Episode 223: Getting Your Kids Saving Early with Timothy Smith

The sooner kids learn about financial literacy the better. They have a greater chance of maintaining financial freedom and independence in their adult lives. But this goes beyond budgeting, spending, and knowing how credit works; it includes saving for short and long term goals. So to find out more about what parents can do to educate their children on saving I talked with personal finance expert and podcaster Timothy Smith, who hosts "The Financial Dad" with his two daughters. He has some great ideas on how to start your kids out right with money.  In this episode you will learn: - How to educate your children on saving and investing - How to teach your children about taxes - About basic saving skills - How to choose a good long term investment - About red flags to look for in investment scams and get-rich-quick schemes