Educating the Next Generation to Achieve Financial Freedom | Episode 031

In this episode Mark responds to a listener's email about how to teach financial literacy to high school students and children. Mark emphasizes the importance of simplifying finance concepts, highlighting his motto: 'Make Some, Save and Invest, Live on the Rest.' 

He recounts personal stories to illustrate industriousness, saving, investing, and conscious spending as vital components of financial freedom. He also encourages involving children in financial conversations and shares recommended reading for financial literacy.

If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.

Episode Links:

Mark’s Money Mind YouTube Channel

Financial Literacy Course

The Wonder of Compounding | Episode 011

WSJ article “Changing Jobs Can Put a $300,000 Dent in Retirement Savings” 10/7/24

I Will Teach You to be Rich - by Ramit Sethi

The Simple Path to Wealth - by JL Collins

Raising Your Money-Savvy Family for Next Generation Financial Independence - by Carol Pittner and Doug Nordman

Timestamps:

• 00:27 Listener's Email: Financial Education for the Next Generation
• 02:51 Teaching Financial Independence: Make Some
• 08:40 Teaching Financial Independence: Save and Invest
• 22:07 Teaching Financial Independence: Live on the Rest
• 27:55 Recommended Reading and Final Thoughts

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