Bonus Q&A: Teaching Kids about Money, Investing and Financial Responsibility with Tad Fallows

#88: Tad Fallows joins Chris on this bonus episode to discuss teaching children about money and investing, allowances, college savings, and strategies you can use for investing in your children. Tad also shares his favorite real estate tax hack recommendations for Dallas, Texas and his favorite finance podcasts. Tad Fallows (@LongAngleHNW) is co-founder of Long Angle, a private digital community of highly successful young entrepreneurs and executives. He also cofounded iLab Solutions LLC, a global leader in cloud-based laboratory management software, which Agilent Technologies acquired in 2016. Full show notes at: https://allthehacks.com/bonus-tad-fallows   Partner Deals  For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned Connect with Tad Fallows: Twitter | Website | LinkedIn | Email Resources Mentioned M is for Money Mr. Money Mustache Reddit fatFIRE Podcasts Odd Lots Podcast Money For The Rest of Us Business of Family Tad Fallows’ Dallas Recommendations Katy Trail Ice House Dallas Symphony Orchestra   Full Show Notes (00:00) Introduction to Tad Fallows (03:38) Fostering Financial Knowledge and Values in Children (07:09) Empowering Children with Brokerage Accounts for Stocks (08:39) Teaching Money Value and Charitable Giving through Allowances (09:04) Instilling Financial Responsibility and Natural Consequences (10:17) College Savings: 529s vs. Flexible Options (13:00) Tax Strategy: Real Estate Professional Status (14:07) Staying Current on Investments and Finances: Tad's Resources (15:47) Tad's Recommendations for Dallas Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices