The Ultimate Guide to Finance for Parents | Adam Nash (Dad of 4, Daffy, Wealthfront, LinkedIn)
Description
Adam Nash is a long-time Silicon Valley executive, investor and advisor. He was the President and CEO of Wealthfront, a Product executive at Dropbox and LinkedIn, and teaches a course on personal finance for engineers at Stanford. He is currently the co-founder and CEO of Daffy, the donor-advised fund for you and a champion of charitable giving. In addition to his long and successful career he’s also a husband and the father of four kids! In our conversation today we discussed:
* How to raise financially literate kids
* How to think about the question of “am I financially ready for children” and is that the right question
* How to teach your kids about charitable giving and philanthropy
* The challenges of starting a company as a parent
* The concept of “super powers” at work and at home
* How to talk about money with your wife and kids
* How to do financial planning in your household
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Where to find Adam Nash
* Linkedin: https://www.linkedin.com/in/adamnash/
* X: https://x.com/adamnash
Where to find Adam Fishman
* FishmanAF Newsletter: www.FishmanAFNewsletter.com
* LinkedIn: https://www.linkedin.com/in/adamjfishman/
* Instagram: https://www.instagram.com/startupdadpod/
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In this episode, we cover:
[1:41 ] Welcome
[2:47 ] How did you develop your passion for finance?
[5:31 ] When are you financially ready for children?
[12:05 ] Was financial literacy part of childhood?
[14:55 ] Kids ages and background
[15:25 ] Decision to start a family
[18:26 ] Guardrails
[23:35 ] Conversation with partner about startup
[27:12 ] Concept of superpowers
[31:56 ] Advice to younger Adam
[35:49 ] Advice to ignore
[38:53 ] How do you build financially literate children?
[44:09 ] What is a DAF?
[51:18 ] Your family’s philanthropy & impact
[53:51 ] Financial review
[57:27 ] Financial apps
[58:48 ] Mistake as a dad
[1:03:57 ] Rapid fire
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Show references:
Daffy: https://www.daffy.org/
Wealthfront: https://www.wealthfront.com/
Dropbox: https://www.dropbox.com/home
LinkedIn: https://www.linkedin.com/feed/
Stanford: https://www.stanford.edu/
Quicken: https://www.quicken.com/
Steve Jobs: https://www.britannica.com/money/Steve-Jobs
DonorsChoose: https://www.donorschoose.org/
Greenlight: https://greenlight.com/
Monterey Bay Aquarium: https://www.montereybayaquarium.org/
Acorns: https://www.acorns.com/
Plenty: https://www.withplenty.com/
Apple watch: https://www.apple.com/watch/
Jewish Community Center: https://jcca.org/
Cars: https://www.imdb.com/title/tt0317219/
Animal House: https://www.imdb.com/title/tt0077975/
Back To School: https://www.imdb.com/title/tt0090685/
Real Genius: https://www.imdb.com/title/tt0089886/
Star Wars: https://www.starwars.com/films
Back To The Future: https://www.imdb.com/title/tt0088763/
Toyota Sienna: https://www.toyota.com/sienna/
Honda Odyssey: https://automobiles.honda.com/odyssey
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Production support for Startup Dad is provided by Tommy Harron at http://www.armaziproductions.com/
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