Financial Literacy for Kids: 5 Lessons to Create Generational Wealth

Supporting financial literacy for kids is a good investment for parents. Here are 5 strategies to build generational wealth at home. The Centstables: https://marriagekidsandmoney.com/thecentsables (sponsor) Crew (get an extra 0.5% APY for 3 months): https://marriagekidsandmoney.com/crew (affiliate) CHAPTERS 0:00 – Intro 0:39 – What is Financial Literacy for Kids? 1:14 – Step 1: Earning Money 2:18 – Step 2: Smart Spending (The 60% Rule) 3:00 – Teaching Needs vs. Wants 3:32 – How to Comparison Shop & Delay Gratification 4:28 – Choosing Experiences Over Things 5:05 – The Centsables 5:47 – Step 3: Giving Back (10% of Money) 7:56 – Step 4: Saving Some (10% of Money) 9:35 – Step 5: Investing for Big Moments (20%) 10:32 – Recap: The 60-40 Generational Wealth Plan #MortgageFree #DebtFree #MortgageFreedom #FamilyFinance #PersonalFinance OTHER VIDEOS TO WATCH GoHenry Review: Financial Literacy and Debit Card for Kids https://youtu.be/dXWvJ67SBHQ?si=lZJ5JAU79T5mZj7b Roth IRA for Kids: Hire Your Child and Invest https://youtu.be/ZL8JwuGjYHI?si=LkmUYMA_1xn_Brxc Best Child Bank Accounts With a Debit Card (2025) https://youtu.be/RTb96IK_vWU?si=qlMNRe33HRvR9Xy8 BIO - ANDY HILL: Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness. Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing on his hammock. ✅ CONNECT WITH US Instagram: http://instagram.com/marriagekidsandmoney Blog: https://marriagekidsandmoney.com Podcast: https://marriagekidsandmoney.com/podcast-archive/ HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Research & Writing: Andy Hill, AFC® Video Editing: Hinz Video Thumbnails: Ardi, The Thumbnail Wiz Channel Management: Nev Maraj