Don't you hate when you get paid and you think about what the gross amount of your pay is, but you realize that you only get a percentage of that as net pay. This is a concept that kids need to be exposed to before they are released into the real world, and the vast majority of the money taken from your check comes in 2 forms: taxes and insurance. These are things that we hate to have to pay for, but they are necessary evils to being a working-class individual. I say you should teach your kids about these things lest they fail to understand them when they are older and make big financial mistakes. Today, we will discuss:

1. How to explain taxes and insurance to kids

2. The ways we pay taxes

3. The vital insurance coverages

4. All of the major topics that you should teach your kids that I covered this week.

Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1

Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!

Facebook: https://www.facebook.com/mnowithdylan/

Instagram Page: https://www.instagram.com/mnowithdylan/

Twitter: https://twitter.com/mnowithdylan

(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)