Kids and Money - Episode 439

How do you teach your kids about money?

How do you teach your kids to save money?

Is it better to invest in a Certificate of Deposit (CD), Money Market Account, IRA, College Plan, or something else? 

Do your kids know the "Rule of 7?"

This week's Crushing Debt Podcase episode is inspired by Shawn's son's Bar Mitzvah, where he received quite a bit of money in the forms of gift cards, checks, cash, and even a portion of a Real Estate Mortgage and Note.  That got us to thinking - how do you teach your kids about money?

What is more important - short term or long term? How important is learning patience when it comes to money? Do you get the kids something tangible to represent the investment?

We answer these questions and more on this week's episode.

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsors:

• Magic Mind - https://www.magicmind.com/CD20. Shawn has been using Magic Mind to crank out work with no sugar high or crash and no impact on his diabetes!
• Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.  

Or, you can support the show by visiting our  Patreon page: https://www.patreon.com/crushingDebt  

To contact George Curbelo, you can email him at [e-mail] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach  

To contact Shawn Yesner, you can email him at [e-mail] or visit www.YesnerLaw.com. And please consider a donation to Pancreatic Cancer research and education by joining Shawn's team at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders0

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