Teaching Your Kids About Money | No BS With Birchy | EP161

On this episode of No BS With Birchy, join Nathan Birch and special guest, author and investor Hayley Brooks as they sit down to discuss the importance of teaching kids about money, early. Tune in as Nathan and Hayley highlight the reasons why today’s kids need hands-on education around money, the importance of family mindset and conversations about, utilising youth as the ultimate period for money success and how it’s never too young for your kids to learn about money. Show Notes:

01:11 - An introduction to Hayley Brooks, children’s book author & investor 02:00 - The inspired 13 year old at the latest B.Invested Event - environment matters 03:02 - Are we sweeping under the rug too much as a society? 03:43 - How do we initially learn about money & property - how Nathan learnt as a child 06:12 - Exposing your kids to everyday money situations & conversations 08:46 - Real scenario of a young 20yo Sydney Investor 10:04 - Kids being hands on at a young age = better money mindsets later in life 11:27 - The young American entrepreneur example 13:13 - Everything you’re doing in life is a sale 15:07 - The art and power of picking up the phone 16:04 - How our current education systems impact financial understanding for kids 18:04 - The kid and the paperclip example 19:22 - Nathan’s take on nurturing kids about property investment 22:22 - Hustle and streamline while you’re young - turn cash into passive assets 25:17 - Industrial production line of life - tools of the giant trade? 27:26 - Getting comfortable with rejection 28:25 - Hayley shares non negotiables for her kids - money & future

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