096 - Should I Give My 4 Year Old a Credit Card?

An episode of the Real Personal Finance podcast, hosted by Scott Frank and James Conole, titled "096 - Should I Give My 4 Year Old a Credit Card?" was published on April 21, 2021 and runs 17 minutes.

April 21, 2021 ·17m · Real Personal Finance

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Summary

Scott and James discuss whether or not you should give your 4 year old a credit card. Planning Points Discussed Retirement Planning Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 1:30 - Listener Question 3:05 - Determining Your Credit Score 6:20 - Credit Utilization 7:00 - 10 years vs. 34 years of Saving 9:24 - Why Credit Matters 11:11 - How To Teach Kids About Money 12:45 - Building Financial...

Episode Description

Scott and James discuss whether or not you should give your 4 year old a credit card.

Planning Points Discussed

Retirement Planning
Utilizing Time Efficiently
Capital Appreciation
Purchasing Power
Other issues (IRAs, Inflation, Financial Goals, etc.)

Timestamps:

1:30 - Listener Question

3:05 - Determining Your Credit Score

6:20 - Credit Utilization

7:00 - 10 years vs. 34 years of Saving

9:24 - Why Credit Matters

11:11 - How To Teach Kids About Money

12:45 - Building Financial Habits

13:00 - Using "FamZoo" - Preparing Kids For Finances

15:10 - Aligning Your Financial Goals

16:30 - Overview

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