Build A Bigger Life
BABL 017: Rob Pivnik on Raising Money Savvy Kids
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:35:52
- More information
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Synopsis
Rob Pivnick on Raising Money Savvy Kids Rob Pivnick is Associate General Counsel for a major investment firm with a passion for educating young people about money. Our connection was made through some financial education contacts that have promoted each of our books. Because we’re in the same space, I thought Rob would be a fantastic addition to the Build A Bigger Life Podcast interviews. Rob is passionate about two things: Negotiating Financial Literacy Pivnick wrote a book called What All Kids (And Parents Too) Should Need To Know About Investing. It’s a very simple way to explain investing to kids, a product of Rob’s desire to teach his kids about investing in the market. Around 7:00, we discussed the philosophies around allowance, how to pay kids for chores done, and what kids should be responsible to pay for. Rob suggests having kids paying 10% of the fees to sports and activities that they’re a part of -- it puts skin in the game and keeps them from making excuses about why they don’t want to go to prac