Building financial literacy from elementary school through adulthood (with Ben Hockema)

Executive functioning and financial literacy go hand-in-hand; which is why money management should be a part of any K-12 curriculum. Much of this has to do with self-evaluation, the ability to think into the future, and the understanding of quantitative and temporal concepts.There are endless digital tools designed to help people manage their finances, but these tools won’t be useful for people who don’t have a solid sense of the quantity or the value of money. That’s why I invited Ben Hockema to episode 145 of the De Facto Leaders podcast to discuss how we can talk to kids about money and help them develop financial literacy.Ben is a Certified Financial Planner and the founder and advisor of Illuminate Wealth Management. He works with individuals, families, and small business owners on their full financial picture; everything from cash flow and paying for education to saving and investing for big goals such as retirement, to individual and small business tax planning so that his clients can gain clarity and develop a path that is unique to their own goals, hopes and dreams. In this conversation, we discuss:✅How to overcome shame so you can teach kids about money, even if you’re not a financial expert (or don’t think you’re good at money management)✅How to have intentional conversations that help kids understand the value of money.✅Making money tangible: How to help kids learn the value behind the numbers✅What skills and abilities should someone have before they get a credit card? ✅How can families set up boundaries and expectations in their homes when it comes to responsibilities, chores, and earning money. ✅Helping kids navigate earning opportunities such as getting money for chores, getting a job, or starting a side hustle.You can learn more about Ben’s resources for talking to kids about money here: https://www.dollarsandkids.com/, and his financial planning services here: https://www.illuminatewm.com/. You can also connect with him on LinkedIn here: https://www.linkedin.com/in/benhockemailluminate/, or learn more about the National Association of Financial Advisors College Affordability Project here: https://www.napfa.org/napfa-foundation-college-affordability-project In this episode, I mention the School of Clinical Leadership, my program that helps related service providers design services that support executive functioning in K-12 settings. You can learn more about the program here: https://drkarendudekbrannan.com/clinicalleadership Learn more about today's sponsors, Playworks, IXL and Renaissance:Learn more about Renaissance:As a global leader in education technology operating in more than 110 countries, Renaissance is committed to providing educators with insights and resources to accelerate growth and help all students build a strong foundation for success. We believe that technology can unlock a more effective learning experience, ensure that students get the personalized teaching they need to thrive, and help educators and administrators to truly, fully, See Every Student. Learn more at renaissance.com.We’re proud to be sponsored by Playworks, a 501(c)3 nonprofit organization with evidence-based practices that help schools improve the health and well-being of children by increasing opportunities for physical activity and safe, meaningful play.If you’re a school or district leader struggling with the challenge of chronic absenteeism, as so many are across the U.S., you may not realize that structured recess is a research-backed approach to keep kids in school. In fact, a UC Berkeley study of Title I schools found that those partnering with Playworks had significantly lower chronic absenteeism rates. Further, Mathematica research demonstrated that Playworks schools spent 27% less time transitioning from recess back to learning, saving teachers valuable instructional time. These results are possible for your students, too. Learn how Playworks can help you improve student-educator relationships, belonging, and attendance by signing up for a quick no-obligation conversation. We’re also thrilled to be sponsored by IXL. IXL’s comprehensive teaching and learning platform for math, language arts, science, and social studies is accelerating achievement in 95 of the top 100 U.S. school districts. Loved by teachers and backed by independent research from Johns Hopkins University, IXL can help you do the following and more:Simplify and streamline technologySave teachers’ timeReliably meet Tier 1 standardsImprove student performance on state assessments🚀 Ready to see why leading districts trust IXL for their educational needs? Visit IXL.com/BE today to learn more about how IXL can elevate your school or district.