Raising Financially Savvy Kids and Reaching FI with Lacey Filipich, Episode 39

Today’s guest is Lacey Filipich.

• Click above or listen to the episode on your favourite podcast platform here (Apple Podcast, Spotify, Google Podcasts, Stitcher, Podchaser, Overcast, Castbox, etc)

You’ll Learn:

• What Lacey’s childhood was like as it related to money and finances, and her late mother Fran was such a key influence
• The day thirty years ago that she started saving half of every dollar that she earned
• What gave Lacey the courage and conviction to purchase her first real estate property at 19 years old
• Advice she would give to parents on learning about money
• The importance of allowing your kids to make mistakes
• Why it is so crucial that kids learn about money and why we, as parents, should be teaching them
• The importance of feeling comfortable talking about money at home
• How studies have shown that financial stress lowers your IQ by 13 points, leading to poorer decisions
• Strategies parents can implement to teach kids how to manage money
• Strategies parents can implement to teach kids how to grow wealth
• Why the best thing we can get our kids to do is start thinking entrepreneurial about earning money
• The importance of getting your kids to practice their negotiation skills
• Providing opportunities to loan your kids money to make larger purchases, instead of giving it to them
• The importance of allowing your children to take part in a variety of different experiences, e.g. Australian stock exchange, virtual monopoly
• What inspired her to create Maker Kids Club and how learning enterprise skills can result in getting full-time work 17 months faster 
• The one thing that Lacey would highly encourage kids between 10-12 years old to do
• Money School, the book – inspired what is the concept ,why it is so important and how do we get there?
• How to achieve financial independence and be Time Rich

Resources