Today’s guest is Rob Phelan. On today’s show, I chat with Rob about his own entrepreneurial pursuits, how he is helping today’s preteens and teens start their own business, and we chat about his latest book to teach young children about money.
Today’s Guest
Rob Phelan
Rob is an entrepreneur and high school math and personal finance teacher. He currently lives in Maryland with his wife and son. He is the founder of The Simple Startup, where he teaches budding entrepreneurs between the ages of 10-18 years old how to start their first businesses. He is also a co-creator of the Pre-K through Gr 12 ChooseFI Foundation Personal Finance Curriculum, which was created to help our youth to learn about money from the ground up. He is also an author, recently publishing his latest children’s book “M is for Money”, which introduces 3-8 year-old children to age-appropriate money words to normalize conversations about money.
- The Simple Startup | website for online courses geared towards young entrepreneurs
- The Simple Startup | Follow on Instagram
- M is for Money book | website to purchase the book
- Follow Misformoneybook on Instagram or Facebook
- Follow Rob Phelan on Twitter or LinkedIn
You’ll Learn:
- Rob’s origin story and his childhood experiences in relation to money and entrepreneurship
- What helped Rob develop his capacity to earn money and his mindset around entrepreneurship through solving problems
- How entrepreneurship helps kids learn impactful life lessons even if they don’t become one
- Rob’s journey to seek knowledge about personal finance and money
- The genesis of The Simple Startup
- The common misconceptions kids (and adults) have about starting a business
- Rob’s framework to coming up with a business idea
- His approach to creating the ChooseFI Financial Education curriculum for kids through a financial independence lens
- Why having a child changed Rob’s approach to financial independence and why it is important for kids to learn about those choices at an early age
- Genesis of M is for Money book and how it builds money vocabulary at an early age
- Why building kids’ vocabulary about money and having early conversations will build a generation that makes better money decisions and remove money as a taboo subject
- How Rob ran a successful kickstarter campaign to fund the production of M is for Money and showed his students how to start a business for free
- How to increase dialogue about money between kids and parents
- How kids best learn and how parents can apply this when teaching their kids about money
Resources
- The Automatic Millionnaire by David Bach
- Free pdf at The Simple Startup: 102 business ideas for young entrepreneurs
- Lance Wilson, 14 year old award winning nature photographer | website | Instagram
- ChooseFI Foundation | website
- Kickstarter | website
- Grandpa’s Fortune Fables by Will Rainey [Amazon Affiliate link]
- The Richest Man in Babylon by George S. Clason [Amazon Affiliate link]
- Follow and tag moneydadpodcast on Instagram to comment on topics and ideas discussed during the episode that resonated with you
Thanks for listening!
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Thanks to Rob for joining me this week!
Make sure to catch up on last week’s episodes “Episode 001: Welcome to the MoneyDad Podcast!”, “Episode 002: Make Money and Investing Fun for Kids with Hasina Lookman” or Episode 003: Teach your kids to be money-smart for life with Robin Taub”!
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