Teaching Kids How Credit Really Works

Many adults learn the true cost of credit through expensive mistakes. Esther makes the case for proactive education, equipping your children with a foundational understanding before they ever swipe a card.

At the table

Esther, joined by her children, demystifies the mechanics of credit scores, the insidious nature of interest, and the critical distinction between debt that builds and debt that depletes.

What this conversation covers

• The five essential factors that determine a credit score
• The hidden cost of minimum payments on high-interest debt
• Understanding how interest can destroy or build wealth
• Differentiating between good debt and bad debt
• Equipping children to evaluate debt’s long-term impact

A line worth keeping

Interest is a tax on your money, and it will destroy your wealth.

Mentioned in this episode

• Credit scores
• Payment history
• Credit utilization
• Good debt
• Bad debt
• Mortgages
• Car loans
• The Broker’s Table community, for women building faith, family, and lasting wealth

The Broker’s Table is hosted by Esther Jackson-Stowell. New conversations on faith, family, and the kind of wealth that outlives you.