The Money Jar - The Podcast about Kids, Families and Money

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The Money JAR Episode #7: What Do I Do with My Holiday Cash?

As you rack your brain around what types of presents to give your kids during the holidays, what is your family’s philosophy around monetary gifts?  Join our hosts and guest expert Rudy DeFelice as they discuss how an influx of cash during holidays can create an excellent learning vignette for your child. In addition, once that gift has been received, DeFelice details some alternative uses for newfound currency (other than spending or saving), including a methodology he uses within his own family called “the price of asking.”

 

Rudy DeFelice had his first job at age 10, delivering the local newspaper, and by age 11 he was the delivery boy for all three regional newspapers. In his youth, he worked on a farm, painted houses, played sports, and was the first kid in his family to go to college, eventually graduating Harvard Business school and the University of Connecticut School of Law. After being a lawyer McDermott, Will & Emery and Kelley Drye for many years, he took a sabbatical and returned to found Practice Technologies, Inc. (PTI), a VC-backed software and internet information company based in Los Angeles. After nearly a decade, he decided to leave his CEO position at PTI to found Bizinate.com, a website that provides sophisticated account management for young people, allowing their parents to sign up, start companies on behalf of their children and hand over the wheel when their kids are ready.  He currently resides in Pacific Palisades, California, with his wife Wendy and 3 children.

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Show Hosts

Your hosts

Todd Yuzuriha and Evan Wilson

Evan is a senior research analyst and principal at Pacific Crest, a top technology boutique investment bank. He leads the firm’s coverage of the Internet, social media and games. He was recognized in Institutional Investor‘s All-American Research Team in the leisure (2005, 2007-2010), software (2005, 2007-2011) and Internet (2011) categories. He frequently appears on CNBC and at industry conferences, and is often quoted in The New York Times, The Wall Street Journal and Bloomberg. Evan graduated from Linfield College, where he studied finance and computer science and was an Academic All-American.

Todd is passionate about personal finance and began investing at age 12. He retired as Vice President of Engi-neering for Logitech, where he led product development of the company's audio and video game products. Previously he was Senior Vice President of Engineering for Labtec, Senior Director at Sharp Microelectronics, and Engineering Manager at Tektronix. Todd has a bachelor's degree in engineering from Stanford, a master's degree in engineering from the University of California at Berkeley, and an M.B.A. from the University of Portland. Todd is married and has 3 children. He serves on the boards of Evergreen Public Schools in Vancouver, Washington and the Fort Vancouver Regional Library District and plays trumpet.