Kevin Freeman: Ahoy, mates. Welcome aboard another voyage of Pirate Money Radio, the show that sails against the storms of fiat tyranny, cultural confusion, and counterfeit ideas to chart a course toward liberty, sacrifice, security, and values built on biblical truth. I'm your captain, Kevan Freeman, coming to you from the heart of Texas.
Mike Carter: And I'm Mike Carter. excited about this show today, Kevan, to our listening audience, if you have kids, if you have grandkids, if you care about the next generation, this is a show that's going to make a difference, for your kids, grandchildren, whatever. And so I'm super excited about it because kids need to learn about money early. what does it mean to actually own a piece of a company? this isn't a rich kid hobby. An opportunity to take advantage of the days of their youth to have great success. But they've got to understand the money first, and so much. Even adults don't understand that. Today, Kevan and you break this out in an easy to understand way with a really big idea at the end. And we're going to ask our audience if they like this idea, to participate and let us know because there's a really big idea that can have significant impact on your children.
Kevin Freeman: Yeah, I was really blessed, because of my family and so forth, that I knew that a share was something more than sharing a sandwich. Ah. To my dad, it meant a share of stock and a slice of ownership in a real company. In my case, one that makes movies, bottles, soda, builds airplanes, mines, metal. but it could be the next AI or rocket ships to the moon or Mars or whatever, like Elon Musk. It's a company. It's a share of a company that's using capital. And I can own a sliver, as can anyone else. And if the company prospers, that sliver can be worth more. But if it fails, the sliver can shrink. I'm not talking casino chip. I'm talking about a claim on a real asset or a real company.
Mike Carter: Yeah. And you know, Kevan, a lot of people hear stock market and they think about people in business suits and marble floors and, well, that's, that's for the rich people. but that's the myth. that was a myth, maybe back in our early days. Yeah. but, and it's still somewhat of a myth because I don't have money to invest. I can't do that. I'm working paycheck to paycheck here, I can't even get ahead. It's a different world.
Kevin Freeman: Yeah, well, people don't think they own stocks. But actually, when you look at the Gallup, results, it says 62% Americans in the year 2025 reported owning stock. American adults own stock in some form. It could be a mutual fund, it could be a 401k. It could be a single company that you invested in. So more than half the country is already in the stock market. It's not a private club. One of the differences, though, is how young are you when you start versus how old. We think of stocks as an old person's thing. We think of stocks as a rich man game. And it's true. In households making under $50,000 a year, ownership drops to about 28%. In households over $100,000 a year, income, it's about 87%. Now the market's opened the habit. And the education, though, they're not evenly distributed. That's the gap we're here to talk about. That's what we want to talk about.
Mike Carter: Yeah. Quick quiz, Kevan. I saw, that study on financial, literacy out there, and I'm going to test your CFA here, really, for a listening audience. And you might feel smart when you hear this, but let's say you put $100 in a savings account paying 2% a year. After five years, do you have more than $102? Exactly. $102 or less.
Kevin Freeman: You have more than if you put 2% a year. It compounds compound interest.
Mike Carter: Yeah, yeah, because it earns interest. but, you know, a lot of people got that question. I think 50, 50 some percent of people missed that question. This isn't hard things to understand. And you start to think about the power of compounding interest, especially if you're young, and the advantage that exists there. That's what becomes exciting about what we're going to talk about today.
Kevin Freeman: That is, you know, shocking to me because if you put money at interest in an account, we know it builds, it's the eighth wonder of the world. compound interest. It really is powerful. But 47%, only 47% of U.S. adults were able to answer those questions. That and other questions.
Mike Carter: That was an example question which wasn't a hard question. But that's the gap that our kids are growing up in. Half adults aren't getting it right. Our kids aren't even hearing this story.
Kevin Freeman: Gen Z scored the very lowest, answering an average of only 38% of questions correctly. That was, from the TIAA Institute and Global Financial Literacy Excellence Center. And that was reported in CBS News on June 1st of this year. That's frightening. And when you walk through that gen Z, it's 18 to 29 year olds. answered only 38% of the questions correctly. They were the weakest generation on this list. They're the ones we're going to be handing off control of the world to. We hope, if America's still in business. We hope.
Mike Carter: and the skeptic in me says it's probably purposeful that our institutions are missing that because, gosh, we can control them better if they don't have that money. let's not let that happen.
Kevin Freeman: No. And people don't really. They don't know what money is, unit of account, store of value, means of exchange. They don't know what money is. They don't certainly know what you can do with it other than buy a new iPhone with it or cheeseburger or whatever they think of it or something. You need to get mind, mind, mind, mind, mind, greedy. We talked about that last week. but we need good, sound financial advice. It used to come from a parent, a grandparent, or a stockbroker at the kitchen table. Then it came from a search bar. Google answers your question. Now it comes from AI and that can be helpful. It's still information, but it's not wisdom. And wisdom is a father who lets a child feel a loss. And I want to talk about that, because wisdom is. Sometimes you don't solve all the money problems as a parent to a child. Sometimes you let him feel a loss. Wisdom's knowing the difference between using money as a tool and having it as your master. you know, a financial model that's not going to love your grandkid. It's not going to sit in church with you on a Sunday night. It's not going to teach you about freedom. We need wisdom who teach. Treat money properly and then show that you can, what you said last week, earn all you can from Wesley, save and invest all you can and give all you can that save and invest all you can. You got to have some knowledge to do that. And you need some wisdom.
Mike Carter: Yeah, yeah. You know, Kevan, I know parents, that spend a decade paying for that. Okay, what college is my kid going to go to? I got to get them in the right place. and Maybe they spend 10 minutes understanding what a company is out there. the first teacher the kid gets when they go to that college campus is, oh, sign up for this free credit card. oh, and probably today. Oh, here's the latest sports betting app. I want to be cool with my friends. I can start betting and making money that way or losing lots of money. they're not neutral teachers. There needs to be a better option out there.
Kevin Freeman: That's why kids turn to Bitcoin. Looks to them like a casino. I bought so many of this dogecoin or this coin or that coin, and it's gone up, it's gone down. They treat it like a casino. They have no idea. And unfortunately, in the stock market today, nobody has any idea. You know, I bought this hot tip, it's going to go up. They don't really know what they're owning. They don't know what they're investing in. They're providing capital to a company that may or may not be doing good things, may or may not have a good future. when I, when I was a kid, my father was a stockbroker and that really was his job in Tulsa. And he did something that fathers, most fathers never do. With my allowance. He basically said, I'm not giving you cash, I'm giving you a share of stock. You pick a company and I'll buy a share of stock. And if it goes up in value, you get to keep the gains. But if it goes down, you eat the losses. There was no bailout because I picked wrong. It was junior high. It was the mid-70s. It was a terrible period. Stagflated. The stock market had already scared all the adults out. One of the greatest bear markets in history. And this stockbroker decided his kids should learn what a company was. And that story's coming. We'll cover it, more when we come back after a break. But, before I get there, I do want to talk about. There are only three things you can do with your money. You can give it, you can spend it, or you can invest it. Here at Pirate Money Radio, we work to explain solutions that support all three areas in a way that promotes liberty, security, and values. Patriot Mobile, it's a mobile phone company, supports the Pirate Money radio program. Patriot Mobile uses US carriers, including AT&T, Verizon and T Mobile and operates on both Apple and Android phones. More information about the economic war room and Patriot Mobile is [email protected] AFR that's PirateMoneyRadio.com AFR and Mike, that reminds me, when we were kids, there was Bell, Bell, Bell Telephone.
Mike Carter: Oh, yeah.
Kevin Freeman: There wasn't patriot mobile or AT&T or Verizon or T Mobile. Or any of those. There was Bell.
Mike Carter: It was a monopoly.
Kevin Freeman: It was a vast monopoly, and you could own shares in it, and it would pay you dividends, and then they split it up. And then you had to make a decision. Do I want to have Southwestern Bell? Do you remember Southwestern Bell? which I think is Verizon. Now they've all split off and go. But we had real companies. And the decision was, which of these real companies do you want to invest in? That was my decision as a kid. I don't know if your dad gave you shares of stock or not.
Mike Carter: No, no. But I was somewhat aware of it. But let's go back to kitchen table issue. Today I'm a single mom making $100 a month. Got to pay my electric bill. Kevan, I can't even afford to help my kid buy a stock right now. What do I do?
Kevin Freeman: Well, you know, there's an exciting program that we talked about just a few weeks ago where if you have a baby now, the government's gonna put a thing thousand dollars in an account for you, and that's going to get invested in the stock market. Do you know about that? If you don't know about that, you need to learn about it. Go back and listen to the show. We'll talk about maybe when we come back after the break. But the notion is, get your kids to learn about investing. You can buy a share of stock for less than the price of a pair of sneakers. And teach them, let them learn. Now is the time for them to learn. It'll pay off in the end. And if they don't do it, they'll regret it in the end. Maybe one of the greatest gifts you can give is teaching your children about giving, spending, and investing. All right, we're going to cover this and more when we come back right after this break.
Mike Carter: welcome back to Pirate Money Radio with your host, Kevan Freeman.
Kevin Freeman: Yeah, I'm back with Mike Carter. Mike, go back to the mid-1970s. This is before we met. But you knew my dad. You met him after I graduated.
Mike Carter: Your dad taught me a lot of things about investing, and yourself back in those days or right out of college out there. But, you know, Kevan, I remember, a story that you shared stuck in my mind. You're a cfa, I understand, a doctorate in economics now. but, you know, most kids pick a company because a parent says, hey, you know, this could be kind of an interesting stock. You picked a company because of a. I hate to say it, Kevan. You picked one because of a Singer that was on the label.
Kevin Freeman: Oh, there you go.
Mike Carter: You want to talk about that?
Kevin Freeman: Yeah, that's true.
Mike Carter: Yeah.
Kevin Freeman: All right, so picture. It's 1974. 75. Dad's given us. All right, your allowance is. You get one share of stock. What do you want your one share of stock to be? And I looked, I looked through the stock, sheets in the Wallnua Street Journal. He handed it, and it's like picking a symbol ticker. And I ran across MCA Music Corporation of America. What do they. And, well, they make records. And I was like, I've seen that mca. It's on my Olivia Newton Jon album. You know, I thought she was really cute, you know, and so I looked at the back and was like, everybody's gonna want to buy this. Her voice is beautiful. She's cute. She sings things that touch me. That was a total sum of my research process. That's junior high research. Right. So it's a big memory for me. I didn't look at a Bloomberg printout. My dad would have taken me downtown to his office and we could have gone through the stock tickers. We bought shares around $20 a share. This is my memory of it. It ran towards, I think got as high as $80 a share. Then it split and then it went back towards 80. So it went. My $20 became 80, and then I had two shares that became 80. So it's my $20 became $160. And he gave us the Prof. A few dollars, but. But that's what it's like. And it, what, moved? It wasn't Olivia Newton Jon. As cute as she was, it was more than a Crush. It was June 1975. The first hundred million dollar blockbuster came out. It was called Jaws, based on a Peter Benchley novel. And, that stock shot higher. A shark and a soundtrack, and a kid in Tulsa who thought he'd bought shares in the singer. Well, I own a piece of mca, so kind of Olivia worked.
Mike Carter: But you do have that golden touch. You were the same young, kid that was like, dad, we're off the gold standard. This is going to be a major problem. So maybe you were a little prescient. You saw Olivia Newton Jon, but you knew there was something else beyond that.
Kevin Freeman: Yeah, no, and it was great. And dad took us on vacation that summer. Where do you want to go? I want to go to California and go to Universal Studios, owned by MCA Records. So I was a junior high boy in a sour economy, and this park was more than a luxury brochure. It was basically what Ownership can do for you when a company you pick does something the whole country talks about. And so I had gains, I had losses. I had down days, I had up days. That's part of the education my dad gave me. It teaches us. And we don't give investment advice on this program. We teach principles, just like my dad did. What you buy, whether you buy a share of stock or not, is between you, your family, and if you have one, a financial advisor, and you ought to have one who knows your facts. education is what we're talking. Not. I'm not recommending. You can't even buy MCA as a stock anymore, I don't think. I'm not giving you a ticker recommendation.
Mike Carter: Got it. you know, Kevan, I remember being in the stock club, investment club with you, and, the importance of when do you buy stocks, when you should sell stocks, the rules of 72, all those good things, simple things, that I hadn't heard them until I was post college.
Kevin Freeman: You don't learn those in college. You don't learn them in high school or junior high. I did in junior high because my dad taught that segment of our economics class. but really, the reality of it is the experience in life. You're going to buy a stock, and you think it's going to win. I remember buying because the Star Trek movie was coming out, and I thought that would do well for Paramount, and, you know, it did okay. But I also bought Cray Computer, which did terrible, Seymour. Cray, the founder, got hit in a car accident, and I missed the idea of modern computer. I mean, there's more power in this little phone here than the greatest supercomputers on earth at the time. So it's a lesson. you know, and we did. I did. I've had winners and losers in my career, but you keep trying, and over the long term, the trend is with you. The stock market has traditionally gone higher.
Mike Carter: Yeah, yeah. You know, I gave my daughter. I didn't get my daughter. I gave her some advice on, investing in stocks. She said, I don't want to lose my money. Well, she made an investment in that stock. She doesn't remember that she's made it. but since she's become a very good steward. But those are the types of things you plant those seeds now, and it makes a difference.
Kevin Freeman: Yeah. All right, we need to talk more about this. I want to talk about the economics class that I had that helped me buy a share. I want to talk about the other class that was My rival. I want to talk about what we learned in church from Milton Friedman. Can you believe it or not? Milton Friedman, I learned in church. We'll be right back.
Mike Carter: Pirate Money Radio M helping you give, spend and invest in ways that align with liberty, security and values. Welcome back with your host, Kevan Freeman.
Kevin Freeman: Yeah, and Mike, we're talking fun things about money and teaching kids at a young age. What do you think?
Mike Carter: Yeah, you know, Kevan, I think of what did I used to see or what did my younger brother used to see on cartoons on Saturday mornings? And it was, how a bill Becomes law. I'm just a bill up on Capitol. Ah Hill. but ask a high school senior what a paycheck deduction is, what a share of stock is, or what 24% interest does on a credit card balance. And schools don't teach that. Even today, we're not really seeing that be taught. And you mentioned Milton Friedman the last semester. I was blessed to be in public education in the 70s, and they rolled in the video machine with Milton Freedom as well there. But, we've lost that. And what are creative ways we can start to make sure that this next generation, and even our generation says, gosh, I understand what this is and I can make some good decisions here. I can be a good steward with my money.
Kevin Freeman: Yeah. No, I remember junior high, Thoreau Junior High in Tulsa, Oklahoma. Mrs. Grimm, Sharon Grimm, she did. It was in the school building, and she had an economics class. And it was great. I loved the class. that was rare then. It's rarer even now. But my dad came in, he explained how the stock market actually worked. not just a cartoon of it working, like, I'm just a stock here on Walton. No, they didn't do that. it was his market. It was bids, it was companies, it was risk. And our class pooled together money that bought one share, and they bought my stock, mca. I got up and I used my debate skills and made the argument for mca. Now, the rival guy class, we were buying a stock and we're holding it over the summer. Right? The rival class, they bought Coca Cola because they just assumed that people. It gets hotter outside. People are going to drink more Coca Cola. And we came back at the end of the summer and our class won. We beat them. We had a better return. And I'm not. I'm still not tired of that. I didn't win a whole lot in junior high. I was picked last for the sports team. I was very short and so forth. But we won the stock Contest.
Mike Carter: And you did it. Your debate probably included showing a picture of Olivia Newton Jon.
Kevin Freeman: Oh, yeah. Well, she was cute. I mean, honestly, she was cute. Even when the. The recently, when we're talking about Dolly Parton. I looked up Jolene to see Dolly Parton, and I looked up Olivia, and I didn't know it, but they sang a duet. The two greatest women singers of the song. Dolly wrote Jolene, and they sang it. The duets.
Mike Carter: Beautiful version.
Kevin Freeman: I love it. All right, so different room, different year. That. That was the room in. In junior, high, but in early college, come came back from school, and Sunday night at church, they rolled out a video card and showed Milton Friedman's PBS series Free to Choose. And that series premiered January 1980. The church was teaching economic freedom as it belonged next to the gospel, right? And he's like, he's Jewish. I don't know that he was a believer in God at all, but he was a believer in common sense. And he taught us things about incentives and honesty and what money was. And it doesn't replace scripture, but he named how money works, and it lined up with God's truth. So last week, we talked about how God made money as gold, silver, and copper. Milton Friedman shows what happens when. When men pretend they can print prosperity and then try and regulate all human behavior with money. And he showed what a failure it was. You talked about Wesley's three rules. Do you remember them?
Mike Carter: it was be a good steward. don't hoard.
Kevin Freeman: Yeah. Make all you can, serve others, earn all you can, save, invest all you can, and then give all you can. And that ties in with the variable of talents.
Mike Carter: Yeah. What about that rule of 72 you talked. We explain that real quick.
Kevin Freeman: All right, the rule of 72 is pretty simple. If, you get 6% interest, you divide 72 by 6 and takes about 12 years to double your money. If you get 7.2% interest, it takes you 10 years. 72 divided by 7.2. If you get, you know, 20% interest, 25% interest, and you take 72 divided by 25, that tells you how many years it takes to double your money. So if you're getting 1% interest, you'll double your money in 72 years. That's a long time. So anyway, Rule 72, there's what money is taught, in the scripture. There's the truth of, honest weights and measures in the scriptures and talking about how education of money and training your children the way they should go. All of those things are powerful. Things that we can learn from the Bible about money. I learned it in junior high and then I learned it at church. All right, hold that. After the break, we're going to talk about accounts that really exist that you can give to your kids when they're born. It's amazing. We'll be right back after the break.
Mike Carter: Welcome to Pirate Money Radio with your host, Kevan Freeman, helping you unpack the economic headlines and providing real money solutions.
Kevin Freeman: Yeah, I'm talking with Mike Carter. Mike, you brought up a point earlier. It's like the mom that's trying to pay for their kids that doesn't have an extra dime because of inflation. It's like, oh, man, I'd love to give my kids a share of stock, but I just don't know that I can afford it. I can't get them invested. And yet there's accounts that are coming out that have come out, that President Trump put out there that really make a difference.
Mike Carter: Yeah. Ah. And also, it doesn't cost that much to. Once you know how to get into a system and start trading now, I mean, you can buy stocks for $5. Under $5, you can buy fractional shares even of stocks, correct?
Kevin Freeman: Correct.
Mike Carter: Absolutely. So it's not something where you need a lot of money. But the idea of how do you teach this? It's not happening at the school and it's not, probably not happen at your church, as it relates to how the investment goes, unlike what you had, Kevan. but it happens with the family. And so we want to help find ways to equip the family to get these principles out, to help people become better stewards.
Kevin Freeman: I gave all my nieces and nephews, I gave them shares of stock, I gave them a certain amount of money and I said, you can split it up. And some of them have done really well. $100 has become 3 or $400. Some of them probably forgot the that they have it. but those that got in it and made it a game, they learned a lot. But I understand the average young person, man, if you could start and put $1,000 away as a baby, can you imagine what that would total over a lifetime if you left it untouched and invested just in an index of stocks? Well, guess what? That is available to you. Anybody having a baby. I'm not. Children born between 2025 and 2028 can receive a one time one thousand dollar federal pilot contribution if you choose to capture it. Families, employers, states, philanthropy can add, like people like Micah Dell. And we covered this. We had A show with Mark Minnella. And you can go back and get it, from the podcasts or afr.net but basically, if you put $1,000 away over time, one that can turn into real serious money for a lifetime and maybe a retirement program for your kids. And it's a gift from the government.
Mike Carter: Yeah, yeah. And again, rule of 72. So if you put that in the right things, if, you're starting as a 15 year old or a 10 year old or a 1 year old, that has real potential to start building into something.
Kevin Freeman: Well, rule of 72, the average, over the long term, I don't know what it'll do in the future, nobody does. But over the long term, you can just round it. Approximately 10% returns annually from the stock market. Now, some of that's inflation, some of it's real return, but 10%, so 72 every seven years or so, you could double your money. Well, it doesn't take a whole lot of doubles to make a real difference. Let's just walk through that math. You put a thousand in seven years, you're seven years old and you've got two. Then at 14 you've got four. Then at 20, at, 21, you've got eight. At 28, you've got 16,000. At, 35, you've got 32,000. At 42, you've got 64,000. We're talking real money for people that are still very young and you just keep going, up till you get to retirement age. We're talking a substantial gift that costs very little today because the government's giving it to you and you can match it.
Mike Carter: Yeah. And as you learn that discipline and your kids start to see, wow, that's growing into something that creates a mindset that, hey, I need to maybe save a little bit more. And how great would it be if I can learn that at 7 years old or 14 years old versus 40 years old?
Kevin Freeman: Yeah.
Mike Carter: 50 years old. It's like, oh, I wish I would have saved a little more.
Kevin Freeman: And there's a proposal. It's not current law, it's a proposal, but maybe kids get a second thousand dollars when the child and the parent finish a real course on education on how to deal with money. Can you imagine that? So we will pay you to learn how to manage your money, and then we'll give you the money to manage. And then over time, I think that's just an incredible idea.
Mike Carter: Yeah. And building an infrastructure and investing, hopefully in America. But also, gosh, Kevan, I remember, Back in the early days, you were talking about the global markets, and so there's opportunities for children to invest in the US but also see other opportunities across the world and what's going on there. So that becomes a world history lesson as well.
Kevin Freeman: Yep. Now, there are problems with the Trump accounts that we talked about on the show with Mark Minnella, which is it forces you to go into a set index fund, which is generally useful, but maybe you're investing in companies that don't share your values. And we think that you ought to be able to pick from among various investment funds that you use. and ultimately, I'd like it to be where you're forced to actually learn how to invest and pick a stock or two so that people learn this. Because what we've taught generations is don't invest in companies, just invest in an index. You're investing in America. That's not how capital formation is intended to happen. And you'll maybe end up funding a bunch of things that you don't like and creating DEI and esg. That's for another week. That will cover that. But maybe you're investing to America's demise instead of America's future. So we need to educate, and then we need. That's what we've been working on.
Mike Carter: Yeah. And the point is to, you know, really help your child learn, how they can prepare for the future, with a parent in the room. And I'd much rather help emphasize the importance of these basic financial principles myself. and, Kevan, I've had the advantage of hanging around you and learning a lot of good things there. But as we get that framework for parents to use out there, what a powerful opportunity to make a difference for your kids. I started to share that story before with my daughter, who I said, well, you've got $50 in, Christmas money. You could buy something with it. It. Or you could invest that. And I, don't want to invest it that I could lose it. I was like, yeah, but it could also multiply. It could do certain things. Well, I think she's kind of forgot about it now. But I kept reinforcing and reinforcing that. now she's out of college. she's, You know, I said, you know, I said, you guys are doing great. You're off to a great start with your career. I said, you can either buy a new car because you need one, or drive the old one that you got a little bit longer and take that money and maybe invest it. And that can turn into something. And you know what? I'm so proud. All those little seeds I planted, that's exactly what they did. And they've made some pretty significant investments in some things, and some woes are starting to pay off. And, that's the power of having those dialogues with your family at
Kevin Freeman: the kitchen table and explain to your kids that maybe money, paper money, loses its value over time, but if you invest it in something, it can grow. That's an important lesson. Here's the thing. We, we created IRAs and 401ks. Those are all for adults who are in the working world. But you miss those first 18 years or so of compounding, and that's a lot of money being left on the table. The Trump accounts is one beginning of a solution to turn our nation into a nation of investors. I tell you, you want to talk to people who will tend to vote right, it's those who are invested in America's future, then they'll care, and then they'll vote right, and they'll do the right things, and then they'll have a voice. If you've got investments, you have a voice. So all of this is really important, and it's about how we handle money and do we have honest weights and measures? You know, full disclosure. We've invested in a solutions provider that I think, kids might find interesting and attractive. And support for this program comes from Glint. It's a financial technology service offering with a debit card and a mobile app that enables users to access gold holdings for everyday purchases. With Glint, users maintain ownership of allocated physical gold, which is stored in a managed vault. And at the time of transaction, gold is sold in real time to cover the purchase amount in local currency. Glint offers an alternative way to store and use the value. Combining gold and silver with modern payment infrastructure, Glint clients can monitor their gold balance or silver view transaction history and manage their account through the Glenn app, available on major mobile platforms. More details about how vaulted physical gold can be used as money are [email protected] Goal247 if you want to see your kids understand the difference between honest weights and dishonest weights and measures, open an account like this. It doesn't have to be Glenn. Open an account like this, give them a little bit of money and let them watch to see what's happening to the silver price, the gold price. Let them recognize what inflation is. These are things that you wish you'd been taught. I'm sure of it. I was taught these. My dad was great at teaching. I've not met many people who were taught by their parents about money like this. And this is an opportunity for us to do it.
Mike Carter: Yeah. You know, Kevan reminds me, we're always about educating people about money from a biblical worldview. But you know your books that are out there, the Pirate Money Book or even the Four Horsemen of the Apocalypse book, they touch on these things. But we were at a conference not too long ago and there's a, about an 8 year old kid and I had the Pirate Money book and I was, working that with some of the crowds and this eight year old came up and started telling me about the Federal Reserve and about what's going on with money and the printing of money and gold. It was amazing. I said, well, you got to go down and visit Kevan. He's down at our, exhibit and get his autograph. But that's the type of difference that you can make. And I think this mom had worked with a total book or something like that. But the understanding that that eight year old kid was better than many people I know that are college age or our age today.
Kevin Freeman: Yeah, no, that's true. And honestly, they're rare, one one in 10,000, young people that really understands and knows this, but money's going to be a part of their life for the rest of their life. You know that. So why shouldn't we give them that practical education? I've written a couple of books. they're written mostly for adults. I think he could take Pirate Money Book and the Four Horsemen book and you can learn more about those, at our book websites. But piratemoneybook.com and Four Horsemen, the number Four Horsemen book.com, but honestly, they're written more for adults. I think most kids can get them. They're not, you know, there's nothing in there that they can't read or shouldn't read. But when we come back, Mike, I want to talk about a Pirate Money course, maybe for the next generation. We'll talk honorable Pirates. Not a cartoon, but kids love pirates and they should learn to understand how pirates are operated and money. We'll be right back.
Mike Carter: Welcome back to Pirate Money Radio with your host, Kevan Freeman.
Kevin Freeman: Yeah, I'm talking with my car, Mike. Before the break, I teased this. why aren't we educating our young people?
Mike Carter: I'm afraid there might be nefarious purposes where we're not educated. But the point is we can. And as you've been talking this, Kevan, you're really kind of setting up A curriculum. It was your dad. It was a classroom. It was a video cart that they rode into the church. That helped make an impact in you and your life and in investing. And those are the types of things that we can look at today and say, wait a second. That's block and tackle here. Kids need to hear this today. They need to hear it more than ever. Because, let's face it, our country financially is probably in worse shape than it's been, ever. and so having sound principles and understanding, this becomes such an important part.
Kevin Freeman: Well, for example, find what your kid's interests are. Peter lynch wrote about this. the best stocks that you'll invest in are the ones that you know and understand. So if you find yourself printing a lot of copies at Staples, and maybe you look at Staples as a stock or whatever, find what your kids are interested in and see if there's a public company they can invest in related to that. And then show them, hey, look, you can buy that toy from Hasbro, or you can invest in the company that makes the toy. Right? Or we can go to the movie. You've seen it once. Do you really need to see it again? Or maybe we could take that $15, which is what movies cost these days, and invest it somewhat. so, yeah, so what you're saying
Mike Carter: is we can make this kind of fun. And what if we made it fun and called it a pirate money series for young people or something like that?
Kevin Freeman: Yeah, no, same ship that we're talking here on the radio, but with the honorable meaning of it. Pirates in our story wanted gold and silver because paper was a leash. patriots. Patriots. So we say pirate money is patriot money. they put gold and silver in Article 1, Section 10. I think children can understand the difference. If you tell them this one burns up and this one is purified, I think they'll get it. Wait, there's something about the gold and the silver kids, I think can get it.
Mike Carter: Yeah, yeah. and so it's not so much the skull and crossbones merchandise, but it's about really educating them on those sound money principles. And that's a cool trick. I mean, if you get that sound money coin, if you got the gold coin, it's really powerful. But even, silver to some extent will sound different than a copper one.
Kevin Freeman: Oh, yeah.
Mike Carter: As you flip it out there. so, you know, they're short lessons. They're, you know, look for timings when you. When you go out to lunch, you know. You know, we just spent this much on Lunch. What if we would have invested that in this potential? Or what if we could have saved a little bit of money and we put that somewhere else? These are things that kids seem eager to learn. And full credit to Jason, our producer, who said, hey, we need a pirate money for kids. You guys should think about that a little bit. And he just shared, before the show here, his son did a lemonade stand, got the money, didn't want to go out and spend it. He wanted to invest it. And he didn't want the paper money.
Kevin Freeman: He didn't want to keep the paper money. Yep, yep. And if we understand why debt, harms us, how to give, how to suffer a loss without lying about it. A research mission on a company. maybe it could be aviation, horses, games, farms.
Mike Carter: Who knows?
Kevin Freeman: Maybe cryptocurrency. What is that? How does it work? A lot of adults don't know or understand this.
Mike Carter: I know a lot that need that lesson.
Kevin Freeman: We could teach it. So if you think that a pirate money curriculum for kids makes sense to learn some of the lessons that I learned, that we learned as adults, but I learned as a kid, maybe we could create something that could be used by grandfathers at a table. Or, you don't need the Department of Education to teach this. So I'm asking the audience straight up, would you use it? Would you help us? If we wrote this, Would. Would you share it? so email [email protected]. you know, if our mailbox is quiet, we'll know it's not interesting to you. But if it's. If you're interested and we get some emails on this, we may have another job to do. Educate the next generation. Proverbs 13:22. Inheritance. Good man leaves inheritance to his children's children. That is more than just the money. It is the know how. It's a pattern. Now, Hezekiah, he was wicked when he said, oh, as long as there's peace in my ears, I don't care about my children or grandchildren. My dad cared. He taught me. Dad wanted me to learn before I earned. Your dad's a good man. He taught you money, principles too. I know it.
Mike Carter: Yeah, yeah. You know, I'd love to watch a 9 year old explain what he owns before I watch some other political pun or something. Say, explain. Well, a child can't possibly understand this, or you're not responsible enough to invest your own 401k. We need to have the control over doing that stuff. it was a child it was you. Now, you're brilliant, Kevan. But he understood Olivia, Jon. And a shark turned that into something of scale.
Kevin Freeman: Yeah. Livia was you. And the shark movie was unexpected, but a blessing. look, it's true. I think we can teach our children. I learned this this way. I made a career out of it. I think your children can learn this way, too. And in the world of AI, this is really powerful information that could help set them for life. We're going to cover more when we come back after this break.
Mike Carter: Pirate Money Radio, helping you give, spend and invest in ways that align with liberty, security, and values. Welcome back. With your host, Kevan Freeman.
Kevin Freeman: It's honor My dad, he was a stockbroker who paid my allowance in shares of stock. I was a junior high boy who bought MCA because the singer, Olivia Newton Jon, she was cute. And then there was a shark. And that shark jaws helped pay for our vacation. And really, that helped pay my tuition later, on in college, my class beat the rival class. They picked Coke, which was not a bad investment. but I learned so much in those early years. My dad was intentional, but it wasn't easy. He had all of his stockbroker training to share with me. None, of that is easy today. but it is an opportunity. I think we can teach kids.
Mike Carter: Yeah. Yeah. How to learn, earn and invest. you know, but tell the truth about losses out there, huh? Put honest money in a lesson so they know the difference between a company and a printing press.
Kevin Freeman: Yeah. There's no gains, extraordinary gains without risk. And one of my great wins was, Apple, that I invested in and the risk there was Steve Jobs. He got liver cancer and he. And he passed away, and the stock dipped down and then bought more, and it went up. But I also had other mistakes where a founder died, and I mentioned Cray computer, where I lost everything in that investment. And that's real. You can't have upside, that much upside without risk. And we need to train children about that risk.
Mike Carter: Yeah. And that's life. We learn from those lessons. and I'd much rather learn with a smaller investment than a big investment or a. Gosh, I got to catch up. I'm going to go very aggressive because I'm going to be retiring in a few years here, and I. And I'm going to make money. And then I make a wrong decision. How great would it be to be able to understand these basic principles?
Kevin Freeman: Start young. And honestly, if they can walk out of this with a Trump account seating $1,000 and then they grow from that. Or you put in a few hundred dollars, you're going to give your kids a toy and it's going to get broken and lost. You know, your daughter says, but I could lose my money. Well, you'll probably lose the toy you want too, and that's guaranteed.
Mike Carter: I've taught so many toys away from Goodwill. I mean, look at the money that was spent on all these toys.
Kevin Freeman: You didn't give away, your baseball cards or whatever. The comic books or Beanie Babies are the real one.
Mike Carter: We still got some of those too.
Kevin Freeman: I've never done that. but no, this is an opportunity for us to train up a child in the way they should go, which is investing. It doesn't just mean spiritual things. It can mean practical things like how to invest and what to do. And I really do, I hope to hear, we want to hear from you. If you think the idea that we've shared of a Pirate Money curriculum for kids makes sense, then email [email protected] we can make a difference in the life of our children. So if you have a child or grandchild, pick something real. Give them one share of a company they can understand. Or in states that have moved this way, grandparents can now do, what we couldn't do as kids. Give spendable precious metals. I mean, you can even own gold again, own it until 1973. So, we can do that. Honest money. And they can spend it with a debit card if they need it. It's under state authority. we've been covering all this. We cover it in the book Pirate Money. My grandparents gave me a, savings bond. Ah, they were loaning money to the US Treasury. I'm not sure that that's the best thing to do with money. A, share my dad gave me that was owning a company. A gram of gold that you give a kid is holding money that's real, not just a promise. Those are different tools. A child should understand the difference. And if you want a course that we build around that, write to us. Afrpiratemoneyradio.com Mike, any last thoughts? Yeah.
Mike Carter: Here's a kitchen table mission. Maybe, you know, here's your homework. Pick a company your child already loves, a game, a restaurant, an airline, soda, in the fridge. And ask them three questions at dinner. What does it sell? Who buys it? How does it make money? And if they can answer those, they might be ready to own a piece of that and at least get their curiosity up. What's really going on behind this coke that I'm drinking or behind, you know, this game that I'm playing that I really like out there. It's something that's simple to do. It's free. Anybody, at any given level can do it. And it just creates a conversation and
Kevin Freeman: they might know something you don't. They might have this idea. I mean, kids jumped on Bitcoin, you know, I was like, I'm not sure about that. And they jumped on, there may be some new trend or something that they've noticed. Like, I noticed Olivia Newton Jon. Believe me, I noticed Olivia Newton Jon. but, you know, I'm a 10 year old kid, all right? So this is important. This is training up your children the way they should go. We need to hear from you. All right, for our real life audience, I want to say stay faithful and stay free. Learn from this, Pass it on, share it with kids. Now, if you're following us, if you're following us on a podcast or American family radio, stay tuned. We've got one more segment. We'll come back with one more piece of how to raise your kids up with an understanding of money. Thank you, real life audience. God bless.
Mike Carter: foreign.
Mike Carter: Welcome back to Pirate Money Radio with your host, Kevan Freeman.
Kevin Freeman: I'm joined by Mike Carter. Mike, we've walked through a lot of this together. We've raised our kids together in a lot of ways. You know, we met each other before either of us had kids, and, and we've gone through a whole lot of life lessons together. and it all started for us in Tulsa. It started me completely in Tulsa or just outside Tulsa. I was born on Creek Nation territory outside the city of Tulsa. as a Cherokee, I hate to admit it, but that's where the hospital was.
Mike Carter: At least you were born in a hospital, not in a teepee.
Kevin Freeman: That's true. my father taught me a lot about this. And you knew my dad and you knew the church we went to that taught us, free market economics. and nobody has to wait for a federal program to teach a child what a share of stock is.
Mike Carter: Yeah, yeah. You know, if you heard our show last week, we talked about how God sees money. And, this is about how as a family, you can take the next step to how your child sees money, how they use money, how they can be good stewards, how they can understand what money really is. and, you know, there's still a lot of questions parents are asking out there. You know, does college still make sense in this economy? that'll be another voyage later on. But the coaching that you're doing now with your children is going to make a lifetime difference for them. And there's some simple principles. you can live life, with money or without money. It is easier to do with money. Ultimately, it's about having a relationship with God. but we want to teach those financial principles that make sure they use money in the right ways.
Kevin Freeman: Yeah, money. If you're rich, money can take you off track. If your poor, money can take you off track. It's really understanding what it is and what you can do with money and the three things you can do with give, spend and invest and investing. Are we helping them understand, how they can invest, what they can do with it? So, again, I'm going to ask you if you want to have a pirate money course for very young people on how they can learn about money and we can take them all the way through. I'd love to teach these principles, but I'm only going to do it if the public wants it.
Mike Carter: So we have a lot of projects, I can tell you, and, big, big, huge projects. But our next generation, our youth, this is so important that we get this across. But it's not about. We can provide great tools. But if the parents aren't saying, okay, I want this and I'm going to be one that takes charge of my son or daughter, that's the key part of it. So if that's of interest to you, and I know you're in radio, but think us through or go online, you can find afr m privatemoneyradio.com, let us know if there's interest. and we want to be good stewards of our time. And if we see enough demand, these are things that we want to continue to move forward.
Kevin Freeman: That's right. Well, let's pray. Father, thank you for parents who tell the truth about work and risk and ownership. Thank you for teachers and churches willing to teach freedom. Give us wisdom to protect our children from harm and the courage not to protect them from responsibility. Help us leave an inheritance. Faith first, then a pattern, then substance, to our children's children. In Jesus name, amen. If you have questions, prayer needs comments, course ideas, email us@afritemoneyradio uh.com and pray for America. Pray for the world to return to God's principles in this year and the year to come. And let's follow biblical wisdom with our money. Listen, wherever you get your podcasts, Apple, it can be Spotify and share this with your friends. More information about this program [email protected] if you want to look for it.
Mike Carter: All right.
Kevin Freeman: This is Kevan Freeman. I'm joined this week by Mike Carter. And we're talking about money for kids on Pirate Money Radio. Stay tuned.
Kevin Freeman: Ahoy, mates. Welcome aboard another voyage of Pirate Money Radio, the show that sails against the storms of fiat tyranny, cultural confusion, and counterfeit ideas to chart a course toward liberty, sacrifice, security, and values built on biblical truth. I'm your captain, Kevan Freeman, coming to you from the heart of Texas.
Mike Carter: And I'm Mike Carter. excited about this show today, Kevan, to our listening audience, if you have kids, if you have grandkids, if you care about the next generation, this is a show that's going to make a difference, for your kids, grandchildren, whatever. And so I'm super excited about it because kids need to learn about money early. what does it mean to actually own a piece of a company? this isn't a rich kid hobby. An opportunity to take advantage of the days of their youth to have great success. But they've got to understand the money first, and so much. Even adults don't understand that. Today, Kevan and you break this out in an easy to understand way with a really big idea at the end. And we're going to ask our audience if they like this idea, to participate and let us know because there's a really big idea that can have significant impact on your children.
Kevin Freeman: Yeah, I was really blessed, because of my family and so forth, that I knew that a share was something more than sharing a sandwich. Ah. To my dad, it meant a share of stock and a slice of ownership in a real company. In my case, one that makes movies, bottles, soda, builds airplanes, mines, metal. but it could be the next AI or rocket ships to the moon or Mars or whatever, like Elon Musk. It's a company. It's a share of a company that's using capital. And I can own a sliver, as can anyone else. And if the company prospers, that sliver can be worth more. But if it fails, the sliver can shrink. I'm not talking casino chip. I'm talking about a claim on a real asset or a real company.
Mike Carter: Yeah. And you know, Kevan, a lot of people hear stock market and they think about people in business suits and marble floors and, well, that's, that's for the rich people. but that's the myth. that was a myth, maybe back in our early days. Yeah. but, and it's still somewhat of a myth because I don't have money to invest. I can't do that. I'm working paycheck to paycheck here, I can't even get ahead. It's a different world.
Kevin Freeman: Yeah, well, people don't think they own stocks. But actually, when you look at the Gallup, results, it says 62% Americans in the year 2025 reported owning stock. American adults own stock in some form. It could be a mutual fund, it could be a 401k. It could be a single company that you invested in. So more than half the country is already in the stock market. It's not a private club. One of the differences, though, is how young are you when you start versus how old. We think of stocks as an old person's thing. We think of stocks as a rich man game. And it's true. In households making under $50,000 a year, ownership drops to about 28%. In households over $100,000 a year, income, it's about 87%. Now the market's opened the habit. And the education, though, they're not evenly distributed. That's the gap we're here to talk about. That's what we want to talk about.
Mike Carter: Yeah. Quick quiz, Kevan. I saw, that study on financial, literacy out there, and I'm going to test your CFA here, really, for a listening audience. And you might feel smart when you hear this, but let's say you put $100 in a savings account paying 2% a year. After five years, do you have more than $102? Exactly. $102 or less.
Kevin Freeman: You have more than if you put 2% a year. It compounds compound interest.
Mike Carter: Yeah, yeah, because it earns interest. but, you know, a lot of people got that question. I think 50, 50 some percent of people missed that question. This isn't hard things to understand. And you start to think about the power of compounding interest, especially if you're young, and the advantage that exists there. That's what becomes exciting about what we're going to talk about today.
Kevin Freeman: That is, you know, shocking to me because if you put money at interest in an account, we know it builds, it's the eighth wonder of the world. compound interest. It really is powerful. But 47%, only 47% of U.S. adults were able to answer those questions. That and other questions.
Mike Carter: That was an example question which wasn't a hard question. But that's the gap that our kids are growing up in. Half adults aren't getting it right. Our kids aren't even hearing this story.
Kevin Freeman: Gen Z scored the very lowest, answering an average of only 38% of questions correctly. That was, from the TIAA Institute and Global Financial Literacy Excellence Center. And that was reported in CBS News on June 1st of this year. That's frightening. And when you walk through that gen Z, it's 18 to 29 year olds. answered only 38% of the questions correctly. They were the weakest generation on this list. They're the ones we're going to be handing off control of the world to. We hope, if America's still in business. We hope.
Mike Carter: and the skeptic in me says it's probably purposeful that our institutions are missing that because, gosh, we can control them better if they don't have that money. let's not let that happen.
Kevin Freeman: No. And people don't really. They don't know what money is, unit of account, store of value, means of exchange. They don't know what money is. They don't certainly know what you can do with it other than buy a new iPhone with it or cheeseburger or whatever they think of it or something. You need to get mind, mind, mind, mind, mind, greedy. We talked about that last week. but we need good, sound financial advice. It used to come from a parent, a grandparent, or a stockbroker at the kitchen table. Then it came from a search bar. Google answers your question. Now it comes from AI and that can be helpful. It's still information, but it's not wisdom. And wisdom is a father who lets a child feel a loss. And I want to talk about that, because wisdom is. Sometimes you don't solve all the money problems as a parent to a child. Sometimes you let him feel a loss. Wisdom's knowing the difference between using money as a tool and having it as your master. you know, a financial model that's not going to love your grandkid. It's not going to sit in church with you on a Sunday night. It's not going to teach you about freedom. We need wisdom who teach. Treat money properly and then show that you can, what you said last week, earn all you can from Wesley, save and invest all you can and give all you can that save and invest all you can. You got to have some knowledge to do that. And you need some wisdom.
Mike Carter: Yeah, yeah. You know, Kevan, I know parents, that spend a decade paying for that. Okay, what college is my kid going to go to? I got to get them in the right place. and Maybe they spend 10 minutes understanding what a company is out there. the first teacher the kid gets when they go to that college campus is, oh, sign up for this free credit card. oh, and probably today. Oh, here's the latest sports betting app. I want to be cool with my friends. I can start betting and making money that way or losing lots of money. they're not neutral teachers. There needs to be a better option out there.
Kevin Freeman: That's why kids turn to Bitcoin. Looks to them like a casino. I bought so many of this dogecoin or this coin or that coin, and it's gone up, it's gone down. They treat it like a casino. They have no idea. And unfortunately, in the stock market today, nobody has any idea. You know, I bought this hot tip, it's going to go up. They don't really know what they're owning. They don't know what they're investing in. They're providing capital to a company that may or may not be doing good things, may or may not have a good future. when I, when I was a kid, my father was a stockbroker and that really was his job in Tulsa. And he did something that fathers, most fathers never do. With my allowance. He basically said, I'm not giving you cash, I'm giving you a share of stock. You pick a company and I'll buy a share of stock. And if it goes up in value, you get to keep the gains. But if it goes down, you eat the losses. There was no bailout because I picked wrong. It was junior high. It was the mid-70s. It was a terrible period. Stagflated. The stock market had already scared all the adults out. One of the greatest bear markets in history. And this stockbroker decided his kids should learn what a company was. And that story's coming. We'll cover it, more when we come back after a break. But, before I get there, I do want to talk about. There are only three things you can do with your money. You can give it, you can spend it, or you can invest it. Here at Pirate Money Radio, we work to explain solutions that support all three areas in a way that promotes liberty, security, and values. Patriot Mobile, it's a mobile phone company, supports the Pirate Money radio program. Patriot Mobile uses US carriers, including AT&T, Verizon and T Mobile and operates on both Apple and Android phones. More information about the economic war room and Patriot Mobile is [email protected] AFR that's PirateMoneyRadio.com AFR and Mike, that reminds me, when we were kids, there was Bell, Bell, Bell Telephone.
Mike Carter: Oh, yeah.
Kevin Freeman: There wasn't patriot mobile or AT&T or Verizon or T Mobile. Or any of those. There was Bell.
Mike Carter: It was a monopoly.
Kevin Freeman: It was a vast monopoly, and you could own shares in it, and it would pay you dividends, and then they split it up. And then you had to make a decision. Do I want to have Southwestern Bell? Do you remember Southwestern Bell? which I think is Verizon. Now they've all split off and go. But we had real companies. And the decision was, which of these real companies do you want to invest in? That was my decision as a kid. I don't know if your dad gave you shares of stock or not.
Mike Carter: No, no. But I was somewhat aware of it. But let's go back to kitchen table issue. Today I'm a single mom making $100 a month. Got to pay my electric bill. Kevan, I can't even afford to help my kid buy a stock right now. What do I do?
Kevin Freeman: Well, you know, there's an exciting program that we talked about just a few weeks ago where if you have a baby now, the government's gonna put a thing thousand dollars in an account for you, and that's going to get invested in the stock market. Do you know about that? If you don't know about that, you need to learn about it. Go back and listen to the show. We'll talk about maybe when we come back after the break. But the notion is, get your kids to learn about investing. You can buy a share of stock for less than the price of a pair of sneakers. And teach them, let them learn. Now is the time for them to learn. It'll pay off in the end. And if they don't do it, they'll regret it in the end. Maybe one of the greatest gifts you can give is teaching your children about giving, spending, and investing. All right, we're going to cover this and more when we come back right after this break.
Mike Carter: welcome back to Pirate Money Radio with your host, Kevan Freeman.
Kevin Freeman: Yeah, I'm back with Mike Carter. Mike, go back to the mid-1970s. This is before we met. But you knew my dad. You met him after I graduated.
Mike Carter: Your dad taught me a lot of things about investing, and yourself back in those days or right out of college out there. But, you know, Kevan, I remember, a story that you shared stuck in my mind. You're a cfa, I understand, a doctorate in economics now. but, you know, most kids pick a company because a parent says, hey, you know, this could be kind of an interesting stock. You picked a company because of a. I hate to say it, Kevan. You picked one because of a Singer that was on the label.
Kevin Freeman: Oh, there you go.
Mike Carter: You want to talk about that?
Kevin Freeman: Yeah, that's true.
Mike Carter: Yeah.
Kevin Freeman: All right, so picture. It's 1974. 75. Dad's given us. All right, your allowance is. You get one share of stock. What do you want your one share of stock to be? And I looked, I looked through the stock, sheets in the Wallnua Street Journal. He handed it, and it's like picking a symbol ticker. And I ran across MCA Music Corporation of America. What do they. And, well, they make records. And I was like, I've seen that mca. It's on my Olivia Newton Jon album. You know, I thought she was really cute, you know, and so I looked at the back and was like, everybody's gonna want to buy this. Her voice is beautiful. She's cute. She sings things that touch me. That was a total sum of my research process. That's junior high research. Right. So it's a big memory for me. I didn't look at a Bloomberg printout. My dad would have taken me downtown to his office and we could have gone through the stock tickers. We bought shares around $20 a share. This is my memory of it. It ran towards, I think got as high as $80 a share. Then it split and then it went back towards 80. So it went. My $20 became 80, and then I had two shares that became 80. So it's my $20 became $160. And he gave us the Prof. A few dollars, but. But that's what it's like. And it, what, moved? It wasn't Olivia Newton Jon. As cute as she was, it was more than a Crush. It was June 1975. The first hundred million dollar blockbuster came out. It was called Jaws, based on a Peter Benchley novel. And, that stock shot higher. A shark and a soundtrack, and a kid in Tulsa who thought he'd bought shares in the singer. Well, I own a piece of mca, so kind of Olivia worked.
Mike Carter: But you do have that golden touch. You were the same young, kid that was like, dad, we're off the gold standard. This is going to be a major problem. So maybe you were a little prescient. You saw Olivia Newton Jon, but you knew there was something else beyond that.
Kevin Freeman: Yeah, no, and it was great. And dad took us on vacation that summer. Where do you want to go? I want to go to California and go to Universal Studios, owned by MCA Records. So I was a junior high boy in a sour economy, and this park was more than a luxury brochure. It was basically what Ownership can do for you when a company you pick does something the whole country talks about. And so I had gains, I had losses. I had down days, I had up days. That's part of the education my dad gave me. It teaches us. And we don't give investment advice on this program. We teach principles, just like my dad did. What you buy, whether you buy a share of stock or not, is between you, your family, and if you have one, a financial advisor, and you ought to have one who knows your facts. education is what we're talking. Not. I'm not recommending. You can't even buy MCA as a stock anymore, I don't think. I'm not giving you a ticker recommendation.
Mike Carter: Got it. you know, Kevan, I remember being in the stock club, investment club with you, and, the importance of when do you buy stocks, when you should sell stocks, the rules of 72, all those good things, simple things, that I hadn't heard them until I was post college.
Kevin Freeman: You don't learn those in college. You don't learn them in high school or junior high. I did in junior high because my dad taught that segment of our economics class. but really, the reality of it is the experience in life. You're going to buy a stock, and you think it's going to win. I remember buying because the Star Trek movie was coming out, and I thought that would do well for Paramount, and, you know, it did okay. But I also bought Cray Computer, which did terrible, Seymour. Cray, the founder, got hit in a car accident, and I missed the idea of modern computer. I mean, there's more power in this little phone here than the greatest supercomputers on earth at the time. So it's a lesson. you know, and we did. I did. I've had winners and losers in my career, but you keep trying, and over the long term, the trend is with you. The stock market has traditionally gone higher.
Mike Carter: Yeah, yeah. You know, I gave my daughter. I didn't get my daughter. I gave her some advice on, investing in stocks. She said, I don't want to lose my money. Well, she made an investment in that stock. She doesn't remember that she's made it. but since she's become a very good steward. But those are the types of things you plant those seeds now, and it makes a difference.
Kevin Freeman: Yeah. All right, we need to talk more about this. I want to talk about the economics class that I had that helped me buy a share. I want to talk about the other class that was My rival. I want to talk about what we learned in church from Milton Friedman. Can you believe it or not? Milton Friedman, I learned in church. We'll be right back.
Mike Carter: Pirate Money Radio M helping you give, spend and invest in ways that align with liberty, security and values. Welcome back with your host, Kevan Freeman.
Kevin Freeman: Yeah, and Mike, we're talking fun things about money and teaching kids at a young age. What do you think?
Mike Carter: Yeah, you know, Kevan, I think of what did I used to see or what did my younger brother used to see on cartoons on Saturday mornings? And it was, how a bill Becomes law. I'm just a bill up on Capitol. Ah Hill. but ask a high school senior what a paycheck deduction is, what a share of stock is, or what 24% interest does on a credit card balance. And schools don't teach that. Even today, we're not really seeing that be taught. And you mentioned Milton Friedman the last semester. I was blessed to be in public education in the 70s, and they rolled in the video machine with Milton Freedom as well there. But, we've lost that. And what are creative ways we can start to make sure that this next generation, and even our generation says, gosh, I understand what this is and I can make some good decisions here. I can be a good steward with my money.
Kevin Freeman: Yeah. No, I remember junior high, Thoreau Junior High in Tulsa, Oklahoma. Mrs. Grimm, Sharon Grimm, she did. It was in the school building, and she had an economics class. And it was great. I loved the class. that was rare then. It's rarer even now. But my dad came in, he explained how the stock market actually worked. not just a cartoon of it working, like, I'm just a stock here on Walton. No, they didn't do that. it was his market. It was bids, it was companies, it was risk. And our class pooled together money that bought one share, and they bought my stock, mca. I got up and I used my debate skills and made the argument for mca. Now, the rival guy class, we were buying a stock and we're holding it over the summer. Right? The rival class, they bought Coca Cola because they just assumed that people. It gets hotter outside. People are going to drink more Coca Cola. And we came back at the end of the summer and our class won. We beat them. We had a better return. And I'm not. I'm still not tired of that. I didn't win a whole lot in junior high. I was picked last for the sports team. I was very short and so forth. But we won the stock Contest.
Mike Carter: And you did it. Your debate probably included showing a picture of Olivia Newton Jon.
Kevin Freeman: Oh, yeah. Well, she was cute. I mean, honestly, she was cute. Even when the. The recently, when we're talking about Dolly Parton. I looked up Jolene to see Dolly Parton, and I looked up Olivia, and I didn't know it, but they sang a duet. The two greatest women singers of the song. Dolly wrote Jolene, and they sang it. The duets.
Mike Carter: Beautiful version.
Kevin Freeman: I love it. All right, so different room, different year. That. That was the room in. In junior, high, but in early college, come came back from school, and Sunday night at church, they rolled out a video card and showed Milton Friedman's PBS series Free to Choose. And that series premiered January 1980. The church was teaching economic freedom as it belonged next to the gospel, right? And he's like, he's Jewish. I don't know that he was a believer in God at all, but he was a believer in common sense. And he taught us things about incentives and honesty and what money was. And it doesn't replace scripture, but he named how money works, and it lined up with God's truth. So last week, we talked about how God made money as gold, silver, and copper. Milton Friedman shows what happens when. When men pretend they can print prosperity and then try and regulate all human behavior with money. And he showed what a failure it was. You talked about Wesley's three rules. Do you remember them?
Mike Carter: it was be a good steward. don't hoard.
Kevin Freeman: Yeah. Make all you can, serve others, earn all you can, save, invest all you can, and then give all you can. And that ties in with the variable of talents.
Mike Carter: Yeah. What about that rule of 72 you talked. We explain that real quick.
Kevin Freeman: All right, the rule of 72 is pretty simple. If, you get 6% interest, you divide 72 by 6 and takes about 12 years to double your money. If you get 7.2% interest, it takes you 10 years. 72 divided by 7.2. If you get, you know, 20% interest, 25% interest, and you take 72 divided by 25, that tells you how many years it takes to double your money. So if you're getting 1% interest, you'll double your money in 72 years. That's a long time. So anyway, Rule 72, there's what money is taught, in the scripture. There's the truth of, honest weights and measures in the scriptures and talking about how education of money and training your children the way they should go. All of those things are powerful. Things that we can learn from the Bible about money. I learned it in junior high and then I learned it at church. All right, hold that. After the break, we're going to talk about accounts that really exist that you can give to your kids when they're born. It's amazing. We'll be right back after the break.
Mike Carter: Welcome to Pirate Money Radio with your host, Kevan Freeman, helping you unpack the economic headlines and providing real money solutions.
Kevin Freeman: Yeah, I'm talking with Mike Carter. Mike, you brought up a point earlier. It's like the mom that's trying to pay for their kids that doesn't have an extra dime because of inflation. It's like, oh, man, I'd love to give my kids a share of stock, but I just don't know that I can afford it. I can't get them invested. And yet there's accounts that are coming out that have come out, that President Trump put out there that really make a difference.
Mike Carter: Yeah. Ah. And also, it doesn't cost that much to. Once you know how to get into a system and start trading now, I mean, you can buy stocks for $5. Under $5, you can buy fractional shares even of stocks, correct?
Kevin Freeman: Correct.
Mike Carter: Absolutely. So it's not something where you need a lot of money. But the idea of how do you teach this? It's not happening at the school and it's not, probably not happen at your church, as it relates to how the investment goes, unlike what you had, Kevan. but it happens with the family. And so we want to help find ways to equip the family to get these principles out, to help people become better stewards.
Kevin Freeman: I gave all my nieces and nephews, I gave them shares of stock, I gave them a certain amount of money and I said, you can split it up. And some of them have done really well. $100 has become 3 or $400. Some of them probably forgot the that they have it. but those that got in it and made it a game, they learned a lot. But I understand the average young person, man, if you could start and put $1,000 away as a baby, can you imagine what that would total over a lifetime if you left it untouched and invested just in an index of stocks? Well, guess what? That is available to you. Anybody having a baby. I'm not. Children born between 2025 and 2028 can receive a one time one thousand dollar federal pilot contribution if you choose to capture it. Families, employers, states, philanthropy can add, like people like Micah Dell. And we covered this. We had A show with Mark Minnella. And you can go back and get it, from the podcasts or afr.net but basically, if you put $1,000 away over time, one that can turn into real serious money for a lifetime and maybe a retirement program for your kids. And it's a gift from the government.
Mike Carter: Yeah, yeah. And again, rule of 72. So if you put that in the right things, if, you're starting as a 15 year old or a 10 year old or a 1 year old, that has real potential to start building into something.
Kevin Freeman: Well, rule of 72, the average, over the long term, I don't know what it'll do in the future, nobody does. But over the long term, you can just round it. Approximately 10% returns annually from the stock market. Now, some of that's inflation, some of it's real return, but 10%, so 72 every seven years or so, you could double your money. Well, it doesn't take a whole lot of doubles to make a real difference. Let's just walk through that math. You put a thousand in seven years, you're seven years old and you've got two. Then at 14 you've got four. Then at 20, at, 21, you've got eight. At 28, you've got 16,000. At, 35, you've got 32,000. At 42, you've got 64,000. We're talking real money for people that are still very young and you just keep going, up till you get to retirement age. We're talking a substantial gift that costs very little today because the government's giving it to you and you can match it.
Mike Carter: Yeah. And as you learn that discipline and your kids start to see, wow, that's growing into something that creates a mindset that, hey, I need to maybe save a little bit more. And how great would it be if I can learn that at 7 years old or 14 years old versus 40 years old?
Kevin Freeman: Yeah.
Mike Carter: 50 years old. It's like, oh, I wish I would have saved a little more.
Kevin Freeman: And there's a proposal. It's not current law, it's a proposal, but maybe kids get a second thousand dollars when the child and the parent finish a real course on education on how to deal with money. Can you imagine that? So we will pay you to learn how to manage your money, and then we'll give you the money to manage. And then over time, I think that's just an incredible idea.
Mike Carter: Yeah. And building an infrastructure and investing, hopefully in America. But also, gosh, Kevan, I remember, Back in the early days, you were talking about the global markets, and so there's opportunities for children to invest in the US but also see other opportunities across the world and what's going on there. So that becomes a world history lesson as well.
Kevin Freeman: Yep. Now, there are problems with the Trump accounts that we talked about on the show with Mark Minnella, which is it forces you to go into a set index fund, which is generally useful, but maybe you're investing in companies that don't share your values. And we think that you ought to be able to pick from among various investment funds that you use. and ultimately, I'd like it to be where you're forced to actually learn how to invest and pick a stock or two so that people learn this. Because what we've taught generations is don't invest in companies, just invest in an index. You're investing in America. That's not how capital formation is intended to happen. And you'll maybe end up funding a bunch of things that you don't like and creating DEI and esg. That's for another week. That will cover that. But maybe you're investing to America's demise instead of America's future. So we need to educate, and then we need. That's what we've been working on.
Mike Carter: Yeah. And the point is to, you know, really help your child learn, how they can prepare for the future, with a parent in the room. And I'd much rather help emphasize the importance of these basic financial principles myself. and, Kevan, I've had the advantage of hanging around you and learning a lot of good things there. But as we get that framework for parents to use out there, what a powerful opportunity to make a difference for your kids. I started to share that story before with my daughter, who I said, well, you've got $50 in, Christmas money. You could buy something with it. It. Or you could invest that. And I, don't want to invest it that I could lose it. I was like, yeah, but it could also multiply. It could do certain things. Well, I think she's kind of forgot about it now. But I kept reinforcing and reinforcing that. now she's out of college. she's, You know, I said, you know, I said, you guys are doing great. You're off to a great start with your career. I said, you can either buy a new car because you need one, or drive the old one that you got a little bit longer and take that money and maybe invest it. And that can turn into something. And you know what? I'm so proud. All those little seeds I planted, that's exactly what they did. And they've made some pretty significant investments in some things, and some woes are starting to pay off. And, that's the power of having those dialogues with your family at
Kevin Freeman: the kitchen table and explain to your kids that maybe money, paper money, loses its value over time, but if you invest it in something, it can grow. That's an important lesson. Here's the thing. We, we created IRAs and 401ks. Those are all for adults who are in the working world. But you miss those first 18 years or so of compounding, and that's a lot of money being left on the table. The Trump accounts is one beginning of a solution to turn our nation into a nation of investors. I tell you, you want to talk to people who will tend to vote right, it's those who are invested in America's future, then they'll care, and then they'll vote right, and they'll do the right things, and then they'll have a voice. If you've got investments, you have a voice. So all of this is really important, and it's about how we handle money and do we have honest weights and measures? You know, full disclosure. We've invested in a solutions provider that I think, kids might find interesting and attractive. And support for this program comes from Glint. It's a financial technology service offering with a debit card and a mobile app that enables users to access gold holdings for everyday purchases. With Glint, users maintain ownership of allocated physical gold, which is stored in a managed vault. And at the time of transaction, gold is sold in real time to cover the purchase amount in local currency. Glint offers an alternative way to store and use the value. Combining gold and silver with modern payment infrastructure, Glint clients can monitor their gold balance or silver view transaction history and manage their account through the Glenn app, available on major mobile platforms. More details about how vaulted physical gold can be used as money are [email protected] Goal247 if you want to see your kids understand the difference between honest weights and dishonest weights and measures, open an account like this. It doesn't have to be Glenn. Open an account like this, give them a little bit of money and let them watch to see what's happening to the silver price, the gold price. Let them recognize what inflation is. These are things that you wish you'd been taught. I'm sure of it. I was taught these. My dad was great at teaching. I've not met many people who were taught by their parents about money like this. And this is an opportunity for us to do it.
Mike Carter: Yeah. You know, Kevan reminds me, we're always about educating people about money from a biblical worldview. But you know your books that are out there, the Pirate Money Book or even the Four Horsemen of the Apocalypse book, they touch on these things. But we were at a conference not too long ago and there's a, about an 8 year old kid and I had the Pirate Money book and I was, working that with some of the crowds and this eight year old came up and started telling me about the Federal Reserve and about what's going on with money and the printing of money and gold. It was amazing. I said, well, you got to go down and visit Kevan. He's down at our, exhibit and get his autograph. But that's the type of difference that you can make. And I think this mom had worked with a total book or something like that. But the understanding that that eight year old kid was better than many people I know that are college age or our age today.
Kevin Freeman: Yeah, no, that's true. And honestly, they're rare, one one in 10,000, young people that really understands and knows this, but money's going to be a part of their life for the rest of their life. You know that. So why shouldn't we give them that practical education? I've written a couple of books. they're written mostly for adults. I think he could take Pirate Money Book and the Four Horsemen book and you can learn more about those, at our book websites. But piratemoneybook.com and Four Horsemen, the number Four Horsemen book.com, but honestly, they're written more for adults. I think most kids can get them. They're not, you know, there's nothing in there that they can't read or shouldn't read. But when we come back, Mike, I want to talk about a Pirate Money course, maybe for the next generation. We'll talk honorable Pirates. Not a cartoon, but kids love pirates and they should learn to understand how pirates are operated and money. We'll be right back.
Mike Carter: Welcome back to Pirate Money Radio with your host, Kevan Freeman.
Kevin Freeman: Yeah, I'm talking with my car, Mike. Before the break, I teased this. why aren't we educating our young people?
Mike Carter: I'm afraid there might be nefarious purposes where we're not educated. But the point is we can. And as you've been talking this, Kevan, you're really kind of setting up A curriculum. It was your dad. It was a classroom. It was a video cart that they rode into the church. That helped make an impact in you and your life and in investing. And those are the types of things that we can look at today and say, wait a second. That's block and tackle here. Kids need to hear this today. They need to hear it more than ever. Because, let's face it, our country financially is probably in worse shape than it's been, ever. and so having sound principles and understanding, this becomes such an important part.
Kevin Freeman: Well, for example, find what your kid's interests are. Peter lynch wrote about this. the best stocks that you'll invest in are the ones that you know and understand. So if you find yourself printing a lot of copies at Staples, and maybe you look at Staples as a stock or whatever, find what your kids are interested in and see if there's a public company they can invest in related to that. And then show them, hey, look, you can buy that toy from Hasbro, or you can invest in the company that makes the toy. Right? Or we can go to the movie. You've seen it once. Do you really need to see it again? Or maybe we could take that $15, which is what movies cost these days, and invest it somewhat. so, yeah, so what you're saying
Mike Carter: is we can make this kind of fun. And what if we made it fun and called it a pirate money series for young people or something like that?
Kevin Freeman: Yeah, no, same ship that we're talking here on the radio, but with the honorable meaning of it. Pirates in our story wanted gold and silver because paper was a leash. patriots. Patriots. So we say pirate money is patriot money. they put gold and silver in Article 1, Section 10. I think children can understand the difference. If you tell them this one burns up and this one is purified, I think they'll get it. Wait, there's something about the gold and the silver kids, I think can get it.
Mike Carter: Yeah, yeah. and so it's not so much the skull and crossbones merchandise, but it's about really educating them on those sound money principles. And that's a cool trick. I mean, if you get that sound money coin, if you got the gold coin, it's really powerful. But even, silver to some extent will sound different than a copper one.
Kevin Freeman: Oh, yeah.
Mike Carter: As you flip it out there. so, you know, they're short lessons. They're, you know, look for timings when you. When you go out to lunch, you know. You know, we just spent this much on Lunch. What if we would have invested that in this potential? Or what if we could have saved a little bit of money and we put that somewhere else? These are things that kids seem eager to learn. And full credit to Jason, our producer, who said, hey, we need a pirate money for kids. You guys should think about that a little bit. And he just shared, before the show here, his son did a lemonade stand, got the money, didn't want to go out and spend it. He wanted to invest it. And he didn't want the paper money.
Kevin Freeman: He didn't want to keep the paper money. Yep, yep. And if we understand why debt, harms us, how to give, how to suffer a loss without lying about it. A research mission on a company. maybe it could be aviation, horses, games, farms.
Mike Carter: Who knows?
Kevin Freeman: Maybe cryptocurrency. What is that? How does it work? A lot of adults don't know or understand this.
Mike Carter: I know a lot that need that lesson.
Kevin Freeman: We could teach it. So if you think that a pirate money curriculum for kids makes sense to learn some of the lessons that I learned, that we learned as adults, but I learned as a kid, maybe we could create something that could be used by grandfathers at a table. Or, you don't need the Department of Education to teach this. So I'm asking the audience straight up, would you use it? Would you help us? If we wrote this, Would. Would you share it? so email [email protected]. you know, if our mailbox is quiet, we'll know it's not interesting to you. But if it's. If you're interested and we get some emails on this, we may have another job to do. Educate the next generation. Proverbs 13:22. Inheritance. Good man leaves inheritance to his children's children. That is more than just the money. It is the know how. It's a pattern. Now, Hezekiah, he was wicked when he said, oh, as long as there's peace in my ears, I don't care about my children or grandchildren. My dad cared. He taught me. Dad wanted me to learn before I earned. Your dad's a good man. He taught you money, principles too. I know it.
Mike Carter: Yeah, yeah. You know, I'd love to watch a 9 year old explain what he owns before I watch some other political pun or something. Say, explain. Well, a child can't possibly understand this, or you're not responsible enough to invest your own 401k. We need to have the control over doing that stuff. it was a child it was you. Now, you're brilliant, Kevan. But he understood Olivia, Jon. And a shark turned that into something of scale.
Kevin Freeman: Yeah. Livia was you. And the shark movie was unexpected, but a blessing. look, it's true. I think we can teach our children. I learned this this way. I made a career out of it. I think your children can learn this way, too. And in the world of AI, this is really powerful information that could help set them for life. We're going to cover more when we come back after this break.
Mike Carter: Pirate Money Radio, helping you give, spend and invest in ways that align with liberty, security, and values. Welcome back. With your host, Kevan Freeman.
Kevin Freeman: It's honor My dad, he was a stockbroker who paid my allowance in shares of stock. I was a junior high boy who bought MCA because the singer, Olivia Newton Jon, she was cute. And then there was a shark. And that shark jaws helped pay for our vacation. And really, that helped pay my tuition later, on in college, my class beat the rival class. They picked Coke, which was not a bad investment. but I learned so much in those early years. My dad was intentional, but it wasn't easy. He had all of his stockbroker training to share with me. None, of that is easy today. but it is an opportunity. I think we can teach kids.
Mike Carter: Yeah. Yeah. How to learn, earn and invest. you know, but tell the truth about losses out there, huh? Put honest money in a lesson so they know the difference between a company and a printing press.
Kevin Freeman: Yeah. There's no gains, extraordinary gains without risk. And one of my great wins was, Apple, that I invested in and the risk there was Steve Jobs. He got liver cancer and he. And he passed away, and the stock dipped down and then bought more, and it went up. But I also had other mistakes where a founder died, and I mentioned Cray computer, where I lost everything in that investment. And that's real. You can't have upside, that much upside without risk. And we need to train children about that risk.
Mike Carter: Yeah. And that's life. We learn from those lessons. and I'd much rather learn with a smaller investment than a big investment or a. Gosh, I got to catch up. I'm going to go very aggressive because I'm going to be retiring in a few years here, and I. And I'm going to make money. And then I make a wrong decision. How great would it be to be able to understand these basic principles?
Kevin Freeman: Start young. And honestly, if they can walk out of this with a Trump account seating $1,000 and then they grow from that. Or you put in a few hundred dollars, you're going to give your kids a toy and it's going to get broken and lost. You know, your daughter says, but I could lose my money. Well, you'll probably lose the toy you want too, and that's guaranteed.
Mike Carter: I've taught so many toys away from Goodwill. I mean, look at the money that was spent on all these toys.
Kevin Freeman: You didn't give away, your baseball cards or whatever. The comic books or Beanie Babies are the real one.
Mike Carter: We still got some of those too.
Kevin Freeman: I've never done that. but no, this is an opportunity for us to train up a child in the way they should go, which is investing. It doesn't just mean spiritual things. It can mean practical things like how to invest and what to do. And I really do, I hope to hear, we want to hear from you. If you think the idea that we've shared of a Pirate Money curriculum for kids makes sense, then email [email protected] we can make a difference in the life of our children. So if you have a child or grandchild, pick something real. Give them one share of a company they can understand. Or in states that have moved this way, grandparents can now do, what we couldn't do as kids. Give spendable precious metals. I mean, you can even own gold again, own it until 1973. So, we can do that. Honest money. And they can spend it with a debit card if they need it. It's under state authority. we've been covering all this. We cover it in the book Pirate Money. My grandparents gave me a, savings bond. Ah, they were loaning money to the US Treasury. I'm not sure that that's the best thing to do with money. A, share my dad gave me that was owning a company. A gram of gold that you give a kid is holding money that's real, not just a promise. Those are different tools. A child should understand the difference. And if you want a course that we build around that, write to us. Afrpiratemoneyradio.com Mike, any last thoughts? Yeah.
Mike Carter: Here's a kitchen table mission. Maybe, you know, here's your homework. Pick a company your child already loves, a game, a restaurant, an airline, soda, in the fridge. And ask them three questions at dinner. What does it sell? Who buys it? How does it make money? And if they can answer those, they might be ready to own a piece of that and at least get their curiosity up. What's really going on behind this coke that I'm drinking or behind, you know, this game that I'm playing that I really like out there. It's something that's simple to do. It's free. Anybody, at any given level can do it. And it just creates a conversation and
Kevin Freeman: they might know something you don't. They might have this idea. I mean, kids jumped on Bitcoin, you know, I was like, I'm not sure about that. And they jumped on, there may be some new trend or something that they've noticed. Like, I noticed Olivia Newton Jon. Believe me, I noticed Olivia Newton Jon. but, you know, I'm a 10 year old kid, all right? So this is important. This is training up your children the way they should go. We need to hear from you. All right, for our real life audience, I want to say stay faithful and stay free. Learn from this, Pass it on, share it with kids. Now, if you're following us, if you're following us on a podcast or American family radio, stay tuned. We've got one more segment. We'll come back with one more piece of how to raise your kids up with an understanding of money. Thank you, real life audience. God bless.
Mike Carter: foreign.
Mike Carter: Welcome back to Pirate Money Radio with your host, Kevan Freeman.
Kevin Freeman: I'm joined by Mike Carter. Mike, we've walked through a lot of this together. We've raised our kids together in a lot of ways. You know, we met each other before either of us had kids, and, and we've gone through a whole lot of life lessons together. and it all started for us in Tulsa. It started me completely in Tulsa or just outside Tulsa. I was born on Creek Nation territory outside the city of Tulsa. as a Cherokee, I hate to admit it, but that's where the hospital was.
Mike Carter: At least you were born in a hospital, not in a teepee.
Kevin Freeman: That's true. my father taught me a lot about this. And you knew my dad and you knew the church we went to that taught us, free market economics. and nobody has to wait for a federal program to teach a child what a share of stock is.
Mike Carter: Yeah, yeah. You know, if you heard our show last week, we talked about how God sees money. And, this is about how as a family, you can take the next step to how your child sees money, how they use money, how they can be good stewards, how they can understand what money really is. and, you know, there's still a lot of questions parents are asking out there. You know, does college still make sense in this economy? that'll be another voyage later on. But the coaching that you're doing now with your children is going to make a lifetime difference for them. And there's some simple principles. you can live life, with money or without money. It is easier to do with money. Ultimately, it's about having a relationship with God. but we want to teach those financial principles that make sure they use money in the right ways.
Kevin Freeman: Yeah, money. If you're rich, money can take you off track. If your poor, money can take you off track. It's really understanding what it is and what you can do with money and the three things you can do with give, spend and invest and investing. Are we helping them understand, how they can invest, what they can do with it? So, again, I'm going to ask you if you want to have a pirate money course for very young people on how they can learn about money and we can take them all the way through. I'd love to teach these principles, but I'm only going to do it if the public wants it.
Mike Carter: So we have a lot of projects, I can tell you, and, big, big, huge projects. But our next generation, our youth, this is so important that we get this across. But it's not about. We can provide great tools. But if the parents aren't saying, okay, I want this and I'm going to be one that takes charge of my son or daughter, that's the key part of it. So if that's of interest to you, and I know you're in radio, but think us through or go online, you can find afr m privatemoneyradio.com, let us know if there's interest. and we want to be good stewards of our time. And if we see enough demand, these are things that we want to continue to move forward.
Kevin Freeman: That's right. Well, let's pray. Father, thank you for parents who tell the truth about work and risk and ownership. Thank you for teachers and churches willing to teach freedom. Give us wisdom to protect our children from harm and the courage not to protect them from responsibility. Help us leave an inheritance. Faith first, then a pattern, then substance, to our children's children. In Jesus name, amen. If you have questions, prayer needs comments, course ideas, email us@afritemoneyradio uh.com and pray for America. Pray for the world to return to God's principles in this year and the year to come. And let's follow biblical wisdom with our money. Listen, wherever you get your podcasts, Apple, it can be Spotify and share this with your friends. More information about this program [email protected] if you want to look for it.
Mike Carter: All right.
Kevin Freeman: This is Kevan Freeman. I'm joined this week by Mike Carter. And we're talking about money for kids on Pirate Money Radio. Stay tuned.
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