Teaching Your Kids About Money | No BS With Birchy | EP 161
On this episode of No BS With Birchy, join Nathan Birch and special guest, author and investor Hayley Brooks as they sit down to discuss the importance of teaching kids about money, early.
Tune in as Nathan and Hayley highlight the reasons why today’s kids need hands-on education around money, the importance of family mindset and conversations about, utilising youth as the ultimate period for money success and how it’s never too young for your kids to learn about money.
Show Notes:
01:11 – An introduction to Hayley Brooks, children’s book author & investor
02:00 – The inspired 13 year old at the latest B.Invested Event – environment matters
03:02 – Are we sweeping under the rug too much as a society?
03:43 – How do we initially learn about money & property – how Nathan learnt as a child
06:12 – Exposing your kids to everyday money situations & conversations
08:46 – Real scenario of a young 20yo Sydney Investor
10:04 – Kids being hands on at a young age = better money mindsets later in life
11:27 – The young American entrepreneur example
13:13 – Everything you’re doing in life is a sale
15:07 – The art and power of picking up the phone
16:04 – How our current education systems impact financial understanding for kids
18:04 – The kid and the paperclip example
19:22 – Nathan’s take on nurturing kids about property investment
22:22 – Hustle and streamline while you’re young – turn cash into passive assets
25:17 – Industrial production line of life – tools of the giant trade?
27:26 – Getting comfortable with rejection
28:25 – Hayley shares non negotiables for her kids – money & future
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