Greed Geek

#4 - Derrick Stephens: Kids, Financial Literacy & Overcoming the Odds

February 21, 2021 Jason Byrne Season 1 Episode 4
Greed Geek
#4 - Derrick Stephens: Kids, Financial Literacy & Overcoming the Odds
Show Notes Chapter Markers

Children often graduate into the real world as adults without being given the proper skills to manage their budget, invest, and make good financial decisions. We discuss with guest, Derrick Stephens, about overcoming the odds for success and teaching our kids in creative ways on their level. Derrick comes up through the foster care system, where only 3% graduate from college, to have multiple post-graduate degrees and be an entrepreneur. He has some great hands-on strategies to develop those skills in his kids, at age-appropriate levels.

Derrick's Up Bringing in Foster Care System
Under Dog Dreams
"I sold drugs for 20 minutes"
Financial Literacy Education for Kids
Teaching Parents about Money
Teaching Kids About Business
Making Kids Write Business Proposals to Wash the Car
Getting Kids Interested in Investing in Stocks
Going over company fundamentals with kids
"Schools are still set up to create factory workers"
The Power of Compound Interest
Social Justice and Generational Wealth