How to Raise Your Family Money Savvy Doug Nordman & Carol Pittner

How to Raise Your Family Money Savvy

How do you raise your family money savvy is a question many parents ask. We teach our children their ABCs, arithmetic, and basics of life as they grow to become members of our society but who’s teaching them to be money-savvy? Doug and Carol are joining me to discuss how parents can set their children up for financial success and independence. As Father and Daughter, they bring a unique perspective, providing an inside look on both sides of Carol’s financial education. Doug Nordman served for 20 years of active duty in the U.S. Navy’s submarine force and retiring in 2002 at the age of 41. He and his spouse, a retired Navy Reservist, reached financial independence in the late 1990s on a high savings rate. These days Doug enjoys surfing, slow travel, writing, public speaking, reading, home improvement, personal-finance conferences, and more surfing. He’s the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com. He donates all of his writing and speaking revenue to military-friendly charities. Doug’s daughter, Carol Pittner, joined the Navy on an ROTC scholarship and has served around the world on a destroyer and an aircraft carrier before transiting into the Reserves. She and her active-duty spouse are rapidly approaching financial independence on a high savings rate. Military personal finance is an important family topic to both Carol and Doug who are the authors of “Raising Your Money-Savvy Family For Next Generation Financial Independence”, coming on 8 September from ChooseFI Media.

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Raise Your Family Money Savvy Episode Details

  • Carol and Doug’s new book, Raising Your Money-Savvy Family for Next Generation Financial independence
  • Understanding your child’s point of view of learning about finances from their parents.
  • Why messages and lessons will be received differently than planned
  • What inspired Doug and Carol to write their new book
  • What Financial Independence is
  • The options financial independence gives you
  • Why you don’t have to wait until you’re 65 to retire
  • The impact hard lessons learned have on children
  • Did Doug have a plan for teaching Carol about money
  • How to use milestones to increase responsibility
  • The link between learning about money and important life skills
  • The little lessons that go far
  • How to create opportunities for teachable moments
  • Teaching needs vs wants and delayed gratification
  • How to start small
  • How to create long-term lessons
  • What to do when kids make mistakes
More on kids and money: How to Teach Your Kids About Money

Raise Your Family Money Savvy Resources

More on money and life: How to Build Your Best Financial Life

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