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Teach Your Kids About Money & Financial Literacy
Rating: 4.6 out of 5(27 ratings)
518 students

Teach Your Kids About Money & Financial Literacy

Empower Your Children with Financial Skills, Personal Finance, Investment and Entrepreneurship
Created byDr. Tung Phan
Last updated 10/2024
English

What you'll learn

  • Understand the value of money, how to budget with the 30/60/10 method, and differentiate between assets, liabilities, and their impact on net worth.
  • Identify different income types, how to generate passive income, and why buying assets instead of liabilities is key to building wealth.
  • Learn the importance of managing cash flow, reading financial statements, and why “savers are losers” when it comes to achieving financial freedom.
  • Develop smart financial habits, such as giving back and investing wisely, to make money work for you rather than relying on active income.

Course content

5 sections • 30 lectures • 1h 8m total length

  • What is money? Value of money1:16

    Money is something that people use to buy things they need or want. It's like a special tool that helps us trade and exchange goods and services with each other.


    But what makes money valuable? The value of money comes from the fact that people believe it has value. For example, if you have a $10 bill, you can use it to buy things worth $10. But if everyone suddenly stopped believing that $10 was worth anything, then your $10 bill would be worthless.


    The value of money is also affected by things like supply and demand. If there's a lot of money in circulation and not many things to buy, the value of money might go down. But if there are a lot of people who want to buy something, the value of money might go up because people are willing to pay more for it.


    So, money is a very important tool that we use every day, but it's only valuable because people believe it has value. That's why it's important to use our money wisely, to make sure we're getting the most value out of it. And saving and investing our money is a great way to make sure we can use it for things that are really important to us in the future.

  • What is money? Value of money
  • Story: Soldiers & Dragons2:27
  • 30/60/10 Budgeting Method2:21
  • Story: Max & Mia's Budgeting Adventure1:56
  • Incomes and Expenses2:25

    Explore the difference between incomes and expenses and learn how budgeting and smart money decisions shape financial goals. Discover active vs passive income to plan for wealth over time.

  • Sally's Income Story: From Allowance to Entrepreneur2:26
  • Create a personal budget using the 30/60/10 method

Requirements

  • There are no requirements for this course, except having a positive attitude to learn.

Description

IT'S TIME TO TEACH YOUR KIDS ABOUT MONEY & PERSONAL FINANCE!

Most schools don’t teach financial literacy, leaving kids to learn about money the hard way. But what if your child could master these skills early on? Imagine the confidence and clarity they would have in making financial decisions throughout their life.


This course is designed to make financial education fun, engaging, and easy to understand for kids. Through interactive lessons and captivating stories, we teach kids the fundamentals of money, budgeting, saving, investing, and financial independence.


Why should you enroll your child today?


1. Real-Life Money Skills: From understanding the value of money to building assets, your child will gain practical knowledge they can use right away.

2. Hands-On Learning: We use stories, examples, and scenarios to make complex topics easy and memorable.

3. Build Confidence and Independence: Equip your child with the mindset and skills to grow their wealth, avoid debt, and achieve financial freedom.


Want to take your child’s learning experience even further? TeeFi offers a 14-day free trial where kids can engage with interactive games and learning modules on financial literacy. Register at TeeFi and explore the world of Finatopia to reinforce the lessons learned in this course! Please note this course does not include games. Only videos.


Don’t let your child be left behind.

Sign up now and help your child take control of their financial future—one lesson at a time!


Section 1: Understanding Money and Its Value


• Lesson 1: What is money? Value of money

• Lesson 2: 30/60/10 Budgeting Method

• Lesson 3: Incomes and Expenses


Section 2: Managing Your Money Wisely


• Lesson 4: Assets and Liabilities

• Lesson 5: Net Worth = Assets - Liabilities

• Lesson 6: Cash Flow = Money coming in - Money going out


Section 3: Growing Your Wealth


• Lesson 7: The Financial Statement: Your Key To Financial Freedom

• Lesson 8: Savers are losers. Why?

• Lesson 9: Make money work for you: Buying assets


Section 4: Types of Income and Financial Independence


• Lesson 10: What is passive income? Why is it important?

• Lesson 11: Active income: Selling time for money

• Lesson 12: Your own business is your asset


Section 5: Smart Financial Decisions and Habits


• Lesson 13: Don’t save your money in banks. Why?

• Lesson 14: Your car is not an asset. Why?

• Lesson 15: The habit of giving back


DISCLAIMER: Please be aware that I am not a licensed financial advisor, and the information contained in this course should not be considered as professional financial advice. The content is presented strictly for educational purposes and represents my personal experiences and viewpoints on financial principles. It's crucial for you to undertake your own research and seek advice from a certified financial professional prior to making any financial decisions.

Who this course is for:

  • This visual learning course is designed to teach personal finance in a fun and engaging way for middle school and high school students aged 10 to 17. It’s also suitable for anyone seeking an intuitive understanding of personal finance concepts.
  • In accordance with Udemy’s policies, this course is intended for purchase by adults on behalf of their children or teenagers. If you are under 18, please have a parent or guardian create your account, manage enrollment, and oversee your learning experience.

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