Today on Wealthy Wellthy Wise is Gayle Reaume. Gayle is the Founder and CEO of Moolah U, a company that teaches kids how to be responsible with money while providing a fun and challenging environment. She started Moolah U after noticing children are not equipped to manage their money, which turns into poor money habits in the future. Gayle’s programs create opportunities for youth to empower themselves to build the financial habits that will lay the foundation for a secure future.
In this episode Gayle and I discuss ways to instill good finance practices in children. She gives some interesting ways for dealing with kids who say “but all my friends have it”. We discuss how many parents unknowingly handicap their kids financial future despite having the best intentions. Gayle discusses her thoughts on chores and allowances and she shares some tips for talking to your kids about money, to help them develop solid financial values that will last them for the rest of their lives.
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