Jodie Brown founded Moneybox Kids in 2019, together with her husband Andrew - a qualified cabinetmaker (and the creator of their wonderful timber moneyboxes!)
They have two beautiful girls and have recently returned from an adventure-filled trip travelling fulltime around Australia - two years of meandering around on a criss-crossing lap of the country.
Growing up, Jodie's family had little money for any extravagances. Any expenses were budgeted for and if anything more was wanted, it needed to be saved for.
This background taught Jodie to value money and look after every cent. What followed was extraordinary.
Jodie saved and paid cash for her first car. She bought her first residential investment property, with Andrew, when she was 21 years old, paying off the mortgage within 3 years on minimum wages, using every money-saving trick in the book.
Over the next 20 years, Jodie and Andrew added two gorgeous kids to their family and purchased a further 11 properties in Sydney and Far North Queensland. Each loan was paid down in record time, often on one wage, with Jodie setting herself a challenge to pay off each loan quicker than the last.
In mid-2019 and in a position to retire on the income they earn through their investments, Jodie and Andrew downed tools, quit the 9-5 rat race and set out to experience life on the road with their young children.
These days, Jodie and Andrew can be found in tropical North Queensland spending as much time as possible with their children (with a strong focus on teaching financial literacy using the Barefoot Investor's jam-jar method!) and living life to the fullest.
Now, they want to give back.
Because they want to make a difference.
Australia has the second largest household debt, according to a national survey conducted in 2019. 37% of people struggle to pay off their debts, with the average credit card debt lasting 6.5 months.
Through homeschooling their children whilst travelling around Australia, Jodie and Andrew were shocked to realise that financial education was given such little attention within the school curriculum.
Throughout their travels around Australia and in their previous suburban life in Sydney, they have met many people struggling financially, with little idea how to manage their money. Many they met were on very high incomes but never seemed to have money left at the end of each week to save or invest.
They hope to instill in the younger generation an understanding of the benefits of starting to save as early as possible and paying down debts quickly. Small changes early can make a big difference later.
The Barefoot Investor, Scott Pape, has been a strong influence in the teaching of their children and Jodie and Andrew have found his teachings to be incredibly effective and applicable to real-life scenarios.
It is their hope that by introducing children to the basic concepts surrounding money from an early age, that the next generation of kids can be raised smarter and stronger when it comes to financial literacy.
Because at Moneybox Kids they believe that all Australians should be able to live the life they choose without financial burdens.
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