In this episode Mark responds to a listener's email about how to teach financial literacy to high school students and children. Mark emphasizes the importance of simplifying finance concepts, highlighting his motto: 'Make Some, Save and Invest, Live on the Rest.'
He recounts personal stories to illustrate industriousness, saving, investing, and conscious spending as vital components of financial freedom. He also encourages involving children in financial conversations and shares recommended reading for financial literacy.
If you would like your question answered on the show, please send an email to
[email protected] and put “podcast question” in the subject line.
Episode Links:
Mark’s Money Mind YouTube Channel
Financial Literacy Course
The Wonder of Compounding | Episode 011
WSJ article “Changing Jobs Can Put a $300,000 Dent in Retirement Savings” 10/7/24
I Will Teach You to be Rich - by Ramit Sethi
The Simple Path to Wealth - by JL Collins
Raising Your Money-Savvy Family for Next Generation Financial Independence - by Carol Pittner and Doug Nordman
Timestamps:
00:27 Listener's Email: Financial Education for the Next Generation
02:51 Teaching Financial Independence: Make Some
08:40 Teaching Financial Independence: Save and Invest
22:07 Teaching Financial Independence: Live on the Rest
27:55 Recommended Reading and Final Thoughts
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