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

Aug 8, 202416 min

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 (https://amzn.to/3Syyxqa) (Amazon Link) Instagram: @teach.kids.money (https://www.instagram.com/teach.kids.money/) Twitter: @Educ8Money2Kids (https://twitter.com/Educ8Money2Kids) Connect with Tiffany Website: https://www.moneytalkwitht.com (https://www.moneytalkwitht.com/) Facebook: Money Talk With Tiff (https://www.facebook.com/moneytalkwithT/) Twitter: @moneytalkwitht (https://twitter.com/moneytalkwitht) Instagram: @moneytalkwitht (https://www.instagram.com/moneytalkwitht/) LinkedIn: Tiffany Grant (https://www.linkedin.com/in/tiffanygrant1/) YouTube: Money Talk With Tiff (https://www.youtube.com/c/MoneyTalkWithTiff) Pinterest: @moneytalkwitht (https://www.pinterest.com/moneytalkwitht/) TikTok: @moneytalkwitht (https://www.tiktok.com/@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 (https://moneytalkwitht.com/donate) Copyright 2024 Tiffany Grant This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 -...

Maya Corbicinvesting for kidsFrom Piggy Banks to Stocks

Finance Friday Live 6/17 | Ep. 114

Jun 17, 202217 min

Join me for Finance Friday Live every Friday at noon EST, streaming on YouTube, Facebook, Twitter, and Instagram! These bonus podcast episodes are uploaded raw and uncut so forgive any audio issues. Enjoy! This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

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Exploring the Pros and Cons of Various Investment Options | Ep. 347

Oct 22, 202413 min

In this insightful episode of "Money Talk With Tiff," host Tiffany Grant dives deep into the pros and cons of various investment options. From the dynamic world of stocks to the stability of bonds, the tangibility of real estate, the convenience of mutual funds, and the high potential yet volatile nature of cryptocurrencies, Tiffany offers a comprehensive overview to help you make informed investment decisions. Whether you're a seasoned investor or just starting, this episode provides valuable insights to guide your financial journey. Check out the full shownotes: https://moneytalkwitht.com/podcast-show-notes/pros-and-cons-investments/ Key Points Discussed Stocks: Ownership in companies and potential for high returns but with volatility and emotional stress from market fluctuations. Bonds: Steady income and lower risk, ideal for diversification, but with lower returns and interest rate risks. Real Estate: Tangible asset with rental income potential and tax benefits, though requiring significant capital and management costs. Mutual Funds: Diversification and professional management with accessibility for small investors, balanced with management fees and lower control over individual investments. ETFs (Exchange Traded Funds): Traded like stocks with generally lower fees but come with market risk and possible complexity. Cryptocurrencies: High potential returns and increasing acceptance but highly volatile and with regulatory uncertainties and security risks. Resources Mentioned Website: moneytalkwitht.com (https://www.moneytalkwitht.com) Ask Tiffany a question: moneytalkwitht.com/asktiffany (https://www.moneytalkwitht.com/asktiffany) Join the community: https://academy.moneytalkwitht.com/offers/vXQV4zb2 Become a host on AirBnB: https://moneytalkwitht.com/airbnb Buy Real Estate on Fundrise: https://moneytalkwitht.com/fundrise - We earn a commission for this endorsement of Fundrise If you have a question you want Tiffany to answer on the podcast, visit the website to submit your question. Don't forget to share this episode, subscribe, and leave a review to support the podcast! Connect with Tiffany Twitter: @moneytalkwitht (https://twitter.com/moneytalkwitht) Instagram: @moneytalkwitht (https://www.instagram.com/moneytalkwitht) Facebook: Money Talk with Tiff (https://www.facebook.com/moneytalkwitht) Disclaimer: The content provided in this podcast is for informational purposes only and should not be considered as financial advice. Please consult with a financial professional before making any investment decisions. This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

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Investing 101: What Are The Tax Implications Of Different Investment Types? | Ep. 247

Jul 18, 202311 min

Ready to get the lowdown on taxes and investments? In this episode, Tiffany breaks down different types of investments, explains the tax implications for each type, and offers strategies to manage or reduce your tax obligations. You'll learn about qualified and non-qualified investments, long-term capital gains tax vs. short-term taxes, and much more. Tune in now to finally understand taxes on investments! Every Tuesday, Tiffany answers one of your submitted questions. To submit a question for an upcoming episode, visit here: https://www.moneytalkwitht.com/asktiffany Additional Resources Visit our website: https://moneytalkwitht.com Capital Gains (https://moneytalkwitht.com/blog/capital-gains/) (article that explains capital gains) Trusted tax professionals Camari Ellis EA, Philly Tax Team - https://www.phillytaxteam.com/ Ronnie Goode CPA, Rhythm Accounting - https://www.rhythmaccounting.com/ Amber Whitehead-Gabourel EA, Whitehead Tax & Financial Services - https://www.whiteheadtax.com/ Be sure to tell them Money Talk With Tiff sent you! This podcast uses the following third-party services for analysis: Podcorn - https://podcorn.com/privacy OP3 - https://op3.dev/privacy

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Stocks

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

Finance Friday Live 6/17 | Ep. 114

Exploring the Pros and Cons of Various Investment Options | Ep. 347

Investing 101: What Are The Tax Implications Of Different Investment Types? | Ep. 247

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