In this episode, Jared Easley together with co-host James Kinson of Cashcarconvert.com hosted an interview with the smart money expert Rachel Cruze! Rachel is the co-author of the new book Smart Money, Smart Kids.
Rachel travels to countries speaking to people and encouraging them to be in a winning position with money. As a woman who grew up learning from her parents the right money management, Rachel is also passionate in helping parents raise money-smart kids who’ll create a great impact in the coming generations.
In this episode you’ll learn:
Kids catch your actions more than what you’re telling them
Give your kids commission instead of allowance
Who takes the bigger responsibilities for student loans?
Investing in a college degree
College working students, is it a yes or a no?
Give first, Spend, then go Save!
“Giving is the antidote to selfishness, discontentment and self-entitlement”
Know if Rachel still struggles staying in budget today
How Rachel made money to get her first $16,000 car
Teaching your kids to save money
“Enjoy having your kids save for something.”
How Rachel’s parents raised her to have good work ethics
Rachel’s advice for parents who want their child to grow with ethical manners
“Teach them to work diligently on the things they need do as young as they are.”
Rachel’s three bounced checks when she was 15 years old
Shopping with two girls from Mercy Ministries as an opportunity to give
The impact of handling money at an earlier age in the future
“It’s a great gift from parents to teach their kids how to handle money”
Raising a generation who understands work ethics
“Help them avoid money mistakes. Show them how to avoid money mistakes –and they will be forever grateful.”
Rachel’s recommendation on how parents can raise money-smart kids
- Be intentional in every teachable moment. Don’t be afraid
- Be intentional guarding your actions. Your kids watch you.