Episode 133 with Maya Corbic

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Teaching kids about money should be entertaining and age-appropriate. Using terminology they understand and playing entertaining games can help teach them about budgeting, investing, saving, and even negotiating.

Teaching grown-ups about money works the same way – keeping it simple, real, and doable. That way, they can easily share these friendly money tips with their kids, guiding them to handle finances responsibly and build wealth for the long term.

Take it from our Dreamer this episode, Maya Corbic, a certified public accountant and the founder of the Wealthy Kids Investment Club. In this episode, she shares insights on teaching financial literacy to both kids and adults, and empowering parents to raise financially independent children.

Maya is the author of “From Piggy Banks to Stocks: The Ultimate Guide for a Young Investor”, a book that breaks down investing concepts, making it easy for children to grasp essential skills while staying engaged.

In this episode, we discuss:

  • Maya’s money journey and lessons from living in shelters and Government housing as a refugee to financial independence in her forties.
  • How investing $10 a week in Index Funds can help your children become millionaires.
  • How to start teaching kids as young as 4 years old about finances.
  • Teaching kids how to prioritize needs over wants
  • Teaching children to save 50% of their allowance to start investing.
  • Fun ways to introduce budgeting, credit cards, and negotiation to kids.

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TOPICS:
  • Introduction of Maya Corbic (00:10)
  • Maya’s Money Journey: Beginning her path and teaching financial literacy (1:13)
  • Lessons from migrating from Bosnia to Canada (3:40)
  • Maya’s motivation in paying debt, mortgage, investing, and helping other people build wealth (8:02)
  • How did Maya educate herself about money and investment? (11:43)
  • When can we start teaching kids about finances? (14:47)
  • Essential wealth-building Lessons for kids 16:39)
  • Teaching kids to be comfortable with negotiation (20:13)
  • Allowing your children to make spending decisions (26:19)
  • Do we need millions to make our kids millionaires? (28:32)
  • How to introduce investing to your children (29:57)
  • Bringing kids into financial conversations (33:06)
  • What is the book all about?: From Piggy Banks to Stocks, The Ultimate Guide for a Young Investor (34:51)
  • Rapid fire questions (36:37)
Dreamers’ Wealth of Wisdom:
  • Investing is not complicated. — Maya Corbic
  • There is an easy way to invest if you’re a long-term investor and you can do it by yourself.  — Maya Corbic
  • We can all invest, investing is out there for all of us and I really encourage everybody to start learning a little bit more about ETFs and index funds.  — Maya Corbic
  • Instead of being consumers where they’re just consuming and buying all these things,  they can be owners.  — Maya Corbic
  • I suggest that everybody who implements an allowance is that you don’t just hand money over because that’s not the point. The point is that if you hand money over, you want to teach them to do something without money.  — Maya Corbic
Mentioned on the Show:
Show Transcript:
About the Guest:

From challenging beginnings in shelters and government housing, Maya Corbic is a first-generation immigrant and CPA. She draws from her experience of overcoming financial challenges and reaching financial independence to simplify money matters and inspire parents and 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 is the founder of the Wealthy Kids Investment Club and has a popular Instagram account @teach.kids.money that has 128K+ subscribers through which she inspires parents to raise financially independent kids.

Her vision is to empower every child to become a financially independent adult.

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