Episode•August 8, 2024•16 min

How to Teach Kids About Investing with Maya Corbic | Ep. 330

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 Guest From 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 Maya Get the book From Piggy Banks to Stocks: The Ultimate Guide for a Young Investor (Amazon Link) Instagram: @teach.kids.money Twitter: @Educ8Money2Kids Connect with Tiffany Website: https://www.moneytalkwitht.com Facebook: Money Talk With Tiff Twitter: @moneytalkwitht Instagram: @moneytalkwitht LinkedIn: Tiffany Grant YouTube: Money Talk With Tiff Pinterest: @moneytalkwitht TikTok: @moneytalkwitht 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 Support this Podcast Copyright 2024 Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 -...

Apple Podcasts Spotify YouTube Overcast Amazon Music

Key Takeaways

Start normalizing money conversations with kids as young as 4-5 years old

Use simple concepts like 'money babies' to explain interest and growth

Casually mention investments while checking accounts to make it routine

Avoid making money discussions taboo from an early age

Begin active investing education around age 8

Have kids invest half of gift money into savings accounts initially

Progress to CDs for guaranteed returns when savings interest is low

Explain stocks as owning pieces of companies kids already know and use

Move from individual stocks to diversified ETFs and index funds

Start with familiar companies like Apple or Microsoft to build engagement

ETFs like VOO provide exposure to 500 largest US companies

Lower fees and automatic rebalancing make ETFs ideal for young investors

Investing basics can be taught in age-appropriate language

Peter Lynch noted you only need 4th-grade math to invest successfully

Books written for 10-year-olds can also educate adults effectively

Visual, colorful formats reduce intimidation around financial topics

Intro

In this episode of Money Talk with Tiff, host Tiffany Grant welcomes Maya Corbic to discuss how parents can introduce children to investing concepts early and build financial literacy from a young age.

Maya Corbic is a first-generation immigrant, CPA, and author of 'From Piggy Banks to Stocks.' She overcame financial challenges growing up in shelters and government housing, founded the Wealthy Kids Investment Club, and runs the popular Instagram account @teach.kids.money with over 128K followers.

How to Teach Kids About Investing with Maya Corbic | Ep. 330

Key Takeaways

Intro

– When to Start Talking About Investing

– Explaining Investments to Young Kids

– Teaching 8-9 Year Olds: From Savings to Stocks

– Understanding Certificates of Deposit

– Introducing ETFs and Index Funds

– The Book: From Piggy Banks to Stocks

Books Mentioned

Resources

Topics