Vince Shorb joins us this week to discuss the state of financial literacy. Vince is the founder and CEO of the National Financial Educators Council, which provides financial literacy resources to educators and organizations nationwide. He shares why basic financial concepts are not being taught in public schools across America, as well as what parents need to teach their kids about money to set them up for long-term success.
Show Notes
[06.33] Financial literacy – Vince shares how he got into financial literacy and why there is a lack of financial education in public schools in the USA.
[12.24] Education system – Grant and Vince discuss how the education system has been repeating the same subjects for a long time, leading students to learn subjects that do not need in their careers or lives.
[19.25] Re-evaluating – Vince explains why schools need to re-evaluate the lessons or subject matter they are teaching at least every few years.
[24.34] Home education – Vince explains the ways parents can give financial education to their children at home.
[32.34] Household Expenses – We talk about the importance of giving our children early knowledge about household expenses so they understand how the real world works.
[34.32] Bank accounts – Vince talks about the perfect time to introduce your children to bank accounts.
[40.10] National Financial Educators Council – Vince shares the services they provide in his organization.
Resources
financialeducatorscouncil.org/