logo
episode-header-image
Apr 2024
27m 38s

530: Introducing Kids to Financial Liter...

HAL ELROD
About this episode

Since April is National Financial Literacy Month, the timing couldn’t be better to have this conversation with Julia Cook, whose children’s books have sold over 3 million copies. Her latest book, I Am Money, helps children understand the value of money in fun and creative ways. I just gifted a copy to my nieces yesterday! 😊

Today, Julia shares the four key lessons every child needs to learn about money, and you’ll see that talking to your kids about money doesn’t need to be a chore. It’s a fantastic opportunity to help your kids understand how to create value, how to manage their funds wisely, and set them on a path of financial independence. 

Most importantly, they’ll learn how to save and spend their money and use their wealth to positively impact the world around them. 

KEY TAKEAWAYS

  • Teach kids to do the right thing when no one’s watching
  • Teaching your kids about money starts with fixing your own money habits
  • How to show your kids they can trust you entirely
  • Why unexpected opportunities can lead to the greatest breakthroughs
  • Happiness is being able to share what you earned 

Get The Full Show Notes

To get full access to today's show notes, including audio, transcript, and links to all the resources mentioned, visit MiracleMorning.com/530

Subscribe, Rate & Review

I would love if you could subscribe to the podcast and leave an honest rating & review. This will encourage other people to listen and allow us to grow as a community. The bigger we get as a community, the bigger the impact we can have on the world.

To subscribe, rate, and review the podcast on iTunes, visit HalElrod.com/iTunes.

Connect with Hal Elrod

 

Copyright © 2024 Miracle Morning, LP and International Literary Properties LLC

Up next
Yesterday
593: Freedom From Suffering with Peter Crone
What if the limitations you believe about yourself aren't the truth but a prison of your mind's design? Today, we'll explore how our deepest struggles—feelings of fear, not being enough, or childhood trauma—are rooted not in reality but in subconscious stories we've come to accep ... Show More
51m 49s
Jun 25
592: The Transformative Power of Breathwork with Samantha Skelly
What if the fastest way to unlock clarity, connection, and emotional healing wasn't through another mindset shift but through your breathwork? Don't knock it before you try it. When it's done correctly, breathwork has incredible healing powers. Even though I've tried to apply bre ... Show More
43m 41s
Jun 18
591: How to Make Your Dreams a Reality with Jesse Cole
Be honest: do you still regularly invest time dreaming of new possibilities for your life? While far too many of us have given up on our dreams, Jesse Cole is living proof that no matter how low (or broke) we may be, creating the life of our dreams is not only possible, but it’s ... Show More
42m 17s
Recommended Episodes
Feb 2017
Kids and Financial Literacy with Beth Kobliner
You will often hear me say that before you worry about the financial future of your kids, you need to make sure you’re taking care of yourself first. But that doesn’t take you off the hook for discussing money with your kids. Think of it as another one of the talks...so now in ad ... Show More
31m 27s
Feb 2024
142 Helping kids understand money with Lesley Thomas
Joining me today is Lesley Thomas, founder of The Money Confidence Academy. Lesley helps both adults and children improve their financial literacy. Today we’re discussing how we can help children and young adults understand money and help shape their money mindset so they feel co ... Show More
24m 46s
Oct 2018
Bye-Bye Savings Bonds and Hello Modern Savings for Kids with Mimi Chan
Millennials are leading the way when it comes to modern savings. There's a strong trend towards gifting experiences over stuff that's honestly really refreshing, and we're seeing this trend with children's gifts as well. Play yards and plastic trucks are great, but what about gif ... Show More
42m 17s
Apr 2023
353- What Rich People Teach Their Kids About Money with Daymond John
Want to raise kids who are money-smart and successful? Then listen up, because this is definitely not taught in schools. Daymond John, bestselling author, entrepreneur, and Shark Tank investor shares a proven 3-step money plan even a 6-year-old can understand. Get ready to set yo ... Show More
38m 15s
Nov 2022
How You Can Invest for Your Children
A huge thank you to HSBC for powering this week's episode. Whether you’re at the very beginning of your wealth creation phase and taking your first steps in investing or you’re starting to think about passing your wealth and values to the next generation - HSBC can connect you to ... Show More
26m 51s
Jul 2022
How to Become a Financial Grownup
What would it feel like to be a financial grownup? I share a bit more in the episode, but I grew up in a family where we openly talked about stock investments, wealth, and growing your money, even from an early age. However, I missed some important lessons around saving money, ho ... Show More
40m 19s
Apr 2024
What Your Kids REALLY Need to Know About Money with Adam Carroll
How do you teach your kids about money? A recent survey from Thriving Wallet found that 90% of Americans say money impacts their stress level. How do we change this? It starts by raising kids comfortable with money and giving them the tools to make smart money decisions. Our gues ... Show More
47m 29s
Mar 2023
77. Raising Financially Confident Kids with Bobbi Rebell
You don’t want to just raise financially savvy kids –– you want to raise financially savvy grown-ups. When you ask people for their advice on parenting, you’ll get a hundred different answers, most of which are probably valid but may not be right for you. Teaching kids about mone ... Show More
40m 7s
Jun 2024
Asking the Right Questions to Save More Money w/ Matt Schulz #836
If you have kids or been around kids, you might have noticed that they’re not the best at solving their own problems. It’s a continual process of teaching them to advocate for themselves and that there’s more to it than just stating their problem. So for instance “I’m thirsty” mi ... Show More
53m 18s
Oct 2022
348: Finance Friday: How to Start Investing After Becoming Debt-Free
Unless you’re a money nerd, knowing how to start investing from scratch isn’t as easy as it seems. With so many options out there and the economy faltering, how do beginners avoid getting burnt? Is something like real estate investing out of reach for new investors in times like ... Show More
1h 8m