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Money Talk With A 10-Year-Old

April 19, 2026 • Zebunisso Alimova

0:00 | 8:33

A 10-year-old walks into a school holiday podcast and accidentally delivers a masterclass in money basics. Aslan joins me for a funny, sharp chat that starts with what money can buy (yes, lollies make the list) and quickly turns into real financial literacy for kids and families: how to earn money young, why saving matters, and how to think about spending without blowing it all at once. If you’ve ever wondered how to teach kids about money without lectures, this is the kind of conversation that does the job naturally.

We get practical with pocket money, simple side hustles like cleaning and lawn mowing, and setting savings goals for big-ticket wants like an electric scooter or a PS5. Then we take an unexpected turn into investing, with shares in familiar companies as a way to make “stocks” feel normal rather than scary. We also talk about earning through coaching at taekwondo, and how skills can become income even before you’re a teenager.

From there, we zoom out to grown-up topics explained in kid terms: what a mortgage is, why banks charge interest rates, and why you often pay back more than you borrow. To wrap up, we compare free fun with paid fun during the school holidays, revisit a lemonade stand that nearly hit $100 in one day, and preview inflation with the clearest example possible: the same lolly packet costs more and sometimes comes with fewer lollies. If you care about personal finance, money habits, investing basics, mortgage basics, and inflation explained simply, you’ll get plenty to think about.

Subscribe for more real-world money chats, share this with a parent or whānau member, and leave a review if it helped. What’s one money lesson you wish you learned at 10?

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SPEAKER_00 0:10

Hello and welcome to the School Holiday Edition. Today I have another guest, and his name is Aslan Nemousel. Hello, Aslan. How are you?

SPEAKER_01 0:21

Good, how are you?

SPEAKER_00 0:22

Good. How are you related to me?

SPEAKER_01 0:24

I'm kind of your son right now.

SPEAKER_00 0:26

Kind of my son right now. Yeah. Okay. And how old are you?

SPEAKER_01 0:31

10. Turning 11 in July.

SPEAKER_00 0:33

Cool. And can you tell me what do you think we're going to talk about today?

SPEAKER_01 0:40

Money.

SPEAKER_00 0:41

You want to talk about money?

SPEAKER_01 0:42

Insurance.

What Money Buys And Why

SPEAKER_00 0:43

You want to talk about insurance? Yeah. Okay, cool. Let's start with money. What do we know about money?

SPEAKER_01 0:48

That you can buy a lot of stuff with it.

SPEAKER_00 0:50

What sort of stuff do you want to buy with money?

SPEAKER_01 0:53

A car, a house, lollies.

SPEAKER_00 0:55

A house. A car, a house, and lollies. Yeah. That's a lot of stuff you can buy with money. Okay. And Aslan, for those that are listening, and if you are 10 years old, what do you think they should know about money?

Earning Money At Age Ten

SPEAKER_01 1:09

How to make it, uh to what to do with it, and to save up.

SPEAKER_00 1:15

Okay. So if you think that people should know how to make money, how should they make money if they're only 10 years old?

SPEAKER_01 1:24

Maybe do a business like uh like lawn do the lawn mowers or help your parents.

SPEAKER_00 1:31

And how are they gonna do that? If they don't have a lawn mower? How are they gonna do lawn mowing?

SPEAKER_01 1:36

Uh ask their mom or dad for it.

SPEAKER_00 1:39

For a lawn mower?

SPEAKER_01 1:41

Yeah, and ha and then like clean around the house.

Saving Rules And Spending Choices

SPEAKER_00 1:43

Oh yeah, okay. So if you clean around the house, you can get some pocket money. Yeah. And then what do you do with that money?

SPEAKER_01 1:50

You can spend it or save it.

SPEAKER_00 1:53

Okay. And if you spend it all at once, then there'll be nothing to save.

SPEAKER_01 1:57

Yeah, so you should save around half of it and then spend other half.

SPEAKER_00 2:01

Okay. So if you get ten dollars in a week or a day? A week.

SPEAKER_01 2:08

Okay.

SPEAKER_00 2:09

And what are you gonna do with five dollars?

SPEAKER_01 2:11

I'll probably put in my bank for college or I'd save up to get like something good, like an electric scooter or something else.

SPEAKER_00 2:22

What are you gonna get?

SPEAKER_01 2:24

An electric scooter or like a TV or something. Or PS5.

SPEAKER_00 2:28

What are you gonna do with an electric scooter?

SPEAKER_01 2:31

What do you think? Ride around it.

SPEAKER_00 2:36

Ride around. Can you make money with the electric scooter?

SPEAKER_01 2:39

Oh yeah, you can rent it.

SPEAKER_00 2:41

You can rent it.

SPEAKER_01 2:42

Yeah.

SPEAKER_00 2:43

Okay, who are you gonna rent it to?

SPEAKER_01 2:44

My friends and you.

SPEAKER_00 2:46

Your friends and me? Yeah. Lovely. Okay, so if you were to save money, how where are you gonna put it again?

SPEAKER_01 2:56

Uh my bank.

SPEAKER_00 2:58

And where is your bank?

SPEAKER_01 3:01

In your phone.

Shares And Working At Taekwondo

SPEAKER_00 3:03

Your bank is in my phone. Fair enough. Okay, and you also know about shares, right? Oh yeah. Yeah. What sort of shares do you have?

SPEAKER_01 3:12

I have Tesla, I have flight the flight places, I have car places, my Coca-Cola, I have iPhone, I have Apple.

SPEAKER_00 3:26

How did you buy those shares?

SPEAKER_01 3:28

With money.

SPEAKER_00 3:29

And how did you make that money?

SPEAKER_01 3:32

By working.

SPEAKER_00 3:33

And where where else do you work? Do you want to tell our listeners where you work?

SPEAKER_01 3:37

I work at Taekwondo.

SPEAKER_00 3:39

Yeah. What do you do there?

SPEAKER_01 3:41

Coach.

SPEAKER_00 3:41

How long have you been doing that for?

SPEAKER_01 3:44

A year or two.

Mortgages And Interest Rates

SPEAKER_00 3:46

Yeah. Are you liking it? Yeah. Yeah? What do you want to be when you grow up? You want to be a taekwondo coach?

SPEAKER_01 3:53

Yeah, or the thing you do, which is like insur help people with insurances.

SPEAKER_00 3:59

When there's insurances and mortgages? Yeah. What's a what's a mortgage, hasn't it?

SPEAKER_01 4:03

Like a house or like if you want to like buy a house, you go to Sebony Salymov because she's the best.

SPEAKER_00 4:12

A little promotion. Okay, so I help people buy houses by giving them a mortgage. Yeah. But what is a mortgage? Can you explain to someone that's 10 years old like you what is a mortgage?

SPEAKER_01 4:24

A mortgage is like a house, or like if you want to buy a house, that's basically like a mortgage. Yeah, I think so. That's it.

SPEAKER_00 4:36

It's a loan.

SPEAKER_01 4:37

A loan, yeah, yeah, that's what I'm thinking of. Um so you can buy like a house and then you have to pay the bank if you don't have enough money, so you get a loan from the bank, and you have to pay back the loan even more. So if you get a million, if you let's say you get a million dollars for a m for a house, you have to pay no loan, let's say, for 1.2 million or 1.5 million over time.

SPEAKER_00 5:01

Why is that?

SPEAKER_01 5:02

Because that's how they make money.

SPEAKER_00 5:04

Mmm. That's because of the interest rate.

SPEAKER_01 5:07

Yeah, interest rate.

SPEAKER_00 5:08

Yeah. Do you know about interest rates?

SPEAKER_01 5:10

It's nothing that goes up and never goes down.

School Holiday Fun Without Spending

SPEAKER_00 5:14

Oh. Okay. Okay. And do you know anything about the compounding interest? No. Okay. Maybe next episode when you come back, we can talk about compounding interest. Yeah. Yep. And did you enjoy your school holidays so far?

SPEAKER_01 5:26

Yeah, it's been fun.

SPEAKER_00 5:27

It's been fun? Yeah. Okay. What did you do?

SPEAKER_01 5:30

We had a couple Easter hunts. We had chocolate eggs. We watched a few movies. What else did we do? We went out, we did talk and dough. We had dinner at some places. And we went to a few bakery bakeries.

SPEAKER_00 5:48

We had a mixture of free fun and paid fun. Yeah. Yeah. So it's important for you to remind people that having fun shouldn't cost a lot of money.

SPEAKER_01 5:57

Yeah.

SPEAKER_00 5:57

Yeah. What would you suggest someone that's ten years old and wants to have fun and say that they're bored? What should they do?

SPEAKER_01 6:04

Uh go on the TV or phone. But if they're not allowed to do that, go maybe like a bike ride or play some sports.

SPEAKER_00 6:12

Read a book?

SPEAKER_01 6:14

Yeah, and read a book.

SPEAKER_00 6:15

What sort of books do you like?

SPEAKER_01 6:18

I don't know. Any?

SPEAKER_00 6:21

Do you like any books? Do you like reading?

SPEAKER_01 6:23

A little bit.

unknown 6:25

Yeah.

SPEAKER_00 6:25

Do you like writing?

SPEAKER_01 6:26

No.

SPEAKER_00 6:27

You write some stories sometimes.

unknown 6:30

I never. You never do. Okay. You never do. Apparently.

SPEAKER_00 6:35

Aslan, do you want to tell our listeners about your lemonade business and how profitable that was one time?

SPEAKER_01 6:41

Oh, yeah.

SPEAKER_00 6:42

Yeah.

SPEAKER_01 6:43

So I got some lemons from Lorraine and then I made some lemonade freshly squeezed, and then I sold it for a two dollars a cup, and then people bought it for me, and then I made lots of money and made almost a hundred dollars.

SPEAKER_00 6:58

In one day.

SPEAKER_01 6:59

Yeah.

SPEAKER_00 7:00

Yeah. What did you do with that money?

SPEAKER_01 7:03

I don't even know.

SPEAKER_00 7:04

Mmm.

SPEAKER_01 7:05

I gave some to Ami and Zara 10%, which is so I had$80 left. And then bought some ice cream and then I think I did some cheers.

SPEAKER_00 7:15

Mmm.

unknown 7:16

Yeah.

SPEAKER_00 7:17

Are you gonna do any business activities this school holidays?

SPEAKER_01 7:19

I hope so.

SPEAKER_00 7:20

Yeah. What else do you want to do?

SPEAKER_01 7:23

I don't know. Maybe sell some more lemonade, but no, it's cold, so winter.

SPEAKER_00 7:28

So maybe you should m sell people some hot tea with lemon and ginger and honey. Yeah. Yeah. Okay. Alright, Aslan, did you have fun today with me talking on podcast? Um yeah. Are you gonna come back?

SPEAKER_01 7:41

Yep.

Inflation Explained With Lollies

SPEAKER_00 7:42

And next time when you come back, what do you want to talk about?

SPEAKER_01 7:44

Uh inflation.

SPEAKER_00 7:46

You wanna talk about inflation? Well, do you want to mention quickly what is inflation?

SPEAKER_01 7:50

It's when stuff go up. So let's say you bought a lolly packet for five dollars, and then when and then if it's 150% inflation, it will be seven dollars and fifty cents.

SPEAKER_00 8:03

For the same packet of lollies. Yeah. But you know, sometimes they're even cheekier and they actually put less lollies. They make the packets even smaller. Yeah. That also could be part of the inflation. Yeah. Okay. Well, thank you for so much for coming. It was lovely having you as a guest and see you soon again.

SPEAKER_01 8:19

Yeah, and buy a house before inflation goes up again. Bye.

unknown 8:22

Bye.

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