EP #98: The Four Things You Can Do With Money with Mac Gardner

Written By Robert DePasquale

Studies show that children can have foundational money experiences as early as age five.  These lessons can last a lifetime and it’s important to make sure that young people have a healthy relationship with their possessions.  Technology often gets a bad review when it attracts the attention of young people.  But, what if we could use it as a positive force for education and assistance?

Mac Gardner has about two decades of experience working in the financial and technology space.  He’s written multiple books and his most recent project is dedicated to teaching children the importance of understanding how money works.  He also founded a technology firm dedicated to financial education for all.  If you combine financial literacy and technology, you have a modern way of bringing the world together and offering vitally important information for all.

What You'll Learn In Today's Episode:

  • Why a career path never goes as planned

  • The importance of financial literacy

  • How long it takes to write a book

  • Why you should listen to your clients

  • Who are the four money bears

  • Why it’s important to give generously

  • How early children start to think about money

  • The importance of research

  • The evolution of financial services and technology

  • What to tell kids about money

  • What is gamification

  • How enjoyment is essential in learning

  • The authority you get from writing a book

  • The importance of memorializing your ideas

  • The importance of storytelling

  • How to engage the next generation

  • How memories are the best teachers

  • The four things you can do with your money

  • Mac’s three “R”s

  • How kids are naturally hardwired to take care of others

  • How kids can teach us to be more giving

  • What’s the 50-30-20 rule

  • How you can use technology for good

Ideas Worth Sharing:

“It’s run predominantly about older white men.” - Mac Gardner speaking on the wealth management industry

“A child’s connectivity with money starts by age seven.” - Mac Gardner

“There wasn’t a lot of stuff out there when it comes to financial literacy.” - Mac Gardner

“We’re still doing research.  It’s a never ending journey.” - Mac Gardner

“For kids, the first habit they pick up is a spending habit.” - Mac Gardner

“We can change the world with the solutions that we’re putting together.” - Mac Gardner

“If your target is between five and ten years of age, it has to be gamified.” - Mac Gardner 

“There’s weight behind writing something…it’s an opportunity to memorialize your experiences.” - Mac Gardner

“All we are at the end of our days is a collection of stories.” - Mac Gardner

“I was probably five, six years old and my dad taught me what net worth was.” - Mac Gardner

“Money is just a tool.” - Mac Gardner

“Because we are in a capitalist economy…giving comes so far down, it’s hard to be able to do it.” - Mac Gardner

“We are looking to use technology to help children across the country, the world.” - Mac Gardner

“Everybody is using some sort of technological resource.” - Mac Gardner

“I think a lot of people just needs some motivation.’” - Bob DePasquale

“Writing a book just seems to time up really well with starting a business.” - Bob DePasquale

“What’s your enough?” - Bob DePasquale

Resources In Today's Episode:

 
 
 
 
 
Robert DePasquale

Lover of Stewardship

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EP #99: Working Hard and Treating People Right with DC Glenn
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EP #97: Charitable Giving with Rick Peck