Ep. 69 Personal Finance Lessons Every Child Must Know w/ Shelly Young

Mama Needs A Moment

English - July 12, 2023 10:47 - 32 minutes - 75 MB - ★★★★★ - 22 ratings
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Previous Episode: Ep. 68 Growing Tweens Confidence: Knowing Themselves and Sticking to Values w/ Becky Fife, Katie Parker and Allie Callister

Next Episode: Ep. 70 How to Crush Debt & Take Back Your Financial Power w/ Shelly Young

Shelly Young is one of the most approachable finance experts you will ever speak to. She is a certified Financial and Personal Development Coach, a homeschool mom of 4 and serial business owner, author, speaker, and co-owner of several restaurants with her husband in Columbia SC.

As a homeschool mom, Shelly went searching for financial resources for kids and couldn’t find many. So she created her own. Kid$ Finance Camp provides books, apps, resources for kids and teens to learn how to win with money! Shelly is the author of “How to Start Investing as a Kid or Teen”, and many other finance books for kids which you can find on Amazon or her website! Her new 6 book series on investing for younger kids will launch August 1st!

Shelly believes that winning with money is a process that takes time, commitment, consistency, positive mindset around money, discipline, and education. One of the biggest challenges when educating students is a lack of financial knowledge. Kids Finance Camp believes that once kids have the proper financial foundation, they will be in a position to start building wealth from an early age!

Today, in part one of our conversation with Shelly, we dive into the importance of mindset when it comes to money, why personal finances aren’t well taught in our school system, and what strategies you can start implementing today to teach your kids how to budget, save, invest and develop their financial literacy.

Our discussion today included:

The importance of mindset - in money and life.

Why personal finances aren’t well taught in our public schools.

The need to have conversations with kids about money starting at a young age.

Issues that will arise from the lack of retirement savings of baby boomers.

Strategies to teach finances to our children, at any age.

The power of chores and teaching kids about budgeting, saving, and investing.

Shelly’s top finance tools to use with kids.

The different lessons we need to teach based on whether our children are “savers” or “spenders”

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