In the past two episodes, I have talked about financial education for our children and instilling them with a basic working knowledge and literacy when it comes to money. I also discussed in Episode 136 about how you should start saving for retirement in your 20s and how it can be done.

But what if you started earlier than that? What if our kids started saving for retirement even before they graduated from high school? In this episode of the podcast, I will talk about how parents can help their children start saving for their retirement and get the earliest start doing it.

In this episode you will learn:

• Why starting your child in saving for retirmenet is a good idea
• Why a Roth IRA is a better choice
• How to set up the IRA
• How to fund the IRA

In the last episode I talked with Jake Cousineau, a California educator who teaches financial literacy to high school students. But looking into this further I discovered that attitudes about money (called Financial Personalities) form way before a child reaches high school. Thus, teaching children from an early age (as I discussed in Episode 130) becomes very important.

That’s why in this episode of the podcast I talk with Vince Shorb, a financial wellness advocate and educator, who has developed curricula to shape financial personalities early in a child’s life.

In this episode you will learn:

• What a Financial Personality Is
• When They Are Formed
• How Parents and Teachers Can Guide How They Are Formed
• Why People Make Financial Decisions That Don’t Align With Their Goals
• About the Behavioral Aspects of Money