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#038 In this episode, we have Linsey Knerl. She is a mother of six who has been homeschooling and since 2004. Linsey practically produced and taught a small classroom, but at the same time, runs a small business. Along with homeschooling, entrepreneurship has led her to a freelance writing career that complements her own homeschool style. Linsey is also the author of Homeschool Hacks and is very passionate about the opportunities for home education. Today, Linsey is going to share with us what it’s like be a working mother and homeschooling kids. She shares her experiences about homeschooling and how home education has significantly helped her children become well-educated members of society.

Please go to Raising Financial Freedom.com for full show notes

Homeschooling vs. teaching in School

[2:26]

Teaching children at school is a different beast from teaching kids at home. You can't really homeschool and work at the same. With the Pandemic, every parent has experienced homeschooling their kids with virtual learning. But it can be done with the amount of hours a day that it takes to educate your child. It isn't as many hours as others would think from the traditional public school schedule. With younger kids, they can be educated in as few as two hours a day all the way up to high school. Formal instruction can take place in less than even four hours. And the rest is extracurricular, administrative, all those things that happen in the school day that aren't really learning related. 
[4:34]

You will stop looking for things sometimes when you just assume the school is going to provide opportunities for you. But if you're motivated and have initiative, the opportunities are endless for homeschoolers.



How Homeschooling is Understood by others

[16:34]

Having people over entertaining is almost impossible because people who don't homeschool, don't understand why you have so much stuff. It's very hard to do like a minimal lifestyle thing when you need 30 books for each child. It's just a different way of living. So for somebody whose kids are in school all day, it can be hard for someone else to deal with that much like energy. It can be a little hard to find your people if they're not also homeschoolers.

How Homeschooling affects the Future of your Kids 

[18:10]

Homeschoolers can't really blame anyone else. But if kids are doing that independent learning module, they're developing skills that once they get into college, then they will grow to become independent individuals and they will have an advantage when it comes to dealing with life on their own. If you do teach them the right things and raising them to be young adults and not just big children that go on and become someone else's problem, then there is a big difference.

How to Start Homeschooling your children

[21:34]

Whether you're going to do it full time, or you're just doing it like for a while to get through, start with the one thing your child really likes whether that's math, reading, science, or history. And tackle that with as much passion as you can along with the tools and resources to make it rewarding for them. Then build upon that. 

 Learn more about Linsey Knerl:

Book: https://www.amazon.com/Homeschool-Hacks-Education-Without-Losing/dp/1982171154

Twitter: https://twitter.com/lknerl?lang=en

LinkedIn:

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 #037 Today on a solo show. Someone asked me the other day, Eric, why there is no set system of retirement in this country. And I thought about it and I told him once upon a time there was not a set system, but there was a kind of a for. That everyone followed and little financial literacy was needed at that time because everyone just did the same thing.

[00:02:02] Eric: So let's go back to a time where the economy was good and things was picking up right after, uh, a world war, world war two

[00:02:28] Now that's a lot of goods and shelter that's needed. Women at that time were averaging four kids per household

[00:03:25] And this was done for decades. There's no financial literacy that's needed here. You just followed simple cut and paste and it worked

[00:04:20] This 401k was supposed to be in addition to the retirement plan you had back then,

[00:05:14] So now 401k replaced. The great recession, pretty much crippled and damaged the stock market and people savings.

[00:06:47] Or financially free to the point where retirement was thought of at an early age and the methods to retirement Come to them as second nature. 

Check out our website: https://raisingfinancialfreedom.com/

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#036 Dan shares that he has repeatedly made failed attempts at getting schools around him to make personal finance classes a requirement for graduation and explains the reasons. The first reason is that the public school system is severely underfunded across the country, and making changes to the curriculum would require money. Secondly, most politicians focus on the data that is available on student performance which does not include personal finance; hence it is relegated to the background. Additionally, the older generations who now make most decisions in places of authority believe they turned out successful even if they didn't have financial education growing up, and so do not see it as a necessity. Lastly, the decision-makers in most learning institutions also foresee that adding personal financial classes to the curriculum would eventually increase the amount of work on their plate, while they are already overworked this would be detrimental to them.

For complete show notes go to RaisingFinancialFreedom.com

-       "It is a huge disservice to our youths that we don't have more personal finance education in schools"

-       "We are a financially illiterate country"

-       "If we were a financially literate county we would be in a much better place"

-       "Reaching Financial Independence in your 40s, 30s or even 20s is absolutely doable with the right strategies, tactics, and mindset"

In This Episode:

·         [02:46] Meet today's guest, Dan Sheeks.

·         [03:22] Why do you think school systems don't have in-depth classes on personal finance? 

·         [07:08] What would the world look like if the regular child was given personal finance classes?

·         [09:02] Why did you choose Real Estate? 

·         [10:05] How can parents teach their children about Real Estate?

·         [10:42] Discussing Passive Income in Real Estate.

·         [11:52] House Hacking and the "BRRRR" Method.

·         [17:16] How can a parent pull the veil away from Real Estate?

·         [20:27] The "Sheeks Freak Group".

·         [24:10] What are the hidden pitfalls in Real Estate that prevent young adults from succeeding?

·         [27:10] What is the best piece of advice you can give a parent to get their child involved in Real Estate?

·         [27:15] How to contact Dan

Instagram: Dsheeks

Email: [email protected]

Links Mentioned: 

• Dan’s Website: www.sheeksfreaks.com 
• Check out our website: https://raisingfinancialfreedom.com/
• Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom 
•   Like us on Twitter: https://twitter.com/RF_Freed

Stay Connected: Visit us at NurturingFinance.com for more resources, and join our community on social media to continue the discussion. Have questions or topics you want covered? Email us

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Therese is a busy mom and the author of the book, "Playing For Keeps". After working as a career woman for many years till she sold her company, Therese retired early and spends more time with her kids. She shares that her experience with 9-11 also made her reevaluate all she was doing why she was doing them.

Having a father who was all about Family helped inculcate it in Therese. She brought those same values into raising her kids, particularly by making sure she set an example that they could follow. After her dad died, Therese started to research her heritage just like her dad did, and realized that she came from a line of quite prominent people which helped her understand why she was so driven and motivated to stand out.

For full show notes go to Raising Financial Freedom.

-       "Family is everything to me"

-       "So those pearls, I would say, in business, they apply to life too"

-       "You earn money so enjoy it, at the same time have a bigger plan so that you have a direction that you're going"

In This Episode:

·         [00:48] Meet our guest, Therese Allison.

·         [02:53] How important is family to you?

·         [03:56] How important is your family name to you and how can you pass that torch on?

·         [04:48] About Therese's family background.

·         [06:51] What would you say was the biggest challenge you had to surmount?

·         [07:44] What do you think your kids have taken out of your journey?

·         [09:34] What money lessons did you give your kids while they were growing up?

·         [13:12] 7 money secrets

·         [19:59] Do you want your kids to follow in your footsteps in an entrepreneurial way?

·         [20:33] What action steps can parents take to prepare their children for finance?

·         [21:47] About Therese's book, "Playing For Keeps"

·         [23:27] What is the best thing that has happened to you since you started this journey?

·         [24:09] Therese's advice to parents.

·         [25:27] How to contact Therese

Links Mentioned: 

• Therese’s Website: www.thereseallison.com/
• Check out our website: https://raisingfinancialfreedom.com/
• Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
•  Like us on Twitter: https://twitter.com/RF_Freed

Stay Connected: Visit us at NurturingFinance.com for more resources, and join our community on social media to continue the discussion. Have questions or topics you want covered? Email us at [email protected].  

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#034 Many fundamental skills like networking, communication, negotiating, are not often taught in school. This is mostly due to the history behind the education system, which over time has continued to only focus on teaching the basic knowledge required in each career field. Unfortunately, most career courses even in university don't cover teaching these skills, even though they are practically critical for success in any field of specialty.
 
Mark Herschberg shares that even with 3 degrees from MIT, it was quite tough to properly manage his interactions within the workplace, and lost some opportunities because he lacked these very basic skills. Knowing he planned to become a Chief Technology Officer, he set out to teach himself and discovered that these skills aren't just for leaders but for all workers. MIT has also gotten feedback from companies, and other studies show a general scarcity in use. This is why Mark put together the program at MIT that teaches these skills and went ahead to write his book too. 

For full show note please go to Raising Financial Freedom.com

-       "If you just learn to negotiate… To be a little better… you can add 5 figures or 6 figures to your lifetime earnings" 

-       "Any good manager will tell you he or she wants to hire leaders, even for entry-level people"

 In This Episode:

·         [02:50] Meet today's guest, Mark Herschberg. 

·         [03:31] Why are there so many skills for kids that have been forgotten by the school system? 

·         [06:00] Do you feel that young adults are prepared enough today to step out into the real world?

·         [09:25] How was your transition stepping into the real world?

·         [11:46] How can a parent introduce their children to these skills, and when?

·         [13:59] About Mark's book; "The Career Toolkit"

·         [15:01] What action steps can parents take to get kids to learn these skills?

·         [20:43] Given only one choice, which one skill would you implement in your child?

·         [25:24] In the theme of health, wealth, and family, what advice would you give parents?

·         [27:05] How to connect with Mark

 Links Mentioned: 

• Mark’s Website: www.thecareertoolkitbook.com 
• Check out our website: https://raisingfinancialfreedom.com/
• Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
•  Like us on Twitter: https://twitter.com/RF_Freed

Stay Connected: Visit us at NurturingFinance.com for more resources, and join our community on social media to continue the discussion. Have questions or topics you want covered? Email us at [email protected].  

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#033 Following the money printing done to alleviate the impact of job loss during the pandemic, inflation is expected and is already being experienced with the cost of goods going up. Also, people who saved a lot are now spending much more, and this is also driving up the cost of living. Jennifer advises that in anticipation of the looming inflation, families should be rational, take a step back, be patient and make sure they make decisions they are confident about. The first step for most people is to avoid major unnecessary purchases, and consider cheaper alternatives in daily purchases. Jennifer notes that most often it's the bigger expenditures that create financial difficulties for people.

For complete Show notes go to Raising Financial Freedom

-       "Whenever there's something intimidating or a little frightening... take a step back, and take a deep breath, and use your most rational self"

-       "There are people who walk into marriage without knowing if their partner has debt or assets, and they don't realize that marriage is a legal contract" 

-       "When I see parents, there's often the intentional lessons… and sometimes the kids get those lessons, but always the kids just pick up from what you do day in and day out" 

 In This Episode:

·         [01:39] Meet today's guest, Jennifer Sahady.

·         [02:08] What are your thoughts on inflation as a possible impact of the money printing that was done due to the pandemic?

·         [03:36] How can a family can prepare for this inflation?

·         [05:16] Jennifer shares her thoughts on marriage and divorce today as the root of her TEDx talk.

·         [07:33] What are the damaging effects of divorce on finances? 

·         [010:33] About Prenups and the process of divorce.

·         [12:41] What skills can parents teach their children to prepare them for marriage in relation to their finances?

·         [14:34] What role did money in marriage play in developing your philosophy?

·         [16:59] How did you get started in finances?

·         [19:38] What steps can a parent take now to put their children on the right road when it comes to marriage and money?

·         [22:06] What checklist items should be checked by young adults before getting married?

·         [23:21] What is the biggest challenge for young couples when it is time to meld their finances together?

·         [25:32] What is the best piece of advice you can give to young couples?

·         [27:15] How to contact Jennifer

 Links Mentioned: 

• Jennifer's Website: www.jennifersahady.com 
• Jennifer's  LinkedIn Page: Jennifer Sahady
• Jennifer's  Email: [email protected]
• Check out our website: https://raisingfinancialfreedom.com/
• Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom 
• Like us on Twitter: https://twitter.com/RF_Freed

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Today's going to be a little bit of a shorter show and it's going to be a solo. A couple of episodes ago. One of my guests, Robert Shulz we briefly talked about. Compounding interests. Now I want to revisit that. Talk about that a little bit more. So the parents out there can fully understand how important this could be to their child when just starting off in life now to quote Albert Einstein, he who understands it, earns it. He who does it. Pays it.


In This Episode:
 [00:01:34] -Simple interest

[00:03:00] - Compound interest

[00:04:23] - Time, compound interest best friend

[00:05:17] - Where can you find compound interest?

[00:09:47] - Starting early

Links Mentioned:

• M1 finance: https://m1.finance/vOvlRgEue1FK
• Blockfi: https://blockfi.com/?ref=35ea4597
• Celsius network: https://celsiusnetwork.app.link/197418b27f
• Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
•  Like us on Twitter: https://twitter.com/RF_Freedom

Stay Connected: Visit us at NurturingFinance.com for more resources, and join our community on social media to continue the discussion. Have questions or topics you want covered? Email us at [email protected].  

 Disclaimer:This post contains affiliate links. If you make a purchase I may receive a commission at no extra cost to you. 

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#031 The pandemic has brought the lack of financial education into focus for many people, institutions, and businesses. Marilyn shares that she has started to see more people take steps towards gaining financial freedom through education. 

Most cultures tend to either not talk about money with kids, or they treat it as a taboo, giving almost no introduction of money to the kids in a way that they can leverage it as a tool. The problem is that while a lot of parents expect that kids will learn about money in school, the curriculum can barely offer the kind of practical knowledge on the use of money which the home is well suited to give. Hence the kid gains little or no financial education either from the home or the school. 

For full show notes please go to Raising Financial Freedom

In This Episode:

·         [03:05] Meet today's guest, Marilyn Lydia Pinto.

·         [03:31] With the pandemic winding down, what is your opinion on the financial fallout?

·         [04:20] What is money to a child?

·         [05:41] What is the difference in the perception of money between Dubai and other countries?

·         [08:38] What are some of the common myths and stigmas you come across concerning money?

·         [11:41] Excuses parents give why they don't teach their kids about money. 

·         [13:46] About the Kids Finance Initiative.

·         [16:30] When did you realize you had a passion for teaching financial literacy?

·         [18:36] What are some of the consequences of not educating children financially?

·         [20:48] At what age would you recommend a child starts gaining financial literacy?

·         [23:52] What do you love about teaching financial literacy?

·         [21:57] What action steps can a parent take to imbibe financial literacy in their kids?

·         [24:29] What is the one thing that people don't realize about money?

·         [25:23] Marilyn's advice to parents.

·         [25:53] How to contact Marilyn

Links Mentioned: 

• News-https://www.blackenterprise.com/prominent-leaders-launched-an-initiative-to-embed-financial-literacy-into-the-culture/
• News-https://www.fl4a.org/
• Marilyn’s Website: www.kidsfinanceinitiative.com 
• Marilyn’s LinkedIn Page: Marilyn Lydia Pinto
• Check out our website: https://raisingfinancialfreedom.com/
• Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom
•  Like us on Twitter: https://twitter.com/RF_Freedom

Stay Connected: Visit us at NurturingFinance.com for more resources, and join our community on social media to continue the discussion. Have questions or topics you want covered? Email us at [email protected].  

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#030 Robert shares his dad probably taught him compound interest because he learned it the hard way, and being a stockbroker for the first part of his career, he wanted to share it. Robert also found a way to impart financial knowledge in his own kids as part of bringing them up. Robert appreciates that young people today are more interested in investment rather than compound debt, but he hopes that they understand that it takes patience and time not the idea of quick money every week.

For full show notes please go to Raising Financial Freedom

-       "You have to give that compounding time to work, you need to have some patience" 

-       "As a parent with kids, make sure you have life insurance"

-       "That period of time when you go from zero money to $100,000 is just as important as maybe later when you go from 1 million to 2 million"

In This Episode:

·         [01:58] Introducing our guest, Robert Schulz. 

·         [02:55] Why is compound interest not taught?

·         [05:09] What is the main point you would like people to get from your book: "Thoughts on things financial"?

·         [05:50] What are some of the things your father passed to you that kids aren't doing today?

·         [08:46] Robert shares methods he applies to teach kids about money. 

·         [011:34] At what age should a child start investing?

·         [011:50] When do you realize that you had a passion for Finance?

·         [14:35] Robert highlights certain points of frustration and pitfalls that stop people from succeeding. 

·         [18:46] How can a parent overcome their fears of talking about money with their kids? 

·         [18:54] Apart from a savings account, what can a parent do to start their child investing on the right path? 

·         [23:18] 3 gems from Robert's book.

·         [25:24] What is the one thing people don't realize about money?

·         [26:33] What resources would you recommend for parents to learn about money and pass on to their children?

·         [27:32] How life could be one of the bad guys in a room.

·         [28:46] What are your thoughts on starting a Roth IRA for your kids?

·         [29:55] How to contact Robert

Links Mentioned: 

• Robert’s Website: https://www.schulzwealth.com/
• Robert’s Facebook Group: Thoughts on things financial
• Check out our website: https://raisingfinancialfreedom.com/
• Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom 
•  Like us on Twitter: https://twitter.com/RF_Freedom

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#029 Although Silicon Valley in California has a lot of tech companies, a study by Chamberlain University ranks California an "F" in teaching kids about financial literacy. Luke encourages his children to read books about financial literacy and also applies his business knowledge at home. 

 He also created a company, "Conteneo" that helped enterprises manage their investment portfolios which ultimately helped in participatory budgeting to create better budgeting decisions. This was used in schools involving a process where kids were given money on the condition that they had to manage it themselves. They were guided through a 5-step process including a "theme"; how to spend the money, "ideation"; creation of rough proposals for how to spend the money, "refinement"; creation of details behind the proposals, "Voting"; an opportunity to ensure most students are involved, and lastly "implementation" of the ideas from students. This process gives the opportunity to teach important concepts in financial literacy. The app is free for families.

For complete show notes please go to Raising Financial Freedom

In This Episode:

·         [03:05] Introduce today's guest, "Luke Hohmann". 

·         [03:21] How would you say financial Literacy is in Sunnydale California?

·         [05:16] With you being so close to financial literacy, how do you involve your children? 

·         [011:37] Which age group is adopting financial literacy at a better rate?

·         [14:22] What do your kids gravitate to, when it comes to financial literacy?

·         [17:50] When did you realize that you had a passion for financial literacy?

·         [19:43] How did FirstRoot get started?

·         [21:05] What is the biggest challenge you've had to overcome after starting FirstRoot?

·         [23:10] At its core, what does FirstRoot do?

·         [28:01] What states are you now in as FirstRoot?

·         [28:20] The best thing that has happened since doing the pilots. 

·         [29:30] How can parents get their kids involved in this FirstRoot program?

·         [31:46] If you had to give parents good advice, what would it be?

·         [33:00] What does FirstRoot have for the future?

·         [36:03] How to contact Luke. Website, LinkedIn, Twitter

 Links Mentioned: 

• https://www.thenewportbuzz.com/governor-mckee-signs-law-requiring-financial-literacy-education-in-high-schools/30536
• https://wjla.com/news/local/sisternomics-empowerment-summit-to-educate-black-women-girls-financial-literacy
• Website: www.firstroot.co   
• Check out our website: https://raisingfinancialfreedom.com/
•  Like us on Twitter: https://twitter.com/RF_Freedom&

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