation that makes guidance, discipline, and financial lessons actually stick.
This episode is filled with practical frameworks parents can implement immediately, including:
- How to teach financial responsibility through skin in the game, not handouts
- Why you need to prioritize connection before correction
- Why preparing heirs matters more than preparing estates
- A weekly family meeting that becomes the operating system for your home
- A simple daily routine — CHARMS — to help kids build discipline, confidence, and self-mastery
- How to raise money-smart kids without entitlement, control, or burnout
This is a conversation for parents, entrepreneurs, and leaders who want their success to strengthen their family — not come at its expense.
If you’re focused on raising grounded, capable kids and building a legacy that goes far beyond money, this episode with Mike McCarthy is a must-listen.
Show notes and more at:
https://moneydadpodcast.com/session076
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075. In this powerful episode, Justin sits down with Jon Stenstrom—father of two, entrepreneur, creator of Cast & Spear, and author of My First Bitcoin Book. Together they explore how to raise kids who are independent thinkers, financially literate, and empowered to thrive in a world that’s rapidly changing.
From entrepreneurship, negotiation, and health habits… to Bitcoin, sovereignty, and the future of money… this conversation is packed with practical insights that every parent needs to hear.
You’ll learn about:
- How Jon’s upbringing shaped his entrepreneurial mindset
- The skills kids naturally possess—and how to strengthen them
- How to instill hard work and money literacy in young children
- Core money lessons young kids can learn
- Health as wealth: Building lifelong physical habits
- Jon’s Bitcoin awakening
- Why Bitcoin matters for families
- How My First Bitcoin Book helps parents AND kids build curiosity, financial independence, and self-sovereignty
- The three core values Jon wants to pass down to his children
If you care about preparing your kids for the real world, this episode will challenge how you think about money, family, responsibility, and teaching children foundational life skills.
Show notes and more at:
https://moneydadpodcast.com/session075
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074. In this episode, Justin sits down with Jeannine Glista, the Emmy award-winning creator and executive producer of Biz Kid$, the hit TV series that’s inspired millions of kids to learn about money, entrepreneurship, and investing. She’s also the co-author of the best-selling children’s book How to Turn $100 into $1,000,000: Earn It, Save It, Invest It, and Give It.
You’ll hear:
- Why it is so important to get kids interested in entrepreneurship at a young age,
- Hw entrepreneurship can act as the hook into the world of money for our kids
- How the Biz Kid$ series came to life
- The strategies she found worked in making financial literacy engaging to her audience
- What motivated her to write her best selling book
- What she’s learned about teaching money to kids in fun and practical ways and how you could learn from her experience with your own kids
- The importance of having the proper money mindset
We dive into the difference between earning and saving, how to help kids build confidence as entrepreneurs, and why starting small — even with just $100 — can spark a lifelong journey toward wealth and independence.
Show notes and more at:
https://moneydadpodcast.com/session074
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073. In this episode, Justin sits down with Mike Gillespie, real estate investor, entrepreneur, and founder of Epic Living Academy. Mike’s mission is to help dads break free from the grind, create more time for their kids, and live with purpose.
We dive into Mike’s journey from delivering papers as a kid to building a thriving real estate portfolio, leaving a secure government job, and ultimately discovering that true success isn’t about more properties or promotions—it’s about balance, freedom, and impact.
You’ll hear:
- How Mike transitioned from “golden handcuffs” in government work to building a life on his terms.
- Why chasing more money or more doors in real estate doesn’t always equal more freedom.
- The life balance framework Mike uses to help dads design the life they actually want.
- Practical ways to be a role model for your kids when it comes to money, health, and fulfillment.
- How to foster abundance and financial confidence in your kids by involving them in real-life money lessons.
If you’ve ever wondered how to provide for your family and actually enjoy the time you have with them, this episode will inspire you to rethink success and design your own PowerDad Blueprint.
Show notes and more at:
https://moneydadpodcast.com/session073
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072. In this powerful episode, Justin sits down with Joe Bryan, the creator of the viral short film “What’s the Problem?”—a video that has reached millions by exposing the flaws in our financial system. Joe shares his personal awakening to the corruption baked into modern money and explains how today’s economic challenges all trace back to the broken foundation of fiat currency.
We dive into the concept of currency debasement, why prices should actually be falling over time, and the uncomfortable truth that the purchasing power of all fiat currencies trends toward zero. Joe also unpacks why this matters for families, what the future of money might look like, and most importantly, how parents can prepare their kids to navigate—and even thrive in—a rapidly changing financial world.
If you’ve ever wondered what’s really wrong with money, and what we can do about it, this episode will challenge your perspective and leave you thinking differently about the future.
Show notes and more at:
https://moneydadpodcast.com/session072
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071. In this episode, Justin sits down with Craig Ballantyne - bestselling author, entrepreneur, and high-performance coach — to explore how discipline, integrity, and mentorship shape the next generation of business leaders.
Unlike our typical money tactics and strategy episodes, this episode takes a deeper dive into Craig’s entrepreneurial journey and the lessons parents can apply to raise confident, resilient kids. From growing up on a farm in Stratford, Ontario, to building multiple 7-figure businesses, Craig shares how real-world experiences, strong standards, and saying “no” to the wrong yeses shaped his path.
If you’re a parent who wants to model entrepreneurial thinking, strong character, and long-term success for your kids — this one is a must-listen.
Topics Covered:
- Craig’s early work experience and how it sparked his entrepreneurial mindset
- Why young people should work for great mentors before starting businesses
- Why discipline is about prioritizing your biggest problem, not cold showers
- Why you need to get clear on your “Big Why” before saying yes to anything
- The importance of standards and personal operating systems
- Craig’s philosophy on parenting with consistency, structure, and purpose
Show notes and more at:
https://moneydadpodcast.com/session071
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070. In this episode, Justin sits down with Nejeed Kassam — entrepreneur, father, and co-founder of Snowball 72 — to dive deep into how we can equip the next generation with the financial skills they desperately need. Nejeed shares his entrepreneurial journey, from launching his first business at age 14 to building and exiting a successful fintech company, and now launching CoPi — a groundbreaking AI-powered financial assistant designed to help young people take control of their money.
We cover:
- How Nejeed’s immigrant family story shaped his drive and entrepreneurial grit
- Why most kids (and many adults) still lack basic financial literacy
- What inspired him to launch Snowball 72 and pivot from a video game to an AI-based assistant
- How CoPi empowers youth to learn, plan, and take action with their finances — judgment-free
- Real-world advice on how parents can model money habits at home
- Simple strategies Nejeed and his wife use to teach their own kids about money
Whether you're a parent, entrepreneur, or someone passionate about the future of financial education, this episode is packed with wisdom and practical inspiration.
Show notes and more at:
https://moneydadpodcast.com/session070
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069. Kevin Thueson was a CPA with a comfortable career, a house, and the kind of life that looks stable from the outside. But he knew he wanted more: ownership, time freedom, and the ability to model something different for his kids.
In this episode, Kevin shares the bold move that changed everything—selling his house to buy a campground. That first leap launched him into full-time entrepreneurship, a growing real estate portfolio, and a new way of raising financially empowered kids.
This episode dives deep into mindset, legacy, and the power of taking calculated risks for long-term freedom.
You’ll Learn:
- What drove Kevin to leave his 10-year CPA career
- How he bought his first RV park—and why he believes it's a hidden gem asset class
- The importance of teaching kids about ownership and money from a young age
- Why “burning the boats” forced growth and created generational momentum
- How to normalize money and entrepreneurship at home—even if you weren’t raised that way
Show notes and more at:
https://moneydadpodcast.com/session069
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068. In this episode, I sit down with Emily May—former registered nurse, real estate investor, and now the owner of M&M Roofing—to talk about her bold leap into entrepreneurship through business acquisition.
Emily shares how she went from long nursing shifts to owning and scaling a roofing company 10x in one year. You'll also hear how she’s intentionally involving her kids in real estate, business, and money conversations—giving them a front-row seat to financial literacy in action.
Whether you're exploring entrepreneurship, investing, or raising kids with money smarts, Emily’s story is packed with inspiration and practical takeaways.
You’ll Learn:
- Why Emily left nursing after 17 years to acquire a business
- How she grew her company through seller financing and community presence
- Mindset shifts that helped her step into ownership with no prior roofing experience
- How she models money confidence and entrepreneurship for her kids
- The importance of involving your children in real-life money decisions
Show notes and more at:
https://moneydadpodcast.com/session068
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067. In this episode, I sit down with real estate investor and entrepreneur Steve Arneson to explore how shifting your mindset and living with intention can unlock a life of purpose, freedom, and wealth. Steve shares his journey from burnout to designing a life that aligns with his values—and the mindset and habits that made it possible.
Whether you're a parent looking to model money confidence for your kids or someone seeking more clarity and control over your financial path, this episode is for you.
You'll Learn:
- How to break free from limiting beliefs about money and success
- Why intention is more powerful than hustle
- The daily habits that support a freedom-based life
- How to build a life by design, not default
- What it takes to trust your vision—especially when others don’t see it yet
Show notes and more at:
https://moneydadpodcast.com/session067
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066. In this inspiring episode, I sit down with Dan Bauer—entrepreneur, mentor, and founder of the MBA Exchange and Young Entrepreneurs Initiative. Dan brings decades of experience from the corporate world, higher education, and startup mentoring to the table.
We dive into Dan’s unique journey from working in advertising and finance to founding and scaling his own company, eventually selling it and launching an entrepreneurship program for high school students in partnership with Inc. Magazine. Along the way, he shares what it really takes to make the leap from corporate to entrepreneurship, the importance of building a strong team, and how to raise and mentor the next generation of entrepreneurial thinkers.
In this episode, you’ll learn:
- How Dan transitioned from a corporate executive to a successful entrepreneur
- Lessons learned from scaling and exiting a business
- How to mentor teens into becoming resilient, business-minded leaders
- Why passion, purpose, and pivoting are essential for entrepreneurs
- How parents can help their kids think like entrepreneurs—even if they don’t become one
Dan’s story is full of wisdom for anyone navigating the shift into entrepreneurship or looking to inspire the next generation.
Show notes and more at:
https://moneydadpodcast.com/session066
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065. In this episode, I sit down with Anne Lester, retirement expert and author of Your Best Financial Life: Save Smart Now for the Future That You Want. Anne shares powerful insights on overcoming behavioral biases that prevent us from saving and how to build financial habits that set us up for long-term success.
We dive into key money questions Millennials and Gen Z should ask themselves, the biggest financial mistakes young people make, and why many struggle to connect with their future selves when it comes to retirement. Anne also shares personal stories—including managing billions of dollars at work while struggling to save in her own life—and offers practical strategies to shift our mindset around saving and investing.
Show notes and more at:
https://moneydadpodcast.com/session065
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064. In this episode, Justin sits down with Nate Reineke, a Certified Financial Planner from Physician Family who specializes in helping physician families take control of their finances and a father of two, who shares some hard-hitting truths about money, parenting, and what really matters most. He shares his personal journey and experience. We discuss how to best balance career ambition with quality family time, helping understand whether we are chasing financial success without a clear purpose, and how we actually teach kids about money in a way that sticks.
Show notes and more at:
https://moneydadpodcast.com/session064
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063. In this episode, Justin talks with Colleen Gillam-Judd, a Certified Financial Planner, helping Canadian business owners achieve financial freedom. Colleen shares her journey, along with actionable advice on helping entrepreneurs with balancing business and personal finances, planning for retirement, and setting your kids up for financial success.
Show notes and more at:
https://moneydadpodcast.com/session063
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062. In this episode, Justin talks with Taylor Burton, co-founder and CEO of Till Financial, a family-focused FinTech company designed to help kids and parents develop strong money habits together. Taylor shares his entrepreneurial journey, insights into modern financial challenges, and practical strategies for empowering children to become smarter spenders in today’s digital world.
Show notes and more at:
https://moneydadpodcast.com/session062
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061. In this episode, Justin is joined by Daniel Goldgut, CEO and Co-Founder of Epilogue, to explore how will-making is evolving in Canada. Daniel shares his journey from corporate law to launching a platform that makes estate planning simple, accessible and affordable for all Canadians. We also unpack everything you need to know—from the surprising myths about wills, what happens to your digital legacy when you’re gone and how to protect it, demystifying probate as well as providing practical advice for parents to pass on financial literacy and create a solid legacy.
Show notes and more at:
https://moneydadpodcast.com/session061
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060. In this episode, Justin sits down with Li Zhang, Director of Social Impact and Financial Literacy at CPA Canada. Li shares her personal journey from an immigrant childhood shaped by a scarcity mindset to her current role as a financial literacy advocate. They discuss the influence of early money habits, the challenges of balancing saving with spending, and how parents can foster strong financial skills in their children. Discover CPA Canada’s accessible, free financial literacy resources and programs that teach financial concepts to communities, schools, and families across Canada. This episode is filled with actionable insights for anyone wanting to build a healthier relationship with money and raise financially aware kids.
Show notes and more at:
https://moneydadpodcast.com/session060
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059. In this episode, we sit down with Megan Betker, a wealth coach, authorized infinite banking practitioner, and real estate investor, as we explore the powerful intersection between infinite banking, financial freedom and family well-being. In this episode, Megan shares her personal journey from working at traditional banks to becoming an independent wealth advisor. We dive into wealth-building strategies like real estate investments, the Infinite Banking Concept (IBC), and how parents can build a financial legacy for their kids.
Show notes and more at:
https://moneydadpodcast.com/session059
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058. In this episode, we sit down with Jim Sheils, founder of 18 Summers and bestselling author of The Family Board Meeting and The Passive Income Playbook.
Jim shares his simple yet profound strategies for busy professionals who want to create deeper, more meaningful relationships with their families, while also achieving financial success.
You’ll learn about (1) the Family Board Meeting strategy that helps connect busy parents with their kids through quality one-on-one time every quarter, (2) Balancing Family and Business where Jim talks about the challenge of managing a successful career while maintaining a strong family life. Learn how to be intentional with your time and set boundaries, including his tips for tech fasting and scheduling family time; (3) Teaching Financial Literacy to Kids, where you gain insights into how Jim and his wife involve their children in conversations about money, business, and entrepreneurship from an early age, helping them develop key life skills through active participation; and (4) Using Real Estate as a Path to Freedom, where Jim shares his experience as a real estate investor and how passive income can give families more freedom
Show notes and more at:
https://moneydadpodcast.com/session058
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057. In this episode, we sit down with Stephen Diaz, co-founder of The Rainmaker Family and an eight-figure entrepreneur. Stephen shares his journey from wedding photographer to building a multi-million dollar e-commerce business that empowers families to achieve financial and time freedom. Discover how to leverage the power of Amazon, shift your mindset from "I can't" to "How can I?", and create lasting financial success without sacrificing family values. He also provides insights on raising entrepreneurial kids and instilling values like abundance, generosity, and resourcefulness.
Whether you're a seasoned entrepreneur or just starting, this episode is packed with actionable insights!
Show notes and more at:
https://moneydadpodcast.com/session057
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056. Today's guest is Tom Karadza. Tom is the co-founder of Rockstar Real Estate Inc, a real estate brokerage focused on helping investors in the Greater Toronto and Golden Horseshoe areas create income to live life on their terms. Tom is also the co-host of The Your Life! Your Terms! Show, where he chats about real estate, business building, the economy, bitcoin, monetary policy, nutrition, fitness and anything else to help us all live life on our own terms.
Tom shares spending time in Croatia, growing up as a child and how it shaped his views on how money works. We dive into his unconventional path, from corporate world to entrepreneur. Tom shares strategies of how parents can talk to their kids about money, and tangible examples of what he does with his kids to help them learn about money, as well as transfer info and knowledge to them. We also talk about financial freedom, and his three bucket strategy for achieving it. We dive deeper into a few of those buckets, including bitcoin, and how owning some real estate can be a beautiful thing - because of leverage to achieve higher returns to stay ahead of our currency debasement. And two, how that same property can change over the years, based on the different strategies you can deploy for that same piece of real estate, in his example, a regular boring single family home.
Show notes and more at:
https://moneydadpodcast.com/session056
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055. Today's guest is Jess Bryan. Jess is the founder and CEO of Future Empowered, a company that combines critical skills of money and communication to empower individuals including millennials, women and teens to create financial freedom, security and independence. We chat about impactful lessons about money Jess learned through her childhood. We discuss the unique trio of formative money perspectives that influenced her growing up. Jess talks about the reasons she created Future Empowered, what inspired her to get into teaching, and how she started mixing in financial literacy with teaching her courses. We discuss the benefits of using a Classroom Economy system. And we discuss strategies on how to teach teenagers to become financially independent adults and how to set them up for success. As well as strategies that millennials should take to build a strong financial foundation.
Show notes and more at:
https://moneydadpodcast.com/session055
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054. Today's guest is John Bromley. John is the founder and CEO of Charitable Impact, an innovative giving platform that has facilitated Billions in charitable donations. We chat about the biggest problem in the charitable sector today, what inspired him to start Charitable Impact and how it is built to provides tools and support for the donor. We discuss how how we can grow our children’s financial literacy through their charitable allowance functionality, which allows our kids to not only see how charitable giving is modelled by us as parents, but also empowering them to experience making decisions around giving. And we talk bout the future of charitable giving.
Show notes and more at:
https://moneydadpodcast.com/session054
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053. Today's guest is Chris Larsen. Chris has been investing and managing real estate for 20+ years and absolutely loves helping investors become financially independent through RE. We chat about real estate, how he set a goal for FI from his early 20’s to become FI within 15 years and how he helps investors get on their path to FI through passive investing. We also spend a fair amount of time chatting about how we as parents can raise our kids to be financially confident. Chris co-wrote a book called No Problem Parenting, Raising Your Kids with More Confidence and Less Fear. And we get into a whole host of strategies he uses with his kids, including how he involves them in his real estate and car wash businesses. And how you can use those same strategies to teach your kids about money with one of the most impactful ones really normalizing conversations about money with our kids. He also has great free resources for parents on how we can teach our kids to be money pros.
Show notes and more at:
https://moneydadpodcast.com/session053
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052. Today’s guest is Jeff McLean. We discuss Jeff’s recently published book “Hedgie’s Bitcoin Story” to help kids learn about money and the evolution of money over time and where it is heading. We hone in on the concept of value, and how his book makes the connection between value and money for kids. We discuss bitcoin, what it is, what it represents, and how it is an option and a path to fighting the currency debasement that is happening in our society today. We also discuss Jeff’ entrepreneurial activities and businesses, the reason why he became an entrepreneur and some of the lessons we can pass along to teach our kids.
Show notes and more at:
https://moneydadpodcast.com/session052
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051. Today’s guest is Maya Corbic. We discuss Maya’s most recently published book to help kids learn about investing and why she decided to write it, We cover the the beauty of compounding and how kids can use the luxury of time to their advantage. We debunk some investing myths and talk about the most important message for kids about investing. We learn options that kids have to invest in and how it depends on your risk profile and how we can take advantage of the lazy way of investing to achieve our goals.
We debunk investing jargon, and discuss investing goals we should be teaching our kids, both short and long term. We cover tips that parents can use to set kids up for financial success, including age appropriate activities you can do with your kids to teach and encourage them to invest.
And we close with how parents should install the right money mindset in our kids from an early age, including how we should be aware of our money mindset and ensuring we don’t pass on our mindset to them, if it doesn’t serve them.
Show notes and more at:
https://moneydadpodcast.com/session051
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050. Today’s guest is Brian Page. We discuss money lessons Brian received during childhood, why he is passionate about teaching personal finance to kids, and challenges he faced as a teacher talking about money in the classroom. We discuss important money skills we should be emphasizing and how and when to create environments that parents can teach values through money lessons. We discuss how to create financial incentives and lessons around back to school shopping, helping kids appreciate what they have and the importance of meeting kids where they are in their financial literacy journey.
We discuss why he founded Modern Husbands and what is his mission with building the Modern Husbands community. Plus how to effectively have money conversations between spouses, who grew up with different money stories and how to set up systems that make good habits automatic and bad habits harder.
Show notes and more at:
https://moneydadpodcast.com/session050
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049. Today’s guests are Aziz and Mariyah Kaderbhai. We discuss their “More To Give” initiative, which they started and implemented in every part of their business. They give back not only dollars, but also give back generously with their time. They have a launched a free program called Beyond Success that delivers financial literacy education, targeting kids in schools that are most in need.
We talk about their investing journey, how it has evolved while they continue to work full-time, and the importance of building a team. We share how we have gotten our kids discussing or involved in our real estate. We talk about their partnership with Canada’s first education bank and the financial literacy workshops they run for them.
Show notes and more at:
https://moneydadpodcast.com/session049
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048. Today’s guests are Anthony DeGazon and Mark Molder. We discuss how kids can turn their understanding of how the banking system works and how our money system is broken into a superpower. We learn about Mark’s path into how he became a teacher and Anthony’s path and niche as a real estate investor. We delve into the real importance of holding hard assets like real estate, gold or bitcoin to get ahead and avoid falling behind. We discuss what you can do to retain your purchasing power, especially in these times, where inflation is eating away at it. We discuss their Financial Literacy Course for Teens that they are offering, along with the Mastermind classes.
Show notes and more at:
https://moneydadpodcast.com/session048
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047. Today’s guest is John Crane. We discuss his journey into the financial services space. What inspired him to write this book, and how cashflow management is the #1 determinant of long term financial success or failure. John outlines why traditional budgets fail and the simplicity behind the concept of The One-Number budget. We dive into how we can use the one-number budget concept to help their kids learn to put aside money for their future self
We discuss the the common mindset of families who are successful in ensuring their children are developing the right financial skills around money, the college conversation you need to prepare for in advance and one of the greatest gifts we can give our kids.
John outlines what financial vampires are and how to avoid them, how consumer debt gives us the illusion of choice. And we close with what lifetime cashflow management is and why it is important for people to think about this.
Show notes and more at:
https://moneydadpodcast.com/session047
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046. Today’s guest is Kristin Keffeler. Kristin talks about her experiences as the daughter of wealth-creating parents, including her story of receiving a new sports car as a gift from her father, and the confusing feelings she began to experience. She details who her book is written for, the 4 common hidden tripwires that can really get in the way of people growing up in affluent families and the 4 types of inner and outer clutter that inhibits the ability of the rising generation to grow.
Kristin discusses the most effective ways to clear away clutter in our lives, including the inner work that must be done plus actionable strategies in bringing awareness to clearing away clutter, most specifically money clutter. She outlines when wealth can turn from being a benefit to a detriment in our children’s lives, how parents can build valuable character traits in their children and develop their skills around grit and growth mindset, and how to parent based on values and based on a family culture parents are trying to create.
We close with tangible and actionable tips that parents can integrate into their interactions with their kids to develop those traits and why celebrating the journey and effort from your kids is important, rather than results.
Show notes and more at:
https://moneydadpodcast.com/session046
045. Today’s guest is Will Hoffman. Will talks about his journey as a financial advisor. How he developed his passion for helping clients make money and financial info make sense. He details why it is important to work with an independent financial advisor. Will gets into the best ways to prepare Next Gen to be stewards of family wealth, and the importance of talking to your kids about the mistakes you have made.
Will covers best practices on clients’ who are doing a great job of preparing their kids to take over the wealth and how our financial habits influence the habits develop and change the trajectory of your life. We get into the experience he gained when his grandfather passed away, why it is important to involve your kids, and why it ultimately made him a better financial advisor.
Will also breaks down the unique challenges that Gen Xers face as the sandwich generation.
Show notes and more at:
https://moneydadpodcast.com/session045
044. Today’s guest is Jay Gabrani. Jay talks about his ups and downs as it related to his journey around real estate investing. We talk about the heartbreak of the loss of his wife, and how his real estate portfolio provided him a buffer to get through that tragedy. Jay shares some strategies on what fathers, and really, any parents should be doing to help secure their family’s financial future. We also dive into key money skills that we should be teaching our children and why it is so important. Jay uses the analogy of comparing money to railroad tracks - one track is the income track, while the other track is the wealth track, and that we need to be teaching our kids that everyday, they should be operating on both sides of that track.
Jay has 3 kids, all in the teenage years. So we get into practical strategies on how we can help our kids and teens become financially responsible adults. And Jay shares some really great tips on teaching our kids about making and investing money.
Show notes and more at:
https://moneydadpodcast.com/session044
043. Today’s guest is Randy Molland. Randy discusses the power of masterminds - ones he has been a part of as well as ones he has started. He talks about his real estate investing journey and how he came away from it initially unfufilled. He discusses the powerful idea of inspiring people with their goals of going big with their dreams, in order to give bigger with their profits.
We discuss how anyone, including entrepreneurs, can start incorporating more giving in their lives, being intentional with allocating dollars, regardless of amount. We dive into how parents can ensure their kids absorb the message around giving, and strategies for inspiring kids to give and normalizing the act of giving.
We touch on the “More To Give” initiative that Randy is on the Advisory team for and what the program is designed to help kids learn.
Show notes and more at:
https://moneydadpodcast.com/session043
042. Today’s guest is Amanda Nitti. Amanda discusses her classroom economy system and how it teaches vital financial literacy skills to her students in a fun, engaging way. She discusses how she gets buy-in from her students on the types of jobs in the classroom and how her students must apply for jobs in the classroom.
She also highlights the value of entrepreneurship as part of this system through the idea of the Class Market. We discuss the importance of tracking your cash inflows and outflows in making spending decisions and budgeting and the fun and entertaining way she teaches needs vs wants.
We also discuss non-financial and vital values that students are learning, rewards and items that can be purchased using “Nitti Bucks” and the importance of keeping kids accountable and how we can ensure kids are making informed decisions about their money.
Show notes and more at:
https://moneydadpodcast.com/session042
041. Today’s guests are Doug Nordman and Carol Pittner, a father/daughter duo who provide interesting and contrasting perspectives on raising money savvy families. Doug and his daughter Carol talk the importance of teaching delayed gratification skills to kids. They discuss the concepts and ideas around ’20 minutes per day’ ‘The one special thing’, the ‘Bank of Carol Certificate Deposit System’, and the Kid 401(k), all ideas used while Carol was growing up.
Doug and Carol talk about how kids best learn about spending decisions through making bad choices and allowing kids to make mistakes early to prevent larger ones later one. We discuss the progression of allowing Carol to order food from a young age to teach her critical money handling skills and responsibility. We review the importance of paying a regular allowance as a money management tool, without making it contingent on good behaviour.
We discuss how introducing financial incentives and profit sharing for kids can provide kids with ways to earn money, while providing increased amounts of responsibility and freedom. And lastly, the importance of thinking about the entire lifecycle of an item, when making purchase and spending decisions.
Show notes and more at:
https://moneydadpodcast.com/session041
040. Today’s guest is Melanie Robinson. Melanie discusses what having a positive healthy money mindset really means and the importance of examining ourselves internally in how we think and speak about money, instead of focusing on what we are externally teaching our kids about money. She discusses strategies on how we can develop or shift our mindset about money.
We discuss the importance of finding examples of people doing the things you do not believe are possible in shattering limiting beliefs. And how surrounding yourself with other people looking to grow as well as accountability partners can elevate your mindset. We review strategies on how to choose your state and taking charge of everyday interactions, and what we can do to better regulate our emotions around money. We discuss the importance of staying present and paying attention to how we are feeling to help manage our states.
And finally, we review the main limiting beliefs around money and how to unlearn these limiting beliefs and install more empowering beliefs instead. Melanie also reviews her motivation in building her real estate portfolio of 90 doors.
Show notes and more at:
https://moneydadpodcast.com/session040
039. Today’s guest is Lacey Filipich. Lacey discusses how her late mom was a huge influence and support in developing the strong financial habits that she carries with her to this day. We talk about Lacey’s kidpreneur phase when she ran a business as a child as well as how she bought her first real estate property when she was only 19 years old.
We discuss why teaching our kids about money is so important because if they don’t feel financially secure, chances are they are going to make worse decisions in other aspects of their lives. Lacey gets into what we as parents can do to teach our kids to not only manage their money, but also to grow their wealth. And she covers the importance of ensuring our kids identify opportunities to earn money and to be able to develop their negotiation skills. We cover a lot of ground including the Money School and the Maker Kids Club she founded to teach children money skills through enterprise, as well as her book Money School, that provides a way for people to reach FI and be time rich.
Show notes and more at:
https://moneydadpodcast.com/session039
038. Today’s guest is Andy Seth. Andy talks about his entrepreneurial journey, from his humble beginnings living in a motel during the first fourteen years of his life, to building nine successful businesses. He talks about his mentality and focus on the pursuit of making money, and when he realized it was an empty pursuit, and the healing process he went through to remove his false beliefs about money.
We discuss his apprenticeship experience with a successful small business owner at the age of 11 and how the FLOW marketing apprenticeship program started off, bringing in 18-24 yrs low-income youth to train them in skills to be productive.
We dive into the four reasons why parents should be teaching their kids to sell, instead of selling for them and how sales is one of the most valuable skills you can earn or acquire. We get into the 3 key sales tactics parents can use to teach our kids, and why relationships are so important when selling and how you can build trust by teaching your kids how to build relationships with intention.
Show notes and more at:
https://moneydadpodcast.com/session038
037. Today’s guest is Chrissy Kay. Chrissy and her husband both retired in 2021. They were both able to reach FIRE on 1 income, and 2 kids, in a high cost of living city like Vancouver, BC. She shares what piqued her initial interest in her pursuit of FI and how the reality has matched her expectations.
She definitely shares her insightful wisdom on her journey. But also loves to help parents raise kids to be money savvy, and goes over some key things we should do to build good strong money habits in our kids like modelling good behaviours. We also get into some really nitty gritty tactical strategies that you can take away and implement in your own lives, because that his what this is show is for. Details like pros and cons of opening up different type of savings accounts. We cover how to setup an informal trust accounts you can use to help your kids invest, and how Chrissy herself was able to turbocharge her asset base and shave years off her path to FIRE.
Show notes and more at:
https://moneydadpodcast.com/session037
036. Today’s guest is Rishi Vamdatt. We get how Rishi first got interested in personal finance when he was only 6 years old, and why he was drawn toward learning more about it. He talks about why he creates content to help kids and beginners, and the top reasons why it is important to have kids learn about personal finance from a young age. He digs into key personal finance concepts that kids and beginners should absolutely be learning about and how they should be putting these concepts into action.
We discuss how Rishi has been able to put these concepts to his own life, including starting investing at seven years old. We cover the common misconceptions that kids (and adults) have about investing. And talk about how parents can foster the importance of having their kids invest at a young age and develop their kids’ mindset around investing at a young age.
Show notes and more at:
https://moneydadpodcast.com/session036
035. Today’s guest is Monica Scudieri. We get into how she ended up taking on $257,000 in debt after the divorce and the struggles she faced as a single mom, with two young children and being unemployed. We discuss the creative ways Monica found in making money to survive, and how she was able to survive those first five years post-divorce.
We dive into how she was able to use a home equity line of credit to buy rental properties and use real estate as her path toward financial independence.
We discuss the importance of having conversations about money with her kids and communication of values and needs vs. wants . Monica talks about the challenges of co-parenting the kids with her ex-husband, including her rule and attitudes toward speaking out about the other parent with the kids and how being a child of divorce can influence your money mindset. We also discuss what inspired her to write her book, Grab Your Slice of Financial Independence and the key messages Monica wants readers to take away from the book.
Show notes and more at:
https://moneydadpodcast.com/session035
034. Today’s guest is Jamie Bosse. We get into her backstory including how her parent’s bankruptcy in college influenced her decision to become a financial planner. We talk about why money is still a taboo subject and why parents are uncomfortable talking about money. We review money scripts we may be passing on consciously or unconsciously to our kids and some of the common money mistakes that she has seen her clients make.
We discuss the #1 mistake that parents make about teaching their kids about money as well as the biggest mistakes that young parents make with their own financial situation. Jamie discusses strategies that young parents should be taking to be the boss of their own financial future including why right NOW is the best time to invest money in the stock market.
We also discuss what inspired Jamie to write her children’s book series, Milton The Money Savvy Pup and get into detail about financial concepts that parents should be discussing with their kids at various ages (3-5 yrs old, 6-10 yrs old, 11-13 and 14-18 yrs old), to help them be the boss of their financial future.
Show notes and more at:
https://moneydadpodcast.com/session034
033. Today’s guest is Nick Loper. We get into Nick’s entrepreneurial journey and early childhood business ventures, including the business venture really hit him with the entrepreneurial bug in college. We get into his first side hustle after landing a full-time corporate job after college and how he started the Side Hustle Show podcast almost out of peer pressure.
We discuss the benefits to having a side hustle in the first place (obviously other than the extra money!), and the main benefits really of having our kids start side hustles…because you can be never be too young to start one. We spend a good chunk of time talking about the best or easiest side hustles that we should consider introducing our kids to, so that they can get started today.
We talk about why Nick decided to write the $1,000 100 Ways book last year to showcase creative work within his community and the challenges he had in putting it together. And he talks about some of his favourite side hustles from putting together that book. We discuss the misconceptions people have in starting their own side hustle and if you yourself are struggling for ideas on what side hustle to start, he provides a simple way for people to come up with business ideas.
Show notes and more at:
https://moneydadpodcast.com/session033
032. Today’s guest is David Edey. David is a Certified Executor Advisor and author of The Executor Help book. He opens up about his own estate nightmare that he dealt with when his parents passed, and why he decided to write his book to help others. We discuss the challenges and struggles he faced with settling his parents estate and cover mistakes that he as well as his parents made. We discuss what is an estate plan, and the reasons why everyone should have one, as it is not just for the rich or wealthy. We talk about how digital assets form part of the estate plan.
We dive into what factors we, as parents, should consider when selecting an executor for our estate, and when it makes sense to consider obtaining a professional third-party. We discuss the importance of involving our kids in conversations about our estate. And the critical importance of having an up-to-date will, especially to make sure we have a say as to who is raising our kids, in the event something happens to us.
We also cover practical tips on what we can do to make it easier on our executors, while we are still here, and talk about some of the key professionals an executor may need to engage to settle the estate.
Show notes and more at:
https://moneydadpodcast.com/session032
031. Today’s guest is Michael Gilmore. Michael is the Founder of the Money Awareness and Inclusion Awards, which celebrate the important work being done around the world to help people understand money better. He is also an author, having authored three books under the pen name “The Seven Dollar Millionnaire”, with his latest book titled “The Little Book of Zen Money”. $7 dollars is the smallest amount of money you can save and invest each day to become a millionaire in your lifetime. He discusses his origin story of when he started working in financial literacy and how he used that anger to fuel his passion. He dives into what motivated him to write his first book for his 17-year old daughter as she was getting ready to go away for school. He reviews the financial freedom formula that provides the 7 simple steps kids can follow to achieve financial freedom.
We get into how understanding money is like a pathway and that once you are on the path, it is pretty straightforward. And how money can be very simple to learn and that we don’t need to overcomplicate things. We discuss what inspired Michael to write his latest book “The Little Book of Zen Money”, and how being Zen with money is not about avoidance; rather, it is about seeing reality directly and facing it head on.
We discuss the importance of tracking your spending. And finally, why it is important to create more awareness of financial literacy projects around the world and celebrate them through the MAIAs.
Show notes and more at:
https://moneydadpodcast.com/session031
030. Today’s guest is David Delisle. He talks about why it’s important to normalize conversations about money with our kids and we discuss what inspired him to write his graphic novel, The Golden Quest. The book is a very fun way for kids to learn about money. Its been described as “Rich Dad Poor Dad meets Calvin & Hobbes” and it’s such a great book that is beautifully illustrated. David talks about the importance of having our children develop strong financial habits, which helps to avoid getting caught up in a lot of the noise that is out there. He digs into how we should help our children understand what is important to them, or their “why”. And this can help our kids pause and reflect and be mindful of their spending choices.
He covers the four golden rules of money, and emphasizes the importance of having our kids develop strong financial habits. We also get into what parents should be doing to help their kids invest, and the actions parents should take to get more comfortable talking and learning about money, especially when they don’t consider themselves experts.
Show notes and more at:
https://moneydadpodcast.com/session030
029. Today’s guest is Andy Tran. We get into how Andy got started on his journey with helping people create secondary suites and garden suites. We talk about what it really means to create legal secondary suites. We talk about what garden suites are, why they are becoming more popular, and how it is a housing option with many different strategies suitable for different demographics including empty nestors, parents with aging parents, and parents with young adult children.
This can be an amazing house hacking strategy that parents can use to have our young adult kids live in these garden suites, which are essentially built in the backyard of our principal residence. And it is a way to help our young adult kids get ahead, allowing them to build their savings for a downpayment on a house or use those savings to invest.
Andy dives into the process of how to create a garden suite, typical sizes/sq footage of these units, timelines it normally takes, typical budget of how much you should plan to spend to build one and how homeowners are typically financing these today to build these out.
Show notes and more at:
https://moneydadpodcast.com/session029
028. Today’s guest is Clifton Corbin. Clifton talks about his journey including important money lessons that he learned from his parents, but also talks about the struggles he had running up credit card debt and going through a debt spiral in university. We talk about how his journey inspired him to write his own book “Your Kids, Their Money” to help parents teach their kids about money and avoid the pitfalls he went through. If you are a parent of little children, we discuss strategies you can use to teach in a fun and enjoyable way. We discuss the importance of giving our kids the opportunity to practice good money habits. One of the ways they can practice is through the use of an allowance, and Clifton talks about the do’s and don’ts of this approach, if you decide you want to go this route. And we discuss the most important thing that we must remember to do, in combination with the practice we give our kids.
We also dive into how we can use storytelling to teach lessons to our kids. We go over an unconventional strategy that Clifton uses of lending money to his kids. And we end with the best ways that we can teach our kids about earning money.
Show notes and more at:
https://moneydadpodcast.com/session028
027. Today’s guest is Cherry Chan. Cherry talks about her journey as an entrepreneur and how she helps everyday, hardworking Canadians like you and me achieve financial freedom.
We talk about when and how we can pay our kids an income, while also having it deductible for us parents for tax purposes. This is a win/win situation where kids win because they can earn money to use as a tool to spend, save, invest and give. And we as parents win because we can deduct it for tax purposes, so it saves us money. It doesn’t apply to everyone and it can get a little technical, but Cherry does a great job breaking down the rules we need to follow to ensure we stay onside with the tax authorities.
We talk about how Cherry involves her kids in her business to teach them about money and we also get into an advanced income tax splitting strategy that could allow income in the hands of the kids to be tax free, up to $35,000 per child. Lastly, we talk about the upcoming Wealth Hacker Conference in Toronto that Cherry and her husband are holding this November 12th to share strategies on building and protecting wealth and income and best practices around achieving financial freedom.
Show notes and more at:
https://moneydadpodcast.com/session027
026. Today’s guests are Annie Shoen and Nicolle Hood. We talk about smart money habits that parents should be teaching their kids, including the habit of what they call “learning to earn”, as well as rules of thumb around budgeting. We talk about how we can best teach our kids to be smart consumers. And how we as parents can create a supportive environment to encourage our kids to make money mistakes.
We also get into the features of the app, and discuss how they developed it with science in mind. They have a lot of innovative features including the use of puzzles to teach delayed gratification, as well as community leader boards.
Show notes and more at:
https://moneydadpodcast.com/session026
025. Today’s guest is Maya Corbic. We get into the main challenges and opportunities in engaging Generation Z in learning about money, how engaging our kids with games can be very effective in teaching about money, why transferring money management and purchasing decisions to our kids is so important as well as key financial concepts that every child should learn before the age of 18.
We dive into the importance of showing our kids the importance of having multiple income streams and that they have the power to create money. We talk about house hacking, entrepreneurship, and investing as well as looking at our own limiting beliefs and focusing on what money mindset and beliefs we should be fostering in our kids.
Show notes and more at:
https://moneydadpodcast.com/session025
024. Today’s guest is Kelly Iannone. We get into the responsible money habits and strategies that she learned from her parents growing up. We dive into their plan of how her family was able to live off Kelly’s income, while using strategies to divert her husband’s income to savings and investing. We talk about how Kelly decided that investing in real estate, especially through multi-family rentals, was the path to accelerating their passive income and goal towards financial independence.
We also talk about how she exposes her two young kids to real estate and teaches them money concepts using real estate as a tool. The various money lessons she teaches her kids about saving, investing, spending. And how it is so important to be open and intentional about money with our kids.
Show notes and more at:
https://moneydadpodcast.com/session024
023. Today’s guest is Alissa Maizes. We talk about what led Alissa to pursue a change in career as a financial planner, after a career spent helping not-for-profits raise millions of dollars. We discuss some great strategies and solid examples of how parents can develop their kids mindset around giving and helping others. Alissa covers how parents can develop their kids mindset around gratitude. She also dives into strategies of how we can help kids build long-term savings, including a matching strategy to incentivize our kids to save. We discuss strategies on what parents can do to teach their kids about financial self-confidence and control.
We also dive into the importance of being intentional, open and honest about money with our kids, especially during more difficult times. We get into how teaching our kids to invest can amplify their wealth, including how mutual funds or exchange-traded funds can be a better choice. And we review what it really means to be a fee-only fiduciary and the benefits of working with one, when reviewing our own financial plans.
Show notes and more at:
https://moneydadpodcast.com/session023
022. Today’s guest is James Fletcher. We talk about how James combined his love of investing and his love of international cultures into what he does full-time, which is manage his $100M emerging market fund he founded. We discuss what inspired James to start Young Investors Society (YIS), and how their reach now extends into over 1400 schools and 59 countries. James talks about the emphasis on teaching a long-term approach to investing and how rewarding the process, rather than the outcome, is most effective at teaching these kids.
We discuss the importance of YIS providing resources to underprivileged communities. And how YIS emphasizes and incentivizes building good habits to ensure that kids actually put in practice the concepts they are learning about. We discuss several of YIS programs including the Dollar-a-day initiative, Money Skills Bootcamps and the Stock Pitch Competition. James discusses the concept of the Million-dollar-decision and the tremendous power of how encouraging our teens to invest early would result in $1M more in their retirement account. We discuss how we, as parents, can foster the importance of investing at a young age and how to develop their mindset around investing early. James talks about the number one lesson that he has learned over the years and the key takeaway for us as parents. We dive into benefits that teens receive in earning the designation that YIS has developed. We cover how YIS measures their impact in the community. And we get into several actionable strategies that we, as parents, should focus on in terms of teaching our kids about money. And how we can foster resilience within our children.
Show notes and more at:
https://moneydadpodcast.com/session022
021. Today’s guest is Andrew Hallam. We talk about money lessons Andrew experienced growing up, including the importance of learning to earn. He goes into the number one key he used to build his million dollar portfolio by his late 30’s on a teacher’s salary. Andrew now travels the world and talks about the observations during those travel experiences with his wife, including how plenty of conventionally successful people appeared less satisfied than those who did not achieve the same levels of money or career advancement. He provides a 4-part framework on how we should redefine success. He also gets into the opportunity cost of spending, including an example of how picking up a daily Starbucks coffee on your way to work could represent a $1 million dollar decision. We discuss the importance of developing awareness around our spending to ensure it is in alignment with our values. And how we should look a longer lens of time like 30 years when developing realistic expectations around expected investment returns.
We next talk about what parents can do to set their kids up for success including splitting up an allowance into 3 different categories. And how allocating allowance this way can teach delayed gratification skills. We also dive into the main benefits of assigning chores to kids and how chores actually might be a predictor of whether your children are successful. We review the strategies Andrew himself used in teaching young people about personal finance in allowing self-discovery, rather then telling them what to do. And we finish with a discussion into the research around whether parents should pay for their children’s post-secondary education and how that can be a predictor of success in the child.
Show notes and more at:
https://moneydadpodcast.com/session021
020. Today’s guest is Deborah McMillan. We get into the financially illiteracy problem that we have in today’s society. We talk about how the personal experiences with her daughter and father led her to start her own business teaching children about money. We discuss how parents may actually be the main barrier that is preventing kids from learning about money at a young age. We talk about giving an allowance that is not dependent on chores can be one of the principal strategies parents use to teach their kids about money at home. We cover what her number one goal is in teaching kids about money and how she makes it engaging.
We get into the programs that Knowledge Makes Cents offers and we talk about her hands-on program that my 7 year old son went through recently and some of the principles and concepts that he and other kids take away from these types of programs. We discuss how parents really need to be partners in helping their children follow through with executing plans after these programs, like helping to open up bank accounts or investment accounts.
We dive into the importance of installing positive thinking and having the right mindset and beliefs that parents should be reinforcing at home. And why we as parents have to be very careful about the words and messages we use with and in front of our kids, because this can lead to our kids developing negative associations with money and the unintended installation of limiting beliefs in our children. We get into strategies that parents can use to get around the challenge of how they can afford certain spending expenditures and the importance of encouraging creative financial thinking among children. We end with healthy conversations we should be having with our kids around money and how teaching the value of money and relating how they earn it with how much things costs could be one the most important discussions you have with them.
Show notes and more at:
https://moneydadpodcast.com/session020
019. Today’s guest is Michelle Hung. We dive into how Michelle went from a career in investment banking and pivoted to being an author and becoming an entrepreneur and financial planner helping teach women and young adults how to invest. Michelle recently launched her second book “Investing for Teens”. We talk about the trouble Michelle faced in university with her spending habits, and we talk about some of the biggest issues that teens/young adults face, including the importance of credit card management. We get into the mindset of how teens should be viewing the current downturn in the stock market, and we discuss why she is not keen on investing in bonds. We dive into the importance of investing in equities, and the mindset you need to prevent yourself from panic selling.
We get into the risk vs reward principle, and the importance of adopting a long-term mindset when investing. We get into why leaving your money in a savings account designed for long-term investing is a waste and lost opportunity. We talk about flaws in the current banking system including how risk is assessed. We also get into the types of custodial accounts available for teens in the US, and get into options available in Canada. And we end with the biggest pieces of advice she would give to herself as a teen, that you’ll definitely want to pay attention to, especially if you raising a teenager.
Show notes and more at:
https://moneydadpodcast.com/session019
018. Today’s guest is Jabbar Adesada. Jabbar has an incredible and inspirational story, overcoming tremendous adversity from childhood, and was only 19 years old when he purchased his first real estate rental property. Jabbar talks about joining the military at 17 years old and the inspiration he received to pursue financial independence. Jabbar started investing in stocks at 18, but pivoted to real estate by 19. Jabbar and I talk about the importance of community and surrounding yourself with other like-minded young adults in pursuit of similar goals. We talk about the adversity Jabbar went through in trying to purchase his first rental at 19 years old, and how he overcame rejection and countless people doubting him. We dig into how he house hacked that first property, and we talk about what systems and processes he has put in place and his mindset on being able to not only figure things out, but his incredible gift of building relationships with others that he can turn too for support.
We then dive into how Jabbar is supercharging his passive income through owning and managing short-term vacation rentals, and how he was able to purchase it with no money. We get into the lessons Jabbar has taken away from involved in these short-term rentals, including the technology and systems he uses to automate processes, especially since he continues to work full-time in the Marines. Jabbar set a goal to achieve $10,000/mth in passive income by 30 years old, and has almost already reached that at the young age of 20 years old. We get into advice and strategies that Jabbar would give young adults or parents of young adults on how they can get started with real estate, the common misconceptions people have, and the importance of prioritizing investing for young kids and young adults.
Show notes and more at:
https://moneydadpodcast.com/session018
017. Today’s guest is Robert Farrington. Robert and I talk about his passion and early interest in personal finance and investing, including what inspired him to start The College Investor to help millennials start long-term investing and get out of student loan debt. We talk about why Robert is a big believer in the ROI approach to college. And we get into the struggles for millennials to find balance as the sandwich generation, with aging parents and young children, juggling between competing financial priorities in their lives.
We next dive into the world of cryptocurrencies, blockchain and NFTs to gain a deeper understanding of their purpose, use cases, and analogies of how you can think about them. We talk about why Robert views crypto as a currency, rather than as in investment. But at the same time, we talk about how crypto and NFTs can act as the onramp to getting our teens and young adult children excited and engaged about investing. We also dive into how our teenage kids should get started in investing and exploring many different asset classes, including crypto. And we get into why it actually may be better off in the long run to have small, manageable losses, rather than outsized gains. Finally, we talk about the ultimate benefits of having our teenagers and young adults invested, which is to help them build the habits and skills of saving/investing and tracking their investments.
Show notes and more at:
https://moneydadpodcast.com/session017
016. Today’s guest is Bobbi Rebell. Bobbi and I talk what inspired her to write her latest book “Launching Financial Grownups” and we get real about some of the challenges and struggles that she has had in raising her teenagers/young adult children as it relates to guiding them on making smart money decisions. We talk about why teen/young adult children are taking longer these days to become independent adults compared to generations ago.
We get into why parents are artificially propping up lifestyles for their young adult children and the unintended message parents send to their young adult children when they support them. And we talk about strategies on how we can avoid this. We discuss why it is important to have a clear exit strategy if your adult child is moving back home with you and how the pandemic impacted relationships between parents and their older kids. We dive into how being vulnerable and open about the money choices we as parents make can help teach kids about money. And we dig into strategies parents can use when talking to their grown kids about money, especially when they seem to think they know better. We also get into challenges that parents face in letting their adult children go from a financial dependence perspective, especially since these children are wrapped up in our identity.
Show notes and more at:
https://moneydadpodcast.com/session016
015. Today’s guest is Phia Zacour Phia and her husband Mike reached Financial Freedom and retired from their traditional jobs in their early 30’s with their two young kids. Phia and I talk about the reasons why they pursued financial freedom, but why the reality of financial freedom did not line up with their expectations when they first transitioned to early retirement. We discuss her childhood experiences and intentional lessons that Phia’s parents taught her and how she developed an early negative association with debt. We dive into why parents should let their kids fail early in order to lead to a growth mindset. We get into the financial and non-financial reasons why parents should not buy their kids a cell phone, including the missed learning opportunities you have in teaching them financial lessons if you buy it for them. We talk about why kids should manage their own screentime and ideas on how to implement a non-monetary token system to help teach them self-discipline, budgeting and responsibility. We review strategies to teach kids as young as 2 years old the ability to delay gratification and why family meetings are Phia’s favourite way to teach kids to have an open dialogue about money. And we cover how calculating metrics such as cost per use allows kids to reflect on their spending decisions.
Show notes and more at:
https://moneydadpodcast.com/session015
014. Today’s guest is Sam X Renick. Sam and I talk about what inspired him to start getting the message out to kids about teaching them great money habits, and how he created the character Sammy Rabbit to be a platform for this message. We discuss the importance of habit formation around saving, spending, giving and earning. And we talk about why saving is the #1 money habit kids can learn and why the numerous benefits of developing that habit transcend the actual financial benefit or interest income that the kids would receive. We talk about how parents can use money scripts to develop positive associations around money with their kids. We talk about why we should give our money a purpose. We get into why we, as parents, are most qualified to teach our kids about money, even if we cannot role model everything that we want them to learn and that why it’s important to teach them when they are young to take advantage of that window of opportunity. We also cover why habits are so powerful and why they are predictive in helping our kids succeed.
Show notes and more at:
https://moneydadpodcast.com/session014
013. Today’s guest is Dani Mendonsa. Dani and I talk about some of early childhood lessons Dani’s parents taught her about money as well as how a sports injury caused Dani to pivot and get involved in the teaching profession. Dani’s done some outstanding work helping to co-create the ChooseFI financial literacy curriculum from the ground up where she served as the co-curriculum lead for the K-Gr5 writing team. We talk about why it was critical to integrate elements of financial independence (FI) into the ChooseFI financial literacy curriculum. We also talk about the Passport to FI, a fun activity for kids to collect stamps and actively learn how to get on the path to FI. We also dive into the themes around the series of books she recently authored for 7-10 yr old kids to bring money concepts to life including meal preparation, budgeting, entrepreneurship, buying new vs used, and vacations to name a few. And we cover why it is important to have kids involved in these processes and decisions and how it develops ownership and makes it more memorable.
Show notes and more at:
https://moneydadpodcast.com/session013
012. Today’s guest is Erwin Szeto. Erwin and I talk about early childhood lessons about money his dad taught him, how his personal investment in real estate got started and why he decided to concentrate his efforts on helping investors building their portfolios. We get into how he gets his kids involved as a real estate investor and what motivated him to use real estate as a way to fund his children’s future post-secondary education needs. We talk about how he gets his kids involved in the charity that he started with his wife Cherry Chan, called the Hamilton Basket Brigade and how helping out with the charity teach his kids about the importance of giving. We get into what Erwin’s superpower is and how he uses it to help those in need. We dive into his motivation to starting the Stock Hacker Academy that teaches everyday people to build wealth through trading stock options and something that young adults or even your teenagers can get started with. And lastly, we talk about his upcoming Wealth Hacker Conference in Toronto that he and his wife are holding on November 12 of this year to share strategies on building and protecting wealth and income and best practices around achieving financial freedom.
Show notes and more at:
https://moneydadpodcast.com/session012
011. Today’s guest is Dan Sheeks. We chat about why financial literacy and personal finance is not a focus in the public school system. We talk about what financial independence looks like and how your teenager can achieve early financial independence as a viable option to the typical working 9-5, until 65 grind. We learn about the strategies that Dan uses as a teacher to help teens learn about personal finance and the benefits of parents working through these concepts alongside their teenager. We get into the 4 main mechanisms to achieve early FI and specific strategies and tactics teens can employ under each of those mechanisms. Dan is also a seasoned real estate investor, and we talk into real estate, and how kids as young as 19 years old can get into real estate and use this to their advantage to achieving early financial independence.
Show notes and more at:
https://moneydadpodcast.com/session011
010. Today’s guest is Anne-Lyse Wealth. We chat about how reaching Coast FIRE allowed her to take more risks and inspired her to become a financial literacy educator. We discuss the concept of generational wealth - what it is, why it is much more than monetary assets. We chat about why financial education is so critical to ensuring monetary wealth is not lost by future generations, and examples of how parents should be teaching their kids. We talk about ways parents can build generational wealth and steps on how to pass it along including having an estate plan. We also talk about the benefits of passing down assets to your children while you are still alive and what age might be the best time to do so.
Show notes and more at:
https://moneydadpodcast.com/session010
009. Today’s guest is Eileen Joy. We chat about how she went from rock bottom, bankrupt and broke to now totally debt free and on track to retire early. We discuss the weekly money conversations she has with her son and how she uses an allowance as a financial learning tool to teach him about spending, giving, saving and earning, We talk about the investment account she has opened up for her son, and we get into the common limiting money beliefs she sees from clients in her money coaching business.
Show notes and more at:
https://moneydadpodcast.com/session009
008. Today’s guest is Khanh Vuong. We chat about his journey into becoming a teacher. We discuss how he created his Brainbucks currency and token economy system to teach financial literacy in the classroom. We talk about the lessons his students learn, the benefits of using Brainbucks, how it provides an opportunity to make mistakes in a low-risk classroom environment, and how it creates an opportunity for teachable moments.
Show notes and more at:
https://moneydadpodcast.com/session008
007. Today’s guest is Will Rainey. We discuss the key themes and analogies that he uses in both his published Grandpa’s Fortune Fables book as well as his blog, and how these stories and analogies can be shared with kids to make it engaging, fun and memorable to learn about money concepts and lessons. We talk about the 3 rules of wealth, dive into the rich vs. wealthy mindset, how the home you live in is not an asset, the lessons around investing and how to use the analogies to teach kids about risk and diversification.
006. Today’s guest is Pam Liyanage. Pam talks about the work she did facilitating in-class workshops on topics around financial literacy. We get into common financial problems young adults experience, and talk about how parents can address these issues in a proactive manner. We discuss the number one thing that kids should know about. We dive into the role of gamification in ensuring financial literacy skills and habits are taught and learned.
Show notes and more at:
https://moneydadpodcast.com/session006
005. Today’s guest is Mai Lee. Mai and I talk about money lessons she has passed on to her kids, especially as it pertains to investing in real estate. We talk about how she first became an accidental landlord and how she got involved with real estate on her own as well as with joint venture partners. We talk about how she first started using allowances to teach her kids about money, but evolved to use creative methods to talk about money concepts like compound interest and explain how buying a rental investment property worked to her kids. We get into how she used the GISS method to teach her kids about responsible financial management and we dive into how she gets her kids involved in their vacation rental home to show them creative ways to create wealth in real estate.
Show notes and more at:
https://moneydadpodcast.com/session005
004. Today’s guest is Rob Phelan. Rob and I talk about exposing preteens and teens to entrepreneurship to help develop invaluable life skills and lessons, regardless of whether they want to become an entrepreneur in the future. We talk about how Rob co-developed the ChooseFI Foundation Personal Finance Curriculum for kids through the lens of financial independence, as opposed to just basic financial literacy. And we get into this latest book he authored, and how it is designed to help young children learn words about money in order to encourage dialogue about money between young kids and their parents and remove money as a taboo subject.
Show notes and more at:
https://moneydadpodcast.com/session004
003. Today’s guest is Robin Taub. Robin and I talk about her latest book, The Wisest Investment.
Robin and I talk about why it is important for parents to make time to teach their kids about money. We discuss healthy habits of financial management that parents can model, why parents can struggle with spending and strategies to tracking our spending. We talk about the importance of understanding our values and why we should communicate these to our kids. And we get into practical strategies for teaching kids about money at different stages of childhood, from young children (5-8 yrs old) all the way to emerging adults (18+ yrs old) and how we can use teachable moments in our everyday lives to teach money lessons.
Show notes and more at:
https://moneydadpodcast.com/session003
002. Today’s guest is Hasina Lookman. On today’s show, I have a really interesting conversation with Hasina, who is dedicated towards empowering women & kids with financial literacy, investing and entrepreneurship skills through her company ExplorerHop.
Hasina and I talk about gender differences in the financial knowledge between young women and young men. We discuss how parents can empower young women through normalizing discussions around money. We go into the benefits of putting kids in control of their own finances. Hasina talks about why parents have to meet kids in their world to help them understand how money works and the role gamification plays in all of that. We talk about gaps in our education system around the world and why an understanding of economics and global economies will help kids learn about investing and why engaging them through the stock market can bring those concepts to life.
Show notes and more at:
https://moneydadpodcast.com/session002
001. Hello - I'm your host Justin Chung and I'm on a mission to help parents raise money-smart kids and create money-smart leaders of tomorrow!
I hope you enjoy my introductory episode as I chat about why I was inspired to start this podcast, who this is meant for, my origin story, why we are not spending enough time teaching or talking to our kids about money and how this podcast and community can be a source of knowledge and inspiration to create dialogue about money and finances between you and your kids.
I talk about my experience using real estate as a wealth creation tool and what you can expect from this weekly show including the types of guests who will be appearing. Show notes and more at:
https://moneydadpodcast.com/session001