Teaching Your Kids to Value Saving Money | Compound Interest

Published: Oct. 18, 2022, 10 a.m.

b'On today\\u2019s episode we\\u2019re talking about how to teach your kids to save where they value it. Rosie is an incredible saver, is incredible at money management, and has really helped Adam change to be better with money. Our simple tip is just show your kids the principle of compound interest and how it can grow if they don\\u2019t touch it and keep adding to it.

A tool that we use to change out kids\\u2019 minds 1:01
Compound interest 3:00
Creating goals 6:00

\\u201cWhen you flip it to where he\\u2019s driving it, see the difference, he was looking for more ways to earn money, to grow it, which means that he wants to work to earn money, which means he\\u2019s going to be less idle, more driven. Who is going to have time for all the stuff you don\\u2019t want your kids to be doing if they have this drive towards \\u2018When I finish school I want a car, when I finish school I want a house.\\u2019 When they have that internal driver, everything changes.\\u201d 6:15

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