Teaching Financial Literacy and other Life Skills to YOUR Kids!

Unleash your child's potential with these proven strategies for teaching financial literacy and life skills that will give them a head start in a competitive world.

In this episode, you will be able to:
• Get an insight into the transformative power of introducing financial literacy to younger generations.
• Find out how to seamlessly infuse financial lessons into your daily life.
• Explore how Emily Auster's economic views are reshaping parenting norms.
• Realize the significance of humor in nurturing balanced and resilient children.
• Learn the art of grounding children through realistic and enforceable consequences.

My special guest is Mari Collins Harris
A keystone in the realm of financial literacy education for children, Mari Collins Harris, is a parent that walks the talk. Mari has incorporated the practical aspect of financial management and decision making within their children’s routine, and the results speak for themselves. Mari has successfully transformed everyday chores and activities into engaging lessons on financial literacy, fostering an environment for her children to nurture intelligent financial habits. Mari's unique approach to prioritizing tasks and rewards stimulates curiosity, fostering financial discipline and business acumen in their children from a young age.

The resources mentioned in this episode are:
• Download the app mentioned in the show to help teach your children prioritization and decision-making skills.
• Encourage your children to think about the long-term benefits of their choices, such as saving up for a bike instead of buying instant gratification items.
• Teach your children about delayed gratification and the importance of prioritizing what's truly important to them.
• Consider implementing a system where your children can earn money by reading age-appropriate books and writing book reports.
• Introduce the concept of saving, investing, and donating money to your children using resources like the Money Ninja book series.
• Support your children's entrepreneurship by helping them create their own designs to sell on platforms like Redbubble.

Guest Links:
https://ketshop.com/fallibleman
https://www.facebook.com/KetshopApp/
https://www.linkedin.com/in/maricollinsharris/
https://www.instagram.com/ketshop.app/
https://twitter.com/KetshopApp

The key moments in this episode are:
00:00:02 - Building a Financial Education for Kids
00:01:15 - Introduction and Parenting Humor
00:04:39 - Trivia Question
00:05:39 - Who is Mari Collins Harris?
00:06:51 - Conversation with Emily Oster
00:15:55 - Getting to Know Mari Collins Harris
00:17:00 - The Importance of Teaching Prioritization
00:19:57 - Teaching Delayed Gratification and Making Choices
00:22:43 - Challenges of Prioritization in Adult Life
00:25:00 - Teaching Financial Prioritization
00:30:55 - Teaching Kids about Giving and Money
00:33:39 - Challenges of Teaching Financial Literacy to Kids
00:36:42 - The Origin Story of the Cut Shop App
00:40:27 - Using Cut Shop to Teach Smart Shopping
00:46:11 - Discovering the Benefits of the App
00:46:51 - Sharing and Managing the Child's Shop
00:47:54 - Setting Limits and Donating
00:49:41 - Reconciling with Bank Accounts
00:52:21 - Teaching Financial Management to Kids

The audio version of this show is available on Apple Podcast, Spotify, Amazon Podcast and all major podcast providers. Download us and listen on the go!

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Composition/Master: Man on a Mission
Artist(s): Oh The Larceny
Duration: 3:32
Licensed Use

S04E55 of The Fallible Man Podcast
#podcast #finacialliteracy #lifeskillsforkids #ketshopapp #smartspending

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