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.
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
- Ages 9-15
- Kids
- Smart Money Academy offers on-line classes and resources targeted towards Kids, Teens, and Parents.
- Teens (extends to college and beyond)
- All on-line, video based
- Teaches concepts of earn, spend, and protect
- All on-line, video based
- 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
- Letting kids make “safe” money mistakes
- Short mini-course geared to teach parents how to start their kids off well with money
- Parents
- 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
- Resist tendency to say “we can’t afford it” when in reality we simply don’t want to buy something for our kids
- MONEY IS OUT OF OUR CONTROL
- Resources
- Ways to contact/follow
- TheSmartMoneyAcademy - Facebook
- TheSmartMoneyAcademy - Instagram