Episodios

  • Are you getting the best deal?: Price Comparison Shopping

    Are you getting the best deal?: Price Comparison Shopping
    Jun 17 2024
    My Mom is joining me on the show today? Hello. Welcome back Cash Kid audience! We are so excited every week to see our listener count grow and your involvement in the Cash Kid movement to build the savviest and most educated financial generation ever. I get asked a lot about how people can be a part of the Cash Kid Podcast movement. First, please follow us on one of our social channels at Instagram, Facebook or YouTube. Just search Cash Kid Podcast and start following us. Interact with our content by sharing, liking or commenting. Also, we’ve got merch! Purchasing this merch directly helps us continue to produce this podcast and help market our efforts. And, Join our mailing list. No, we don’t send a lot of emails. Actually, just once a month, but this list is a great way to stay up to date on giveaways and a recap of what we covered on the podcast recently. Alright, let’s jump into today’s discussion. Price comparison shopping. There are always ways parents can be involved in helping their kids learn about finances and I’ve had some instances over the last few months where my parents have stepped in to keep me or my siblings from making a quick purchase to stop and think about it and do some research before buying. One instance is my dad took us fly fishing for the first time back in March. I loved it! And I came home and right away started filling up my cart with brand new fly fishing gear. I wanted to go fly fishing again. My mom, however, was like, “Why are you buying, new gear? Save your money and search trading sites and yard sales for used gear. You’ll be able to spend half the money. You don’t need to buy new, especially at your age.” I knew then I needed to think more about comparing prices and options before I spent my hard-earned money. So, let’s talk about how to get the most bang for your buck! (music interlude) Now, how do you know if you've found the best deal? First, you need to learn the skills of price comparison. This means taking the time to research and compare prices of similar products from different retailers. We can easily do this at home online. Many websites offer price comparison tools that allow you to easily compare prices from different retailers. We use a Chrome extension called “PayPal Honey” that while we shop around online it will bring a pop-up telling us the price comparison difference of this same item across different stories. Then when we go to check-out, it will try out various coupon codes to see if any will work with our purchase. Another is Simplycodes. It’s an app and an extension online to pull up coupon codes and deals. Let’s give a real world example. Let’s say we’re shopping for a new GoTrax Electric Scooter. Let’s first search on Google. You’ll see right away various options from different stores. Our honey and simply codes widgets show up to the side and will tell us what the price difference is between some stores and Honey will actually tell us the price history of this item over time. So, don’t just settle for the first price you see. Another example is this past week my little brother wanted to buy a new snow cone machine. We found one we wanted on Amazon for real cheap. But when we went to check out, the shipping was almost the same price as the item. I then searched around and found…. Cash Kid: Now, I’m going to bring my Mom into this conversation to share a few of her thoughts on price comparison. Welcome to the show, Mom. Mom: Thanks for having me. Cash Kid: What are some skills you were taught or learned around price comparison? Mom: Well, I come from a long line of very frugal women in my life. Until probably my 30s I had what I termed, “Full Price Phobia” which meant I would literally go without something I needed just because I wasn’t willing to pay full price. I’ve grown out of that over the last ten years and we’ll talk more about that later. I can remember though my Mom taking me grocery shopping and it felt like it took forever as we took our time searching through coupons my Mom had clipped to only get those items that were on sale and we had to have a coupon. My grandmother was one of those people who was savvy enough to use coupons and watch sales to go to check out and the store would owe her money. I remember seeing the receipts, it was pretty impressive. Using coupons grocery shopping like that isn’t as big of a thing anymore so it’s been a shift to buying store brand items to save or buying things when it’s buy one get one free and stocking up. You like to do that with gum. The Cash Kid loves gum and if our Publix has it buy one get one free, he asks me to stock up. Buying in bulk at places like Costco and Sam’s Club is a way to save with a lot of house hold items. I’ve done the price comparison on several items of ...
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    13 m
  • Who is Protecting Our Investments?

    Who is Protecting Our Investments?
    Jun 4 2024
    If we're going to be money-savvy kids, we must know how to watch out for scams and frauds that will cause us to lose our hard-earned money. In this episode of the Cash Kid Podcast, we explore the importance of investment protection and scam prevention with Amanda Senn, the director of the Alabama Securities Commission. Learn about the role of the Securities Commission, real-world examples of its impact on preventing fraud, and how technology affects financial safety. Discover actionable tips on how to safeguard personal information, the significance of financial literacy, and the new financial education requirements for high school students. This informative episode aims to educate kids and adults alike on the essentials of financial protection and literacy. Episode: So, you got some cash, maybe from an allowance? Or, that money your grandma gave you for your seventh birthday. Here ya go, sweetie! Woo hoo! Thanks, Grandma! Whatever it is, what are you gonna do with it? Spend it? Hide it away? Or maybe invest it? Let's start learning how to make that money grow. Time to learn how to be a Cash Kid. Millions of dollars lost to fraudsters. Scams across the states. The elderly and kids are big targets. Who is working to protect our investments? And how can kids my age help stop these scams? Plus, taking a financial course is now a graduation requirement in my state. Yep. We’ve got it all covered in this episode of the Cash Kid Podcast where we went on the road to talk with The Alabama Director of the Securities Commmission, Amanda Senn. I personally, had no idea what this department in our state was doing for us everyday. How there are people behind the scenes working to make sure only legitimate business is being conducted and stop fraudsters so we can protect our hard earned money. If you aren’t already, be sure to follow us on social media @cashkidpodcast. Visit our website at cashkidpodcast.com and join our mailing list. Please, please, leave a review from whatever platform you are listening from and help us spread and grow the Cash Kid mission. Alright, we traveled to Montgomery, Alabama to conduct this interview with Ms. Senn. So let’s jump right into it! Cash Kid: Welcome to the show Ms. Senn. And first off, tell us a little bit about yourself. Amanda Senn: Thank you, Cash Kid. I'm glad to be here. My name is Amanda Senn, and I've been with the Alabama Securities Commission for almost 16 years. Interesting fact, I started as an intern and worked my way up, became general counsel, deputy director enforcement and then last year, succeeded at the long time director,Joe Borg, as the director of this agency. Cash Kid: Yep, that's really interesting. So, what is a securities commission and why do we need it? Amanda Senn: So, a security is more than just a stock, a bond, a debenture. There are a laundry list of things that are covered, but it's essentially anything with a view toward an investment. So, you don't actually have to have a writing. But, our agency enforces laws that, um, directly impact. People who sell securities and Those products that are considered securities. We also serve as a resource to our financial industry in the state. Oftentimes some of the smaller businesses don't always have the tremendous amount of resources that the larger firms have. So we're in a unique position to be able to collect information from across the United States and provide it to our industry folks to let them know what's going on and hopefully keep them apprised of all the trends that are coming out in the financial industry. So can you explain how you advocate for investor protections? Why do, why do we need this protection? Just to be clear, there are two securities regulatory bodies, the Federal Securities Exchange Commission and then the State Securities Commissions. The State Securities Commission, our office here, does have some dual oversight with the federal government, but we are exclusively responsible for certain investment advisor And we retain, um, fraud authority so we can prosecute any cases where we have some crook that comes into our state. Because I'm certain none of our Alabama residents are crooks. They come into our state and, um, and represent, um, That, you know, we have this typically what we'll see. So we have this great investment opportunity and, um, it's going to grow jobs in the state and we need investor capital and I'll put it with my, um, you know, business model and my plan and we'll help grow this industry. What happens in a criminal case is they take the money and they don't do what they told the investor they would do with it. They instead funnel it into personal expenses. Sometimes these crooks buy houses, cars, diamond rings for their girlfriends. It's not always a guy though. Sometimes we have female crooks, but they will just take money and, and steal it. So. Um, so investor ...
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    19 m
  • Overcoming Roadblocks to Teaching Kids Financial Lessons

    Overcoming Roadblocks to Teaching Kids Financial Lessons
    May 20 2024
    Overcoming Roadblocks to Teaching Kids Financial Lessons Intro: So, you got some cash, maybe from an allowance? Or, that money your grandma gave you for your seventh birthday. Here ya go, sweetie! Woo hoo! Thanks, Grandma! Whatever it is, what are you gonna do with it? Spend it? Hide it away? Or maybe invest it? Let's start learning how to make that money grow. Time to learn how to be a Cash Kid. What's up Cash Kids and here's a fun fact for y'all. Did you know that 57% of parents have some reluctance to discuss money matters with their kids? And 50% of America's youth will learn less than their parents? That doesn't sound right. So, joining us today is the financial "dadvisor", Anthony Delauney. Mr. Delauney is a certified family financial planner, and a behavioral financial advisor, and the author of the award-winning "Owning the Dash" children's book series. He's joining us today to talk about some of these roadblocks to teaching kids financial lessons today and how a more cashless society can be a challenging way to make money tangible for kids. Plus, we'll discuss his book series and stay tuned to the end for a free giveaway. Welcome to the show, Mr. Delauney, and first off, tell us a little bit about yourself. Anthony Delauney: Thank you so much for having me. Um, so I have been a financial planner for the past 21 years. I started it right out of college, and I discovered pretty early on that I loved helping families. Since I started, I got married, had children, bought my first home, bought another home, went through all those fun stages, and realized that, um, it's hard enough to figure out stuff on your own, but when you've got to figure it out as a family, it gets really crazy. And when it comes to talking to your kids about it, it gets even crazier. Cash Kid: Mr. Delauney, we started to talk about how 57% of parents are reluctant to discuss money matters with their kids. Why do you think this is the case? Anthony Delauney: The simplest answer I can give you is, I have spoken in front of adults, uh, for some time, for 20 plus years, and I am more nervous about this interview speaking to a child than I am speaking to adults. And I think that part of the reason that it's so hard for a lot of kids to learn about these things is because parents don't know what to say or afraid of what to say. And sometimes we're intimidated around even having the conversation. They don't want to mess up for their kids. Cash Kid: That's a great point. Why is it crucial that financial planning be a family affair? Anthony Delauney: It's important because the sooner we start talking about these lessons and kind of getting the real basics of how life works, investing and all that stuff is really important, but really understanding how a budget works, understanding how money works, understanding how to live life on your own, the sooner we can start instilling those lessons and teaching them, just like brushing your teeth. As soon as you start to learn that, it becomes a habit, it becomes a ritual, and you become, it's part of your life. If we don't teach those lessons early enough, it becomes much harder to learn them later in life. And, once kids are on their own, it's, it's, we don't have as much involvement in the lessons that they learn. Cash Kid:: Totally agree with that. And so, what tips do you give parents to start the conversation with their children around money? Anthony Delauney: Sure. So, I think the most important part is, just like this conversation today, You are, you're the cash kid, but you have an intrigue. You have a desire to learn. And most children do have that desire. Even as very young children, kids want to play grownup and want to do the different activities that they mimic their parents, the good and the bad parts of what their parents do. So, um, if we can, when it comes to talking to our children, treat them like many adults, treat, treat them, like respect them. Okay. not judge them. I think that's the biggest part is when it comes to having these discussions, we want to be there for them. Let them know that they can they're in a safe environment where they can talk about things where they can ask questions where they can fail. But if they do fail, parents have to be really mindful of how they react because the kids are not only focusing on the lesson being learned, but how are my friends, my family and others treating me? Based on my response and my questions and my, you know, my mistakes. Cash Kid: I totally agree with that statement. So do you have any financial lessons to teach elementary or teenage children? Anthony Delauney: So I've had for, as I mentioned, being an advisor for 20 years, for families, I get the question a lot. How and when do I start talking to my kids about these various topics? And one thing I've noticed as a parent and as a, an advisor is that sometimes when we ...
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    16 m
  • The Cost of a Puppy-Financial Freedom-Financial Mindset

    The Cost of a Puppy-Financial Freedom-Financial Mindset
    May 6 2024
    A one-time expense vs an ongoing cost. Do you know the difference? In this financial podcast episode with the Cash Kid, he'll explain why understanding this concept can help us achieve financial freedom and independence earlier in life. This is a way to help the next generation by building wealth instead of debt. Plus, a new segment on the show called "Stock Talk!" Listen in as the Cash Kid helps shape our financial mindset to think before we buy. Want to learn more about the Cash Kid? Visit our website and join our mailing list at: www.cashkidpodcast.com Also, check out our Cash Kid Merch store! Transcript Intro: So, you got some cash, maybe from an allowance? Or, that money your grandma gave you for your seventh birthday. Here ya go, sweetie! Woo hoo! Thanks, Grandma! Whatever it is, what are you gonna do with it? Spend it? Hide it away? Or maybe invest it? Let's start learning how to make that money grow. Time to learn how to be a Cash Kid. Welcome back to season two of the Cash Kid Podcast. Last episode we celebrated our one year anniversary mark and now we are charging forward with more topics and skills to learn and teach. If you aren’t already, please be sure to follow us today on Instagram and Facebook @cashkidpodcast. Also, head to our website and be added to our mailing list. This is a great way to be a part of the Cash Kid movement to empowering the next generation to build super financial skills at a younger age. This week, our episode is “The Cost of a Puppy.” We’re not going to just talk about puppies… even though, that would be cute and fun. Our focus is discussing the difference between a one time purchase and an on-going purchase. Do you know the difference? Many times as kids, because we don’t pay the bills, we might not understand this concept and have to be enlightened by an adult of the difference. But, knowing what’s a one time purchase vs. an on-going purchase is a concept we need to understand, especially before we find ourselves in debt and having to sell back the thing we purchased. Yep, it happens. So, let’s talk about it. What’s considered a one time purchase? A car or a video game? A bike or a cellphone? A puppy or a remote control car? Let’s start with a bike vs. a cellphone. Before I knew better, I used to think you just purchased a phone and that was it. But then my parents talked to be about how a cellphone is not a one time purchase. In fact, just this past week, my nine-year old brother saw this ad where you could purchase an iPhone 14 for just $5.99. He was like, “See Mom, I can afford that?” My Mom then explained to him to look at the fine print. Yeah, it’s that much smaller writing under the large discount price in bold that states it’s $5.99 a month for the next 36 months under a contract with that cellphone carrier . Then Mom explained how you’ll also need a cell plan to go with that which can cost upwards of $30 dollars or more per month. See a cellphone, while to a kid it just seems like an object you buy once and that’s it, is actually an on-going monthly expense… usually for your parents at this age. My brother’s not getting a phone… Now a bike on th other hand, it’s a one-time purchase. Except for the time I wrecked mine and we had to spend a little extra to get it fixed. But asking your parents for a bike is different. There may be some repair costs at times. Like a new tire or brake, but it doesn’t have an ongoing expense like a cellphone. We’re going to talk about that puppy and the debate in our house over having one, coming up. More purchase comparisons on the way. (Music interlude) It’s time for a new segment on the show called “Stock Talk.” If you follow us on social media, you’ll see I like to talk about stocks. Following different companies stock prices, what’s going on in the news about their company, and seeing the prices rise and fall excites me. I’ve found more and more of my peers asking me about the stocks I’m interested in. Why I’m invested in them? And how do I invest? Now, I’m not an advisor, but I’m trying to teach my friends and our audience how you can research companies and stock yourself. So, each episode I’ll hit on a stock either I’m watching or researching and why. This week, since we just finished talking about a cellphone, let’s look at Apple. Apple became a publicly traded company on December 12th, 1980. Their stock price started at $22.00 per share. Apple’s stock has split five times since it went public. This increases the number of shares in a company and makes the price per share at a more affordable cost for investors. To purchase a share today would cost you $173. If you had purchased a share of Apple just three years ago at the price of $131 dollars, you’d be up $52 dollars at this point. And ...
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    9 m
  • One Year of the Cash Kid!

    One Year of the Cash Kid!
    Apr 15 2024
    It's our anniversary! We're celebrating our first anniversary of starting this podcast with a talk with the Cash Kid on what he's learned from this experience, a recap of this last year, and what's in store for the future of the Cash Kid Podcast. Plus, a couple of announcements near the end of the episode (and bloopers!) Listen in, the Cash Kid Podcast is underway. Learn more about your ad choices. Visit megaphone.fm/adchoices Transcript Intro: It’s our anniversary. This week we are celebrating the 1-year anniversary of the Cash Kid Podcast. We could not be more excited to have you join us on this financial journey as we work to build super financial skills for the next generation. How did this podcast get started? Where are we headed? And what I have I learned from this experience? Plus, some bloopers to share from recording this last year. And stay tuned to the end for two special announcements as well. We’ll discuss it in this special anniversary episode. Stay tuned. The Cash Kid Podcast is underway! Intro tease: So, you got some cash, maybe from an allowance? Or, that money your grandma gave you for your seventh birthday. Here ya go, sweetie! Woo hoo! Thanks, Grandma! Whatever it is, what are you gonna do with it? Spend it? Hide it away? Or maybe invest it? Let's start learning how to make that money grow. Time to learn how to be a Cash Kid. Welcome back to this special episode of the Cash Kid Podcast. I can’t believe it’s already been one year since we launched this podcast. This podcast started as part of a school project. In the 5th grade, I was asked to create a passion project. And for some reason, starting a podcast came to mind. The first four episodes were really just me talking about what I’m passionate about and scripts I wrote while in class. We may actually go back soon and revise those some as they were written before we had a clear mission statement… or knew we were going to continue the podcast after the school project. We got such great feedback on our first episodes and were told by many we should continue the podcast but we needed a clear mission for our audience. So, after producing 7 episodes for 7 weeks my Mom said, “I think we need to seek some advice and get some help.” And so, we used my summer break to meet with a podcasting expert and get some guidance on what steps we needed to take to grow this podcast. We set-up our website, cashkidpodcast.com, and a YouTube channel to publish our episodes. We started an Instagram page as well. But the main focus, was putting a plan together of where we wanted to take the podcast. The mission was clear to me. I wanted to teach kids and adults the financial literacy skills they need to start saving and investing money early. My goal is to help my generation grow the greatest wealth with a slow and steady approach and be the most financially literate. No get rich schemes here. Since then we completed season 1 with 15 episodes. Then we launched season 2 which was all about building “Super Financial Skills.” This is currently episode 17 of that series. So far, we’ve interviewed 15 different guests on the show that represent a wide range of individuals from a kid running his own car detailing business, to a financial advisor, tax expert, a high school finance teacher, book authors, and CPAs running their own training courses to help others get out of debt and start investing. I have learned so much! And it’s affected how I invest and think about money. What have I learned? I’ve learned that running a podcast is harder than it looks. There are numerous aspects beyond just recording audio. And talking into a microphone takes some training. There may be a few blooper clips added to the end of this episode. My Mom likes to torture me and save them. So stayed tuned to the end. She said I’ve gotta learn to laugh at myself when I make these mistakes. Running a podcast has taught me you must remain persistent and continue to think outside the box. It takes planning and learning new skills. I’ve had to learn how to write more and write faster than others my age. I’ve had to learn how to communicate confidently on-camera, plus interview skills, and editing skills in creating content to post on our social channels. We also went from producing audio only podcasts to now an audio and video format these last two months. Where are we headed now? In future episodes, we’re going to focus on ways kids can make money. We plan to interview what we consider to be fellow Cash Kids who are using their skills and entrepreneurial mindset to make some cash, while still kids. We’ll continue to build super financial skills by helping you all break down financial terms and understand what your options are. We’re going to continue talking with others on how to push for more financial education in our schools. We want to make money a ...
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    8 m
  • Wealthy Kids Investment Club

    Wealthy Kids Investment Club
    Apr 1 2024
    In this episode, we capture an inspiring interview with Maya Corbic, CPA, who started the "Wealthy Kids Investment Club" to help parents and kids learn how to be smart with money early. Hear her incredible life story and what she's doing to equip parents with the tools to raise money smart kids. Stay tuned, the Cash Kid Podcast is underway! Learn more about your ad choices. Visit megaphone.fm/adchoices Transcript Wealthy Kids Investment Club Teach.Kids.Money It only takes one person to change the generational wealth trajectory of the family. Let that person be you. Welcome to another episode of the Cash Kid Podcast, where we focus on building super financial literacy skills for kids and teens to build a greater financial future at a younger age. If you aren't already, follow us on social media at CashKid Podcast and subscribe to our mailing list at CashKidPodcast. com. We have another special guest on the show today who works to change the generational wealth trajectory of families. Parents, you'll walk away from this episode feeling you have the resources to change your financial journey and that of your children. Stay tuned. The CashKid Podcast is underway. So, you got some cash. Maybe from an allowance, or that money your grandma gave you [00:01:00] for your 7th birthday. Here you go, sweetie! Woohoo! Thanks, Grandma! Whatever it is, what are you going to do with it? Spend it? Hide it away? Or maybe invest it? Let's start learning how to make that money grow. Time to learn how to be a cash kid. Joining us today is Mrs. Maya Corbic. Mrs. Corbic is the founder of Wealthy Kids Club from her Instagram page, teach. kids. money, where she has over 133, 000 followers and growing. She provides some solid advice and steps parents can take to teach their kids about money and investing together. Mrs. Corbic, welcome to the show. Cash Kid: And first off, tell us a little bit about yourself. Maya Corbic: Okay. Well, thank you for that lovely introduction and thank you for having me on the show. So a little bit about me, I am first generation immigrant. [00:02:00] I immigrated from war toward Bosnia when I was almost 15, uh, with both of my parents and my brother, we lost everything in the war and we immigrated with two suitcases and 50 and I lived in government shelters, government housing, and when I was a teenager, I even had two part time jobs. So, um, I learned how to hustle and I worked very hard, um, to, you know, become, you know, in a better financial position. So I became a CPA and, um, when I got married, I had some student loans and so did my husband and we ended up paying off all of our debt, uh, including our mortgage by the time I was 32, because we were very disciplined with money. And at that Point in time, I, um, decided that it was really important to start teaching my own children about money. Uh, but also being a CPA, I learned from some of my clients that they were struggling with money. So I realized that the [00:03:00] root of all that struggle really started in childhood because a lot of the clients that I had were struggling with money because nobody ever taught them about money when they were growing up. Cash Kid: That's really an interesting story, and we definitely agree with you on your point. So, where did you get the idea to start Wealthy Kids Club? Maya Corbic: So, Wealthy Kids Club only, uh, was only started about three years ago. Uh, before that, for the past 11 years, I have been teaching parents about money, by going to schools and doing workshops. But then with pandemic, all that changed because I wasn't able to go into schools anymore. So I started doing more online workshops and still access the parents and classrooms that way. But then, um, I also started my, uh, Instagram account, teach. kids. money. And. When I was actually posting on that account, I realized that a lot of parents were coming [00:04:00] back to me because they were struggling with, uh, investing and how to teach their children to invest. Um, a lot of them were able to teach their kids, you know, the difference between needs and wants and budgeting. But they just did not know how to teach investing. And I realized that this is where a lot of parents needed help. They needed to learn some of the basics themselves so that they could teach those basics to their kids. And that's how Wealthy Kids Investment Club was born. Um, and, um, you know, I started that membership. I tried to make it accessible to everybody, um, regardless of where they are, um, you know, in the globe. Cash Kid: Yeah, tell us about your club and what parents and kids can expect to learn. Maya Corbic: So the club, uh, it's actually currently undergoing a big facelift, uh, but, uh, essentially in the club, you start off as somebody who is intimidated, uh, an intimidated investor, and then you learn some [00:05:00] basics, uh, in terms of what investing really is and you That's not as scary as it first may seem to be. And then you ...
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    16 m
  • Girls On The Money (And Boys too)!

    Girls On The Money (And Boys too)!
    Mar 18 2024
    Live frugally, save abundantly, invest intelligently. Join us as we interview special guest Mabel Nunez, the founder of Girlsonthemoney.com, where she shares her investing success journey and how she's helping others boost their investing knowledge. The Cash Kid Podcast is underway! Learn more about your ad choices. Visit megaphone.fm/adchoices Transcript Live frugally, save abundantly, invest intelligently. That’s our guests’ motto on the show today. Welcome back to another episode of the Cash Kid Podcast where we continue to build super financial skills. If you aren’t, please be sure to follow us on social media. Just search Cash Kid Podcast or on our website at CashKidPodcast.com. Cash Kid’s we’ve got a special guest on the show whose story is inspiring and motivating to learn how to invest. Parents, there’s an investing course for you to learn about as well. Listen up! The Cash Kid Podcast is underway. Cash Kids, we've got a special guest on the show whose story is inspiring and motivating to learn how to invest. Parents, there's an investing course for you to learn about as well. Listen up, the Cash Kid podcast is underway. So, you got some cash, maybe from an allowance? Or, that money your grandma gave you for your seventh birthday. Here ya go, sweetie! Woo hoo! Thanks, Grandma! Whatever it is, what are you gonna do with it? Spend it? Hide it away? Or maybe invest it? Let's start learning how to make that money grow. Time to learn how to be a Cash Kid. Cash Kid: Joining us today is Mrs. Mabel Nunez. Mabel Nunez is the founder and CEO of Girls on the Money, with over 60, 000 on her Instagram page alone, and 10, 000 members on her Facebook She's a blogger and investing educator whose mission is to teach everyday people how they can intelligently invest too. Welcome to the show. And first off, tell us a little bit about yourself and your story. Mabel Nunez: Hi, Cash Kid. I'm very excited to be here inviting me and I guess I can say I can start with the fact that I wasn't born in the United States. I was born in an island in the Caribbean called the Dominican Republic and I moved to the States when I was 9 years old and from a very young age. My parents always taught me. The importance of saving money and, you know, being careful with credit cards, things like that. Um, but it wasn't until I went to college my, my last year of college, my senior year when I discovered the stock market and investing and I. You know, fell in love with it and became obsessed with it. Um, but, you know, it wasn't something that I learned at home. I learned that when I was already in school, but I'm very grateful and blessed that even though I didn't know how to invest from a young age, I still kind of knew the basics of personal finance from my parents. I grew up in a very, um. Um, I guess poor household because we were immigrants. So we had limited resources and things like that. So we had to kind of make do with what we had. And then later on when I, you know, made my own money and started investing, I discovered, you know, this whole new world. So that's kind of how things started off. Cash Kid: That's really interesting. Tell us about Girls on the Money and why you started this site. Mabel Nunez: So I started Girls on the Money because when I started to invest, um, And I became obsessed with it, like I said, I noticed that a lot of my friends, my female friends weren't into investing, or they found investing intimidating, or they were, they thought it was too complicated. And most of the people that I will talk to about stocks and funds will be my male friends, my guy friends. Because they were the ones into it. Um, so I thought, you know, there was a disconnect there. You know, I wondered why weren't more women talking about investing? Why were they so scared of it? So it kind of like, you know, it was like a light bulb moment for me to, okay, I need to create a community or a platform that increases the confidence of women to start investing or, you know, girls. Even though, like I say on my website, I don't discriminate if like, you know, guys want to learn too. Like that's fine. I welcome them. But my, the majority of the people that I target are female. Cash Kid: Yeah. I love how on your site you talk about investing being your passion. That's how I started my podcast as it was part of a passion project. We were assigned that school. Why is investing your passion? Mabel Nunez: So investing is my passion because, um, I guess it first started with my professor, my college professor that I mentioned before my senior year. He, uh, kind of explained to us how anybody with any income can become a part owner of companies. You know, major companies, you know, like the McDonald's, the apples, the Microsoft. So I was like, very impressed by the fact that wow, like me, like an average person, you know, with an average ...
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    17 m
  • Kids Buying Stocks and Investing

    Kids Buying Stocks and Investing
    Mar 4 2024
    Can kids start investing in stocks? Absolutely! The world has changed and kids at a younger age can start investing some of that allowance and birthday cash to start growing their money earlier in life. Learning this financial term as kids can have a huge impact on the financial future of any generation. Tune in to hear how the Cash Kid invests and how to be an informed investor. The Cash Kid Podcast is underway! Learn more about your ad choices. Visit megaphone.fm/adchoices Transcript Alright, today Cash Kids, we are diving into one of my favorite topics: Investing and stocks. What does investing mean? What’s a way a kid can invest and purchase stocks? Keep listening. We’ll answer those questions and more coming up. Let’s learn how to grow your money using these essential financial tools. Stay tuned the Cash Kid podcast is underway! Intro tease: So you’ve got some cash. Maybe from an allowance, or that money your grandma gave you for your 7th birthday. Here you go, sweetie. Thanks, Grandma. Whatever it is, what are you going to do with it? Spend it, hide it away… or maybe invest it? Let’s start learning how to make that money grow. Time to learn how to be a cash kid. Since launching this podcast almost a year ago now, I get asked a lot about investing, what stocks I like, and where do I invest. My mom says there are some odd conversations that happen in our house at times regarding stocks. I don’t know what she’s talking about. [Mom: What do you mean? I’ll be cooking dinner only to turn around and you and your 9-year-old brother are discussing the gains and losses of a company over the last six months and whether not now is the time to buy. I’m sorry, it may be the new norm in our house… but that’s not the norm in other homes. I mean, how do I write that down in a baby book. Kids discussed Apple stock today. Looks like Johnnie is finally ready to buy that first stock. I mean, come on, it’s a little surreal at times in our house.] Well, I’m working to make it more the norm Mom. If you haven’t figured it out by now episode 28, I like stocks and any way to make money grow without doing much. So, let’s start with the basics. What does the term investing even mean? Investing is when you spend money with the expectation of achieving a profit. Lots of our parents like to watch these HGTV home renovation shows. What are these folks mostly working towards when they “invest” in buying one of these fixer upper homes? They are looking for that investment (or money spent into buying the home) to fix it up and then make a profit. In the stock market, when you invest, you are putting money into a company or companies with the expectation you’ll receive a profit in return down the road. I like the way wikipedia describes an investment as a commitment of money to receive more money later. So, one thing to remember as kids, investing is not a short term game. You are putting money in an account to let it sit and grow overtime. My focus on the Cash Kid Podcast is to help get this concept across to my peers that “time” is exactly what’s on our side. Now, how do I invest? I get asked this a lot. I use an app called Greenlight. Greenlight is a debit card and money app for families, that’s managed by parents. It gives parents tools to manage and monitor their kids spending. You can transfer money straight from a checking account to the kids account on Greenlight. You can pay an allowance this way, assign chores, set savings goals, donate to charity… and my personal favorite… buy stocks. Within the app I can research stocks and ETFs, and mutual funds. I can view charts, buy and sell stocks see how much the stocks are gaining or losing money. The accessibility on this app is amazing. Also some shares can cost hundreds to thousands of dollars and some kids just don’t have that kind of money. So on Greenlight, you can buy partial shares so you always can invest even when you don’t have the money to buy a full stock. I do all my buying and selling within the app. Since then, I’ve had sometime already to watch the stock prices go up and down and gotten more patient with what I buy and sell. I’m reading books more and doing more research to save up for stocks I want to be able afford stocks I feel will give me a profit from my investment. My parents for Christmas this past year gifted me a subscription to the Wall Street Journal and Barron’s. I get up some mornings just to read about different stocks and businesses to see what’s happening. Part of being an investor is being informed of what’s going on in the world. Mrs. Wanda McAbee, the Executive Director of the Alabama Council on Economic Education, addressed this in a previous episode in regards to playing the stock market game. Here’s a refresh of what she had to say: Wanda McAbee: “But stock market game is the perfect example of finding a way to help students see the real world connections....
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