Raising financially savvy kids: tips from a physician parent
In this episode, we explore the intersection of education and finance with guest Michele Cho-Dorado, a pediatric gastroenterologist. As physicians, we often prioritize academic excellence and lifelong learning, but one critical aspect of education that is often overlooked is financial literacy.
In this episode, Michele shares her personal journey of discovering the importance of money management in her mid to late 30s and how she is now teaching her young children about budgeting, saving, investing, and giving. She believes that introducing good financial habits early on can prevent financial hardship and debt later in life.
By becoming financially literate, children can develop a sense of responsibility, independence, and social consciousness. Financial education also promotes critical thinking and problem-solving skills, essential for personal finance and many other aspects of life.
Join us as we delve into the benefits of financial literacy, the importance of teaching children about money management, and how this life skill can lead to a brighter future.
Michele Cho-Dorado is a pediatric gastroenterologist.
She shares her story and discusses her KevinMD article, “From pennies to attending salaries: Why physicians should teach their kids financial literacy.”
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