In this special Kids & Money summer series hosted by Sharesies co-founder Brooke Roberts, we tackle the often hard subject of ‘how to talk to your kids about money’. These conversations cover a range of topics from ways to keep kids (of various ages) interested, to lessons about investing that they can draw on throughout their life. Ultimately, we believe encouraging good habits with money from a young age will help create positive change in our community.
In the first episode, Ruth Henderson, AKA The Happy Saver, shares some of the lessons from her own family. She gets into the detail about pocket money. Explains what sinking funds are, and why it’s important to be honest when it comes to your own finances.
01:40 Introduction and personal journey into investing
05:00 The simple path to wealth - JL Collins
06:34 Teaching financial literacy to the next generation
09:50 Practical money lessons for kids 12:30 Teaching a teenager about investing
17:46 The impact of consistent investing
19:40 Giving ownership and trusting Your child with money
20:49 Saving and freparing for future expenses
23:30 Sinking fund definition
26:11 Pocket money questions
29:00 Recommended games for financial education
30:12 Reading materials
33:50 Conclusion
For more or to watch on youtube—check out http://linktr.ee/sharedlunch
Brought to you by Sharesies, with BusinessDesk.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.
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