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#051 In this episode, we take a deep dive into the world of financial literacy programs. Do these programs actually deliver on their promise to empower people with the skills to master their money? Or are they just a small part of a much larger financial puzzle? From personal stories of transformation to systemic challenges, we explore the inspiring benefits, overlooked challenges, and deeper truths about financial literacy education.

Key Highlights:

Why Financial Literacy Matters:

• Understanding money is more than just numbers; it's about choices, freedom, and securing your future.
• Personal reflections on how our own relationship with money impacts our children.

The Transformative Power of Financial Literacy:

• Real-life story of how Samantha overcame credit card debt, built an emergency fund, and saved for a house through a financial literacy class.
• Benefits of financial literacy programs:
• Teaches critical money management skills (budgeting, saving, investing).
• Helps recognize and avoid financial scams or predatory loans.
• Reduces financial stress and improves mental health.

The Challenges of Financial Literacy Programs:

• Accessibility: Many people who need these programs the most struggle to access them due to time, cost, or availability.
• Effectiveness: Knowledge doesn’t always translate to real-life application, especially when finances are tight.
• Bias: Some programs run by financial institutions may not always have the learner’s best interests in mind.
• Behavioral Barriers: Impulse spending, anxiety, and systemic issues like income inequality often go beyond what financial education can address.

A Path Forward:

• Financial literacy programs should be combined with broader support systems, including financial counseling, affordable financial products, and policies that combat inequality.
• Making financial literacy accessible through free/low-cost classes, online resources, and community outreach.
• Encouraging listeners to share what they’ve learned about money to create a ripple effect of financial education.

Actionable Takeaways:

• Take one small step today to improve your financial literacy—whether it’s creating a budget, setting financial goals, or signing up for a free financial education course.
• Share your financial knowledge with friends or children to help spread financial empowerment.
• Remember, progress matters more than perfection. Financial freedom is a journey, not a destination.

Links and Resources:

If you found this episode insightful, subscribe to the podcast, leave a review, and share it with someone who could benefit from it.

• Article: Pros and Cons of Financial Literacy Programs
• Free tool Bundle: Dollars and Sense Bundle
• Nurturing Finance for more information.

Connect with Us:

• Website: RaisingFinancialFreedom.com
• Email: info@RaisingFinancialFreedom.com
• Social Media: Links available on the website

Thank you for listening! Don’t forget to like, share, and subscribe. Be kind to yourself and others, and we’ll see you next time.

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#050 In this episode of Raising Financial Freedom, host Eric Yard takes listeners on an inspiring journey to empower kids with financial independence. By teaching them how to earn money, kids not only discover the value of a dollar but also gain essential life skills like responsibility, confidence, problem-solving, and goal-setting.

Eric shares actionable strategies and ideas for kids to start earning—whether they’re creative, tech-savvy, or full of energy. From traditional jobs like babysitting and lawn care to entrepreneurial ventures like selling art, running a lemonade stand, or even helping with social media, there’s something for every child.

This episode emphasizes the importance of guiding, encouraging, and allowing kids the space to take ownership of their ideas. It also explores teaching money management through the save-spend-give method and letting kids learn from their financial mistakes.

To inspire the young entrepreneurs in your life, Eric shares practical tips, anecdotes, and insights to get started, plus a link to an article with over 100 ideas for kids to earn money.

Key Discussion Points:

Why Earning Money Early Matters

• Building confidence, independence, and creativity.
• Teaching responsibility and life skills.

Ways for Kids to Earn Money:

• Traditional Jobs: Babysitting, lawn mowing, shoveling snow.
• Creative Ventures: Selling art, putting on puppet shows, bake sales.
• Tech-Savvy Ideas: Social media content, video editing, selling thrift items online.
• Seasonal Jobs: Lemonade stands, gift-wrapping services, gardening.

Money Management Basics:

• The Save-Spend-Give Method: Teaching balance in financial goals.
• Letting kids make mistakes and learn valuable lessons.

Parental Role in Empowerment:

• Encourage and guide kids without doing the work for them.
  • Provide opportunities for them to try and learn.

The Bigger Picture:

• It’s not just about earning—it’s about empowerment and unlocking untapped potential.

Links and Resources:

• Article: 100+ Ways for Kids to Earn Money
• Free tool Bundle: Dollars and Sense Bundle
• Nurturing Finance for more information
• Contact: Send your feedback or questions to info@raisingfinancialfreedom.com.

Call to Action:

• Challenge: Share one idea from today’s episode with a child in your life and help plant the seed of possibility.
• Share the Episode: If today’s insights resonated with you, pass it along to a friend or family member.

Social Media: Find and follow us on social media through links provided on RaisingFinancialFreedom.com.

Ending Note:
Thank you for listening to Raising Financial Freedom. Remember, empowering children today sets them up for a bright financial future tomorrow. Stay kind to yourself and others. Don’t forget to like and subscribe to stay up to date with future episodes.

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#049 In this enlightening episode of Raising Financial Freedom, we dive into the concept of "FinLit Reflex" – the instinctive financial knowledge and behaviors that can transform how the next generation manages money. Join us as we explore how parents can instill these crucial skills early in childhood, ensuring their children grow into financially savvy adults capable of navigating the complexities of today's consumer-driven world. Discover practical strategies for embedding financial literacy into everyday life, making it as second nature as common courtesy.

• Download Our Free eBook: Visit Dollar and Sense bundle to download "Money Matters for Busy Parents: Bite-sized Wisdom for Financial Success," complete with digital flashcards and a budget planner for kids.
• Read our full article on Fin-Lit Reflex
• Subscribe to Our Newsletter: Stay informed and gain access to exclusive content by subscribing to our email newsletter at Nurturing Finance.
• Connect with Us: Have questions or want to share your experiences? Email us at info@raisingfinancialfreedom.com.
• Stay Updated: Don’t miss future episodes! Like, subscribe, and hit the notification bell on your favorite podcast platform to stay fully up to date NurturingFinance.com

Remember, as a parent, you are the first and last teacher your child sees every day. Start early, set the foundation, and watch them thrive financially forever.

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#048 Raising Financial Freedom" is the essential podcast for parents, guardians, and caregivers committed to breaking the cycle of financial illiteracy. Host Eric Yard guides listeners through the critical aspects of teaching children about money management, investing, and financial independence – lessons often missing from traditional education.

Each episode, released weekly on Fridays or Mondays, combines expert interviews and solo deep-dives to tackle the fundamentals of raising financially savvy kids. From savings strategies to investment basics, we provide practical tools and actionable advice that help bridge the financial literacy gap in our children's education.

Understanding that only half of U.S. states mandate financial education in schools – and even then, just one class – we empower parents to take control of their children's financial future. Whether you're a seasoned investor or just starting your own financial journey, this show equips you with the knowledge and confidence to give your children the head start you wish you'd had.

Join our growing community at RaisingFinancialFreedom.com and NurturingFinance.com, where you'll find additional resources, articles, and interactive features to support your family's financial education journey. New episodes drop weekly, running approximately 30 minutes – perfect for busy parents on the go.

Because financial freedom isn't inherited – it's taught. Start building your child's financial foundation today.

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#047 With inflation and gas prices at an all-time high, it’s time for us to become more aware of our spending, avoid unnecessary expenses, and decrease the amount of debt we’re incurring. One of the major types of debt Americans incur comes in the form of student loans for higher education… and they often stick around for many years! So, how can we help our children avoid student loan debt? Today’s guest is going to teach you!

Meet Brad Baldridge, a college funding specialist and college planning expert who helps parents navigate college planning and expenses through his private practice, blog, and his podcast, Taming the High Cost of College.

In this episode, Brad explains why it’s so easy to get into student loan debt, how to find the best college for your budget, and realistic ways to help your child pay for college without incurring a large student loan debt. Is it worth going into debt for a college education? Listen in to hear Brad’s candid thoughts on the value of a college degree compared to skipping college and going right into the workforce. Plus, Brad shares a few tactics, like hiring a coach, that will help your kids plan their college education, pick their major(s), and get the most bang for their buck.

“It’s a complicated game and you’ve got to understand the rules so that you can use the rules to your advantage… Colleges are a business. It’s their job to help you go to college but it’s not their job to keep your costs as low as possible.” - Brad Baldridge

STAY TUNED FOR FINANCIAL LITERACY MONTH NEXT MONTH!

If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on our website, iTunes, Apple Podcasts, or wherever you’re tuning in from!

Resources Mentioned:

Listen to Taming the High Cost of College

Visit Brad’s Blog

Check out his college planning courses

Connect with Brad on Facebook

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#046 What do you know? We all back the month of February has just flown by what have you done this month? That is interesting. Are you still sticking to your new year's resolution? Because this is the time where everyone quits, some people quit and don't even realize that they quit. The reason I'm talking about this is because I had a conversation with a person about two weeks.

And we was having a conversation about the show and he doesn't plan to teach his kids about any financial literacy. Doesn't have the time to do it at all. Now his main reason for this is because he figures that he grew up fine and his kids will grow up just fine. The thought he just feels flat out through the course of life.

His children will just pick it up and we'll be okay, just like. So essentially for him, he did not have the why to go above and beyond to try to teach his children about financial literacy. And that's what we're going to talk about today.

If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on our website, iTunes, Apple Podcasts, or wherever you’re tuning in from!

Stay tuned for more episodes coming your way!

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#045 How do you make learning about finance fun and easy, especially for kids and beginners? We have someone very special to break it down for you…

Meet Rishi Vamdatt, the 12-year-old personal finance educator and visionary behind Easy Peasy Finance, a kid-friendly resource that can be utilized by parents and educators alike to teach young minds about personal finance while keeping them engaged. Having started learning about finance at the age of 6, Rishi is now using financial strategies that some adults don’t even use or know about.

In this episode, Rishi talks about his journey of learning about finance, his favorite money and finance books for kids, and how he’s applying his knowledge about investing for retirement. He also highlights the benefits of listening to the Easy Peasy Finance Podcast with your kids, the biggest challenges he has encountered along his financial education journey, and the results you can expect from investing your money for retirement. Then, Rishi shares a few simple action steps you can take to get your child or teenager involved in learning about money and finances.

“Now, after these almost four years of Easy Peasy Finance, I’ve kind of learned a lot of things along the way and it’s a lot easier now than it was at the beginning.” - Rishi Vamdatt

Rishi is 12 and he’s already planning for retirement?! Don’t let that intimidate you, though. Let that be inspiration and fuel for you to empower your kids to start making financial decisions early in life! It’s possible and it’s easier than you think.

If you enjoyed this podcast and know someone else who would benefit from it, we invite you to SHARE it & RATE/REVIEW it on our website, iTunes, Apple Podcasts, or wherever you’re tuning in from!

Stay tuned for more episodes coming your way!

Resources Mentioned:

Listen to the Easy Peasy Finance Podcast

Subscribe to Rishi’s YouTube channel

Learn more about Easy Peasy Finance

I Will Teach You To Be Rich by Ramit Sethi

Blue Chip Kids by David W. Bianchi

The Kid’s Money Book by Jamie Kyle McGillian

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