Dec 22, 2020
Very few kids understand money, investing, charitable giving, or financial literacy by the time they finish high school. As parents, a lot of us learned about money the hard way, through struggles and tough decisions, but our experiences don't always make it easier to teach our kids how to make great financial decisions.
When COVID-19 brought in-person schooling to a crashing halt, family wealth manager Adam Stock decided to be part of the solution. Rather than complain about how lousy online education was, he created Money Mondays. Over a series of Zoom calls for kids aged 10-15, he and a number of incredible guests gave presentations on a wide range of financial concepts, including the value of saving, investments, charitable giving, and much more.
Today, Adam and I are talking about how formal education fails so many kids when it comes to finances, the issues parents face when we talk about money with our kids, and the power of charitable giving.
We also introduce the best of Money Mondays, a condensed, 3-week series of one-hour classes Adam will be hosting in January. If you have kids ages 10-15 who you think would be a great fit for this, please text WEALTH to (512) 379-6952, or email rachel@frontrowdads.com to find out how you can enroll today.
Gold Nuggets
- How and why Adam started teaching a group of kids about money when COVID hit.
- Important topics to focus on when teaching your kids about money.
- Teaching kids that making money and becoming successful doesn’t happen overnight.
- Teaching kids about philanthropy.
- Why money equals responsibility.
- Adam’s family rituals around charitable giving and gratitude.
- Find out how your kid can participate in Money Monday’s this January!
- How to make a donation in your kids’ name this holiday season in an impactful way.
Big Questions Asked
- What is Money Monday?
- Why doesn’t school teach our kids about money?
- What financial topics are important for our kids to learn?
- How can talking about money help us understand what our kids value and believe in?
- If your kid had a briefcase full of money, what cause would they give it to? Don’t miss the exercise Adam gave to a group of kids that gets them thinking about charitable giving.
- Should you give money to panhandlers? Adam’s answer may surprise you!
- Will your kids have the same value around money as you do?
Get the Full Show Notes
Want access to the full show notes, including links to all resources mentioned during today's conversation? Visit FrontRowDads.com/256
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