Teaching your kids about money and financial independence
#80: Teaching kids about money isn’t easy, but it’s crucial if you want to boot them off your payroll after they graduate from school. But while financial literacy is good, helping your kids build the mindset and momentum to achieve financial independence is even better. It requires that they internalize (and value) aggressive saving, investing, and compounding…not just living within their means. That’s why I was so excited to chat this week with Doug Nordman and Carol Pittner, father and dau...
Om Podcasten
As a lawyer / engineer / MBA, how can you achieve FIRE (financial independence, retire early) rapidly to quit the rat race, pursue your passions, and live life on your own terms? Andrew Chen – founder of the Hack Your Wealth Blog and lawyer, financial expert (CFA graduate), and tech industry veteran – shows you strategies and tactics to (1) earn, (2) save, (3) invest, and (4) protect as a high earner so that you can build massive wealth and create a portfolio that’s a FIRE machine. Through solo lessons, expert interviews, and side hustle profiles, you’ll learn about tax strategies, retirement account optimization, asset allocation & rebalancing, passive income (real estate investing, side hustling, online business, digital nomading), family finances (e.g., strategizing college education costs), travel hacking, estate planning, and career transitions. Andrew podcasts about the big picture concepts, then adds step-by-step implementation guides downloadable from the Hack Your Wealth website to help you FIRE strategically, methodically, and rapidly.