Oct. 27, 2021

68. Empowering Kids Financially

68. Empowering Kids Financially

Marilyn Pinto is the founder of KFI Global, an education company that’s on a mission to equip more teens with the financial education skills they need to step up, play full out, and live life on their own terms. On this episode of CFO at Home,...

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Kids And Money

Marilyn Pinto is the founder of KFI Global, an education company that’s on a mission to equip more teens with the financial education skills they need to step up, play full out, and live life on their own terms. On this episode of CFO at Home, Marilyn and Vince discuss the importance of helping kids understand their money mindset, sharing your own money stories with your kids, kids and investing, and more.

Key Takeaways

  • Talk with your kids about the strategic parts of managing money(what they want for themselves, negative associations they have with money) 
  • Allow kids to get involved with family budgeting early (their birthday party, a family day out. etc). 
  • Giving a kid an allowance or letting them earn money  alone does not guarantee that they will become “money smart” 
  • Talk, don’t lecture your kids about money
  • Share (age appropriate) stories about your past experiences with money as well as current family money challenges
  • Kids should understand that investing is like the roof of your financial house. Focus on building a strong financial foundation and walls first   

Resources

Ways to contact/follow:

Contact the Host - vince@thecfoathome.com