Family FIRE: How To Teach Your Kids About Money with Carol Pittner

#38: How do you raise kids to be good with money? Teaching kids
about money at a young age is so important. Carol Pittner
co-authored the new book “Raising Your Money-Savvy Family For
Next Generation Financial Independence” with her father Doug
Nordman. In the book, they share how to educate your child about
money from both the parent and the child’s perspective. In this
interview, Carol shares what her early-retiree parents taught her
to put her on the path to reaching LeanFIRE at the age of 27. We
discuss how old she was when her parents taught different
financial concepts, the money mistakes she made as a kid (instead
of as an adult), and how her parents created different
opportunities for her to gain the money confidence that she
brought into adulthood.


In this episode, we discuss: 


The #1 thing parents can do to teach their kids about money

How to leverage allowances as learning tools

What age to start teaching your kids about money

Allowing kids to learn from their money mistakes

How to teach about compound interest



If you want to learn more about teaching kids about money, take a
listen to this episode. If you enjoy it, please subscribe and
share with a friend. Also, leave us a rating and review on Apple
Podcasts, I’d really appreciate it.


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For more information, visit the show notes at
https://www.twentyfree.co/episode38/