Episode 35: How to Raise Financially Thriving Kids With Gayle Reaume From MoolahU

Jul 27

In this episode, I am joined by Gayle Reaume, the CEO and Founder of MoolahU, to discuss how to prepare children for financial success in the real world. Gayle shares her inspiring background and the mission of MoolahU. We address emotional triggers parents may face while spending on their children without teaching essential financial concepts, and offer practical strategies to overcome these obstacles.

She guides us in introducing financial education to children and supporting them in responsibly earning money. Understanding age-appropriate learning, Gayle shares effective methods for teaching financial decision-making based on developmental stages. We also explore opportunities in Gayle’s entrepreneurial camps for children, gaining valuable insights into fostering entrepreneurial skills and financial acumen.

Are you looking to empower the next generation with financial tools for success? Tune in and learn.

Key highlights

[00:00:00] Holistic Money Podcast intro

[00:00:07] Introduction to today’s topic: how to prepare your children financially for the real world.

[00:00:54] Gayle's background and what MoolahU is about

[00:02:39] How Gayle tackled the issue of not feeling proficient with money

[00:07:03] Emotional triggers that parents may encounter when it comes to spending on their children and not teaching them essential financial concepts

[00:10:58] Gayle’s approach to teaching parents how to introduce their children to the concept of financial education

[00:15:08] How parents can help children learn how to earn money

[00:19:48] Age-appropriate learning when it comes to teaching children about financial decision-making

[00:22:43] Understanding the opportunities available in Gayle’s entrepreneurial camps for children

[00:26:54] The age range for the children joining Gayle’s entrepreneurial camp

[00:27:31] Gayle’s advice to parents

Notable Quotes

I believe in you doing something once; If it's wrong, it's a mistake. If you do something twice, it's a choice.
One of my favorite sayings that I saw on the school the Montessori school where I took my daughter when she was three for a little half-day program, and it said, never do for a child what they can do for themselves.
The birthplace of business is looking for places to solve problems and figuring out how to get people to exchange value for something you can do for them, right? So we want to get them thinking outside of, there's only one place for me to get this money: mom or dad.
So we want to be careful not to use money to control our children or manipulate their behavior. We want that money to become a tool for them to explore that value proposition.