The Wealth Without Wall Street Podcast How to Teach Teenagers About Money, Business, and Passive Income
What if you could teach your teenagers to build passive income before they even finish high school? In this episode, Russ and Joey dive into the powerful lessons they’re teaching their kids about money, business, and passive income. As parents and entrepreneurs, they reflect on how ownership, communication, leverage, and numbers are essential skills that can help kids create financial independence at a young age.
They share their journey of teaching their daughters about the vending machine business—a model that’s providing passive income without requiring hours of labor. With an initial investment of just $3,500 per machine, the girls are now generating $200–$300 per month per unit, with plans to scale.
Russ and Joey break down five core principles they’ve used to instill a mindset of ownership and entrepreneurship. Tune in for insights on how to help your teens build wealth and make smarter financial decisions.
Top three things you will learn:
-How to teach teens about money and business through hands-on experiences
-The importance of ownership, communication, and leverage in building wealth at a young age
-How understanding numbers, preparing for success, and using AI tools can enhance kids' financial literacy
January 2026 Income At-A-Glance:
-Gross Income for January: $63,616.00
-Total Expenses for January: $22,524.00
-Total Net Profit for January: $41,093.00
-Difference b/t December & January: $5,860.45
-% of net profit to overall gross revenue: 64%
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
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