Ep 230: Your kids will be poor if you don't listen to this episode
Description
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It’s that time of year again—back to school season! And while our kids are busy hitting the books, many of them are missing out on some of the most important lessons of all: how to handle money.
In this week’s episode of The Weekly Wealth Podcast, Certified Financial Planner™ David Chudyk shares 10 financial truths he wishes schools would teach kids—plus one powerful bonus tip. These are lessons every parent, student, and young adult needs to hear.
💡 Money isn’t just dollars and cents—it’s a tool. A tool to reduce stress, improve lives, and create opportunities. Whether you’re a parent raising teens or a young adult navigating early career decisions, these insights can shape a lifetime of financial confidence.
What You’ll Learn in This Episode:
- 💼 Lesson #1: Why the harder you are to replace, the more you get paid
- 🎓 Lesson #2: How college and career choices are some of the biggest financial decisions you’ll ever make
- 💳 Lesson #3: The real cost of credit cards and debt (and how it sneaks up on you)
- 🧾 Lesson #4: The basics of taxes everyone should understand before getting a paycheck
- 📈 Lesson #5: How compounding interest can turn small savings into massive wealth
- 💡 Lesson #6: Why budgeting isn’t about restriction—it’s about priorities
- ⏳ Lesson #7: The opportunity cost of small daily choices (like skipping that $13 lunch)
- 🏠 Lesson #8: Why your parents’ lifestyle took decades to build—and yours will too
- 🛡 Lesson #9: The unsexy but critical role of insurance and risk management
- 😊 Lesson #10: Why money alone won’t make you happy (and what actually does)
- ⭐ Bonus Tip: Choose your hard—both financial sacrifice and financial stress are hard, but one leads to freedom
Why This Episode Matters
Most financial stress isn’t about not making enough money—it’s about not handling it wisely. By teaching these lessons early (or learning them now), we can reduce stress, avoid debt traps, and build lives of financial freedom and peace.
Resources & Links Mentioned
- 📌 Book your 10-Minute Wealth Vision Call → weeklywealthpodcast.com/vision
- 🎙 Share this episode with a parent, student, or friend who could benefit from learning these lessons!