35. Build your kid’s financial literacy and simplify gift giving with Mike Fraietta of KidFolio

Mike Fraietta is the Founder and CEO of KidFolio, an app that allows you to contribute to an experience, help a child save for college, or teach financial literacy by gifting an investment. On this episode of CFO at Home, Mike and Vince discuss how KidFolio can simplify gift-giving to kids, the various ways the app can help build financial literacy, and more.

• Key Takeaways
• • Giving kids gifts like stock shares in companies that sell products they’re interested in (like Disney) can help them “connect the dots” between those companies and stock ownership, and help educate and fuel their interest investing
  • As trading apps gaining popularity, the need for educating kids about long-term investing continues to grow as well
  • Empowering kids to make their own (low stakes) purchasing choices with money teaches them financial skills that simply giving them gifts can’t. 

• Resources:
• • KidFolio.app
  • https://www.consumerfinance.gov/consumer-tools/money-as-you-grow/bookshelf/
  • https://twitter.com/pierre_rochard

• Ways to contact/follow
• • email: mike@kidfolio.app 
  • mike on twitter: https://twitter.com/mikefraietta
  • mike on linkedin: https://www.linkedin.com/in/fraietta