In this episode, I'm thrilled to have my friend and teen money expert, Derek Kinney, join me for a deep dive into teaching teens about money management.

Whether you're a parent to teens or just starting to educate your younger kids about finances, this episode is packed with insights, strategies, and real-life examples to guide you through this critical journey.

 

📢Here's what you'll discover:

• Earnings vs. Allowance: Derek shares his philosophy on this crucial aspect, emphasizing the need for teens to understand the value of earning and contributing to the family.

• Financial Mistakes as Learning Tools: We discuss the power of sharing our financial failings with our kids, making us more relatable and teaching important lessons.

• Wants vs. Needs: How to help teens distinguish between these, using relatable examples like brand preferences and consumer behavior.

• Credit Card Wisdom: We dive into the responsible use of credit cards, teaching teens to view them as tools rather than temptations.

• Preparing Teens for the Real World: Derek introduces his program, 'Simple Teen Success', a comprehensive guide to equip teens with essential life, business, and money skills.

• Personal Parenting Insights: We share our personal experiences and epiphanies in parenting teens, especially during their crucial senior year of high school.

 

🎧Compelling Reasons to Listen:

• Discover practical strategies to teach your teens about financial responsibility.

• Learn how to use your financial mistakes as powerful teaching tools.

• Get insights on preparing your teens for real-world challenges, beyond academic success.

• Understand how to guide your kids in using credit cards wisely.

• Hear about an innovative program designed to equip teens with essential life skills.

 

🎯Resources Mentioned:

• Simple Teen Success Program: A subscription-based resource offering courses and live streams on business, money, and life skills for teens. More details at https://simpleteensuccess.com.

• Free Downloadable Guide: "Five Strategies to Win in Life for Teens," available at https://simpleteensuccess.com.

  Final Thoughts:

In this episode, we've uncovered valuable insights and tools not just for teens, but also for us as parents. It's about partnering in our children's financial education journey, using our experiences and the resources available to us. Join Derek and me in this engaging conversation, and let’s empower the next generation together!

Connect with Us: If this episode resonates with you, or you know someone who might find it helpful, please share it. You can reach out to us at [email protected] or via Instagram: https://instagram.com/seedtime

 

Watch this episode on our SeedTime Money Podcast YouTube channel (https://youtu.be/MWuX4laIhdY)! 

 

If you haven’t checked out our best-selling book Simple Money, Rich Life (https://seedtime.com/smrl/), we think you’ll love it. It was named the 2022 Book of the Year by ICFH and has over 600 5-star reviews on Amazon, and is best described as “a money book for people who don’t read money books.” 

You can take it for a test drive for FREE at https://SeedTime.com/sample where you can download chapter 1 of the audiobook, grab the 1st 2 chapters of the ebook version, and even get the 5-week book study companion guide.