Skip to site content
The Show

Father’s Day 2008: Teaching Children About Money

"Any man can be a father, but it takes a special person to be a Dad." – Anonymous

Since we celebrated Father’s Day this past weekend, I thought it’d be fun to discuss how parents can help their children grow up to be financially responsible adults. Building on the ideas of Clark Howard, Dave Ramsey, listen to the show as I discuss four big questions about children and money:

  1. When should you begin teaching your children about money?

  2. Should you pay an allowance and how much?

  3. When should you consider opening a savings account for your children?

  4. How can you encourage investing in your household?

The news of Tim Russert passing away hit me pretty hard. I really enjoyed Tim on NBC and felt a special kinship with him after reading his book, Big Russ & Me, a few years ago. The book shares a lot about the unique relationship he had with his father and remains to this day one of my favorites.

Bonus link:

J.D. at GetRichSlowly gets real personal as he shares a poignant letter from his late father. Great stuff — check it out.

Enjoy the Show?

Categories

Tags

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts for new episodes every Friday, live streams every Tuesday at 10am CT, and new highlight clips throughout the week.

Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Wealth Multiplier By Age

How much to save every month to become a millionaire.

View Resource

Car Buying Checklist

Here’s how to buy a dependable car that won’t break the bank.

View Resource

Articles

My Experience Using You Need a Budget (YNAB)

, ,

Read More

Can This Annuity DESTROY Your Retirement?

, ,

Read More

The IRS Just Changed the Rules About 401(k)s (What You Need to Know)

, ,

Read More

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-math.png

Know Your Number Course

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

maxresdefault 1

Why Everything You Know About the Rich Is WRONG!

Watch Now

Is It Ever Okay to Break the 20/3/8 Car Buying Rule?

Watch Now
maxresdefault 6

Secret Investing Strategies of the 1% (That Even YOU Can Do)

Watch Now