Tag: Generational Wealth

How to Teach Kids About Money (Financial Literacy, Allowance & Investing for Children) with Maya Corbic, CPA (Episode 39)

How to Teach Kids About Money (Financial Literacy, Allowance & Investing for Children) with Maya Corbic, CPA (Episode 39)

Summary: In this episode of Wealth on the Move, host Will Hoffman and guest Maya Corbic discuss the critical importance of teaching financial literacy to children. They explore Maya’s journey as a first-generation immigrant and CPA, her insights on how to engage kids in financial conversations, and practical tips for parents to instill money management skills in their children. The conversation also addresses common myths about kids and money, the role of technology in financial education, and the importance of creating financially confident adults for future generations.

Resources:

Takeaways:

  • Teaching kids about money is essential for their future.
  • Parents often know more than they think and can teach their kids.
  • Financial literacy should start as early as age four or five.
  • Kids can understand the difference between needs and wants.
  • Engaging kids with relatable examples makes learning fun.
  • Allowance should be viewed as a tool for teaching money management.
  • Mistakes made with money should happen when stakes are low.
  • Generational wealth can be changed through education.
  • Schools often lack the resources to teach financial literacy effectively.
  • Financial confidence comes from understanding and practice.

Connect with Will Hoffman: 

 

Maya Corbic, CPA, CA and Teach Kids Money Club are not affiliated with Hoffman Wealth Management and Private Advisor Group.
Welcome to Wealth on the Move- A Podcast with Will Hoffman on Keeping Your Wealth In Motion: Meet the Hosts

Welcome to Wealth on the Move- A Podcast with Will Hoffman on Keeping Your Wealth In Motion: Meet the Hosts

In the first ever episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck discuss the transition from Will’s previous podcast format to a new focus on wealth management for busy families and active retirees. They emphasize the importance of client-centric financial advice, the evolution of the wealth management industry, and the role of technology in enhancing client interactions. The conversation also touches on personal insights, future aspirations, and a light-hearted rapid-fire question segment that reveals more about the hosts’ personalities.

Takeaways

  • Wealth on the Move focuses on busy families and active retirees.
  • Client-centric wealth management is crucial for success.
  • The evolution of the wealth management industry has improved client outcomes.
  • Technology allows for more flexible client interactions.
  • Personal experiences shape the approach to wealth management.
  • Building relationships with clients is key to effective financial advice.
  • The podcast aims to simplify financial concepts for listeners.
  • Understanding clients’ goals is essential for effective planning.
  • The hosts share personal anecdotes to connect with the audience.
  • Continuous learning and adaptation are vital in the financial industry.