The Personal Finance Podcast - What the 1% Teach Their Kids About Money

Join the Free Master Your Money Workshop on January 14, 2026 here! https://event.webinarjam.com/q05p7/register/gly3qi9?utm_source=email Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Join Master Money Academy https://mastermoney.co/join/ today! In this episode of The Personal Finance Podcast, Andrew reveals the exact money plan for every decade, your 20s are about building the floor by controlling cash flow and starting to invest, your 30s focus on building the engine with a high savings rate and maximizing tax-advantaged accounts, your 40s build the moat through tax strategy and defining your FI number, and your 50s transition to the exit by shifting from accumulation to financial independence. Listen to The Business Show here https://www.thebusinessshowpodcast.com/episodes/ Partner Deals Go to http://acorns.com/pfp and start automating your investments and get a $5 bonus today! Get 50% Off Monarch, the all-in-one financial tool at http://www.monarch.com/PFP Join the loyalty program for renters at http://joinbilt.com/PFP Go to http://policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a $75 SPONSORED JOB CREDIT to upgrade your job post at http://Indeed.com/personalfinance DeleteMe: Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off! Resources Mentioned Get the free Automate Your Money checklist here https://courses.mastermoney.co/automate-your-money-checklist Download the Wealth Builders Matrix here https://mastermoney.co/resources/ Link of the Episode Mentioned: The 1-3-6 Method For Building & Managing Your Emergency Fund https://www.thepersonalfinancepodcast.com/the-1-3-6-method-for-building-managing-your-emergency-fund/ How to Automate Your Finances (Money on Autopilot!) https://youtu.be/Fenu_LtdmZU The Insane Cost Of Childcare and Ways to Help Reduce That Cost! https://www.thepersonalfinancepodcast.com/the-insane-cost-of-childcare-and-ways-to-help-reduce-that-cost/ Latest Podcast Videos: How to Automate Your Finances (Money on Autopilot!) https://youtu.be/Fenu_LtdmZU Why You Keep Failing at Money Goals (And the Simple System That Fixes It) https://youtu.be/_q7SODdcN2E 26 Things to Do with Your Money In 2026! https://youtu.be/aKjOf34eQbE You Can Change Your Finances in 3 Months (Here is How!) https://youtu.be/AZ1p2NLMpaU Connect With Andrew on Social Media: Instagram https://www.instagram.com/mastermoneyco/ TikTok https://www.tiktok.com/@mastermoneyco Twitter https://twitter.com/mastermoneyco Master Money Website https://mastermoney.co/ Episode Chapters: 00:00 Teach Your Kids About Money Like the 1% 01:35 Understand Your Financial Obligation as a Parent 04:22 Avoid Common Money Traps in Social Media 08:15 Implement the Three-Jar System for Kids 11:40 Explain the Power of Compound Interest Early 15:10 Use Household Chores to Teach Value Creation 19:34 Introduce the Concept of Investing to Children 23:55 Set Up a Custodial Roth IRA 28:12 Practice Delayed Gratification With Toy Purchases 32:40 Discuss Family Finances During Weekly Meetings 35:18 Encourage Entrepreneurial Thinking in Your Teens 38:42 Plan the Seeds for Lifetime Wealth 40:15 Join the Master Money Academy