Dale on All Pro Dad Podcast

Written By Marcus Meazzo

Part 1 of 2

In this must-listen episode of the All Pro Dad Podcast, host Ted Lowe and co-host Bobby Lewis team up with special guest Dale Alexander, a certified financial planner and employee benefits broker, to tackle the critical topic of teaching kids about money. They explore how dads can instill financial wisdom in their children by modeling good money habits, teaching generosity, and combating the pressures of consumerism.

Dale introduces the 70/20/10 rule for financial success, highlights the deceptive nature of smartphones and consumer culture, and shares actionable tips for guiding kids and young adults toward financial responsibility. This episode equips parents with practical strategies to help their children develop lifelong money management skills.

Why Teaching Kids About Money Matters

Financial literacy is more than just a life skill—it’s a foundation for success. This episode provides essential tools and strategies to empower dads to lead their children toward financial independence and responsibility.

The 70/20/10 Rule for Financial Success

Learn how this simple yet powerful rule can teach kids to save, spend, and give wisely, setting them up for a balanced and successful financial future.

Combating Consumerism and the Phone’s Deception

Discover how to counteract the influence of consumer culture and teach your kids the value of living within their means while focusing on what truly matters.

Actionable Financial Advice for Parents and Young Adults

From early lessons for young children to practical steps for young adults, the episode covers age-appropriate ways to foster financial literacy.

Important Episode Timestamps:

  • (00:00) Welcome to the All Pro Dad Podcast
    Ted Lowe introduces the episode, previewing the topic of teaching kids about money and the insights to come.

  • (00:33) Meet the Hosts: Ted and Bobby
    Ted and Bobby share their thoughts on the importance of financial literacy and their personal experiences with teaching money management to kids.

  • (01:18) Special Guest Introduction: Dale Alexander
    Dale Alexander, a financial expert and family advocate, is introduced, bringing his expertise to the discussion.

  • (01:40) Skateboarding Stories and Financial Expertise
    The hosts and Dale share humorous anecdotes and how life lessons from skateboarding relate to managing finances and learning from mistakes.

  • (03:17) Teaching Kids About Money
    The conversation delves into why it’s critical to start financial education early, focusing on saving, spending wisely, and understanding the value of money.

  • (11:38) The 70/20/10 Rule for Financial Success
    Dale explains the 70/20/10 rule, a simple framework for teaching kids how to allocate their money: 70% for needs and wants, 20% for savings, and 10% for giving.

  • (16:14) The Phone’s Deception
    The hosts discuss how smartphones and social media create a false sense of consumerism and how dads can guide their kids to focus on what truly matters.

  • (16:41) The Power of Giving
    The conversation shifts to the importance of instilling generosity in children, showing how giving back fosters empathy and financial discipline.

  • (21:17) Teaching Kids About Money
    Practical advice continues with age-specific strategies, from chore-based allowances for young kids to budgeting lessons for teens.

  • (23:26) Financial Advice for Young Adults
    Dale offers advice for parents guiding young adults into financial independence, including tips on managing expenses, credit, and long-term planning.

  • (29:40) Modeling Financial Behavior
    The hosts emphasize the importance of dads modeling responsible financial behavior as the best way to teach kids about money.

  • (32:47) Conclusion and Resources
    Ted, Bobby, and Dale wrap up the episode with key takeaways and provide resources for dads looking to further their financial education and parenting skills.

APD Pro Move:
“Introduce the 70/20/10 rule to your kids: Spend 70%, save 20%, and give 10%. It’s a simple framework for building financial discipline and generosity.”

Sponsor:
The All Pro Dad Podcast is proudly brought to you by Family First, a nonprofit dedicated to equipping parents with resources to strengthen their families. Learn more at FamilyFirst.net.

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Marcus Meazzo
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Dale on All Pro Dad Podcast