Episode 13 - Raising Financially Savvy Kids with Clifton Corbin

Unlock the secrets to impart essential financial wisdom to your kids with finance guru and author Clifton Corbin. We share a heartfelt journey through Clifton's early fascination with money, his trials with credit card debt, and his evolution into a champion for youth financial literacy. 

Our conversation examines the foundational differences between earning and managing money smartly. It serves as a powerful reminder that teaching financial responsibility is key to preparing children for the economic complexities of the future.

We also discuss the upcoming Raising Generational Wealth virtual summit, which promises a deep well of knowledge for parents dedicated to laying the financial groundwork for their children's prosperous future.

Episode Highlights

(04:19 - 05:40) Teaching Responsible Money Management to Youth

(13:48 - 15:45) Best Practices for Teaching Financial Literacy Through Lending

(19:13 - 20:02) How To Explain The Difference Between Saving and Investing

(23:57 - 26:48) Piggy Banks vs. Bank Accounts

Resources

Connect with Clifton - cliftoncorbin.com

Join us at the Raising Generational Wealth summit May 2nd - 4th

Get your FREE Kids Money Workbook

Read Clifton’s book Your Kids, Their Money

Connect with Deb

Website: WorthyNest.com/podcast 

Get a copy of Redefining Family Wealth

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Full transcript

Deb Meyer (00:01.44)

Do you want your kids to be responsible, financially literate adults? Then you are in luck. In episode 13 of Beyond Budgets(R), we're talking with Clifton Corbin, a registered financial consultant, MBA grad, and former business consultant. His first book, Your Kids, Their Money, provides parents with tools to teach financial literacy to their children. He's also the host of the upcoming Raising Generational Wealth Virtual Summit, which takes place May 2nd through 4th.

And when not reading or listening to podcasts about finance or economics, Clifton can be found fixing up his historic home in Toronto, playing basketball with his kids, chairing a PTA meeting, or DJing in his basement. All right, Clifton, let's get started. What is your earliest money memory?

clifton (00:46.124)

Oh, goodness. I have this distinct memory of the first time I earned a $5 bill. It just felt like so much because I was dealing with real money. I was money-curious as a kid. So I was always interested in getting money and earning money and learning about money. I remember when I got that first $5 bill, it wasn't like quarters, nickels, dimes or pennies back then. It was an actual bill and it was mine. And I remember holding it and being super excited to have it and not wanting to let go of it.

Deb Meyer (01:17.216)

That definitely is a good memory where you're like, “hey, I got this.” And then you're like, “OK, I want to earn some more.” So what did that spur? What came after that, getting that first $5 bill?

clifton (01:23.436)

Mm -hmm. I want more. I want to figure out how do I do this again? Exactly.

clifton (01:34.958)

So like I said, I was always kind of money curious. So it was my early money experiences were all around earning more. So I had a lot of early jobs, you know, the lemonade stand, the paper route. I just wanted to find out ways. Cause I could tell pretty quickly, like this thing that we call money had a lot of influence on our wellbeing. I could see it as a child. I recognize that it gave me access to things that I'd want. And I knew this is something that I wanted to find a way to get more of. So those early memories are mostly about how do I accumulate more of this stuff that is so valuable to me and to so many other people.

Deb Meyer (02:16.864)

So let's fast forward a little bit into early adulthood. Obviously some people grow up money-curious and they can develop this great habit of savings and investing and all of that. What was your pathway as you became a young adult taking some of this interest in money? How did that transfer into your young adult life?

clifton (02:37.006)

Great question. So my early curiosity, which kept going all the way up until I was a young adult right before I went into college, right before I went off to school, I thought would all fuel me to be perfectly situated for once I became a young adult. I was like, okay, I know money. I've been making money since I was a little kid. I can make money. It never became a challenge. Making money was never a challenge. When I became a young adult and I went off to school,

That's actually when things went off the rails. I ended up getting my early credit cards, didn't know what I was doing, totally mismanaged them. Those credit cards went into collections and it just, it totally messed up my finances. My credit score went into the gutter. Like everything went bad getting calls from collection agents and all the rest. And that's kind of why I do what I do now is because I thought as a young person, knowing how to earn money was enough.

And then as a young adult, I realized that's just a piece of the financial literacy puzzle. Like I needed to learn way more than just how to make money, which is a, you know, it's a big piece of it, but how to budget, how to save, how to manage debt, all of those pieces were the pieces that I felt like I needed to learn and eventually teach and help other people how to manage money. Because like I said, once I became a young adult, I was like, this, this isn't enough. I need to, I need to learn way, way more than I already have.

Deb Meyer (04:04.192)

How did you take that experience and kind of parlay it into financial literacy for kids? Was it at the moment you became a father that it suddenly became about helping kids or where did that transition point come for you?

clifton (04:19.054)

How did it actually, how did it start? How did I get there? Was that?

Deb Meyer (04:23.264)

Yeah, I mean, that's part of it. But I guess I'm also curious of like, obviously, you want to be able to help people manage money responsibly, but helping adults manage money responsibly and and helping parents help their kids manage money responsibly are two different things, right? Even if you have a financially responsible parent, I would say I'm a financially responsible parent. Teaching those same lessons to my kids is more challenging than I would think.

clifton (04:45.516)

Right?

clifton (04:51.214)

It's hard. And that's, like I said, that's kind of why I do what I do. So how do I do it? And the reason why I do it is because I really want to help young people avoid some of the mistakes that I made. I really want, I recognize even more so now that I've gone through that journey of, you know, making a mess of my finances, finding my way out of it, learning the economy and the system and listening to different resources and reading different resources. I've tried to take all of that learning and then say,

okay, these are the things that I think young people need to learn. And the reason why I focus on young people is because they need it the most. They're the ones who are going to be joining the adulthood and all of the challenges that come with managing money, being an adult, paying bills, all of that comes at them. And if they haven't had experience managing any of that, now they're thrust into this world without any experience or without any tools or without any benefit of...

you know, learning how to do it. So this is why I feel the need to focus on young people. And then the how well, that was part of the reason why I wrote the book. It's definitely the reason why I'm holding the virtual summit. I feel like parents have the ability to start talking to their kids about money. We have a wealth of knowledge because of the experiences we've had, both good and I'll use air quotes around bad because I think every experience is an opportunity to learn. So our

Our experience is a chance to teach our kids, but I know a lot of parents still don't necessarily feel comfortable with those conversations, which is why I wrote the book, which is why I'm holding the summit, is to help parents feel comfortable, give them the language, give them tools, give them resources so that they can start teaching the kids, so they can start saying to their children, here's how money works, here's how you might want to manage money, here's how we do it in our house, here are the values we have with our money, so that the conversation about money, so the topic of money,

It's just out in the open and I feel like the more it's out in the open, the more we're talking about it, the easier it will be for our children to start incorporating some of those good money lessons and good money habits.

Deb Meyer (06:54.976)

So I'm curious because allowance is often a hot button topic. When do you think it is appropriate to perhaps start introducing an allowance and then how do you think parents especially I think you use the quote “pay for chores trap” in your book. How do you get away from that as you're thinking about incorporating an allowance for your kids?

clifton (07:18.062)

Sure. So I've had the privilege of being able to experiment with my children and again, reading some of the literature. For allowances, you kind of have to, it's like most of this, you need to let your child kind of guide you on where you want to go, where you need to be. So for example, with my son, I tried an allowance, I can't remember exactly what age he was, but he was too young. He wasn't ready to do all the math. He couldn't manage it.

So we paused, we did other things, other activities to talk about money and experience money. But I held off on the allowance until he was able to at least do the money math, because that's a big piece of it. That's going to be different for every child, right? So some that might be really early, that could be like six, seven, some that might be a little bit later, eight, nine, 10.

I love the idea of the allowance and you're right, I don't like the idea of tying allowance to chores. And you're right, I did say that when you start doing the allowance for chores, you can find yourself in a bit of a trap. And that trap is when your child says, “well, I don't want the allowance or I'm going to go out and make my own money.” So now they don't care about the allowance. They're not getting in practice, practicing using money and transacting and saving, donating all these other skills that we want. And the chores also aren't getting done. So you get into this bind where if you use the chores or use the allowance as the, the motivation to do the, to get the allowance, you can find yourself in a bit of a, in a bit of a situation where,

They're not getting the practice that you want with the allowance. How do you manage that? I use other privileges as the motivation and incentive for getting chores done. So screen time is the biggest one. I love using screen time because I feel like there is some value in screens, but is there a lot of value in screens? Maybe not. Usually if I'm using, if I'm trying to motivate my children to do something that they may not want to do, I will use screen time as opposed to the allowance because I wouldn't want to say to my child, “you can't go and practice your piano because you didn't clean your room.” Similarly, I don't want to say you can't practice using money because you haven't done your chores. So that's kind of how I work it. But there's other, other mechanisms to give your child practice using money without the allowance.

Deb Meyer (12:13.888)

Okay, great. Now, you were talking a little bit about motivations and you have intrinsic motivations, extrinsic motivations. Could you explain a little bit of the difference and how that can be helpful when you're framing the allowance conversation in terms of getting the kids to actually be motivated, to want to earn money and save money? How do you motivate them? Because I know at least with my teenager, it's extremely hard to motivate. When he has an opinion of what he wants to do and I have an opinion of what he should do, they don't always coincide. Which type of motivation is more powerful, especially when it comes to an allowance?

clifton (13:28.686)

Oh, that's such a great question. So intrinsic motivation is that motivation that you get from within, whether that be the hope of mastering a subject or what have you. Extrinsic motivation is when some type of external force is motivating you. Now using an allowance as an extrinsic force to motivate someone, that's how we get into that pay for chores trap. I like the idea of trying to encourage our children to learn and be curious and using their

intrinsic motivators, basically their curiosity, their desire to master a skill, their want of, you know, knowledge to motivate them whenever possible. It really is, I think, a better means of motivating. That's not to say there isn't some value in using extrinsic motivators. They do work and they, but they, they do work, but they, they, they're time limited. If you use them too much, they lose their effectiveness, which is why I don't like using allowances to manage chores because after a while,

Like I said, it could kind of fall apart once you use it. And once you're using extrinsic motivators, you lose a lot of that. I can't think of a word for it, but that power of curiosity, the power of knowledge, that power of learning that comes from within. When we want to do something, when we're intrinsically motivated, we're much more likely to take in the information and it will stick much better than if we're forced to learn something. I think the quote I use in the book is if you...

force a child to read a book, they'll read a book. But if you get a child interested in reading, they will keep reading. And I love that type of mentality. So it's the same idea. So if I can get my children or get your children interested in learning about money as opposed to forcing them to do something to access money, I feel like one of those has a lot more potential long -term value.

Deb Meyer (15:14.4)

Okay. It makes sense. I mean, if you think about extrinsic motivation, it's like dangling that little carrot. And with intrinsic motivation, you have that internal drive to want to do it naturally, not because someone's forcing it upon you. And that's really true, not just with allowances, but really anything in life, any long -term play really does have to be fueled by that intrinsic motivation.

clifton (15:42.926)

Right, because after a while, if you're not motivated, then you lose interest. You just don't want to. So I'll use my children as an example here. My son is very similar to how I was as a child. So he's very motivated to learn about money. And we talk about it often. We're just going through some investing for kids book just last night. And he was so into it. My daughter, on the other hand, she's not. She often will say, I'm tired of hearing about money. I'm tired of talking about money.

Because it's not something that is interesting to her, which is fine. I still talk about it in her presence. I still make sure that she's aware of the concepts and I try to use examples of things that work for her. So find the things that already are interesting to her and then put the context on it with regards to, well, this is how you would save for it, or this is how that product is made, or this is why that product costs more now than it did when I was a kid. So.

trying to, again, go to where your child is to give them the context. Because it really does depend on them, right? If they're pushing against it, then you're going to be, it's harder. But if you could find the things that are already interesting to them, it just makes the conversations flow. And then you're talking about things that they want to talk about, and then everyone's having a good time. So that's, that's my idea is that you want the, that's my goal anyways, is for you to find things and subjects.

to talk to your children about that incorporate some of these money lessons. I don't want you sitting down with like a whiteboard and going over, you know, needs versus this or that. I don't want like, that's not necessary. I, but if you just go and start talking to your children and including them in some of your conversations with regards to your budget, what have you, I feel like there's a lot of value.

Deb Meyer (17:27.424)

Mm -hmm. All right, let's switch gears for a little bit. I know a lot of parents don't necessarily think about lending money to kids as a financial literacy tool, but you do emphasize that as an important tool. What kind of ground rules should be followed when a child borrows from a parent?

clifton (17:43.758)

It's a great question. So when you're lending money to your child and go back a step, the reason I like to encourage folks to lend money to their children is because it helps to start instilling that habit of paying back. So when I thought about my, you know, my journey through finance, I didn't have to pay anyone anything until I became a young adult. So I didn't have any bills. I never borrowed any money. And it just was.

a new skill that I had to build. And for a lot of people, it's just intuitive. You lend money or you buy something or you pay what have you and you have to pay it back. But for me, it wasn't, I don't know why it wasn't, but I'm assuming it's also the case for other people that they are not used to paying things back. So if you can get your child into that habit at an early age of, Hey, I lent you this. Now you need to pay it back. It should, and it will help them once they get older. So now with regards to the ground rules,

You need to set a benchmark for how much you're going to lend them, right? Like if they owe and they need to have access to money as well. So I wouldn't lend to my child if I wasn't already giving them an allowance. So I know they have the means to pay it back. I wouldn't lend to them without a conversation about what it means to be borrowing this money. So they need to understand that they will have to pay it back. So what are the terms of this loan? So they need to have access to money. They need to understand the terms of the loan.

And I also try to set the amount of money. So these are just three. There's a few more that I can mention, but these are the three big ones. So I wouldn't lend them too much. So usually at most I would do one week's allowance. We do a weekly allowance in our home. So one week's allowance is the most that I would lend them, knowing that within a week's time, they can pay back the loan. So giving them the tools to be successful with regards to paying the loan back is kind of how I try to phrase it.

The other things you want to do is make sure you're talking to other folks in the, in your child's life. So if they've got grandparents or aunts or uncles, let them know what you're doing so that they're not going out and extending themselves too much in other corners. Right? So if they're borrowing something from you and they're borrowing something from their older sibling and they're borrowing something, now they're overextended and they may not be able to manage it. So you need to be able to at least include some of the people in their lives to say, listen, this is how we're managing money.

clifton (19:58.158)

If they're asking you to borrow money, just ask them if they already have an outstanding loan and you are now, you could be a potential debtor in their lives or debt collector in their lives and that you need to do the due diligence to see if they have the collateral and all the three Cs to make sure that they could pay back this loan. So I try to make it a family affair, right? Where I want everyone in the family included in these conversations as much as possible. So those are just some high level guidelines, but I really do like the idea of.

your child being able to borrow money from you, because it's also a chance for them to build trust with you, right? You're showing that they're becoming more and more responsible as they get older. So this isn't something that you're necessarily doing with someone who's just getting an allowance for the first time. But as your child gets a little older, maybe you have teenagers in your home, this is something you could start doing with them, because teenagers really, they're right on the verge of becoming their own.

money managers, right? They're just a couple of years away from having to figure this out. I'll figure all this out. So giving them these tools at that time, I think is really helpful.

Deb Meyer (20:59.136)

Yeah, what are the ages for your son and daughter?

clifton (21:01.966)

My son will be 12 in about a month's time and my daughter is 9.

Deb Meyer (21:06.912)

Okay, all right. So yeah, you're probably just on the cusp of actually needing to do a lot of lending, especially with your son being 12.

clifton (21:14.06)

My son, I've done it with my son. I've done it with my son a few times. And the first time it stung him a little bit because he borrowed some money from me. It wasn't a lot, but then shortly after that, it was his birthday and he got some birthday money and I reminded him of the debt and it really, he felt the sting. He was like, but I just got this. And I was like, yeah, but it's not yours because you owe someone money. And he paid it back and it wasn't pleasant for him.

But it did start to build that habit of, okay, if I borrow, then it's not free money, it's money that needs to be paid back. And what about yours? How will all be yours?

Deb Meyer (21:56.16)

Yeah, I have an eight year old, almost nine, 11 and 14. So yeah, I have lent my oldest a little bit, but yeah, I haven't followed the ground rules precisely. So I think I need to probably go back to that chapter and really dig in and make sure. I guess we get more in the...

Okay, Reece, how much cash do you actually have on hand? And then he's like, oh, I don't have any. I'm gonna have to pay you back when I get home. And I'm like, well, okay, how much do you have back at home? It's just, it's challenging, no matter what. It's challenging. Yeah. Right.

clifton (22:38.798)

It's challenging. None of it is easy, but I feel like it's all valuable. I think it's all valuable. The more they have opportunities to practice using money, the more they'll be equipped once, you know, you're not there with them, right? So maybe that conversation in a couple of years isn't with you, but it's with a roommate and they're like, oh wait, this, I don't, you know what, maybe I won't buy this right now. I'll come back later and get it once I have my, once I have money in hand. So those types of memories that they can draw on to determine how they want to interact in the world will be there because you're giving them the opportunity now to learn.

Deb Meyer (23:43.84)

Okay. True or false? Saving and investing are essentially the same.

clifton (23:58.894)

So they have elements of the same thing. So saving is kind of the idea of, I am going to put some money aside for another day, which is so, so valuable. I think we all need to get into this habit of, you know, paying ourselves first. It's one of the things I think it's one of the first principles, I think of most financial literacy. If we can get into the habit of making sure that we take some of the money that we earn and put it aside as savings.

Deb Meyer (24:00.048)

Why?

clifton (24:29.056)

will all be a lot better off that avoids the paycheck to paycheck cycle. It avoids not having money when you need it. And when you're in an emergency, it helps you avoid using debt when you do need money in a, you know, immediate term basis. So saving is critical, but saving is just putting your money aside. Investing is when you take that money that you've put aside and find opportunities to make that money grow, whether that be.

you know, buying an investment property or putting it into the stock market or, you know, uh, investing it into a business, what have you, there's all these, there's multiple opportunities to invest, but investing is taking money and taking on some risk with the hopes of that money growing in the future. So they have elements of commonality, but they're definitely not the same.

Deb Meyer (25:20.128)

Okay, so when you're trying to teach that concept of investing, obviously there's a lot of nuances to investing, but any parameters around explaining like the concept of diversification to them, you know, a kid that's brand new, just starting to invest in stocks or mutual funds, how do you explain that concept? And I'm doing this with my own older two sons right now, so I had them read a book on investing first. And then now I'm trying to also instill these lessons with them. Yeah.

clifton (25:51.054)

Okay, well let's go through this exercise then. Can you give me something that your children are interested in? I've got something in my head for mine, but I'd love to see if I can come up with something on the fly for yours.

Deb Meyer (26:02.848)

Video games.

clifton (26:04.302)

Perfect, perfect. So video games. Okay, we could use video games for sure. In the case of video games diversification, I would say it'd be similar to if you had a new gaming console, whatever console that is, and you got one game, what is the likelihood that you will like that game? It might be high, but over time it might go down, the enjoyment you get from that game.

Now, let's say you had a portfolio of a dozen games. What is the likelihood that you would consistently get joy and enjoyment out of your gaming console? It goes up because now you're spreading all of that enjoyment over the 12 different games that you have. So it's similar to that. So when I was talking about diversification with my son, he used to collect Pokemon cards and some of those Pokemon cards had value as far as like a save and hold strategy.

So if you wanted to resell a Pokemon, some of them had some value. Over time, some of those cards actually increase in value, they appreciate. So same example, if you had one Pokemon card, what is the likelihood that in 20 years from now that Pokemon card's worth, you know, $100? It's possible, but it's unlikely. Now let's say you had a box of Pokemon cards. What's the likelihood that one card in that box will be $100?

Well, some of those cards are going to go up in value. Some of them might never go up in value. Some of them might've gotten damaged and might've gone down in value. But having a variety of cards in that box, in that portfolio, if you will, gives you more opportunity to have value over the long term. It's the same idea with the video games. The more you can diversify your collection of games, the more chances your enjoyment will go up of this console.

Deb Meyer (27:53.76)

Okay, that's a great, great tool. I love that. That's a great one that you did on the fly. Yeah, that's really helpful because it is hard to find. I guess the key lesson here is starting with something they're already interested in instead of trying to insert your example of, you know, I think of diversification, like the Easter egg basket, you know, you went different colors of the Easter eggs, but I'm like, that's not, I mean, Easter's once a year and our kids like, they're getting a little older, the ones that are actually interested in investing don't really enjoy searching for Easter eggs anymore.

So just really tailoring it to them, their stage of life, helping them understand that it's not just about having one video game or one Pokemon card, it's about the breadth of having many and understanding that some are going to be more valuable than others at different points in time. Yeah, cool.

clifton (28:43.598)

Right.

clifton (28:51.566)

Exactly, exactly.

Deb Meyer (28:54.048)

Well, thank you. That's a really helpful analogy. I also want to talk about the concept of kind of throwing out the piggy bank, opening a bank account instead. And again, I'm going to play a little devil's advocate here, but isn't there something to be said for having that kind of physical reminder of a piggy bank, especially if you're working with younger kids?

clifton (29:06.798)

Sure.

clifton (29:13.774)

Oh, for sure. So I don't like the piggy bank because it is, it's got all of the worst quality. So let me give you this example. If you were to open up a bank account, but you couldn't see how much money you had in it to actually access it, you have to destroy your account. So you have to close down your account and you couldn't actually put all of the money that you wanted in it easily.

That's a piggy bank, right? Like you can't get bills in a piggy bank. You can't see how much money you have in a piggy bank. Some of them you have to actually physically destroy just to get access to them. So the actual piggy bank itself, I hate having money in clear jars. I love because that gives you the ability to still do all the things that the piggy bank is supposed to do, but do it in a way that actually helps you build those habits. So for young people, yeah, I,

Deb Meyer (29:41.312)

Mm -hmm. Mm, that's true.

Deb Meyer (29:57.44)

Okay.

clifton (30:06.894)

I'd actually encourage young people not to do the bank account because I want them to physically hold touch and actually manage their money in, in real life as opposed to digitally. So I like the idea of doing, let's say like the three jars where you have a jar for saving, for giving and for spending, but the jars are clear. So you can see at a glance, okay, I have this much money in my account because that's what the jars are. It's really just, it's early accounting.

And then they have a wide top so you can easily take money in and take money out. So it's easily to make deposits and withdrawals. So that's my qualm with the piggy bank is that it does technically work as an account, but it works poorly as an account. It doesn't give you clear lines of sight into your balance or allow you to do easy withdrawals or deposits. For some, that's a good thing. Some people just want to be able to deposit and not think about it. And I get that.

But I think for our young people, what they need is they need access to do all of the things that an account has.

Deb Meyer (31:07.04)

And some of them too, like if they are visual learners, even as they get older, I'm finding with my oldest son, we did have a bank account, but then he was spending a lot more using the debit card associated with the bank account and it just got to be too much. So now we kind of went back to cash and he knows exactly how much he has in his wallet at any given time, but that's at least.

And again, he's getting close to that time where he can actually get a job outside that has a W -2 at the end of the year and things like that. And I'm sure we'll use a bank account for direct deposit, things like that. But just having that kind of physical reminder, I think can be helpful. I love the idea of the clear jars though and having that transparency and not just separating it into savings, but having some of these other accounts as well. So yeah, jars.

Deb Meyer (32:01.76)

Okay, cool. I know I'm looking forward to the Raising Generational Wealth Summit in early May. Could you share a little bit more about the event as the host?

clifton (32:11.886)

Sure, I'd be happy to. The Raising Generational Wealth Virtual Summit is, I'll tell you why I'm doing the virtual summit. As I mentioned to you earlier, I've always been passionate about helping young people learn financial literacy. But what kept coming up over and over again was a lot of adults were saying they didn't feel comfortable talking about financial literacy. They didn't feel comfortable teaching financial literacy to young people because they weren't comfortable with their money.

So one of the things that I've wanted to do is to kind of roll up a little bit of what I'm teaching to help parents. But I've been meeting so many wonderful people, yourself included, who already teach different aspects of financial literacy. So I thought it would be a wonderful opportunity to bring a lot of them together because I've got friends who teach, you know, budgeting. I've got some who are teaching money mindset, like how to be in a relationship and start talking about money. I've got people who talk about financial planning.

and estate planning like yourself and like the whole gambit of all the pieces that these parents say they don't feel comfortable talking about. So I was like, well, if we can get them in the setting, make it a nice virtual event so that everyone can have access to it, make it free so everyone has access to it. And then also add in some of the pieces that I like to talk about, which is how do you talk to your kids about money? Then we can help the parents and then we can help the parents start helping the kids. So that's.

That's the reason why I'm doing the event. It's because I really want to help overcome that, that hurdle that I keep hearing about, which is not feeling comfortable talking about money. So if I can help with that, then hopefully I can help get to the next stage where you're now not just comfortable talking about money, but you're comfortable talking to your kids about money so that they can start learning and doing all of the things that we were just mentioning.

Deb Meyer (34:00.544)

Great, awesome. Well, I look forward to speaking at it in a few weeks. So, totally great.

clifton (34:04.142)

I'm so excited that you're there. I'm so excited for this thing. It's, I've got, I think 20, 25 speakers who are all going to be contributing to the, to the event in some way or another. It's just, I was speaking with someone recently and I mentioned the summit and they're like, this is, we need more of this, right? It's a community of people who care passionately, passionately about financial literacy coming together to make an impact on.

so many different communities. So this is, I'm super excited about this and I'm hoping it goes well and I'm hoping I can do it again. But yes, so May 2nd, 3rd and 4th is the Raising Generation of Wealth Virtual Summit.

Deb Meyer (34:44.672)

Awesome. Any resources or places to find you online ahead of time that you want to share for those listeners that are really getting a lot of value today and just want to learn more about what you offer and some of the resources.

clifton (34:57.326)

Sure. So you can find me at my website. So it's cliftoncorbin.com. There's also the virtual summit, which is raisinggenerationalwealth.com. And if you're looking for a resource to kind of help do some of the things that we're mentioning, I've got a free workbook. It's at kidsmoneyworkbook.com. And if you go there, you can download it. It's got activities there and a bunch of things for kids to start doing, to start practicing and learning some of these money concepts that we've been talking about.

Deb Meyer (35:27.36)

Lastly, any closing thoughts or questions that I didn't ask?

clifton (35:32.078)

Closing thoughts, thank you so, so much for what you're doing. I'm so glad to hear that you've started this podcast. I think the more we can talk about money and families, the more chances we have to get people who are maybe not feeling where they want, not feeling like they're where they want to be financially. Hopefully, you know, podcasts like yourselves, like yourself, will help them get to where they want to be. So the only closing thought is thank you. Thank you for doing this. My pleasure.

Deb Meyer (36:00.)

Thank you. This is a great conversation. Appreciate it.

clifton (36:03.534)

Thank you.