In part 1 of the episode with Lacey Filipich from Money School we discussed how to raise financially savvy kids, we talked about when you could start educating your children regarding financial matters and how to make it fun and engaging.

In continuation of our discussion from last week, in this episode Lacey gives us important advice on how we can help our children avoid difficult financial situations. We also talk about some of the things to consider when deciding what wealth to leave to our kids. 

Find out all the answers in this second part of raising financially savvy kids with Lacey Filipich. Let’s go inside!

Resource Links:

• Visit the Money School website: https://www.moneyschool.org.au/
• Episode 25: Filling the Financial Education Gap - Part 1 with Lacey Filipich (https://www.investorsedge.com.au/perth-property-insider-ep-25-filling-the-financial-education-gap-part-1-with-lacey-filipich/)
• Episode 26: Filling the Financial Education Gap - Part 2 with Lacey Filipich (https://www.investorsedge.com.au/perth-property-insider-ep-25-filling-the-financial-education-gap-part-2-with-lacey-filipich-2/)
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• 1 on 1 strategy session with Jarrad Mahon (https://www.investorsedge.com.au/strategy)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

Episode Highlights:

1. Introduction [0:00]
2. Preventing your kids from going wrong with financial matters [1:08]
3. Trust between parents and kids is important if you want the kids to become financially independent [6:05]
4. Break the taboo around not talking about money matters with your kids [7:58]
5. Advice around leaving wealth to your children [9:56]
6. Start building your financial assets first before building assets for your children [17:35]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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See omnystudio.com/listener for privacy information.