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Accidental Homeschooler | Ep 179

Resources Vincent Pugliese’s Homeschooler resources ChooseFI’s Accidental Homeschooler resources CIT Bank’s Savings Builder Account A lot of us have become Accidental Homeschoolers recently. Brad has said he’d never home school but is trying not to stress and find balance during the day. Vincent Pugliese, from the Total Life Freedom podcast, joins the show to discuss …

How We Taught Our Teenager About Money–And You Can Too

The job of instilling good money habits and wealth-building tools into our children is no small feat. Society will pressure them into living beyond their means in every way possible. You can provide subtle, yet strong lessons which will help them establish their own money personality. This will then guide their behaviors. Remember, more is …

136R | Silver Spoon Or Skills

Here’s a case study on funding a child’s Roth IRA and listen to feedback from the community. Solar Panels Are Installed It’s official! The solar panels are installed on Brad’s roof and they are producing power. He is using the SolarEdge app to track their production over time. Trading In Gas For Battery-Powered Lawnmower Since …

136 | How To Fund Your Child’s Roth IRA And Other Tax Optimizations With The FI Tax Guy

A dive into taxes with Sean Mullaney, the FI Tax Guy. Sean’s Career In Accounting When Sean started out as a rookie accountant, he had a plan to become a partner in an accounting firm in his home state. However, he learned that it is difficult to move up the ranks in large firms so …

Teach Your Kids About Money With The Goalsetter App

We know that most children have a difficult time saving money. It burns a hole in their pocket whenever they get their hands on it and they MUST spend it on something. At least, that is how it happens with most of our kids. So getting them to save their money poses a difficult challenge …

How To Get Your Kids On The FI Bandwagon

The benefits of a FI lifestyle don’t click for most people until a certain age. Some get the message early on, but it’s usually not until we reach our 30’s, 40’s, or even 50’s that we start questioning the cycle of consumerism and debt that comprises most people’s financial habits. That’s why it can be …

When And Why Your Child Should Open A Roth IRA

As someone interested in financial independence (FI), you’re likely very familiar with the concept of compounding returns. The concept of compounding returns is one of the most powerful forces in the financial world. In general, the longer you leave your money invested, the more your initial investment will grow. For example, $10,000 earning a 10% …

087R | Autonomy Mastery Purpose

How to teach children lessons that set them up for success, discussion about using duel-enrollment and university co-ops to optimize college, and a strategy for cash flow balance transferring. Autonomy, mastery and purpose are what motivate people. How much more productivity and enthusiasm does autonomy create? What would it look like to instill these values …

083 | A Second Generation FI Case Study | Cody Berman FlytoFI

Cody Berman, a 22-year-old recent college graduate and second generation FI, talks about embracing frugality, saving and investing in his youth, optimizing a path through college, and getting his Disc Golf business off the ground. What you will learn: How did Cody get started down the path the FI? How did Cody become familiar with …

080R | A Case For Survivor, Compost, And 2nd Generation FI

Conversation about teaching your children to save and invest, healthcare options, and an argument in favor of home gardening and composting. Brad contemplates applying for “Survivor”. Review of Monday’s episode with Khai from AlabaMalaysia. Listen to the full episode with Khai Shing here. How does Jonathan use the idea of “anchoring” in his own life: …

072R | The Five Most Important Financial Conversations You Need To Have With Your Child

Lively discussion about cryptocurrencies as investments, review of last week’s MidAtlantic Camp FI, and several exciting contributions and questions from the ChooseFI community. What you’ll hear in today’s roundup: Brad’s brother is visiting from Santiago, Chile – how is he managing his path to financial independence as an international teacher? Review of Monday’s episode discussing …

Little FI-ers: Is Education Everything? Planning And Saving For Our Kids

“Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela The Education Dilemma Mr. MoneyPenny and I have two young boys and our oldest is starting Senior Kindergarten this year. Mini MoneyPenny is probably typical in many ways–super energetic and full of joy, but he’s also a bit of …