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In this video, I discuss what and how to teach your kids about money. The video covers 6 of life's most important money lessons: -The importance of credit -The importance of tax free investment growth using a Roth IRA -The importance of insurance and more importantly understanding what you are buying -Why credit card debt is very dangerous -Spending less than you earn -Why banking relationships matter This video will help anyone who wants to learn more about the fundamentals of money and how to discuss these in a non-technical way with family members. The Graham Stephan Video Mentioned in this Video: The Millionaire Investing Advice for Teenagers • The Millionaire Investing Advice For Teena... Thank you Graham Important Links: Follow Me on Instagram: / the_schmidtlist Free "Retirement Ready" Checklist: https://holyschmidt.com/checklist/ Federal Reserve Board Survey of Consumer Finances: https://www.federalreserve.gov/econre... Social Security Administration Application for Benefits https://secure.ssa.gov/iClaim/rib Current Social Security Cost of Living Adjustment https://www.ssa.gov/cola/ Social Security Payment Estimator https://www.ssa.gov/benefits/retireme... THE CHANNEL’S MOST POPULAR VIDEOS Should You Take Social Security at Age 62 and Invest it? • Should You Take Social Security at Age 62 ... 7 GOOD REASONS to File for Social Security Benefits at Age 62 • 7 GOOD REASONS to File for Social Security... Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!? • Average Retirement Savings by Age 60. Are ... The BEST AGE to File for Social Security Retirement Benefits • The BEST AGE to File for Social Security R... 3 Social Security "Little Known Facts" That Are REALLY Important • 3 Social Security "Little Known Facts" Tha... Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.