Wealth Bytes Podcast

#3 How to Teach Your Kids About Money – The Right Way


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In today’s episode, we’re diving into an unconventional but crucial topic—how to teach kids about money in a way that is fun, practical, and effective.


What You’ll Learn in This Episode:

  • ​Why kids as young as five already have emotional reactions to money
  • ​The biggest financial literacy gap in our education system
  • ​How to teach kids about money through everyday experiences
  • ​Age-appropriate money lessons, from piggy banks to investing
  • ​Fun activities and real-life examples to make financial education exciting
  • ​Why modeling good financial behavior is the most powerful tool

Key Takeaways & Strategies:

  • ​Make it Real: Teach money through everyday moments such as shopping, paying bills, and vacation planning
  • ​Start Early and Keep it Simple: Introduce money concepts based on age, including saving, budgeting, and investing
  • ​Use Visuals: Try money jars, family savings boards, and progress charts
  • ​Gamify Money Lessons: Play Monopoly, track stocks, and set allowance challenges
  • ​Be Honest About Mistakes: Teach through your own financial wins and losses
  • ​Give Them Control: Let them make financial decisions to build responsibility
  • ​Model Good Financial Behavior: Kids copy what you do, not what you say

Connect with Mo Shouman:

  • Connect with me on LinkedIn: Mo Shouman
  • Email me: [email protected]
  • Visit My Wealth Choice: www.mywealthchoice.com.au

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Thanks for tuning in! See you in the next episode of Wealth Bytes!


In the next episode, I’ll reveal how diversification could’ve saved tech professionals thousands, and why the biggest losses aren't always about money.

Plus, I’ll share what I learned from 2008, COVID, and now 2025. Don’t miss it.

Listen, learn, and start making smart financial choices today.

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Wealth Bytes PodcastBy Mo Shouman