Father's Day: Finance Edition with Kevin L. Matthews II
- Kevin L. Matthews II is the best-selling author of Starting Point: How To Create Wealth That Lasts.
- He is the founder of BuildingBread, an online platform dedicated to helping individuals succeed with their finances.
- In 2017, Kevin was named one of the Top 100 Most Influential Financial Advisors by Investopedia.
For Father's Day, CapWay is highlighting exceptional fathers who have gone the extra mile in their homes and beyond.
Kevin L. Matthews II is the founder of BuildingBread and the best-selling author of Starting Point: How To Create Wealth That Lasts. In 2017, he was named one of the Top 100 Most Influential Financial Advisors by Investopedia.
A former financial advisor, Kevin shares his advice with his audience online via his website, social media platforms, and in person. Kevin is also a former guest speaker on our Culture Meets Money series, where he shared tips about simple wealth-building strategies and how he financially invests in his children's future.
Learn more about Kevin below.
How many children do you have, and how old are they?
I have two kids, ages 4 and 1.
What’s the best piece of financial advice you received from your father?
The best advice I got from my dad is to never have just one source of income. My dad was a big role model when it came to finding different income streams and using those avenues to move the family forward.
What pieces of financial advice do you plan to teach your children?
I want to teach my kids the power of long-term planning. I wouldn’t be where I am today if I had not been thinking about where I wanted to be ten years ago.
What are your top 2-3 pieces of advice for fathers looking to get better with money?
Take the time to learn – As fathers, we have a natural tendency to move quickly, and when it comes to money, that can lead to a costly mistake. Learn, look, leap is the process that I like to take when looking for ways to get better with money.
Have a crystal-clear goal of what you want your financial situation to be. The level of clarity that you have will help you decide what books to read, who to ask for help, and where to invest your time and resources.
How are you building generational wealth for your children?
Both of my kids now have more money at ages 4 and 1 than I had at 18. This is because I’ve started investing on their behalf to ensure that they will have more opportunities than I did.
Is there anything else that you would like to share with our readers?
Read financial books around your kids and tell them what you’re learning. My dad always had a book on money or business with him and when he would come across something interesting, he would strike up a conversation about it. Those little tidbits of information added up, and it also built a habit of learning and reading about money for me.