The Financial Classroom Canada
The Financial Classroom Canada
The Canadian Financial Classroom
030 | Teaching Your Kids About Finances | ft. Tyson Lawley
48 minutes Posted Jun 2, 2021 at 5:51 pm.
How they paid off $75,000 of consumer debt on a single income and are now debt free.
Started his own self directed investment.
Kids have deadlines on their daily chores to receive their weekly allowance
Explaining interest to kids. Good interest vs bad interest
building credit for your kids
Self control and instant gratification
Teaching our children the importance of generosity
Allowance increases based on capacity and level of responsibility
being intentional with extracurricular activities, time and cost
Student loan debt
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Show notes
You ever wonder how to teach your kids the value of a dollar? Today we spoke with Tyson, father of 4 boys as he shared with us some of the tactics he and his wife use to teach their kids. Our conversation ranged from helping your kids associate the value of allowance with their chores, to developing budgeting and saving skills early on that will stay with them into adulthood. If you’re a parent or soon to be, you will definitely find value in this episode!
You can find Tyson @Tysonlawley_realestate   
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