Are We Raising Money-Smart Kids or Just Spenders? The Hidden Impact of 'Invisible Money' on Their Health and Wellbeing!
Welcome back to Uncover Your Eyes with Dr. Meenal! Join us as we uncover our lives as healthcare professionals.
This is Episode #48 and you’ll hear Maya Corbic, CPA share how it only takes one person to change the generational wealth trajectory of your family. Watch the video episode on YouTube and listen to the audio episode on Apple Podcasts, Spotify, and your other favorite podcast spots – follow and leave a 5-star review if you’re enjoying the show!
- Episode Summary & Player
- Show Notes
- Learn more about Uncover Your Eyes with Dr. Meenal
- Learn more about Dr. Meenal Agarwal
Uncover Your Eyes with Dr. Meenal Episode #48: Are We Raising Money-Smart Kids or Just Spenders? The Hidden Impact of 'Invisible Money' on Their Health and Wellbeing!
Did you know financial literacy can directly impact your child’s well-being? Studies show that kids who understand money management experience lower stress, better mental health, and a stronger sense of security—leading to healthier lifestyles as they grow.
It only takes one person to change the generational wealth trajectory of your family. Let that person be you.
In this episode, we sit down with Maya Corbic, a CPA and the founder of The Wealthy Kids Investment Club.
Tune in to learn:
✔️ Why financial literacy is crucial for our children’s long-term health and success
✔️ The best age to start teaching your kids about money
✔️ Whether allowances help or hurt financial habits
✔️ Common financial parenting mistakes
✔️ When and how to introduce debt and credit cards to your kids
If you’re a healthcare professional, parent, or anyone who wants to set up the next generation for financial success and better health, this episode is a must-listen!
Here’s a small sample of what you will hear in this episode:
- What to say when your child asks how much money you make?
- Is it a burden to teach your children about money?
- What age should kids start getting an allowance?
- Should young kids track their spending?
- How does the digital landscape impact children's financial stability?
If you’re a healthcare professional, parent, or anyone who wants to set up the next generation for financial success and better health, this episode is a must-listen!
Follow Maya Corbic, on Instagram @Teach.Kids.Money and check out her book & The Wealthy Kids Investment Club:
From Piggy Banks to Stocks: The Ultimate Guide for a Young Investor
Subscribe to Uncover Your Eyes on your favorite podcast platform and YouTube, and learn more about Dr. Meenal on Instagram @Dr.MeenalAgarwal.
Check out the episode and show notes below for much more detail.
Show Notes
- Are We Raising Money-Smart Kids or Just Spenders? The Hidden Impact of 'Invisible Money' on Their Health and Wellbeing!
- [0:45] Welcome to Uncover Your Eyes
- [1:10] Introducing Maya Corbic
- [1:43] Why is understanding finances important for children?
- [2:43] What age should we start teaching children about money?
- [5:45] What age should we start allowances?
- [8:07] The 4 different ways Maya recommends dealing with an allowance
- [11:25] What are common mistakes parents make around an allowance?
- [13:50] What are the health implications of financial illiteracy?
- [15:39] When do you explain debt to your kids?
- [19:00] How do you teach kids to use a credit card? And when should you give them their first credit card?
- [21:18] What’s the youngest Maya’s ever coached?
- [23:05] Should young kids track their spending?
- [25:04] How does the digital landscape impact children’s financial sense?
- [27:50] Maya Corbic’s general tips for parents
- [30:43] Educating your children about money is not burdening them
- [32:23] What to say to your child if they ask how much money you make?
- [34:00] Connect with Maya Corbic and check out her book
- [34:29] Subscribe to Uncover Your Eyes on your favorite podcast platform and YouTube, and learn more about Dr. Meenal on Instagram @Dr.MeenalAgarwal
- Theme Song: “Upbeat Motivational Pop Rock” by Alexey Anisimov
What is Uncover Your Eyes with Dr. Meenal?
Thanks for listening to Uncover Your Eyes with Dr. Meenal. Being an eye doctor makes life easy, right? Not so fast. Join us as we uncover our lives as healthcare professionals. In each episode, you will face reality and vulnerability. You’ll hear how to manage your wellbeing, culture, and physical and mental health. You’ll also navigate self-improvement and professional development, all while uncovering innovation in patient care from experts in our healthcare system. Let’s do this while keeping it “real” and authentic. Hosted by Dr. Meenal Agarwal, Expert Optometrist, Entrepreneur, Speaker, and Mom of 3.
Who is Dr. Meenal Agarwal?
With three clinics in Toronto and sought-after experience, Dr. Meenal Agarwal is an expert in vision and eyecare innovation. She is a leading voice on patient care, technology, professional development, and wellness in the healthcare industry.