Your Kids, Their Money: A Parent’s Guide to Raising Financially Literate Children with Clifton Corbin, Episode 028

Today’s guest is Clifton Corbin, the author of “Your Kids, Their Money”, focused on providing parents with the skills and tools to teach financial literacy to their children

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Today’s Guest

Clifton Corbin

Clifton was a business consultant with over two decades of experience when he left the office to become a full-time stay-at-home dad. During this time, he authored his first book, “Your Kids, Their Money”, focused on providing parents with the skills and tools to teach financial literacy to their children.  Clifton graduated from Niagara University with a master’s degree in business administration. He has spent years studying finance and is a passionate advocate for advancing the financial literacy of children and young adults.  He lives with his family in Toronto.

• Follow Clifton Corbin | Website | Instagram
• Purchase the “Your Kids, Their Money” book on Amazon 

You’ll Learn:

• Clifton’s exposure to money and finance growing up
• His mistakes in university running up credit card debt and going through a debt spiral
• Important money lessons and the mindset that Clifton learned from his parents, and how he instills those lessons in his own children
• What inspired Clifton to write his book “Your Kids, Their Money” to help parents avoid the pitfalls he went through
• Strategies that parents of little children can use to teach their kids about money in a fun and enjoyable way
• The importance of giving your children the opportunity to practice good money habits
• The benefits of using storytelling to teach money and financial education lessons 
• How making early financial mistakes can actually benefit your child
• The unconventional strategy of lending money to his kids
• The do’s and don’ts of using an allowance as a tool of parents to help kids practice good money habits
• The most important thing that parents must remember to do, in combination with the practice they give their kids
• The best ways that we can teach our kids about earning money
• The importance of exposing our kids to all the different ways people create income

Resources

• Episode 025: Teach Your Kids the Importance of Multiple Income Streams with Maya Corbic from Dinarii Financial Education 
• Sapien by Yuval Noah Harari 
• The Richest Man in Babylon by George S. Clason
• Follow and tag moneydadpodcast on Instagram to comment on topics and ideas discussed during the episode that resonated with you or share with a friend

Thanks for listening!

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Thanks to Clifton for joining me this week! 

In case you missed it, make sure to catch up on last week’s episode “Episode 027: Secrets to Hiring Your Kids the Tax-Smart Way so they Earn Income with Cherry Chan”!