In this episode: Teaching Kids Financial Independence, Allowance, Rob’s road to FI and more.

In this episode of the Mindful Fire Podcast, Rob Phelan, a high school math and personal finance teacher, shares his passion for teaching about money and raising a financially responsible generation. He discusses his own journey into personal finance and how to equip children with better decision-making skills for their future. He also emphasizes the importance of personal finance and the role of teachers in educating students.

Guest Bio

Rob Phelan is a high school math and personal finance teacher living in Maryland. He is also a certified financial education instructor and very passionate about helping kids, teachers, and parents learn about money and become financially responsible. He has written a children's book called "M is for Money" and runs his own business called "The Simple Startup" where he teaches 10 to 18-year-olds how to start their own businesses.

Resources & Books Mentioned

• M for Money (https://amzn.to/3mvnMIa) : Rob’s Children’s Book 
• The Simple Startup (https://amzn.to/3ZuSFuY) by Rob Phelan

Rob Phelan’s Contact Information

• Websites: 
• SimpleStartup.com (https://thesimplestartup.com/?utm_source=mindfufire.org&utm_medium=referral&utm_campaign=podcast-with-adam)
• MisforMoneybook.com (https://www.misformoneybook.com/?utm_source=mindfufire.org&utm_medium=referral&utm_campaign=podcast-with-adamhttps://www.misformoneybook.com/?utm_source=mindfufire.org&utm_medium=referral&utm_campaign=podcast-with-adam)
• Instagram : @FIeducator (https://www.instagram.com/fieducator/)
• LinkedIn: https://www.linkedin.com/in/robphelan/

Key Takeaways

• It's crucial to start building positive money habits and mindsets in young children since the majority of our money habits are set by age nine.
• Parents and educators spend the most time with children, making it important to educate them about personal finance. This will equip children to make better decisions in the future.
• Understanding personal finance and money management is essential for achieving financial independence, which gives you more options and control over your future.

Whenever you are ready, here are 2 ways I can help you:

1. Download my free One-Page Envisioning Exercise (https://mindfulfire.carrd.co/?utm_source=podcast-feed&utm_medium=referral&utm_campaign=episode-126&utm_term=amyminkley) to think BIGGER about your life and what's possible for you.

2. If you're at or nearing FI, but feel stuck and unable to move forward to your next chapter, let's chat. (https://mindfulfire.org/chat)

My 8-week small group coaching program started May 17th.

The first group is SOLD OUT but you can JOIN THE WAITLIST (https://mindfulfirewaitlist.carrd.co/?utm_source=podcast-feed&utm_medium=referral&utm_campaign=episode-126&utm_term=amyminkley) .

By the end of the 8 week small group program, you will:


• Have a clear and exciting vision for the next chapter of your life

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If you’re ready to finally start living the next chapter of your life, let's chat (https://mindfulfire.org/chat) .

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