Filling The Storehouse - Episode 53 (A Money-Savvy Family with Doug Nordman and Carol Pittner)
Filling The Storehouse
"Train up a child in the way he should go; even when he is old he will not depart from it." - Proverbs 22:6 "How will your kids reach financial independence?" Doug Nordman and Carol Pittner answer this burning question in their new book, Raising Your Money-Savvy Family for Next Generation Financial Independence and we are blessed to have them both on our show to give a little background behind the book and some fun stories and teachings to go alongside. If you have children, this is a must read! Raising Your Money-Savvy Family for Next Generation Financial Independence Other books mentioned: Your Money or Your Life First National Bank of Dad This podcast is sponsored by DoDReads.com which promotes lifelong learning, personal development and leadership that comes from the books you read. If you are interested in updating your military reading list, go email: firstname.lastname@example.org. Make planning a priority this year! Go to https://boldlyandco.com/. ** Use the Code: STOREHOUSE at checkout for a 20% discount on ALL products. ** Use the Code: STOREHOUSE495 gives a $200 off discount on the next workshop. If you are interested in joining the War Room Mastermind Group, email: email@example.com. If you are interested in learning more about real estate investing and the Storehouse 3:10 Ventures team, contact us here: https://storehouse310turnkey.com/.
Growing Up Financially Independent, with Doug Nordman and Carol Pittner
The MapleMoney Show
Every parent wants the best for their children, which is why we teach them how to manage money properly. And while we sometimes get mixed results, the truth is that it’s a lot cheaper to make mistakes with money when you’re 12-years old. My guest this week had an excellent example to follow as she was growing up. That’s because Carol Pittner’s parents became financially independent before she turned 10. And when her dad retired early at age 41, Carol witnessed firsthand the benefits of saving money early and often, and she’s followed in his footsteps ever since. Carol and her father Doug Nordman join me on the show this week to discuss what it’s like to grow up financially independent. You can find the show notes for this episode at https://maplemoney.com/133 Do you prefer to invest in socially responsible companies? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, cleantech, human rights, and the environment. To get started with Socially Responsible Investing, head over to https://maplemoney.com/wealthsimple today!
Book Club featuring Carol Pittner and Doug Nordman
On this edition of the Book Club, Doug Nordman and his daughter, Carol Pittner, talk about their book “Raising Your Money-Savvy Family for Next Generation Financial Independence.” You can learn more about Doug and Carol at childFIRE.com, Facebook and LinkedIn. Get your copy HERE If you’d like to take part in our discussion group, you can learn about it here as well as MoneyAlignmentAcademy.com. We’re on YouTube, check us out! We’re honored to have been named one of the top podcasts from investing! George is honored to be included on Investopedia's list of the Top 100 Financial Advisors for 2019! Have George speak to your organization. Interested in starting your own podcast, click HERE You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com. Check out Money Alignment Academy as well!
1108: How to Talk to Your Kids About Money with Authors Doug Nordman and Carol Pittner
So Money with Farnoosh Torabi
Whether you’re struggling for the words (and patience) to discuss topics like allowances and college costs with your teenager or want to encourage your 4th grader to save at a young age, my guests have advice on how to teach financial principles to your kids throughout the years. Doug Nordman and Carol Pittner are the father-daughter authors of the book Raising Your Money-Savvy Family for Next Generation Financial Independence. The book is part personal stories, part practical advice, guiding readers on how to instill financial values in their kids starting as early as Kindergarten, or as the authors say, “after they stop eating money.” We discuss their own personal memories of discussing money when Carol was growing up, as well as how families that may be struggling with money can open up to their kids about it in a meaningful (and not scary) way. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Family FIRE: How To Teach Your Kids About Money with Carol Pittner
Find Your Freedom
#38: How do you raise kids to be good with money? Teaching kids about money at a young age is so important. Carol Pittner co-authored the new book “Raising Your Money-Savvy Family For Next Generation Financial Independence” with her father Doug Nordman. In the book, they share how to educate your child about money from both the parent and the child’s perspective. In this interview, Carol shares what her early-retiree parents taught her to put her on the path to reaching LeanFIRE at the age of 27. We discuss how old she was when her parents taught different financial concepts, the money mistakes she made as a kid (instead of as an adult), and how her parents created different opportunities for her to gain the money confidence that she brought into adulthood. In this episode, we discuss: The #1 thing parents can do to teach their kids about money How to leverage allowances as learning tools What age to start teaching your kids about money Allowing kids to learn from their money mistakes How to teach about compound interest If you want to learn more about teaching kids about money, take a listen to this episode. If you enjoy it, please subscribe and share with a friend. Also, leave us a rating and review on Apple Podcasts, I’d really appreciate it. Sponsor - Money Coaching with Becky It’s time for you to reach your biggest money goals, like paying off debt, starting to invest, and using your money to create your ideal life! With one-one-one money coaching, Becky will help you gain clarity about what freedom looks like for you, develop a strategy to get there, and overcome your money roadblocks on the path to financial and lifestyle freedom. Start with a free 15-minute clarity call, where she’ll help you develop a vision for your ideal life, and how your finances fit in. Not only are you going to get MASSIVE CLARITY, you’re also going to get a FREE budgeting spreadsheet, just for booking a call. For more information, visit the show notes at https://www.twentyfree.co/episode38/
Raising a Financially-Savvy Family with Doug Nordman and Carol Pittner
Passive Wealth Strategies for Busy Professionals
Today we are talking about teaching your children financial independence, teaching them how to manage their money, and teaching them about what money means. Our guests today are Doug Nordman and Carol Pittner. A father-daughter team who wrote a book on this topic. Doug Nordman served for 20 years of active duty in the U.S. Navy's submarine force and retired in 2002 at the age of 41. He and his spouse, a retired Navy Reservist, reached financial independence in 1999 on a high savings rate. Carol Pittner joined the Navy on an ROTC scholarship. She and her active-duty spouse are rapidly approaching financial independence on a high savings rate, and they've just started their own family! [00:01 – 04:52] Opening Segment I talk briefly about great values that await you in this episode Let's welcome our guests, Doug Nordman and Carol Pittner Doug and Carol talk about their background [04:53 – 16:22] Raising a Financially-Savvy Family We talk about their book, Raising Your Money-Savvy Family For Next Generation Financial Independence They discussed their inspiration for the book. Start teaching your kids how to manage money. The earlier you introduce the concept, the better the results. Teach them about taxes when the moment that they need to know about it emerges. [16:23 – 28:53] Raising the Younger Generation Carol talks about the things she would do differently in raising a child compared to her generation The younger generation is getting better at writing books about money Giving your kids the responsibility of being grown-ups is one way to motivate them to learn about money Carol reflects on all the lessons she picked up since she was younger [28:54 – 37:26] Educational System Set expectations to your kids that they will be paying for their college (if not all, some of it) to raise awareness and learn how they will manage that.Doug and Carol share some tips and strategies to teach your children [37:27 – 52:52] Closing Segment Quick word from our sponsors What is the best investment you've ever made other than in your education?Doug: "Marrying my spouse." Carol: "Having that good investment in my spouse and having that good investment in our marriage." What is the worst investment you ever made?Carol: "Trying to figure out what kind of insurance I need." Doug: "My worst investment is that I'm an angel investor." What is the most important lesson that you've learned in business and investing?Doug: "Business is all about cash flow." The most important lesson to financial independence is a high savings rate Carol: "Just get started." Stop sitting there and thinking about the what-ifs and to actually go and make the what-ifs. Connect with Doug and Carol. See the links below. Tweetable Quotes: "The earlier you start talking about this [managing money]. The more prime do they are to catch on and start doing something with it." – Doug Nordman "The best way to make money is to have a long-time horizon." – Carol Pittner "It's a two-way street when you're talking about money with your kids. It's not only what the parents want to teach the kids, but it's also about the reception of the kids themselves." – Carol Pittner Resources Mentioned: The First National Bank of Dad by David Owen The Simple Path to Wealth by J.L. Collins The Millionaire Next Door by Thomas J. Stanley The Motley Fool Guide to Investing for Beginners by The Motley Fool Your Money or Your Life by Vicki Robin You can connect with Doug on his website https://the-military-guide.com/. Grab a copy of their book on Amazon. You can connect with Carol on Facebook. Visit her website https://childfire.com/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.
Money Smart Kids: Raising Children to Understand Financial Independence - with Doug Nordman and Carol Pittner
Marriage Kids and Money
Raising money-smart kids gives them a better shot at financial independence. Co-Authors of the new book, "Raising Your Money-Savvy Family for Next Generation Financial Independence", Doug Nordman and Carol Pittner explain how this type of planning helped their family achieve financial independence. Also, BusyKid's Gregg Mursett shares how their chore and reward app helps the financial literacy process and gets your kids working and earning fast.
136: Secrets of a Money Savvy Family with Doug Nordman and Carol Pittner
BiggerPockets Money Podcast
Doug Nordman wanted to teach his daughter about money. But he knew that to get it right, he’d have to start when she was very very small. So he did. First, he taught her how to count, then he taught her how to add, then he showed her what she could do with money by using cash in transactions.As Carol got older, she was able to handle the cash herself, learning how to make change, count change, etc. Carol started “earning” her own money, through allowance and jobs - which could only be done after her (non-paid) chores were complete.Doug’s common-sense approach to teaching his daughter about money is actually quite brilliant. She starts learning about money - and making money mistakes - when the stakes are low. Your 8-year-old making a $20 mistake is far better than your 20 year old making a $10,000 mistake because he or she never learned how to manage money.Carol joins her dad to talk about how these teachings affected her life - and how she is planning on teaching her own daughter about money and finances. Carol and Doug have combined their recollections of this time together and written a book called Raising Your Money-Savvy Family For Next Generation Financial Independence, and it is the blueprint for exactly how to raise children who are ‘good with money’ and how to prepare them to be adults who are great with money.If you’re struggling with how to teach your children about money, this is a must-listen episode.In This Episode We Cover:Doug's journey with moneyHow he learned to be smart about moneyHow he budgeted money on raising a childWhat does high savings rate means to himCarol's outlook about financeCarol's financial storyOverview of Carol's financial positionLean FITalking about Carol's husband and his view about moneyDoug's advice on how to approach your kids when you are just starting out on this journeyWhere they planted their moneyAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupCNBCChooseFI
232| Raising a Money-Savvy Family for Next-Generation Financial Independence | Doug Nordman and Carol Pittner
Doug Nordman and Carol Pittner Join the show to talk about how to raise your children to think about the potential of money in a positive way For more information on the show and for shownotes visit https://www.choosefi.com/232
115. How Not To Screw Up Your Kids w/ Doug Nordman and Carol Pittner
Earn & Invest
In this episode we have Doug Nordman and Carol Pittner on to discuss their upcoming book Raising Your Money-Savvy Kids For Next generation Financial Independence. Also, a short segment with listener Patrick about finding meaning and purpose once finances are settled.