Putting Our Financial Knowledge to the Test (With Special Guests!)

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Smart Money Happy Hour with Rachel Cruze and George Kamel 35 min 6 speakers 3 chapters transcribed
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Who are the special guests in this episode?

Caroline Cruz 0:05
Today we're testing our money knowledge with some very special guests. If your mom could buy anything in the world right now, what would she buy?
Amelia Cruz 0:12
A coffee mug or a book.
Caroline Cruz 0:14
Wow. So she doesn't have enough coffee mugs.
Amelia Cruz 0:17
I think we have plenty.
Caroline Cruz 0:19
What if there was a new chore I could give you and pay you $10? Would you pick up dog poop in the yard?
Unnamed Kid 0:23
Sure.
Rachel Cruze 0:30
Hey guys, I'm Rachel Cruz.
Caroline Cruz 0:32
I'm George Camel.
Rachel Cruze 0:34
And this is Smart Money Happy Hour. Well, this is the show where two friends who happen to be money experts talk about what you're talking about. Everything from pop culture, current events, and money.
Caroline Cruz 0:49
But first, Rachel, let's talk about what we're sipping on here. This is My Little Pony Became a Real Drink. It's called a lavender lemonade mocktail.
Rachel Cruze 0:57
Look at the glitter, George.
Caroline Cruz 0:59
I always ask for more glitter in my drinks. That's exactly what I want stuck in my body for an unforeseeable amount of time. It will not escape.
Rachel Cruze 1:08
It's so fun. My grandchildren will know. Okay, but it brings like joy and youth. Joy and youth to our... It just looks like it shouldn't...
Caroline Cruz 1:16
Be edible. But I know it's called edible glitter, but who's making it? I need answers. This is my conspiracy theory. Well, stick around until the end. We'll give you our rating and reveal the cost per glass at the end of the episode.
Rachel Cruze 1:26
All right, well, it's springtime, George. We love springtime. I love springtime.
Caroline Cruz 1:30
Our birthdays are in the spring.
Rachel Cruze 1:32
Yes, they are.
Caroline Cruz 1:32
The iconic Miss Congeniality perfect date. Can you say the quote?
Rachel Cruze 1:36
Yes, my birthday is April 25th. Not too hot, not too cold. All you need is a light jacket.
Caroline Cruz 1:42
Wow.
Rachel Cruze 1:43
It makes me so happy.
Caroline Cruz 1:44
That felt very like pageant.
Rachel Cruze 1:46
I know. Well, it was. It was Miss Congeniality. It was a pageant movie. No, no, it makes sense. It was a pageant movie.
Caroline Cruz 1:50
Okay. Did you also know, more importantly, April's National Financial Literacy Month?
Rachel Cruze 1:54
Yes. You know, I do know this because we work in the world of personal finance.
Caroline Cruz 1:59
We live it. We breathe it.
Rachel Cruze 1:59
Yes, but it is. It's a month that really is dedicated to the youth. if you will.
Caroline Cruz 2:04
That's right. And say what you will about California. They recently became the 26th state to require financial literacy in school. We love that.
Rachel Cruze 2:12
Yeah. So there are a lot of states now mandating financial literacy because everyone says always, if I had known this stuff in high school, my life would be different. And so setting up the knowledge base early on in the world is so great. So that's why we love getting to middle schoolers and high schoolers and talking about this.
Caroline Cruz 2:28
So in honor of FinLit season, as we call it in the biz, we decided to bring a piece of our personal finance curriculum to you so you can put your money knowledge to the test.
Rachel Cruze 2:37
Yeah, so later on in the episode, we're actually going to do a quiz between George and myself in our personal finance curriculum and see if we can get it right.
Caroline Cruz 2:45
You love anything competitive.
Rachel Cruze 2:46
It gets super like tactical though. Like it's not just like, what's baby step four? It's like talking about W-2s and stuff.
Caroline Cruz 2:52
And you guys will play along in the comments. But first, we created a special money quiz for some very special guests. So let's get them up here. Welcome.
Rachel Cruze 3:00
Here they are. Hi, girls. Hello. Hello.
Caroline Cruz 3:04
Should we introduce them? Do the people know who these are?
Rachel Cruze 3:07
Why don't you say your full name and see if they get a hint of who they are with their last name. So what's your name? Caroline. What's your last name? Cruz. Cruz. That's right. My daughter, Caroline. How old are you, Caroline? Seven. Seven. What grade are you in? First. First grade. That's right. And you? Amelia Cruz. Amelia Cruz.
Amelia Cruz 3:27
I'm pretty much 10, technically nine.
Rachel Cruze 3:30
We'll round up. That's right. When this airs, you'll be 10. Yeah. Yes. That's right. Yes. And what grade are you in? Fourth. Fourth grade. Awesome. Okay. I want to chat about money. Sure.
Caroline Cruz 3:40
Who do you think is smarter when it comes to money so far in life?
Rachel Cruze 3:43
Yeah, like who handles money the best? Like what do you mean?
Amelia Cruz 3:48
Like dad.
Caroline Cruz 3:49
Dad. Okay. Not the answer I was looking for, but it's the answer I wanted. Between the two of you, are you better at saving money?

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