#047 With inflation and gas prices at an all-time high, it’s time for us to become more aware of our spending, avoid unnecessary expenses, and decrease the amount of debt we’re incurring. One of the major types of debt Americans incur comes in the form of student loans for higher education… and they often stick around for many years! So, how can we help our children avoid student loan debt? Today’s guest is going to teach you!    Meet Brad Baldridge, a college funding specialist and college...

#046 What do you know? We all back the month of February has just flown by what have you done this month? That is interesting. Are you still sticking to your new year's resolution? Because this is the time where everyone quits, some people quit and don't even realize that they quit. The reason I'm talking about this is because I had a conversation with a person about two weeks.  And we was having a conversation about the show and he doesn't plan to teach his kids about any financial literacy....

#045 How do you make learning about finance fun and easy, especially for kids and beginners? We have someone very special to break it down for you…  Meet Rishi Vamdatt, the 12-year-old personal finance educator and visionary behind Easy Peasy Finance, a kid-friendly resource that can be utilized by parents and educators alike to teach young minds about personal finance while keeping them engaged. Having started learning about finance at the age of 6, Rishi is now using financial strategies...

#044 Is real estate a good form of investment for families? Should kids be learning about real estate from a young age? Spoiler! The answer is yes.  Meet Whitney Chaffin, a speaker, investor, philanthropist, realtor, and mother who provides people with second chances through real estate. In this episode, Whitney talks about the first steps to take when teaching your kids about real estate investment and getting them involved in this wealth-building asset class. Whitney highlights the impacts...

#043 With divorce rates climbing and more women consciously choosing the singlelife, more women are providing for themselves (and often their children, too). Unfortunately, too many women are unprepared to take on financial responsibilities all by themselves… and it’s not necessarily their fault. As parents, it’s our responsibility to prevent that from happening to our daughters. Let’s empower the future generations of women to be financially confident and free! Here’s how…  Today’s guest,...

#042 How do you help teens become financially literate and make smart money moves before they reach adulthood? You have to get on their level and understand how they think…   Meet Charla McKinley, a Certified Public Accountant (CPA) who homeschooled her kids and is now teaching teens about money. In this episode, Charla talks about how to teach your teenagers about financial literacy, using and saving money wisely, and how adulting really works. She sheds light on why kids need different...

#041  What advice do you have for parents trying to raise their kids to have financial freedom? That’s the question Eric asked some of our guests from past episodes of Raising Financial Freedom. In this episode, you’ll hear their top tips and pieces of advice for parents on teaching their kids about finances, financial literacy, and life in general.   Our guests offer a lot of wisdom on raising kids to be financially independent… but almost every one of them emphasizes the importance of...

#40  As the holidays are approaching, family time is just around the corner! What better way to strengthen your family bond than by building generational wealth?    In this episode of Raising Financial Freedom, Eric Welcomes the Wealth Twins, Nadia and Nicole, to explain how to build generational wealth in your family and how to teach your children about money and life planning.    “Life changes and you have to be able to think forward and say “okay, if I’m no longer here, how could I protect...

#039  Having existed for over 10 years now, cryptocurrency is gaining popularity and power around the globe, so it’s time to start talking to our kids about it. Many parents don’t want to get involved with cryptocurrency because they don’t understand it… but today, that’s going to change.   “Crypto is doing for money what the traditional Internet is doing for information.”   In this episode of Raising Financial Freedom, Eric welcomes Shahar Abrams, Founder and CEO of Road to Babylon, an...

#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...

 #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...

#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....

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...

#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...

#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...

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...

#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...

#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...

#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...

#028 A.D. Williams shares that he did not receive any financial education as a child, and this was part of the reason for the book. In contrast, Kendal Fordham did have a lot of financial education, particularly as a result of spending time with her father who initially was too busy, and had to intentionally make out time which he spent reading financial books to her. Financial literacy is the foundation of a much larger issue; it needs to be in schools but the debate is usually on when to...

#027 Alan believes that while college is not for everyone, it is for most people, and planning needs to start as early as the first year of high school. This explains why having a good record in high school is important, as well as attendance, getting good grades, and taking part in organizations and community work. It becomes part of the portfolio to look good for colleges. For full show notes and transcript please go to Raising Financial Freedom -       "Only 6 out of 10 students...

#026 With all of the focus on financial literacy, roughly 45 states have adopted standards for financial literacy, there is yet to be significant progress within the curriculum in schools. Only 6 states require that you take a course on financial literacy before graduation.  Standards for financial literacy include Economic Education, Financial Education, Entrepreneurial Education, and Personal Finance Education. Particularly lacking in schools is Personal Finance Education. The passion has...

#025 This is Financial Literacy month and meet Todd Christensen, an expert in financial literacy, who has been involved with "Jump$tart", working with state leaders around the country. Todd explains that regarding financial literacy, there is room to do...