Shelly Young is one of the most approachable finance experts you will ever speak to. She is a certified Financial and Personal Development Coach, a homeschool mom of 4 and serial business owner, author, speaker, and co-owner of several restaurants with her husband in Columbia SC.
As a homeschool mom, Shelly went searching for financial resources for kids and couldn’t find many. So she created her own. Kid$ Finance Camp provides books, apps, resources for kids and teens to learn how to win with money! Shelly is the author of “How to Start Investing as a Kid or Teen”, and many other finance books for kids which you can find on Amazon or her website! Her new 6 book series on investing for younger kids will launch August 1st!
Shelly believes that winning with money is a process that takes time, commitment, consistency, positive mindset around money, discipline, and education. One of the biggest challenges when educating students is a lack of financial knowledge. Kids Finance Camp believes that once kids have the proper financial foundation, they will be in a position to start building wealth from an early age!
Last week we discussed the importance of mindset when it comes to money, why personal finances aren’t well taught in our school system, and what strategies you can start implementing today to teach your kids how to budget, save, invest and develop their financial literacy.
This week, in part two of our conversation, we are exploring how to knock out debt and find a financial system that works for you, the financial myths you need to debunk for your children, and how your feelings around money can influence your kids.
Our discussion today included:
Leaning into less to handle debt
How parents’ feelings on money can influence kids
Myths we need to debunk for our children
The power of Give, Save, Invest
How Shelly personally got out of $65,000 of debt
The importance of an accountability partner and getting clear on your why
Finding a financial system that works for you
The power of time
How to bring your kids on your financial journey with you
How to analyze your budget to make necessary changes
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