As a two-time best-selling author and seasoned real estate investor, Greg’s latest book, “Teen Money Mindset: 8 Essential Money Skills They Don’t Teach You In School,” is a game-changer for teens and their families.

Get ready for an exclusive interview with the remarkable Greg Junge, an authority in personal development, entrepreneurship, and financial empowerment.

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Greg provides the future generation with the tools they need to succeed in this quickly changing world. His teachings will empower you to take control of your financial future by guiding you in developing a successful money mindset.

Join us as we uncover the creative process of Greg, the author of the Teen Money Mindset.

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Teen Money Mindset

Achieving Financial Freedom With Greg Junge

what inspired you to write ‘Teen Money Mindset: 8 Essential Money Skills They Don’t Teach You In School’?

I am originally from Long Island, New York and now I currently live near Tampa Florida with my wife Mandy and our dog Buster. I’ve been investing in real estate since 2010 and today I’m a full time real estate investor.

I was inspired to write a book that focused on teens, money, and mindset because I was fortunate to grow up in a household where finances were talked about and taught, both directly and indirectly. I didn’t discover personal development and mindset until much later in life, which propelled my success in business and managing my investments.  

My goal is to help teens, who are growing up in a much different world than I did, and help them understand the fundamentals of finances. I also want to stress the importance of mindset, education/learning and developing the appropriate life skills regarding money and finances.

Finances and mindset aren’t taught in schools today. I want to reach the teens who are excited to learn about these topics and help them develop the mindset to live a life that they truly deserve.

What do you think is the most overlooked financial skill among teenagers today, and why?

Investing! I believe investing is the most overlooked skill that’s not being taught by teachers and most parents. I believe it’s overlooked by teens because they feel that it’s something that they will do later in life when they have more money or when they become an adult.

Learning how to invest at a young age is still a valuable skill to learn regardless if you have money to invest or not. Playing monopoly as a kid or as an adult is a great way to learn about real estate investing, cash flow, luck, and how to negotiate and trade with others. If teens play games like monopoly, they’ll get hands on experience at a young age and it will prepare them for when investing opportunities arise in real life.

Investing is a fundamental skill that will serve teens for the rest of your life. No matter how young or old, learn the basics of investing right away. 

how have your own financial practices influenced the advice you give in the book?

Some years ago in my dating years, I dated a woman who didn’t have the luxury of growing up in a household where financial goals were discussed. This experience opened my eyes to the fact that we are usually a product of our own environment. This woman didn’t learn budgeting and the importance of building up your credit at a young age, but fortunately I did. 

Understanding how money, finances, and investing works is a life skill that everyone needs at some point in their life. Whether you earn $500 a year or $10 million a year, you will still need to understand what to do with that money once you’ve earned it, how to earn more money, how taxes work, etc. The fundamentals are the same for everyone!

My own financial practices show up throughout the book because you can’t escape the basics. Two areas that I pull from my daily life and that have influenced this book the most are: mindset and mapping your future.

Mindset:

I wish I learned about mindset at a younger age, so I wanted to write about this aspect because it’s become such a huge part of my life, once I discovered how powerful it is. Mindset and personal development is not just for the psychological aspects of money, it touches all areas of life. Relationships, health (both physical and mental), your purpose, and habits are just a few areas where learning and applying mindset will help you go much further and deeper than without it.

Mapping your future:

It isn’t just for teenagers, it’s for everyone, at every age! It’s easy to set a goal and achieve it, but then what? What’s your next milestone that you want to achieve? Mapping your future is fun, and if you’re doing it correctly, you’ll do it often. It’s easy to try to map your future now, but life gets in the way, things happen, both good and bad, and adjustments need to be made (more often than you think). 

In 2021 I was diagnosed with a mild case of diverticulitis, which has been corrected by changing my diet and losing about 60 pounds. That year, my business partners and I started investing in a niche in real estate that has taken off since then. Unfortunately, I had to leave the partnership to focus on my health. It was the right move at the time and I’d still choose my health over any amount of money I could have earned. Diverticulitis wasn’t in my plan for 2021, so I had to adjust, re-group, and map my future from my new starting point. Setting goals and mapping out your future ideally should be done at least once a year, if not quarterly. 

Can you explain why Teenagers must develop a positive money mindset early, and how can parents help foster this?

Money Mindset Magic is my favorite chapter of this book, because it’s the most important skill that I mention. Mindset is a practice, meaning that you have to continually learn and put it to use, you’ll never master mindset. 

It’s important for teenagers to develop skills around mindset because these skills can be applied to every aspect of life. Mindset incorporates many skill sets, but when it comes to money and finances. It’s important to understand that money is abundant, not scarce. Most people grow up with the belief that they can only earn a certain amount of money per year, a common limiting belief. This stems from the scarcity mindset. “Money doesn’t grow on trees” and “I can’t afford that” are examples of common scarcity sayings.

If you have a scarcity mindset, you’ll believe those sayings and limit your ability to earn the amount of money you want. More importantly, you can restrict yourself from what you truly want to do in life.

Parents are certainly the biggest influence children and teens have because of the proximity and time spent together. Parents teach us right from wrong, as they see it.

Children are generally a result of what they hear their parents say, and what actions they take in life. Parents can adopt an abundant mindset to help themselves succeed in life, but also to lead by example and show their children the benefits of having an abundant mindset.

Looking back, what is one piece of financial advice you wish you could give your 18-year-old self?

I’d tell my 18 year old self to find a mentor as soon as possible. Having a mentor at an early age will help any 18 year old fast track their learning curve and success, provided you find the right mentor that aligns with your goals, work ethic, and drive. A mentor can and will save you time, the most precious commodity we all have, by teaching not only how to be successful, but also what pitfalls to avoid, which is just as important. 

To anyone thinking about getting a mentor or a coach, I’d strongly encourage you to do so. Working side by side with someone who has been in the trenches and has accomplished the exact goals you are striving for, will speed up your timelines to success considerably.

what is the single most important financial tip you would offer young adults to help them manage their financial responsibilities effectively?

Track everything! With all the apps and technology that are available today, there’s no excuse for not tracking your spending, income, budgets, etc. The benefit of tracking your finances, down to the penny, is that you’ll know exactly what areas you’re doing well in, and what areas you need improvement in. It’s like receiving a report card for your personal finances. If you’re failing in the spending department, your budget will highlight this very quickly. Once you have this information, you can adjust your spending habits, correct your budget, and continue to improve the numbers on your spreadsheet and apps you use to track everything.

What’s a priceless piece of advice you believe anyone should hear?

“Luck comes and goes, but knowledge stays forever.” I’ve had this quote attached to my personal email for over a decade. 

Luck will inevitably come to us throughout our life, both good luck and bad luck. Knowledge is something that always stays with you.

Knowledge isn’t just what you read in textbooks or absorb while watching a Youtube video. It’s having proper social skills, how to build quality relationships with others, and how to build confidence in everything you do.

My late father always told me, “never stop learning,” and I live every day to adhere to that piece of wisdom.

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Teen Money Mindset

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