Your Guide To A Chaotic Money World

#030 Robert shares his dad probably taught him compound interest because he learned it the hard way, and being a stockbroker for the first part of his career, he wanted to share it. Robert also found a way to impart financial knowledge in his own kids as part of bringing them up. Robert appreciates that young people today are more interested in investment rather than compound debt, but he hopes that they understand that it takes patience and time not the idea of quick money every week.

For full show notes please go to Raising Financial Freedom

-       "You have to give that compounding time to work, you need to have some patience" 

-       "As a parent with kids, make sure you have life insurance"

-       "That period of time when you go from zero money to $100,000 is just as important as maybe later when you go from 1 million to 2 million"

In This Episode:

·         [01:58] Introducing our guest, Robert Schulz. 

·         [02:55] Why is compound interest not taught?

·         [05:09] What is the main point you would like people to get from your book: "Thoughts on things financial"?

·         [05:50] What are some of the things your father passed to you that kids aren't doing today?

·         [08:46] Robert shares methods he applies to teach kids about money. 

·         [011:34] At what age should a child start investing?

·         [011:50] When do you realize that you had a passion for Finance?

·         [14:35] Robert highlights certain points of frustration and pitfalls that stop people from succeeding. 

·         [18:46] How can a parent overcome their fears of talking about money with their kids? 

·         [18:54] Apart from a savings account, what can a parent do to start their child investing on the right path? 

·         [23:18] 3 gems from Robert's book.

·         [25:24] What is the one thing people don't realize about money?

·         [26:33] What resources would you recommend for parents to learn about money and pass on to their children?

·         [27:32] How life could be one of the bad guys in a room.

·         [28:46] What are your thoughts on starting a Roth IRA for your kids?

·         [29:55] How to contact Robert

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