Hey friends! I recently sat down with my daughter Catey to chat about financial literacy. As someone who works in mortgages, I want to make sure I equip her with money management skills before she flies the coop. In this video, we cover: - Opening Catey's first checking and savings accounts - Having her get a debit card and use mobile payment - Discussing budgeting basics (even though she has no expenses yet!) - Learning about credit cards, overdraft fees, and more I also give Catey a homework assignment to read "Rich Dad Poor Dad" and share key takeaways. She gives her candid thoughts on the book and what she learned. We chat about the common pitfalls of relying on schools to teach finances. I explain why women often don't advocate for fair pay and how to overcome fear around money topics. Catey also shares about applying for her first job and what it's like to go through training! I'd love to hear your thoughts and experiences learning about finances growing up. What's something you wish you knew more about? Let me know in the comments!
In this episode, you will be able to:
Mastering financial education empowers you to take control of your future.
Simplify the process of opening a checking account and gain financial freedom.
Advocate for yourself in the workplace and unlock opportunities for growth.
Learn essential skills for starting and managing your first job with confidence.
Embrace financial literacy as a tool for personal growth and independence.
My special guest is Catey Jane Mills
Meet Catey Jane Mills, a 16-year-old who's diving headfirst into the world of financial education. As the daughter of host Mike Mills, she brings a fresh and relatable perspective to the table. Her candid insights and genuine experiences provide an invaluable glimpse into the challenges and triumphs of navigating personal finance as a teenager. With her down-to-earth approach and practical wisdom, Catey Jane Mills offers a unique viewpoint that resonates with her peers, making the topic of financial literacy more accessible and engaging for young adults seeking independence and financial know-how.
The key moments in this episode are:
00:00:12 - Introducing the Podcast and Guest
00:00:29 - Teaching Kids about Money
00:01:27 - Financial Challenges of Today's Generation
00:02:37 - Parenting and Financial Education
00:03:59 - Opening a Checking Account
00:12:02 - Setting Up Checking and Savings Account
00:13:32 - Direct Deposit and Human Nature Hack
00:17:01 - Feeling Grown Up
00:17:43 - Overdrafts and Checks
00:20:02 - Lessons from "Rich Dad, Poor Dad"
00:23:19 - Early Work Experience
00:24:31 - Lessons on Employment and Independence
00:27:45 - The Gender Pay Gap
00:30:43 - Freedom and Financial Education
00:33:52 - Importance of Financial Planning in Education
00:34:42 - Lack of Financial Education in School
00:35:38 - Importance of Financial Knowledge
00:36:53 - Learning Resources for Financial Knowledge
00:41:15 - Fear and Ignorance Regarding Money
00:46:27 - Challenges of Balancing Work and Family
00:48:23 - Transition to New Job Search
00:50:16 - First Day at New Job
00:52:30 - Challenges of Following in Parent's Footsteps
00:56:08 - Financial Awareness and Tax Considerations
00:57:47 - Cognitive Functionality and Men's Stupidity
00:58:03 - Future Topics and Budgeting
00:58:49 - Acknowledging Improvement
00:59:03 - Audience Engagement and Soundboard Excitement
00:59:35 - Preview of Next Episode
The resources mentioned in this episode are:
Visit Indeed.com to search for job opportunities in your area and apply for positions that match your skills and availability.
Explore Aquatots or similar swim schools in your area for potential job openings and apply for positions that fit your schedule and interests.
Consider using TikTok and YouTube to find financial resources and educational content related to money management, budgeting, and personal finance.
Utilize online platforms like Indeed to find job opportunities and apply for positions that align with your skills and interests.
Consider seeking part-time job opportunities that offer training and certification, such as swim instructor positions, to gain valuable experience and earn competitive wages.
Connect with me here:
https://www.facebook.com/facebook.com/millsmortgage/
https://www.youtube.com/youtube.com/@mikemillsmortgage
https://www.youtube.com/youtube.com/@mikemillsmortgage
https://www.twitter.com/twitter.com/mikemillsMTG
https://www.linkedin.com/linkedin.com/in/mike-mills-49a09621/
