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I had a great conversation with Beth Kobliner recently. Beth has an incredible personal finance focused CV. She’s been a columnist at Money Magazine, authored one (and soon to be two) New York Times Bestsellers (Get a Financial Life: Personal Finance in Your Twenties and Thirties), served on the President’s Advisory Council on Financial Capability, and gave financial advice to Elmo on Sesame Street (and a whole lot more too)! In this NGPF podcast, Beth shares the money lessons she learned growing up in Queens, New York as well as the motivation for her latest book, Make Your Kid a Money Genius, to be released in February. You will benefit from Beth’s insights on how to invest, use credit cards wisely and a simple test to control those impulsive purchases. Parents will find Beth’s new book a godsend in describing developmentally appropriate actions to build that financial decision-making muscle that your children need to thrive in this financially complex world. Enjoy!


  • 1:00~1:03 – Introduction
  • 1:03~4:56 – Early lessons about money
  • 4:56~8:43 – Inspiration for Make Your Kid a Money Genius
  • 8:43~11:56 – Teacher’s confidence with teaching personal finance
  • 11:56~14:55 – Importance of starting a Roth IRA
  • 14:55~18:34 – Benefits of index funds
  • 18:34~19:01 -A word from our sponsor, Next Gen Personal Finance
  • 19:01~21:42 – A young adult’s first credit card
  • 21:42~25:20 – Establishing credit without a credit card
  • 25:20~27:11 – Shirley’s rule about purchases
  • 27:11~31:29 – Paying for college
  • 31:29~32:51 – Importance of completing the FAFSA
  • 32:51~34:03 – Conclusion
  • “I think that Roth IRAs are basically mis-named. Instead of calling them individual retirement accounts, they should be known as “a super smart place to save your money” or something sexier than that.”
  • “Sure, it’s convenient to have your child as an authorized user and it sounds great to give your credit card to your child for emergencies but I would say you should think about it really carefully. If you do decide to give your child a credit card, you have to establish really clear rules for how the card is used.”