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Three steps for helping your kids gain money smarts

Chris Cabri, certified financial planner with Wells Fargo Advisors in Greenwood, S.C.
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Chris Cabri
Chris Cabri, certified financial planner with Wells Fargo Advisors in Greenwood, S.C.

Our next guest says that one of the best things you can do for your children is to teach them how to be responsible with money. And he has three steps you can follow. Mike Switzer interviews Chris Cabri, a certified financial planner with Wells Fargo Advisors in Greenwood, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.