CFO at Home
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16.Educating Kids about Money w/Keli Calderon of The Smart Money Academy

Keli Calderon is Owner of The Smart Money Academy, whose mission is to equip the next generation with the tools and know-how to care for themselves financially, and the wealth to make an impact on the world. Today on CFO at Home Keli and I discuss educating kids and teens about money, one phrase not to use with your kids about money, and more. 

  • Key Takeaways:
    • Smart Money Academy offers on-line classes and resources targeted towards Kids, Teens, and Parents. 
      • Kids
        • Ages 9-15
        • Half of class is game-based
        • Teaches concepts such as compound interest, assets and liabilities, appreciation and depreciation, and investing

  • Teens (extends to college and beyond)
    • All on-line, video based
    • Teaches concepts of earn, spend, and protect

      • Parents
        • Short mini-course geared to teach parents how to start their kids off well with money
          • Letting kids make “safe” money mistakes
          • Savings
          • Having honest conversations helps them to understand how much “real life” costs
    •   Phrase to not to say to your kids about money (from Smart Money Academy free guide)
      • MONEY IS OUT OF OUR CONTROL
        • Resist tendency to say “we can’t afford it” when in reality  we simply don’t want to buy something for our kids
        • Share family money struggles with your kids, but in a way that leaves them hopeful, not fearful 
  • Resources
    • TheSmartMoneyAcademy.com
    • The 5 Money Conversations to Have with Your Kids
    • The Latte Factor


  • Ways to contact/follow
  • TheSmartMoneyAcademy - Facebook
  • TheSmartMoneyAcademy - Instagram

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