A serial entrepreneur who brainstorms an idea for an app and eventually builds Kiddie Kredit, a mobile chore tracking app that teaches kids about credit. Are you ready to teach your kids financial literacy?

How To Teach Your Kids Financial Literacy

Key Points on How To Teach Your Kids Financial Literacy

Photographer: Alexander Dummer | Source: Unsplash
  • Evan was always entrepreneurial. He saw entrepreneurship as the only way to financial freedom.
  • However, he knew, that starting a business takes a lot of capital, which can be very hard to get. He wanted to change that and wanted to help people understand how to create a business through credit.
  • Evan has been mentoring kids for the last 5 years. He realized how the school system doesn’t prepare children for the credit system.
  • This idea was the foundation of Kiddie Kredit, a mobile chore tracking app, that teaches kids about credit.
  • He started to work on the app with his partner 2 years ago. Along the way, many people joined their team.
  • It launched last year. Even though they didn’t spend any money on marketing, in the first month they had 30k chores completed.
  • Evan gathered as much feedback as possible after the launch and changed the app based on that. For example, he simplified the calculation of the credit score, so children could understand it better.
  • According to Evan, the biggest challenge in creating the app was finding the right developer. They wanted to outsource to someone first but later realized that it’s better if they have him in house.
  • In the beginning, they used word of mouth. Their CMO runs a financial literacy blog that generates 50k visits a month. After they got featured on this blog even Forbes picked them up.
  • Kiddie Kredit is a free app with some extra paid content. Evan is working on a premium membership now.
  • Evan runs a tech conference, Black Men Talk Tech alongside his app. It is a celebration of black technologists, founders, and developers.
  • Last year they had around 200 visitors and Evan is planning to make it even bigger this year in October.
Moments of Truth with Evan Leaphart
  • Who is your success role model? Jay Z
  • What is your biggest success? Launching his app.
  • What does a typical day look like for you? He wakes up and goes for a jog or to workout. Then he checks his stocks. He likes to schedule his days out and fill his calendar. In the evening he watches a couple of shows.
  • What’s your favorite quote? “Luck is when preparation meets opportunity.” “Entrepreneurs spend some of their lives doing what most people won't. So they can spend most of their lives doing what most people can't.”
  • What are your hobbies? He likes to play basketball.
  • What is the best business book you’ve read? Stephen Covey – The 7 Habits of Highly Effective People
  • If there was one key piece of advice you could leave our listeners with about achieving success, what would it be? Be your biggest supporter and your worst critic, and don’t give up!

About our Guests, Evan Leaphart

Evan Leaphart

Evan Leaphart is the Founder of Kiddie Kredit, a mobile chore tracking app that teaches kids about credit. He combines a passion for financial literacy and innovation with a commitment to solving real problems that help the community around him. As a serial entrepreneur and co-founder of the Black Men Talk Tech Conference, Evan’s previous endeavors include a cleaning business and an auto transport business. With regards to Kiddie Kredit, Evan explains, “I’ve always enjoyed being an entrepreneur but it feels good being focused on the project I’ve always wanted to create.” Evan encourages youth to follow their dreams and pursue their passions – to create great careers rather than jobs that make everyday feel like work.

Born in Pittsburgh and growing up outside of Baltimore, Evan has experienced many different cultures and environments which allows him to relate to many different youth experiences. He now spends time in Los Angeles and frequently commutes back to Miami, where he spent the last 15 years living.