Your Kids, Their Money: A Parent's Guide to Raising Financially Literate Children with Clifton Corbin

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#028.  Today’s guest is Clifton Corbin.  Clifton talks about his journey including important money lessons that he learned from his parents, but also talks about the struggles he had running up credit card debt and going through a debt spiral in university.  We talk about how his journey inspired him to write his own book “Your Kids, Their Money” to help parents teach their kids about money and avoid the pitfalls he went through.  If you are a parent of little children, we discuss strategies you can use to teach in a fun and enjoyable way.  We discuss the importance of giving our kids the opportunity to practice good money habits. One of the ways they can practice is through the use of an allowance, and Clifton talks about the do’s and don’ts of this approach, if you decide you want to go this route.  And we discuss the most important thing that we must remember to do, in combination with the practice we give our kids.  

We also dive into how we can use storytelling to teach lessons to our kids.  We go over an unconventional strategy that Clifton uses of lending money to his kids.  And we end with the best ways that we can teach our kids about earning money.

Show notes and more at:

https://moneydadpodcast.com/session028

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