Episode description
Episode description
In this episode of Money Talk with Tiff, special guest Maya Corbic shares her insights on getting kids started with investing at a young age. Maya explains how parents can normalize money conversations with kids as young as 4 or 5 using simple concepts, then get them more involved around age 8 by explaining things like savings accounts, CDs, and stocks.
Maya discusses her approach of having kids invest half their gift money, starting with individual stocks in companies they know and then moving up to ETFs and index funds. Her book "From Piggy Banks to Stocks" aims to explain investing basics in a 10-year-old-friendly way.
Tune in to hear Maya's tips for raising financially savvy kids and her own journey learning to invest as a first-generation immigrant.
About Our GuestFrom challenging beginnings in shelters and government housing, Maya Corbic is a first-generation immigrant and CPA who draws from her experience of overcoming financial challenges and simplifies money matters to inspire children to pursue financial success.
Maya is the author of a kids’ book, "From Piggy Banks to Stocks: The Ultimate Guide for a Young Investor," which simplifies investing concepts and equips children with essential investing skills while keeping them engaged.
She founded the Wealthy Kids Investment Club and has a popular Instagram account @teach.kids.money with 128K+ subscribers, through which she inspires parents to raise financially independent kids.
Connect with MayaGet the book From Piggy Banks to Stocks: The Ultimate Guide for a Young Investor (Amazon Link)
Instagram: @teach.kids.money
Twitter: @Educ8Money2Kids
Connect with TiffanyWebsite: https://www.moneytalkwitht.com
Facebook: Money Talk With Tiff
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LinkedIn: Tiffany Grant
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Timestamps[00:00] Explaining investments to kids in simple terms.
[04:52] Encouraging investment in stocks and diversified funds.
[09:09] Investing in ETF gives broad US exposure.
[12:11] Book made friendly for kids and adults.
Key Takeaways- Introducing kids to investing concepts early
- Explaining stocks as owning company shares
- Certificates of deposit for guaranteed returns
- Investing in companies kids are familiar with
- ETFs and index funds for diversification
- "From Piggy Banks to Stocks" book overview
Copyright 2024 Tiffany Grant