In this episode of The High-Performance CEO Podcast, Sebastian sits down with Eric Wohlwend, President of Clear Sky Properties and Master Trainer at Clear Sky Training, to discuss his inspiring journey from a warehouse with no heat or plumbing to owning over a thousand rental properties. Eric shares his insights on raising children who are equipped with the fundamentals of business, emphasizing the importance of teaching them property management and other essential skills that will set them up for success.
Eric also offers advice on how to instill the values of respect and kindness in children, encouraging parents to teach their kids to help those around them and pursue entrepreneurship as a means of achieving personal growth and fulfillment. He believes in exposing kids to private loan borrowing, business activities, and martial arts training to help them become resilient and independent.
To further support these values, Eric has developed the Family Success Triangle, which advocates for homeschooling, investing in the family business, and spending quality time together. He has also created an online system designed to teach children between the ages of 8 and 24 the importance of taking chances and making mistakes and to create an environment that fosters creativity and problem-solving skills.
More on Eric
Eric has been a full-time Real Estate Investor since 2003. He received both Ohio and the National Professional Housing Provider certifications in 2006. Having been a Real Estate Agent since 2010, he has repositioned more than 1000 multi-family residential units. He is IREM CPM trained & has a Bachelor of Science from Kent State University.
He has mentored and taught students from many states and countries on 3 continents, with ages ranging from 7 to over 70. He is an international speaker that has been in front of thousands of students from all over the world. He has written articles for various investment newsletters. Eric has written multiple articles in various Real Estate Investment newsletters and was published in Business Innovators Magazine and is a #1 Best Selling Author.
- Eric Wohlwend shared his inspiring story of going from a warehouse with no heat or plumbing to owning over a thousand rental properties.
- Entrepreneurship can be a great way to make something of yourself, but it is important to teach kids the importance of hard work and taking risks with their money.
- He warned against raising “trust fund babies” and advised parents to teach their kids the fundamentals of how to run a business.
5 Reasons Why Teaching Children About Money Matters
According to an article by Forbes, teaching children about money is important because it helps them develop good financial habits that will serve them well throughout their lives. Here are 5 specific reasons:
It helps children develop better decision-making skills: By learning about budgeting, saving, and investing, children can learn how to make better decisions with their money.
It reduces the risk of financial problems later in life: Children who learn about money at a young age are less likely to make financial mistakes later in life.
It helps children become more responsible: Learning about money requires children to take responsibility for their financial decisions.
It helps children understand the value of hard work: By teaching children about money, parents can help them understand the value of hard work and the importance of earning money.
It helps children develop a sense of financial independence: Learning about money can help children feel more independent and confident about their financial future.
By learning about budgeting, saving, investing, and other financial concepts, children can develop good money habits that will serve them well into adulthood.
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