Podcast Hack
Raising Financially Savvy KidsBy How to Money, Joel Larsgaard, Matt Altmix, Liz Frazier

In a Nutshell

In this October 2021 episode of the How to Money Podcast, financial planner Liz Frazier explains how to start teaching your kids about money early on.

Favorite Quote

Children need to understand that money is a neutral concept, it is just a tool for them — that's the most important thing when it comes to really having a foundation for financially healthy attitudes.

Liz Frazier

Introduction

Most parents do their best to teach their children how to be caring and responsible people.

We mention the importance of proper nutrition, exercise, empathy, and education, but when it comes to money, it tends to get tricky.

We want to make sure they have everything they need in life, but still worry about them learning the value of money.

In the How to Money podcast, hosts Matt Altmix and Joel Larsgaard discuss everyday financial problems and opportunities like budgeting, investing, and debt payoff, and provide useful tricks for overcoming financial uncertainty.

In this episode from October 2021, Altmix and Larsgaard talk to financial planner Liz Frazier about teaching children how to manage money.

Frazier explains the key points from her book, Beyond Piggy Banks and Lemonade Stands, and shares some of her own tricks for getting kids excited about saving and sharing money.

Here are the 3 key insights from this Hack

  1. 1.
    You don't need to be an expert to teach your kids financial management
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