Teach My Teen About Money

Today is a conversation about what we have learned so far on the Teach My Teen About Money podcast.We have greatly enjoyed getting to learn more about money and to talk to some fellow money nerds about different ways to approach personal finance.To visit the show notes for this episode, please visit https://yourmoneymom.com/podcast/.Thanks for listening!

This is a mini-episode to say there is no full episode of the Teach My Teen About Money podcast.Joseph & I recorded a wrap-up conversation about the interviews we have conducted so far. We have some additional interviews in the works, but wanted to talk about our lessons learned, what we enjoyed most about this process, and more.I haven't been able to edit that episode fully. But Tuesdays are when new episodes release, so here's a mini-episode to explain this. Look for that episode next week, and thanks again for listening!You can learn more about all the episodes at https://yourmoneymom.com/podcast/

This week, we talk with Jack Wang of Innovative Wealth Management. He's a  financial advisor who helps families do late-stage college planning, for those who have not planned in advance for college savings.Jack shares the questions that parents should be asking about where their kids might go to college, especially when it comes to paying for it.We also talk about money mistakes, whether you should pay cash for a car, some great low- and no-cost things to do with kids, and more.You can learn more about this episode at yourmoneymom.com/podcast

Do you have a mentor?On this episode, we talk with Claudia Valladares, a financial advisor and a blogger at Wise Dollar Mom.Claudia shared with us her journey from banking to financial services, and how finding a mentor and being teachable has helped her to grow as a person and as a professional.We also talk about her website Wise Dollar Mom, where she shares information for moms about saving money, paying off debt, investing, and more. You can learn more about this episode at yourmoneymom.com/podcastThanks for listening!

On this episode, we talk with Taylor Kovar, founder of Kovar Wealth Management, CEO of TheMoneyCouple, and co-host of the Millionaire Marriage podcast.Taylor share with us the five money personalities, and how knowing  yours can help you in all your relationships.We also talk about a great hack for starting a credit score as a baby—really, not kidding!; why sometimes you have to make your own money mistakes to learn; and more.You can learn more about this episode at yourmoneymom.com/podcast.Thanks for listening!

Should you give your kids a salary?On this episode, we talk with coach Rachel Murphy, author of the book “I Am Not Your ATM: A Practical Plan for Teaching Your Teen to Manage Money.”Rachel and her husband give each their five children a salary and expect them to take care of their own expenses. They don't do it all at once, but gradually, so by the time their kids leave the nest, they can manage their money well because they've been doing it all along.Rachel says it is great not only because it helps kids learn money management skills, but it also reduces stress around money between parents & kids. We also talk about meal planning, automating your financial life, and while saving is a top skill to learn as early as possible.

Is there anything you can't DIY?On this episode, we talk with Mindy Jensen. She's an author, real estate investor, and host of the podcast “The Bigger Pockets Money Show.”One of Mindy's top tips is to learn to DIY (do-it-yourself) as much as possible. Mindy says people shouldn't be afraid to DIY, whether it's in your own home or in a rental property. It can save money, time, and build your skills.We also talk about the important of spouses being on the same page when it comes to money, Mindy's biggest money mistake when she was the tender age of 22, and more.You can learn more at https://yourmoneymom.com/podcast/Thanks for listening!

Do you know what “social capital” is?On this episode, we talk with Rob Phelan, a serial entrepreneur, author, and teacher. He's founder of “The Simple Startup” to teach 10-18 year olds about entrepenuership, and he's and the author of the new book “M is for Money.” Rob shares with us that social capital— helping others and being there for your friends and colleagues, without expecting anything in return—is a great quality to cultivate.We also talk about money in relationships, what it's like to be a high school personal finance teacher, and more.You can learn more about this episode at yourmoneymom.com/podcastThanks for listening!

Welcome!My name is Nancy Piccione. I am a freelance writer and "money nerd"--my personal finance website is Your Money Mom. Here are some clips from the upcoming episodes of the "Teach My Teen About Money" podcast. This is the podcast project where we invite money "nerds" to talk about money with my college son Joseph ... and me. Let's get started!Check back for weekly episodes.You can visit the show notes for the podcast at https://yourmoneymom.com/podcast.