Feb 8, 2017
Beth Kobliner is a celebrity in my nerd world: One of the first journalists covering personal finances for the masses for 30 years, Kobliner wrote the New York Times bestseller, Get a Financial Life: Personal Finance In Your Twenties and Thirties that changed the way that we think and deal with our finances. In 2014, she was appointed by President Obama to the President's Advisory Council on Financial Capability for Young Americans.
Fast forward to today, and Kobliner's Make Your Kid a Money Genius (Even If You're Not), is out on Amazon and in your local bookstore.
In this interview, Beth Kobliner and I talk
about:
- Why 'why genius' is not a sales gimmick — master a few basic money habits and skills and you will beat out the vast majority of Americans.
- Why you should not tell your kids your salary.
- Allowance? Doesn't matter! Studies show conflicting evidence as to whether this helps or hurts kids. Do what you want!
- Chores? YES!
- Top mistakes parents make when it comes to paying — and applying for — their kids' college.
- How Kobliner's parents thrifty ways shaped her financial future.
- Can you really teach a preschooler how to save and budget (spoiler alert: YES!).
- How to let your college grad move back home without promoting co-dependence or entitlement, and save the relationship with your kid!