Video Discription |
We have another special guest on the Cash Kid Podcast! Justine Nelson is a book author and founder of DebtFreeMillennials.com. She published a book called "Investing for Kids Activity Book" which has 65 activities on how to teach your kids about money and how to start investing it early. The Cash Kid and Justine are two people trying to change the financial path of their peers. Listen in, the Cash Kid Podcast is underway! Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
Cash Kids, we have another special guest on the Cash Kid Podcast today. Just like I’m trying to reach my generation to build a better financial future, she’s dedicated to changing her financial direction of her. She’s someone who self-taught herself to become a financial expert and wrote a book to help us Cash Kids do the same.
Stay tuned…The Cash Kid Podcast is underway!
Intro tease:
So you’ve got some cash. Maybe from an allowance, or that money your grandma gave you for your 7th birthday. Here you go, sweetie. Thanks, Grandma.
Whatever it is, what are you going to do with it? Spend it, hide it away… or maybe invest it? Let’s start learning how to make that money grow.
Time to learn how to be a cash kid.
Joining us today is Mrs. Justine Nelson. Justine is the founder of Debt Free Millennials and YouTube channel aimed at helping millennials improve their financial situation. She is here to tell us about her financial education book for kids, what she's doing today to help fight for more financial education, getting millennials out of debt, and much more!
Welcome to the show. And first off, tell us a little bit about yourself.
Justine Nelson: Thank you so much for having me. This is so awesome. Glad to be on the show. My name is Justine Nelson. I am the founder of Debt Free Millennials and I help millennials crush debt achieve financial confidence that leads to more fun and fewer payments
My journey with personal finance actually started when I was a sophomore in college, I was doing my homework at the time when I got a phone call from my mom. And she told me that she and my dad could no longer support me financially through school because she had been laid off from her job. So, I was really panicked on what to do, and trying to figure out how he's going to afford college tuition. So I did what any other college student did at that time, which was to walk down to the student financial aid office and asked to take out more student loans. By the time that I had graduated, I was $35,000 in student loan debt. And I was just making $10 an hour at my very first job, which wasn't a lot of money to cover my student loan payment, and do all of the things that I wanted to do.
After college, I wanted to live in an urban city and a high rise apartment. I wanted to go out for sushi and have lots of fun traveling. And I wasn't sure how I was going to do that, with so much student loan debt. So it was then that I decided that I needed to take financial ownership and pay it off really, really fast.
Cash Kid: We purchased your book “Investing for Kids Activity Book” last year and loved it. We even inspired some of our previous episodes based off the boo. Tell us why you chose to write this book.
Justine Nelson: I chose to write investing for kids the activity book because when I was 10, 12 years old, I didn't have a really good understanding of money. In fact, I thought money was a little mysterious. I had no idea how to earn it, how to keep it. And the only basic teaching principles that I knew from my school was how to write a physical paper check. I don't know if you remember those. But that was the only teaching that I had from school was learning how to write a physical check, and how to cash that in. And really finances so much more than than writing physical checks. And I'm not sure if a lot of people do that anymore. So money is constantly evolving. And I wanted to write this book as a way to guide individuals and kids on how to access money, invest it and grow it.
Cash Kid: So tell us about your website and YouTube channel Debt Free Millennials. Why did you start this initiative?
Justine Nelson: Yeah, so going back to my story. I eventually paid off all of my student loan debt in two years, five months on a $37,000 salary. And through that journey, in my experience of being very disciplined with my budget, learning how to invest and really making strides in my career to earn more money, I found more and more of my friends and family were coming to me for financial advice. So, I decided to start a business out of it. And one thing that really attracted me about running my own business was that I could use whatever platform that I wanted, which I love that you're using a podcast. And for me, a YouTube channel was the perfect match for somebody who enjoys being on camera talking about financial topics, and helping others hone their skill set and financial li... |