WealthQuest for Teens (Review)

Wealthquest for Teens is an online video seminar with workbook plus it includes two ebooks: a Quickstart Guide for Teens and a Parent’s Guide. The seminar is geared towards teens ages 14-19, and their parents. Jill Suskind, creator of Wealthquest for Teens, is a teacher with a passion for educating teens on good money management.

The videos feature a group of teens covering common beliefs and attitudes related to money, how to shift thinking into a better mindset, and finally it gives tools for teens to begin managing their money now – to better prepare them for their future.

Supplies needed:
~ Laptop or computer to access online portion
~ Time to work through the program – this can be done at your own pace.
~ Pen, paper and a notebook – you can print the ebook and write in it (what we did) or write your answers on paper. You’ll also want a notebook or paper for setting up the Money Journal.
~ Play money – can make your own or use some from a game like Monopoly.
~ A book on money – Jill recommends that teens read a book each year on money.
~ An open mind – her approach to money might be a new concept for some.

The Parent Guide issues a rally cry to parents on the importance of teaching strong money management principles to teens. It discusses the flawed system most people have when it comes to money, teaches you how to train your kids to manage money better, and gives tools on how to go about doing that. I’d read this before your teen begins the seminar. It will give you an idea of what to expect as well as get you in the right frame of mind for why this is important.

The first step of the program is to watch the online seminar and fill in the workbook. My daughter and I watched the videos together, and had a lot of thought provoking conversations about what was presented, and about money management itself.

There are seven modules to complete, and all seven can be done in a relatively short period of time. The modules are more of an introduction to the approach whereas the following steps will have you implementing the different ideas.

Seven Modules:
Module 1: Welcome, Intentions, and Overview of the Program
Module 2: Your Habits and Attitudes Determine Your Net Worth
Module 3: Three Kinds of Income
Module 4: Knowledge About Money
Module 5: A Great Money Management System
Module 6: A Really Good Reason!
Module 7: A Look at Financial Freedom

The workbook is where the teen gets into implementing the money management ideas. There are questions to answer, and activities to do to further their learning about money. At the same time, the students can set up their free MoneyTrail account to help them practice moving their money into their “silo system”. All of this is learned through the online seminar and ebook.

Our Thoughts: Overall, this program is a good introduction to money management. I like that it emphasizes how attitude affects money management, and how important it is for teens to learn how to handle money now before bad habits take root. I especially love the idea of reading one financial book a year – a good thing to implement for teens and adults.

Both my daughter and I felt the videos were a little heavy on the ‘get rich’ mentality. Wealth is important, but not for the sake of wealth itself. As Christians, being good stewards of money is valuable and biblical, and tempering wealth building with God’s guidance is key to strong money management.

Wealthquest for Teens currently costs $39.95. Check out the video for more information. You can also find them on Facebook and Twitter. There are plans in the works for an Advanced Seminar in the future.

Disclosure: I received this free course to review. All information was correct to the best of my knowledge at the time this review was written. I was not required to write a positive review nor was I compensated in any other way. The opinions I have expressed are my own. I am disclosing this in accordance with the FTC Regulations. You can read my full disclosure policy here.