There’s lots of important life skills that aren’t taught in school, and one of the big ones is handling money. As parents, that job is left to us. And if we don’t teach them well, our children might never be able to afford to live on their own! On this week’s show, I get guidance on what we need to teach our children from financial expert Neale Godfrey, who is leading the conversation in this country about children and money. She began her career as one of the first female executives at Chase Manhattan Bank, then went on to become President of the First Women’s Bank. As a parent, she looked for books and resources to help her teach her children about money and found none. So she jumped in to fill the void. She founded The First Children’s Bank. at famous FAO Schwartz toy store in New York City, and helped found the Institute for Youth Entrepreneurship in Harlem teaching underserved kids how to start their own businesses. She’s written numerous books, including Money Doesn’t Grow On Trees: A Parent’s Guide to Raising financially Responsible Children, which helped by her 13 Oprah appearances, became a #1 NYT best-seller.
Neale is graciously offering listeners a two months free subscription to her newsletter, Common $ense News, so make sure to take advantage of that opportunity. You also don’t want to miss her latest endeavor, Green$treets, a free app that teaches kids about money through game play with characters designed by Shrek creator Tom Hestor. It’s a great fun way to teach younger children about money.