Your Guide To A Chaotic Money World

#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 full show notes please go to Raising Financial Freedom

- "You have to give that compounding time to work, you need to have some patience"

- "As a parent with kids, make sure you have life insurance"

- "That period of time when you go from zero money to $100,000 is just as important as maybe later when you go from 1 million to 2 million"

In This Episode:

· [01:58] Introducing our guest, Robert Schulz.

· [02:55] Why is compound interest not taught?

· [05:09] What is the main point you would like people to get from your book: "Thoughts on things financial"?

· [05:50] What are some of the things your father passed to you that kids aren't doing today?

· [08:46] Robert shares methods he applies to teach kids about money.

· [011:34] At what age should a child start investing?

· [011:50] When do you realize that you had a passion for Finance?

· [14:35] Robert highlights certain points of frustration and pitfalls that stop people from succeeding.

· [18:46] How can a parent overcome their fears of talking about money with their kids?

· [18:54] Apart from a savings account, what can a parent do to start their child investing on the right path?

· [23:18] 3 gems from Robert's book.

· [25:24] What is the one thing people don't realize about money?

· [26:33] What resources would you recommend for parents to learn about money and pass on to their children?

· [27:32] How life could be one of the bad guys in a room.

· [28:46] What are your thoughts on starting a Roth IRA for your kids?

· [29:55] How to contact Robert

Links Mentioned:

Robert’s Website: https://www.schulzwealth.com/Robert’s Facebook Group: Thoughts on things financialCheck out our website: https://raisingfinancialfreedom.com/Like us on Facebook: https://www.facebook.com/RaisingFinancialFreedom Like us on Twitter: https://twitter.com/RF_Freedom

A podcast show for parents who want their children to grow up financially smart or free. Eric Yard is the host and he's here to talk about old, present and future ways of managing and creating money for the young to learn so that parents can teach it to them.This can be instilled into to our children at a young age and carried with them until is time to leave the nest. Some of the topics like how to teach kids to use credit cards responsibly, how to teach your child about investing, ways to teach kids about money, how to teach your children about debt, and other tips that will help your child put their best foot forward in life. The show is a mix of interviews and solo shows from Eric that you will want to bring your pen and paper for. Hit subscribe if your ready to teach your child to be the best they can be financially!

• No. of episodes: 48
• Latest episode: 2022-03-29
• Education Kids & Family How To Parenting

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