—Topic: Setting up kids to be a financial success as adults
Description:
In the next-to-last episode of the season, Doug Nordman returns to The Money Millhouse, but this time he is accompanied by his daughter Carol Pittner. Bethany and Ellie love having another multi-generational financial family in the Millhouse as they discuss the different approaches each family took.
Doug explains how he was able to teach Carol about money through the “Bank of Carol” and the concept of a Kid 401k. Carol also explains the main takeaways from her childhood money education and what she plans to pass down to her child. Bethany and Ellie also discuss some of the money-teaching tools Ellie used to raise Bethany, as well as what Bethany plans to continue with the next generation.
Doug and Carol share the concept behind their new book they wrote together called Raising Your Money-Savvy Family For Next Generation Financial Independence, coming in spring 2020 from ChooseFI Media.
Doug is the author of “The Military Guide To Financial Independence And Retirement” and founder of The-Military-Guide.com. He’s a retired submariner who’s been married for 31 years to Marge, a retired Navy meteorologist/oceanographer and Reservist. They’ve lived on Oahu for nearly 29 years. Their daughter Carol is on active duty with the Navy’s newest aircraft carrier (the USS GERALD R. FORD). She’s also married to K.J., a Navy officer in the Information Professional community.
