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:
- Maya’s Book: From Piggy Banks to Stocks
- Money Chat Calendar
- Money Club Link
- Instagram: Teach Kids Money
- TikTok: Teach Kids Money
- Facebook: Teach Kids Money
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:
- Hoffman Wealth Management
- (724) 522-5411
- will@hoffmanwealth.com
- LinkedIn: Will Hoffman
- Facebook: Hoffman Wealth Management
- YouTube: Hoffman Wealth Management
Maya Corbic, CPA, CA and Teach Kids Money Club are not affiliated with Hoffman Wealth Management and Private Advisor Group.
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