27 episodes

Are you a parent looking to raise money-smart kids so that you can give them the best shot at taking control of their financial future? The MoneyDad Podcast is dedicated to helping you do just that. Join Justin Chung, as he interviews like-minded parents, successful entrepreneurs, personal finance experts, best-selling authors and educators to share their stories, strategies, tactics and mindset secrets so that you can help your kids build a strong financial foundation and learn good money skills and habits. You'll learn mistakes to avoid, creative ways to explore financial literacy concepts, tips on how to have more money conversations and wealth building and management strategies so that you can teach your kids to win the money game. Hit subscribe to join the conversation and get ready to change your life, and your kids' lives!

MoneyDad Podcast Justin Chung

    • Kids & Family
    • 4.7 • 10 Ratings

Are you a parent looking to raise money-smart kids so that you can give them the best shot at taking control of their financial future? The MoneyDad Podcast is dedicated to helping you do just that. Join Justin Chung, as he interviews like-minded parents, successful entrepreneurs, personal finance experts, best-selling authors and educators to share their stories, strategies, tactics and mindset secrets so that you can help your kids build a strong financial foundation and learn good money skills and habits. You'll learn mistakes to avoid, creative ways to explore financial literacy concepts, tips on how to have more money conversations and wealth building and management strategies so that you can teach your kids to win the money game. Hit subscribe to join the conversation and get ready to change your life, and your kids' lives!

    Secrets to Hiring Your Kids the Tax-Smart Way so they Earn Income with Cherry Chan

    Secrets to Hiring Your Kids the Tax-Smart Way so they Earn Income with Cherry Chan

    #027.  Today’s guest is Cherry Chan.  Cherry talks about her journey as an entrepreneur and how she helps everyday, hardworking Canadians like you and me achieve financial freedom.


    We talk about when and how we can pay our kids an income, while also having it deductible for us parents for tax purposes.  This is a win/win situation where kids win because they can earn money to use as a tool to spend, save, invest and give.  And we as parents win because we can deduct it for tax purposes, so it saves us money.  It doesn’t apply to everyone and it can get a little technical, but Cherry does a great job breaking down the rules we need to follow to ensure we stay onside with the tax authorities.


    We talk about how Cherry involves her kids in her business to teach them about money and we also get into an advanced income tax splitting strategy that could allow income in the hands of the kids to be tax free, up to $35,000 per child.  Lastly, we talk about the upcoming Wealth Hacker Conference in Toronto that Cherry and her husband are holding this November 12th to share strategies on building and protecting wealth and income and best practices around achieving financial freedom.  


    Show notes and more at:


    https://moneydadpodcast.com/session027

    • 1 hr 1 min
    Build Your Child's First Nest Egg through a Chore and Allowance App with Annie Shoen and Nicolle Hood

    Build Your Child's First Nest Egg through a Chore and Allowance App with Annie Shoen and Nicolle Hood

    #026.  Today’s guests are Annie Shoen and Nicolle Hood.  We talk about smart money habits that parents should be teaching their kids, including the habit of what they call “learning to earn”, as well as rules of thumb around budgeting.  We talk about how we can best teach our kids to be smart consumers.  And how we as parents can create a supportive environment to encourage our kids to make money mistakes.


    We also get into the features of the app, and discuss how they developed it with science in mind.  They have a lot of innovative features including the use of puzzles to teach delayed gratification, as well as community leader boards.  


    Show notes and more at:


    https://moneydadpodcast.com/session026

    • 41 min
    Teach Your Kids the Importance of Multiple Income Streams with Maya Corbic

    Teach Your Kids the Importance of Multiple Income Streams with Maya Corbic

    #025.  Today’s guest is Maya Corbic.  We get into the main challenges and opportunities in engaging Generation Z in learning about money, how engaging our kids with games can be very effective in teaching about money, why transferring money management and purchasing decisions to our kids is so important as well as key financial concepts that every child should learn before the age of 18.


    We dive into the importance of showing our kids the importance of having multiple income streams and that they have the power to create money.  We talk about house hacking, entrepreneurship, and investing as well as looking at our own limiting beliefs and focusing on what money mindset and beliefs we should be fostering in our kids.  


    Show notes and more at:


    https://moneydadpodcast.com/session025

    • 49 min
    Invest in Multi-Family to reach FI and Teach Kids using Real Estate with Kelly Iannone

    Invest in Multi-Family to reach FI and Teach Kids using Real Estate with Kelly Iannone

    #024.  Today’s guest is Kelly Iannone.  We get into the responsible money habits and strategies that she learned from her parents growing up.  We dive into their plan of how her family was able to live off Kelly’s income, while using strategies to divert her husband’s income to savings and investing.  We talk about how Kelly decided that investing in real estate, especially through multi-family rentals, was the path to accelerating their passive income and goal towards financial independence.


    We also talk about how she exposes her two young kids to real estate and teaches them money concepts using real estate as a tool.  The various money lessons she teaches her kids about saving, investing, spending.  And how it is so important to be open and intentional about money with our kids.


    Show notes and more at:


    https://moneydadpodcast.com/session024

    • 59 min
    Amplify Our Kids' Wealth and Money Mindset with Alissa Maizes

    Amplify Our Kids' Wealth and Money Mindset with Alissa Maizes

    #023.  Today’s guest is Alissa Maizes.  We talk about what led Alissa to pursue a change in career as a financial planner, after a career spent helping not-for-profits raise millions of dollars.  We discuss some great strategies and solid examples of how parents can develop their kids mindset around giving and helping others. Alissa covers how parents can develop their kids mindset around gratitude.  She also dives into strategies of how we can help kids build long-term savings, including a matching strategy to incentivize our kids to save.  We discuss strategies on what parents can do to teach their kids about financial self-confidence and control. 


    We also dive into the importance of being intentional, open and honest about money with our kids, especially during more difficult times. We get into how teaching our kids to invest can amplify their wealth, including how mutual funds or exchange-traded funds can be a better choice.  And we review what it really means to be a fee-only fiduciary and the benefits of working with one, when reviewing our own financial plans.


    Show notes and more at:


    https://moneydadpodcast.com/session023

    • 1 hr 4 min
    Creating the Next Generation of Young Investors with James Fletcher

    Creating the Next Generation of Young Investors with James Fletcher

    #022.  Today’s guest is James Fletcher.  We talk about how James combined his love of investing and his love of international cultures into what he does full-time, which is manage his $100M emerging market fund he founded.  We discuss what inspired James to start Young Investors Society (YIS), and how their reach now extends into over 1400 schools and 59 countries.  James talks about the emphasis on teaching a long-term approach to investing and how rewarding the process, rather than the outcome, is most effective at teaching these kids. 


    We discuss the importance of YIS providing resources to underprivileged communities.  And how YIS emphasizes and incentivizes building good habits to ensure that kids actually put in practice the concepts they are learning about.  We discuss several of YIS programs including the Dollar-a-day initiative, Money Skills Bootcamps and the Stock Pitch Competition.  James discusses the concept of the Million-dollar-decision and the tremendous power of how encouraging our teens to invest early would result in $1M more in their retirement account.  We discuss how we, as parents, can foster the importance of investing at a young age and how to develop their mindset around investing early.  James talks about the number one lesson that he has learned over the years and the key takeaway for us as parents.  We dive into benefits that teens receive in earning the designation that YIS has developed.  We cover how YIS measures their impact in the community.  And we get into several actionable strategies that we, as parents, should focus on in terms of teaching our kids about money. And how we can foster resilience within our children.


    Show notes and more at:


    https://moneydadpodcast.com/session022

    • 1 hr 3 min

Customer Reviews

4.7 out of 5
10 Ratings

10 Ratings

TDSurvivor ,

Interesting & Informative

Love listening to this podcast and learning new ways to raise money smart kids. Justin is engaging and always features interesting content and guests.

JCFletch11 ,

Informative and Oh So Necessary

Justin is a fantastic host, the guests are excellent and the content is Oh So Necessary!

Andrew Hallam ,

Great questions!

Justin's MoneyDad Podcast is worth listening to. He includes inquisitive questioning, a calm manner and a knack for finding diverse guests. I look forward to listening to future episodes. Well done Justin!

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