Bonus Q&A: Teaching Kids about Money, Investing and Financial Responsibility with Tad Fallows

#88: Tad Fallows joins Chris on this bonus episode to discuss teaching children about money and investing, allowances, college savings, and strategies you can use for investing in your children. Tad also shares his favorite real estate tax hack recommendations for Dallas, Texas and his favorite finance podcasts.
Tad Fallows (@LongAngleHNW) is co-founder of Long Angle, a private digital community of highly successful young entrepreneurs and executives. He also cofounded iLab Solutions LLC, a global leader in cloud-based laboratory management software, which Agilent Technologies acquired in 2016.
Full show notes at: https://allthehacks.com/bonus-tad-fallows
 
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Resources Mentioned
Connect with Tad Fallows: Twitter | Website | LinkedIn | Email
Resources Mentioned

M is for Money

Mr. Money Mustache

Reddit fatFIRE

Podcasts

Odd Lots Podcast

Money For The Rest of Us

Business of Family

Tad Fallows’ Dallas Recommendations

Katy Trail Ice House

Dallas Symphony Orchestra

 
Full Show Notes
(00:00) Introduction to Tad Fallows
(03:38) Fostering Financial Knowledge and Values in Children
(07:09) Empowering Children with Brokerage Accounts for Stocks
(08:39) Teaching Money Value and Charitable Giving through Allowances
(09:04) Instilling Financial Responsibility and Natural Consequences
(10:17) College Savings: 529s vs. Flexible Options
(13:00) Tax Strategy: Real Estate Professional Status
(14:07) Staying Current on Investments and Finances: Tad's Resources
(15:47) Tad's Recommendations for Dallas

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