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From Lemonade Stands to Rental Properties: Teaching Your Children Financial Literacy - Ep 12
Manage episode 381637157 series 3503111
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In this episode, hosts Brett and Laura Chotkevys interview two special guests, their daughters Brooklyn and Blakely. They explore the vital topic of teaching kids how to manage money from a young age. The conversation delves into their family's journey in introducing financial literacy and financial independence to the next generation.
They discuss practical techniques, such as cash flow management and the envelope system for budgeting, as well as the crucial lessons learned from their entrepreneurial endeavors, which started with a lemonade stand and evolved into a successful jewelry business.
The episode also highlights the significance of cultivating an abundance mindset and the girls' early preparations to invest in their first rental property, emphasizing that it's never too early for children to begin building wealth. This episode serves as a valuable guide for parents seeking to empower their children with essential financial skills and set them on the path to financial independence.
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