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Educational Content for Consumers +
FinLit Interview Series with Fiduciary Advisors in the Hot Seat

Guiding Teens on Money and the Value of Generosity with Derrick Kinney: Fiduciary Voices Kids and Money #FinLit Series

10/4/2024

 
In this episode of Fiduciary Voices Kids and Money #FinLit Series, host Marie Swift flips the script by interviewing previous guest host Derrick Kinney, author of The Good Money Revolution and host of the Good Money podcast. Together, they dive into the topic of teens and money, sharing actionable insights on how parents, grandparents, educators, and community leaders can better equip young adults with the financial literacy they need.
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Kinney reflects on his experiences raising his own children, revealing the challenges he faced when trying to share financial wisdom and the creative approaches that finally resonated with his teens. From launching a successful "business club" at his children's school to teaching essential life skills like handshakes, communication, and the importance of giving back, Derrick highlights the power of making financial education fun, relevant, and engaging.

Kinney also delves into how adults can inspire both teens and clients alike through values-based financial planning. He highlights how connecting money to meaning – through community involvement, purposeful business practices, and charitable giving – can not only enhance one’s financial success but also lead to more fulfilling lives. Kinney pushes the need for financial professionals to teach their clients and their children that making money isn’t inherently bad but that using it for good can create a ripple effect of positive change.

This episode is packed with inspiration and practical guidance for anyone passionate about fostering financial literacy and generosity in the next generation.

Learn more about Derrick Kinney and Success For Advisors at: SuccessForAdvisors.com.

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Empowering Teens with Real-World Financial Advice with Lucas Bucl: Fiduciary Voices Kids and Money #FinLit Series

9/27/2024

 
In this episode of Fiduciary Voices Kids and Money #FinLit Series, host Derrick Kinney speaks with Lucas Bucl, Principal and Chief Investment Officer of Aspyre Wealth Partners, to explore one of the most important topics for today's youth—money management. As a father of two teens and a financial expert, Bucl shares invaluable insights for parents and young adults on how to cultivate healthy financial habits from an early age.
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Bucl shares practical strategies for educating teens about money, including how to explain complex topics like budgeting, investments, and the magic of compounding in simple, relatable terms. He emphasizes parents' role as financial role models, how sharing their own financial mistakes can deepen trust with their kids, and why it's crucial to meet teens where they are by using engaging methods like YouTube videos. Additionally, he offers practical tips on how parents can make stocks and investments enjoyable to teens by connecting them to brands they care about.

Whether you're a parent looking for ways to teach your kids about money or a young adult eager to improve your financial literacy, this episode is packed with practical advice and real-world strategies to empower the next generation to make smart financial decisions.

Learn more about Lucas Bucl and Aspyre Wealth Partners at: AspyreWealth.com.

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Teaching Teens Financial Independence with Shehara Wooten: Fiduciary Voices Kids and Money #FinLit Series

9/20/2024

 
In this episode of Fiduciary Voices Kids and Money #FinLit Series, host Derrick Kinney speaks with Shehara Wooten, CFP®, Founder of Your Story Financial, to discuss practical ways to help teens and young people make smarter financial decisions.
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Wooten emphasizes behavior-based cash flow planning as a valuable tool for teenagers to understand income, expenses, and savings. By compartmentalizing funds, teens can learn to balance emotional spending, like impulse purchases, with more responsible financial planning, ensuring they have money for both current needs and future goals. She also touches on the significance of teaching teens about investing, sharing resources like Investopedia and NerdWallet, and even simulating investment accounts to provide real-world financial experience, preparing them for the financial challenges ahead.

The conversation concludes with Wooten discussing her book, In the Meantime: Own Your Financial Narrative, which offers teens and adults alike stories and wisdom to guide their financial journeys. This episode provides teens and parents with essential tools to build solid financial foundations for the future.

Learn more about Shehara Wooten and Your Story Financial at: YourStoryFinancial.com.

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Unlocking Financial Confidence in Teens with Alex Markowitz: Fiduciary Voices Kids and Money #FinLit Series

9/13/2024

 
In this episode of Fiduciary Voices Kids and Money #FinLit Series, host Derrick Kinney speaks with Alex Markowitz, Founder and Managing Partner of Alteri Wealth, to discuss practical, down-to-earth advice for young adult wage earners, budding investors, and teens learning the ropes of money management.
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Markowitz emphasizes the importance of patience and starting early in building a secure financial future, sharing his strategy of “living on three quarters and saving one.” He highlights the importance of building credit from a young age, explaining how his own experience as a 14-year-old with a parent-monitored credit card helped him build an 800+ credit score by his early 20s.
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For parents teaching their teens about managing money, Markowitz highlights the value of turning financial mistakes into teachable moments and using simple tools like Investopedia to build financial literacy. This episode is packed with valuable lessons on saving, investing, and building lifelong financial independence.

Learn more about Alex Markowitz and Alteri Wealth at: AlteriWealth.com.

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Building Practical Financial Autonomy for Teens with Cara Macksoud: Fiduciary Voices Kids and Money #FinLit Series

9/6/2024

 
In this episode of Fiduciary Voices Kids and Money #FinLit Series, host Derrick Kinney speaks with Cara Macksoud, FBS® CEO of Money Habitudes, to explore the essential steps teens can take to develop smart money habits.
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Macksoud emphasizes the importance of starting small, asking questions, and making money relevant to a teen’s interests. She shares how she helped her own children learn to manage their spending choices—whether it’s on tools, makeup, or future plans.

Macksoud’s approach, centered on decision-making frameworks, encourages teens to take control of their money in a way that aligns with their goals while avoiding guilt or shame. A must-watch for anyone eager to engage teens in meaningful money conversations!

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