Don’t you just wish that you had a better financial education as a kid?... It might have helped prevent some of the bigger mistakes you made with debt and set you on the fast track to wealth much sooner without all the trial and error.  

Teaching the younger generation how to handle their resources empowers them to become better at handling financial matters as they grow older. But when exactly is the right time to start teaching our kids and how do we do it?

Today, we have Lacey Filipich — the Founder and Director of Money School and Maker Kids Club, to enlighten us on the key concepts we can introduce to our kids and at what ages. We also include how we can make learning fun!

Let’s jump into this episode and make sure to take note of some golden nuggets we’ll be dropping along the way.

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. When is the right time to start teaching kids about money [2:03]
3. Financial concepts to introduce to kids as they grow older [5:12]
4. How to make learning financial matters fun [9:00]
5. It’s important to let the kids fail and learn [11:21]
6. An effective way to teach 10-12-year-olds about money [12:40]
7. The best tip for parents who don’t want to spoil their kids financially [14:58]
8. The most common financial mistake teens and young adults make [18:38]
9. You don’t have a decade to spare, you need to start learning now [20:38]

About Lacey Filipich:

Lacey Filipich is the Founder and Director of two education businesses, Money School and Maker Kids Club. Her goal is to help people become financially independent so they can be time rich. Lacey is known for translating financial concepts into plain English and breaking down what seems complex into simple, straightforward steps.

She is also an author, speaker, and volunteer. Her first non-fiction book, Money School, is out and really worth a read.

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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