How Patrick Bet-David Teaches His Kids Value of Money

Patrick Bet-David Podcast Episode 70. In this short clip Patrick Bet-David, Adam Sosnick and Danielle DiMartino Booth talk about how to teach kids about money.
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The Bet-David Podcast discusses current events, trending topics, and politics as they relate to life and business. Stay tuned for new episodes and guest appearances.
Connect with Patrick on social media:
Instagram: / patrickbetdavid
Twitter: / patrickbetdavid
Facebook: / patrickbetdavid.valuet...
About the host:
Patrick Bet-David is the founder and CEO of a financial services firm and the creator of Valuetainment, the #1 KZbin channel for entrepreneurship with more than 3 million subscribers. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a keynote speaker.
Bet-David is passionate about shaping the next generation of leaders by teaching the fundamentals of entrepreneurship and personal development while inspiring people to break free from limiting beliefs to achieve their dreams.
Follow the guests in this episode:
Danielle DiMartino-Booth: bit.ly/36nGzLn
Adam Sosnick: bit.ly/2PqllTj
To reach the Valuetainment team you can email: [e-mail]
Want Patrick on your podcast? - bit.ly/329MMGB
#PBDPodcast #ValuetainmentShortclips

[@nelsonmartinez949]

Financial literacy is very important

[@carefulconsumer8682]

Bring back "Home Economics" and "Personal Finance." My parents gave me $500 for the entire semester. If I wanted more, I had to get a job. Which I did, in the science library, electron microscopy lab, etc. It was an invaluable experience imo to have to work in college and learn the meaning or work and the value of money. I even worked as a stevedore on the docks in grad school; extremely hard work but you REALLY learn to appreciate every dollar.

[@RandomAmerican23]

First job I was 17. Never got an allowance. Paid for my cellphone, car, insurance, college tuition, dates… everything but housing (lived at home) Was what it was. College paid off, making well over 6 figures, zero debt, loading up on assets… Gotta do what you gotta do

[@nicholasfinnigan9955]

Man seeing this conversation shows how broke my family was.

[@JonathanSorunke]

I really like the idea of matching the amount your kids make. It incentivizes them to make more!

[@pokegogeezer7676]

I completely agree about the immense opportunity with financial literacy. Unfortunately, I think our government wants a populace that is dependent on government, so they frown on it.

[@julian2789]

Think about it people are more inclined to take on debt from banks if you keep them financially illiterate. So when all the students graduate high school what's typically drilled into their heads? It's college and you have a lot of people who go for degrees that aren't needed in the real world, you have others who go for the fun, and you also have those that are trying to get legitimate jobs. I think it's no coincidence that student loans are up there in debt, and student loans is the first. We have a society that encourages you to take on home loans, car loans, ect and these risks wouldn't be taken if more people were financially literate. Not to say these types of loans can't be benificial. I hate to believe this but it does seem as if the education system is trying to keep people financially illiterate sadly, and the only benefit I see by doing this is that more people will be inclined to take on debt if they don't really understand what they're getting into. I hope I'm wrong about all this; it's just a perspective.

[@sjdhgydhfyrn1023]

She really keeps abreast of the issues.

[@blessdunn]

Your family should teach you financial literacy, Americans love being consumers it just human nature make more tend to spend more

[@mamabear71234]

I started working when I was 14. My parents charged me $400 a month rent plus whatever expenses they needed money for. They were not doing what was best for me. They just wanted me to pay their bills. They never gave me anything but just talked about everything they did for me. When I struggled they never helped me. Parents that truly care about their children do not have their children get jobs to help them pay bills. Toxic parents do. My parents did not care about my education. They were just entitled narcissistic baby boomers. I despise them to this day because as I got older I realized they did not really care about me. I will be making sure that my child is educated and prepared for his future.

[@blainepotskin1884]

It’s true. We have to teach our next generation on to build community’s because communities make and can teach our kids what we weren’t taught.

[@CatManToday]

Thx Pat.

[@MonaMarMag]

Pieniądze i produkty lub rzeczy , które można za nie kupić docenić są w stanie ci , którzy sami swoją uczciwą pracą na nie sobie zapracowali . Tyle z pewnością wiem .

[@EliteClinicalResearch]

Love it!!

[@honeybadger7002]

I really really enjoyed that one team 😉

[@archivaldoWillyCast]

I learned to work when I was 10. At 14, my dad told me. If you want a phone, shoes, personal Wants. “You put half and I put half. At the age of 15 I moved out of my parents house.

[@TheMicahwitz]

Danielle grew up on easy street.

[@guyanasun4361]

The best way to teach a kid value of money is to teach them not to value money. It has no value, it's simply means of transporting wealth or value . When you could live with no money, you're able to thrive with money.. And if we could make money, we wouldn't have to earn it.. Last and foremost. Don't ever laugh at a kid's crazy idea.. Their crazy mindset could become big money in their future.. Doing something that seems foolish now but ultimately making a fortune in ways you couldn't imagine

[@ChicagoMike85]

Oh no. Not this lady again the “conspiracy theorist” lady. The one who insults YOU if you have a different opinion than her…

[@obrienortega6942]

Colleges and universities are becoming obsolete.

[@carmenlajoie2719]

How is Economics not taught in High School

[@PeterHealthyLifestyle]

Patrick is one of these guys who pretend to be conservative to fit in. lol

[@drtimmy9089]

On a lighter note, PBD's kids could get a loan for 5k, get 5k and pay back the loan and their dad's 5k every month. I'm just saying the matching system is flawed.

[@nicholasfinnigan9955]

Probably through college at 150 a month man that shit sounds great 😆

[@immigrationcanada1802]

I'm Asia. We were 100% financially supported until our first job at age 25+

[@darronfunx7359]

YoU kNoW hOw You PuT tHe Car In DrIvE

[@NDScope]

$150 a month in college? That kid better have a job.

[@snterp]

Who believes her BS story?

[@scottsimon769]

LAST 💩😎