30 min
Ep 169: How Early Could Your Teen Retire? Talking To Teens: Expert Tips for Parenting Teenagers
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- Kids & Family
Dan Sheeks, author of First to a Million, gives us a run-down of what early financial independence could look like for your teen and how they can get started on their journey. It’s not about making enough money to laze around all day—it’s about having more options.
If you've enjoyed Talking to Teens, we'd love if you could leave us a five-star rating, and if you have time, a review!
Full show notesDo you ever wish you learned smart financial planning earlier in life? Maybe if you’d just had some more information, you could have that sports car you’ve always fantasized about...or maybe you would’ve just avoided making some rough mistakes! In order to set our teens on a better path, it might be wise to get them started on a financial education while they’re still under our roofs–so that when they step into adult life, they’ll pay bills and crunch numbers like a boss.
The only problem is….kids don’t want to talk about money. They’d love to talk to you about the things they want to buy. But when it comes to investing, saving or planning, you might as well be talking to a wall. How can we get kids excited to learn more about their personal finances?
Dan Sheeks is here to answer that question and many more! He’s a high school business teacher and author of the new book, First to a Million: a Teenagers Guide to Early Financial Independence. Dan’s been teaching business to teens for nearly two decades, making him pretty qualified to give financial advice to you and your kids. He knows just how to make finance palatable to teens, and all the juicy secrets for making money while you’re young!
In our interview, we’re talking about what we can say to teens to get them interested in financial planning. Plus, Dan is explaining the difference between real and false assets, outlining different kinds of debt, revealing how teens can get a “next level” job, and much, much more. This episode is bursting with great financial advice for both teens and parents!
Getting Teens To Care About Their Finances
Although kids may seem bored by discussions of dollars and cents, they probably aren’t tired of telling you their dreams. And it’s pretty likely that their dreams include travelling, making art or accomplishing things outside a 9-5 job. Even if teens do aspire to be lawyers or doctors, it might be because they’ve been conditioned to think this way their entire life, says Dan. He encourages parents to sit down with kids and ask them what they’d like to do with their lives, especially if money wasn’t a factor.
When prompted with questions like these, Dan finds that many of his students express frustration with what’s expected of them. They don’t want to be on a preset path for forty or fifty years; they want the freedom to explore, try new things and pursue their passions. Although it may seem impossible for them to have all this and still have a stable income, Dan believes the contrary. With Dan’s advice, teens might just be able to have it all.
Dan’s methods for saving money can help kids follow the path they dream of–making finance seem much more fascinating to them! If you can frame smart money-planning in a way that helps teens realize they can have their cake and eat it too, they’re much more likely to lend an ear when it’s time to chat about equity, savings accounts, index funds and tax breaks.
But how is this possible? How can we make our money work in our favor? Well, Dan is giving us some expert advice this week to help both you and your teen make smart decisions and unlock the life you deserve.
Assets, Debt, and Jobs (Oh My!)
You may know a thing or two about assets, but did you know there are two different kinds? Dan explains in the episode the difference between false assets and real assets. No, false assets are not a scam...although they may cause you to lose money over time! False assets are assets that depreciate in value, meaning that by the time you sell them, they
Dan Sheeks, author of First to a Million, gives us a run-down of what early financial independence could look like for your teen and how they can get started on their journey. It’s not about making enough money to laze around all day—it’s about having more options.
If you've enjoyed Talking to Teens, we'd love if you could leave us a five-star rating, and if you have time, a review!
Full show notesDo you ever wish you learned smart financial planning earlier in life? Maybe if you’d just had some more information, you could have that sports car you’ve always fantasized about...or maybe you would’ve just avoided making some rough mistakes! In order to set our teens on a better path, it might be wise to get them started on a financial education while they’re still under our roofs–so that when they step into adult life, they’ll pay bills and crunch numbers like a boss.
The only problem is….kids don’t want to talk about money. They’d love to talk to you about the things they want to buy. But when it comes to investing, saving or planning, you might as well be talking to a wall. How can we get kids excited to learn more about their personal finances?
Dan Sheeks is here to answer that question and many more! He’s a high school business teacher and author of the new book, First to a Million: a Teenagers Guide to Early Financial Independence. Dan’s been teaching business to teens for nearly two decades, making him pretty qualified to give financial advice to you and your kids. He knows just how to make finance palatable to teens, and all the juicy secrets for making money while you’re young!
In our interview, we’re talking about what we can say to teens to get them interested in financial planning. Plus, Dan is explaining the difference between real and false assets, outlining different kinds of debt, revealing how teens can get a “next level” job, and much, much more. This episode is bursting with great financial advice for both teens and parents!
Getting Teens To Care About Their Finances
Although kids may seem bored by discussions of dollars and cents, they probably aren’t tired of telling you their dreams. And it’s pretty likely that their dreams include travelling, making art or accomplishing things outside a 9-5 job. Even if teens do aspire to be lawyers or doctors, it might be because they’ve been conditioned to think this way their entire life, says Dan. He encourages parents to sit down with kids and ask them what they’d like to do with their lives, especially if money wasn’t a factor.
When prompted with questions like these, Dan finds that many of his students express frustration with what’s expected of them. They don’t want to be on a preset path for forty or fifty years; they want the freedom to explore, try new things and pursue their passions. Although it may seem impossible for them to have all this and still have a stable income, Dan believes the contrary. With Dan’s advice, teens might just be able to have it all.
Dan’s methods for saving money can help kids follow the path they dream of–making finance seem much more fascinating to them! If you can frame smart money-planning in a way that helps teens realize they can have their cake and eat it too, they’re much more likely to lend an ear when it’s time to chat about equity, savings accounts, index funds and tax breaks.
But how is this possible? How can we make our money work in our favor? Well, Dan is giving us some expert advice this week to help both you and your teen make smart decisions and unlock the life you deserve.
Assets, Debt, and Jobs (Oh My!)
You may know a thing or two about assets, but did you know there are two different kinds? Dan explains in the episode the difference between false assets and real assets. No, false assets are not a scam...although they may cause you to lose money over time! False assets are assets that depreciate in value, meaning that by the time you sell them, they
30 min