posted on June 30th 2020 in LA/OC CFP Team Posts with 0 Comments /

WorthPointe advisors John Chapman and Matt Addington — both fathers of three — talk about the need to educate children about money in a new video. The discussion was spurred by a recent Twitter post from Kyng Kyren, Can’t Be No Sucka Wit Ya Money, which shows him talking with his young daughter about things like assets and liabilities.

Acknowledging the importance of setting a good example, since children are watching, John and Matt recommend finding simple teachable moments early, and gradually working toward more complex concepts, like compound interest. Other topics they discuss include allowance versus commission, creating simple budgets to introduce the concepts of giving and saving, and starting with the end in mind — preparing kids for being savvy with money as adults. Watch here.

other articles by:

Continue Reading

Other articles filed under LA/OC CFP Team Posts

Proactive Estate Planning

February 18, 2021 - No one likes to talk about their own death, so estate planning is something often put off—or not done at all—with unfortunate consequences. WorthPointe advisor John Chapman talks with estate planning attorney Darlynn Morgan about why it’s so important to...
Continue Reading

Presidential Elections and Investing

November 2, 2020 - With the 2020 election just around the corner, many people may be wondering how the stock market might react and if they should be reviewing their investments leading up to November 3. Understanding that, WorthPointe advisor John Chapman dedicated a...
Continue Reading

5 Myths About Retirement Planning

October 28, 2020 - As I work with more people to help them plan for retirement, I realize there are a lot of myths floating around about the planning process. Here are five of them — debunked. Myth 1: A financial advisor will help...
Continue Reading

Educate Yourself Before Using Stop-Loss

August 4, 2020 - Given the recent market volatility, WorthPointe advisor John Chapman has received many calls from clients who wonder if it’s a good idea to set a limit on their downside by using a stop-loss order. In an educational video, he discusses...
Continue Reading

Managing Education Costs For Learning Challenged Students

August 2, 2020 - WorthPointe advisor John Chapman recently was the special guest on LD Expert Live, a weekly YouTube show hosted by Jill Stowell, founder of Stowell Learning Centers. The focus of their conversation was how families can manage the additional costs of...
Continue Reading

Return to Blog Home