Doug Nordman retired at age 41 after maintaining a high savings rate despite not being high earning. He has been retired for the past 20 years and has remained financially independent through three recessions. This allowed him to provide his daughter with a valuable financial education.
Carol Pittner, having learned these valuable lessons in her youth, is now rapidly approaching financial independence herself.
Together, this father-daughter duo have amassed wealth and knowledge to be passed down to future generations. Carol and Doug are the authors of “Raising Your Money-Savvy Family For Next Generation Financial Independence”, which comes out later this spring.
In this episode, you’ll hear practical advice on saving for early retirement as well as how to effectively educate your children about finances.
You’ll learn:
- How to use an allowance to teach children financial responsibility and independence
- How to use teachable moments to further their financial know-how into wisdom
- How to build trust around money in order to initiate money conversations
- How to teach deferred gratification and saving for future goals
- Simple scripts that reinforce the money lessons you want to teach
Links
- Doug Nordman https://the-military-guide.com/
- Carol Pittner https://childfire.com/
- “Raising Your Money-Savvy Family For Next Generation
- Financial Independence” by Doug Nordman & Carol Pittner
- https://www.choosefi.com/raising-a-money-savvy-family-for-next-generation-financial-independence/
- The Military Guide To Financial Independence And Retirement by Doug Nordman https://amzn.to/3cZaGsv
- The Money Book and Hideaway Bank by Elaine Wyatt https://amzn.to/2Snq8Hg
- The First National Bank of Dad: The Best Way to Teach Kids About Money by David Owen https://amzn.to/2Wci5Oq
