‘Married To Real Estate’ Stars Share How To Inspire Kids To Build Wealth – Forbes

As seen on HGTV’s Married to Real Estate, hosts Mike Jackson and Egypt Sherrod pose in the newly … [+] transformed family room of the Traenkner home. (Portrait)

2021, Discovery, Inc. All Rights Reserved

Egypt Sherrod, the real estate agent host of HGTV’s “Property Virgins” and “Flipping Virgins,” has joined forces with her husband and builder, Mike Jackson, in an all-new series, “Married to Real Estate.”, which airs on HGTV Thursdays at 9 p.m. ET.

In the show Sherrod and Jackson use their combined expertise to make smart purchases, renovate homes and get their clients into the dream neighborhood they never thought they could afford.

While working to make their clients dreams come true, Sherrod and Jackson are also busy managing their family of six (3 children plus and a recent puppy addition). Inspired by their own childhoods, experience and success, Sherrod and Jackson believe in teaching their kids the importance of building wealth and being financially education.

Coming from a single mom who at times needed financial assistance, Sherrod respected how hard her mother worked to get out of that hole. Her mother’s dream for her kids was to never have to be in that situation. “Every parent wants the next generation to do better. My dream for my kids is they will far exceed us.” For them, part of that goal meant raising financial literate and empowered children.

They started by teaching their now 10-year-old daughter about piggy banks. “The goal was when Kendall turned 12 we were going to crack open those piggy banks and use them for saving and investing.” Jackson said.

However, they soon realized their daughter may be ready earlier than expected. As Sherrod puts it, “At 10, Kendall is now taller than me at 5 ft 7, and has the mindset of a 16-year-old in terms of responsibility and financial concepts.” After overhearing her parents on the phone talking business, Kendall began asking questions about real estate and investing. As Sherrod and Jackson explained these concepts to her, she was genuinely interested and caught on quickly. Sherrod believes “If you see a spark in your child, you have to honor it,” so they decided to give her weekly lessons and quiz her around topics just like they do with her school subjects. “School gives them the basics to survive, but if you want them to thrive and grow and live to their full potential, you definitely need to carve out a curriculum at home.” Sherrod says.

Inspired by Kendall’s interest and passion, a year ago they decided to take it to the next step and purchased an investment property for …….

Source: https://www.forbes.com/sites/lizfrazierpeck/2022/02/04/married-to-real-estate-stars-share-how-to-inspire-kids-to-build-wealth/