047 - Season 4 Episode 47 - Teaching kids financial independence with Cam McLellan

In this special crossover episode, we welcome Cam McLellan, an Aussie-based investment expert and author of "My Four Year Old The Property Investor." Cam shares his journey of setting his kids up for financial success from a young age, discussing strategies for teaching kids about money, investing, and the importance of making smart financial decisions early in life. This episode features insights first shared on the "Where's My Money" podcast, where Cam was invited as a special guest.

Highlights:

• Introduction to Cam McLellan: Get to know Cam, his background in property investment, and his mission to educate everyday Australians on building a solid financial future.
• Early Start in Investing: Cam shares his approach to getting his kids involved in property investment as young as eight years old, turning them into the youngest landlords in Australia.
• Financial Challenges and Solutions: Discussing the financial challenges facing young Australians today and how Cam's strategic planning can help bridge the gap between the haves and have-nots.
• Investment Strategies for Kids: Learn about the trust structure Cam uses to set up his kids for future success and the importance of teaching them the fundamentals of investing.
• Life Lessons in Money Management: Insights into the practical lessons Cam imparts to his kids, from saving pocket money to understanding the value of hard work and delayed gratification.
• Financial Independence for Everyone: Tips and advice for parents on how to model good financial behavior, avoid common money mistakes, and set their kids up for success, even if they can't afford to buy property right now.

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