Do you know what “social capital” is?

On this episode, we talk with Rob Phelan, a serial entrepreneur, author, and teacher. He’s founder of “The Simple Startup” to teach 10-18 year olds about entrepenuership, and he’s also the author of the new book M is for Money. 

Rob shares with us that social capital— helping others and being there for your friends and colleagues, without expecting anything in return—is a great quality to cultivate.

We also talk about money in relationships, what it’s like to be a high school personal finance teacher, and more.

Mentioned in this episode:

Rob’s newest book: M is for Money
The Simple Startup: online entrepreneurship guidance for kids
Rob Phelan on Twitter
The Richest Man in Babylon — 1920s classic about personal finance

YNAB — popular budgeting software (affiliate link). Did you know that college students get their first year of YNAB free?
Donors Choose
All the Hacks Podcast

Thanks for listening!

This has been a long time in the works–but I have a podcast!

It’s called “Teach My Teen About Money” and it features interview with “money nerds” sharing their stories and their advice with my teenage son Joseph … and me!

The background of this podcast project is moderately interesting. During the completely remote 2020 FinCon, I said in several of the Zoom group meetings that my son was learning a lot of his personal finance information on TikTok.

One person responded “Brad Klontz is killing it on TikTok!” which is true, but I digress, so let me digress a little more. I admire all the work that Dr. Klontz has done. I’ve read his books and I think that his “money scripts” construct is one of the best ways to approach money mindset.

So back to FinCon 2020. I said — more than once — “I need a podcast called “Teach My Teen About Money.” And so many people in the FinCon community said, “Go for it!” I am really grateful for that support and encouragement, one of the best things about FinCon.

Joseph is now a college freshman studying finance and accounting, and he is still interested in money. So we did some interviews and had a great time. I especially enjoyed the process of “talent stacking” when it comes to podcasts–learning how to record, edit, upload, and more. I wish I had done it long ago, and I have a lot more ideas about fun podcast projects.

So, it took a little longer than expected, but here it is. Let me know what you think about it. Episodes “drop” (as the cool podcasters like to say) on Tuesdays.

And Dr. Klontz, we’d love to interview you, too!

Here is the trailer: