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Money for Kids: 8 Habits & Mindsets to Set Them Up for Success - Part 1 | #17
Manage episode 481315991 series 3429462
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Start your kids off on the right foot! Open up a savings account for them with SoFi and also get up to $325 free using this link. I use SoFi myself for retirement accounts, my emergency fund, investing, and more, and I love it!
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Change everything with my resources that I custom-made for dads and families:
- Get my free budget spreadsheet here.
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Episode notes:
Set up your kids for personal finance success with these 8 tips, with more to come in next week's episode!
- Don't talk about money all the time
- If you have to say "no" to them about a purchase, explain why in terms of what spending now will mean for the future.
- That being a billionaire isn't important... family and friends are.
- Teach them to invest, the easy way.
- Save money for emergencies
- Don't save everything because you need to enjoy life.
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Free for you:
- My free Money For Dads Starter Kit, with 1) my amazing and simple budget template, 2) 11 money spending tips guaranteed to change your life, and 3) steps to collect unclaimed money in your name is also available at moneyfordads.com
- If you have a question you'd like to answer or discuss on a future podcast, submit it (by typing or recording a message for me) at www.moneyfordads.com/ask-a-question
- Free hourly wage and other calculators on my website, moneyfordads.com
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