Learn strategies to raise grounded, grateful kids from father, founder, and pharmacist Tim Ulbrecht, who paid off more than $200,000 of debt and is on a mission to live a rich life today and in the future.

Pharmacist and YFP Wealth co-founder Tim Ulbrecht shares with host Dr. Julia Myers how to teach kids about money through everyday habits, saving buckets, planning for car expenses, and fostering financial independence. Tim explains why daily habits teach more than lectures, how he plans for his teen’s first car, and why spontaneous memories matter. If you’re a parent looking for practical money conversations, this episode is for you.

Key Takeaways:

• Kids learn more from daily money habits and your emotional tone than from formal lectures.
• Give teens real skin in the game, like a minimum savings amount, before helping with a car.
• A solid financial plan should support your values and leave room to enjoy today.

About Tim Ulbrecht:

Tim Ulbrecht is the Co-Founder and CEO of YFP Wealth, a nationwide fee-only financial planning firm founded in 2015. He earned his PharmD from Ohio Northern University and completed residency training at The Ohio State University. Tim is the co-author of Seven Figure Pharmacist. He has presented to more than 200 pharmacy organizations on entrepreneurship, leadership, investing, retirement planning, and financial well-being.

Episode Links & Resources:

• Seven Figure Pharmacist (Tim Ulbrecht, Tim Church) Book Link: https://link.amazon/B0bQjz7F2
• YFP Wealth: https://yfpwealth.com/book-a-discovery-call/?utm_source=julia-myers&utm_medium=audio&utm_campaign=yfp-wealth&utm_content=show-notes
• YFP Podcast Episode 402 - Julia & Tim
• YFP Podcast Episode 311 - Julia & Tim

Columbus Legends, https://columbuslegends.com/ is part of Central Ohio Homeschool Athletics, a non-profit association that offers Christ-centered competitive athletics to homeschool students.

Timestamps:

00:00 Teach Kids to Save With Purpose

03:04 Childhood Money Story: The Envelope System

08:43 Student Loan Debt Lessons & College Costs

14:50 First Home Purchase Mistake

35:37 Teaching Teens to Buy a First Car

Learn More:

• Subscribe and follow on YouTube: youtube.com/@juliamyers
• Follow on Apple Podcasts: Generational Wisdom
• Follow on Spotify: Generational Wisdom

Generational Wisdom is the show for parents raising great kids in a world where more is never enough. Hosted by Dr. Julia Myers, TEDx speaker and mom of five.

This show is for education and encouragement, not financial, legal, or tax advice. Generational Wisdom® is a registered trademark of Generational Wisdom LLC. All Rights Reserved.

Subscribe and follow on YouTube or your favorite podcast player so you don't miss the next conversation.

Discover how to break the scarcity mindset and raise money-smart teens with Realtor and investor Amrita Khurana and host Dr. Julia Myers. Amrita, who grew up in an immigrant family, started working at 8, and left the New York Times to build her own business, tells how she moved from scarcity to open money talk with her three boys. She shares her “spend, donate, invest” rule, the day her teen asked to invest his gym savings, how she builds grit in kids who’ve never struggled, and the debt conversation she’s bringing back to the dinner table.

Key Takeaways:

• Move from a scarcity mindset to open money talks at home
• Use “spend, donate, invest” habits with your teens
• Build grit in kids who have never struggled

About Amrita Khurana:

Amrita Khurana is a top-producing Realtor, investor, speaker, and community leader who is passionate about helping people navigate change with confidence. She is also a podcaster, hosting The Amrita Effect, where she shares honest conversations about growth, resilience, leadership, and creating a life that’s truly aligned.

Episode Links & Resources:

• The Amrita Effect podcast
• Website: falcongroup.com
• Khalsa Aid International USA, the humanitarian relief charity Amrita would give to: linktr.ee/Khalsaaidusa

Timestamps:

00:00 Breaking the scarcity mindset in a first-generation household

06:30 Growing up poor as an immigrant family: first money memories

23:39 Leaving the New York Times to become a real estate agent

30:13 Spend, donate, invest: how to teach teens about money

47:09 How to talk to teens about credit card debt

Learn More:

• Subscribe to Weekly Newsletter: juliamyers.com/subscribe
• Subscribe and follow on YouTube: youtube.com/@juliamyers
• Follow on Apple Podcasts: Generational Wisdom
• Follow on Spotify: Generational Wisdom

Generational Wisdom is the show for parents raising great kids in a world where more is never enough. Hosted by Dr. Julia Myers, TEDx speaker and mom of five. This show is for education and encouragement, not financial, legal, or tax advice. Generational Wisdom® is a registered trademark of Generational Wisdom LLC. All Rights Reserved. Subscribe and follow on YouTube or your favorite podcast player so you don't miss the next conversation. For guest inquiries, visit juliamyers.com/podcast

Discover how to teach kids about money and pass on generational wisdom with financial advisor Marc Shaffer and host Dr. Julia Myers.

Teaching kids about money works best when it starts early and doesn’t rely on one person alone. The advisors, mentors, and coaches around your family are the infrastructure that carries generational wisdom forward. Hear how to build that team with financial advisor Marc Shaffer and host Dr. Julia Myers.

Marc shares his expertise on family wealth transfer, early money education, and the importance of kindness and intentionality in financial conversations. Discover practical tips to raise financially savvy kids and build a legacy of wisdom.

Key Takeaways:

• Advisors and mentors help pass down money wisdom
• Teach kids early with piggy banks and delayed gratification
• Give kids skin in the game and gift wealth while you’re alive

About Marc Shaffer:

Marc Shaffer, CFP, AIF, and EA, is a financial advisor at Searcy Financial Services, a 50-year-old firm. He helps families build strong financial futures while staying grounded in what matters most. Passionate about teaching and community involvement, he’s also the author of One for All: Systematize Your Kindness in Your Network. Outside work, he stays active, gives back, and spends time with his family.

Episode Links & Resources:

One for All: Systematize Your Kindness in Your Network by Marc Shaffer

Website: searcyfinancial.com

Timestamps

00:00 Why gift money before you’re gone
15:37 Skin in the game: college and weddings
23:35 Build giving into your budget
29:14 Teaching a 4-year-old with piggy banks
35:57 Talking to kids about money without fear
39:40 “Is our money safe?” at ages 4 and 14
42:20 Teaching the value of a dollar
46:57 Marc’s money story: stop hoarding, start enjoying

Learn More:

• Subscribe to Weekly Newsletter: juliamyers.com/subscribe
• Subscribe and follow on YouTube: youtube.com/@juliamyers
• Follow on Apple Podcasts: Generational Wisdom
• Follow on Spotify: Generational Wisdom

Generational Wisdom is the show for parents raising great kids in a world where more is never enough. Hosted by Dr. Julia Myers, TEDx speaker and mom of five. This show is for education and encouragement, not financial, legal, or tax advice. Generational Wisdom® is a registered trademark of Generational Wisdom LLC. All Rights Reserved. Subscribe and follow on YouTube or your favorite podcast player so you don't miss the next conversation. For guest inquiries, visit juliamyers.com/podcast