Episode #463

Teaching your kids about money is one of the most CRUCIAL parts of parenting. So why do so many Americans completely neglect financial literacy for kids? Is it too awkward of a subject? Do parents feel like they don’t even grasp personal finances themselves? What happens if YOUR kid goes into the world with zero money mastery? If you have children, grandchildren, nieces, nephews, or loved ones with kids, THIS is what you MUST teach them.

Instead of Mindy and Scott telling you what they taught their kids, Katie Trautman comes on the show to share what her FIRE father taught her about money. You may recognize Katie’s name; her father, Mark, was on the show just a few months ago. Mark was able to retire at age fifty, get Katie through college debt-free, and travel to his heart’s desire. He taught Katie some crucial personal finance lessons many of us never learned.

From saving to spending, investing, retirement accounts, and more, Katie goes through some of the top lessons her father taught her about finances before she left the house. Katie is about to start her first full-time job, and with a healthy emergency reserve, full retirement accounts, and the right money mindset, she’ll show you how she plans to retire earlier than her father even though she JUST started working.

Show Notes at:
https://www.biggerpockets.com/blog/money-463?utm_source=youtube&utm_medium=description&utm_campaign=none
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Previous Episodes Mentioned in Today’s Show:
Mark Trautman: https://www.biggerpockets.com/blog/money-446?utm_source=youtube&utm_medium=description&utm_campaign=none
Tracy Coenen (Forensic Accountant) Part 1: https://www.biggerpockets.com/blog/money-439?utm_source=youtube&utm_medium=description&utm_campaign=none
Tracy Coenen (Forensic Accountant) Part 2: https://www.biggerpockets.com/blog/money-459?utm_source=youtube&utm_medium=description&utm_campaign=none
Robert Brokamp (Coming November 6th!): https://www.biggerpockets.com/blog/money-466?utm_source=youtube&utm_medium=description&utm_campaign=none
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5 Ways to Teach Your Kids About Finance & Investing:
https://www.biggerpockets.com/blog/teach-kids-investingpersonal-finance?utm_source=youtube&utm_medium=description&utm_campaign=none
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