Financial Literacy For Kids: Teaching Your Kids To Invest – Interview With John Lanza

Are you making these money mistakes with your kids?

What are the best ways to bring up the concept of saving and investing with your kids?

John Lanza joins us in this episode to talk about financial literacy for kids. He talks about topics such as, age-appropriate conversations about money, allowance, and how important it is to have your kids learn how to save up for a goal at an early age.

He talks about some of the basics that you should teach your kids are: needs vs wants, smart money choices, saving for goals, the importance of them making mistakes for themselves, charity, and why being thoughtful about money is important.

Additional topics John discusses on the show:

  • How you should teach your children to save for goals.
  • How do you introduce the concept of investing to your kids?
  • The best way to teach your kids about charity
  • Learn how your kids can pay themselves first with a spend smart jar.
  • Using physical cash vs. a digital allowance
  • What should your kids be financially responsible for,
  • The importance of autonomy

 

Then the panel discusses kids and investing.

 

Resources mentioned:

Drive – The Surprising Truth About What Motivates Us – Daniel Pink

The Century of Enslavement: The History of the Federal Reserve

 

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Today’s guest, John Lanza:

John is Chief Mammal, Creator of The Money Mammals and author of The Art of Allowance.

He is on a mission to help families raise money-smart, money-empowered kids so that they can live happier, more fulfilled lives.

Pick up The Art of Allowance kit or book at his website, https://themoneymammals.com

Today’s Panelists

Miranda Marquit | Planting Money Seeds

Jackie Beck | JackieBeck.com

Kirk Chisholm | Innovative Wealth

Tim Picciott | The Liberty Advisor

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