27 subscribers
انتقل إلى وضع عدم الاتصال باستخدام تطبيق Player FM !
المدونة الصوتية تستحق الاستماع
برعاية


1 Amy Schumer & Brianne Howey on the Importance of Female Friendships, Navigating Hollywood's Double Standards, Sharing Their Birth Stories, and MORE 50:05
EP 114: How to Raise Financially Empowered Kids
Manage episode 209678795 series 1148202
We all want our kids to be smart about money decisions, right, but how do we do this? Making decisions around money is much more than learning how to spend, but how do we teach our children in ways that they will understand, before they make those disastrous money mistakes? It’s a a topic that many parents have questions about and today’s show is full of answers and smart money advice for parents.
John Lanza is Chief Mammal of The Money Mammals and the author of The Art of Allowance, three children’s picture books, and the creator of an award-winning DVD, The Money Mammals. He’s the father of two daughters and a youth financial literacy expert and he’s here to help us learn the basics of raising financially empowered kids.
What you’ll learn from the episode:
- How John was influenced by his wife to become a Money Mammal, because they wanted their kids to be money smart
- Applying the concept of “emergent financial literacy” to spending, sharing, and saving
- The basic allowance rule: $1 per week, per year of age (Kids must have money to practice with!)
- Finding the balance between advising kids on purchases and giving them autonomy
- The BIG question: Should allowance be tied to chores? (Find out why John says NO!)
- The key in teaching kids about money is what lesson you want to teach them
- The concept of “breakthrough allowance,” when your child is older and becomes responsible for certain financial expenses
- The goal for kids is money empowerment, where kids control their money and money doesn’t control them!
- How to know WHEN to teach WHAT in progression
- Saving goals should be specific, measurable, attainable, relevant, and time-based
- How to teach awareness of investing and saving for college
- How to make adjustments to NOT pass on our money ignorance and money difficulties to our kids
- How a family of significant means can guard against raising spoiled kids
- How to teach visualization for kids to reach their financial goals
- The key to it all: Have an open dialogue with kids about money
Resources:
www.theartofallowance.com--Find out how to win one of three signed copies of John’s book!
The Opposite of Spoiled by Ron Lieber
Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.
278 حلقات
EP 114: How to Raise Financially Empowered Kids
Love, your Money - Wealth, Money, and Financial Advisor for Women
Manage episode 209678795 series 1148202
We all want our kids to be smart about money decisions, right, but how do we do this? Making decisions around money is much more than learning how to spend, but how do we teach our children in ways that they will understand, before they make those disastrous money mistakes? It’s a a topic that many parents have questions about and today’s show is full of answers and smart money advice for parents.
John Lanza is Chief Mammal of The Money Mammals and the author of The Art of Allowance, three children’s picture books, and the creator of an award-winning DVD, The Money Mammals. He’s the father of two daughters and a youth financial literacy expert and he’s here to help us learn the basics of raising financially empowered kids.
What you’ll learn from the episode:
- How John was influenced by his wife to become a Money Mammal, because they wanted their kids to be money smart
- Applying the concept of “emergent financial literacy” to spending, sharing, and saving
- The basic allowance rule: $1 per week, per year of age (Kids must have money to practice with!)
- Finding the balance between advising kids on purchases and giving them autonomy
- The BIG question: Should allowance be tied to chores? (Find out why John says NO!)
- The key in teaching kids about money is what lesson you want to teach them
- The concept of “breakthrough allowance,” when your child is older and becomes responsible for certain financial expenses
- The goal for kids is money empowerment, where kids control their money and money doesn’t control them!
- How to know WHEN to teach WHAT in progression
- Saving goals should be specific, measurable, attainable, relevant, and time-based
- How to teach awareness of investing and saving for college
- How to make adjustments to NOT pass on our money ignorance and money difficulties to our kids
- How a family of significant means can guard against raising spoiled kids
- How to teach visualization for kids to reach their financial goals
- The key to it all: Have an open dialogue with kids about money
Resources:
www.theartofallowance.com--Find out how to win one of three signed copies of John’s book!
The Opposite of Spoiled by Ron Lieber
Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.
278 حلقات
كل الحلقات
×
1 273: Prenups, Postnups, and Talking About Finances in Marriage with Kara Foster 32:15

1 272: Self-Sacrifice vs. Self-Honoring: Tools to Thrive in Mind, Body, and Finances with Beatriz Victoria Albina 44:14

1 271: Fast, Fair, and Fun: On Reporting (and Consuming) News, with Erica Mandy 31:28

1 270: ADHD and Money: How ADHD Impacts Your Finances with Dr. Stephanie Sarkis, PhD 39:55

1 269: The Power of a Beginner’s Mindset with Tonya Rapley 34:14

1 268: How Highly Sensitive, High Achievers Can Advocate for More with Melody Wilding 33:17

1 267: How to Find the Right Fit (and Most Funds) for College with Dr. Pamela Ellis, The Education Doctor 27:27

1 266: 2024 End-of-Year Routines to Make You Rich(er) 49:08

1 265: Permission to Be Rich: A Conversation of Possibilities with Cathy Heller 45:46

1 264: The Least Fun (and Most Necessary) Part of Building Wealth (7 Steps to Wealth, Step 7: Protect) 26:12

1 [BONUS] Pulse Check: The 2024 Election and Your Money 25:13

1 263: Let’s Talk About Prudent Investing (7 Steps to Wealth, Step 6: Invest) 48:26

1 262: Creating Possibilities–and More Money–in Your Life (7 Steps to Wealth, Step 5: Earn) 35:55

1 261: Your Invitation to Play the Game of Yes (7 Steps to Wealth, Step 4: Ask) 30:25

1 260: How You Talk About Money Matters (7 Steps to Wealth, Step 3: Speak) 36:25
مرحبًا بك في مشغل أف ام!
يقوم برنامج مشغل أف أم بمسح الويب للحصول على بودكاست عالية الجودة لتستمتع بها الآن. إنه أفضل تطبيق بودكاست ويعمل على أجهزة اندرويد والأيفون والويب. قم بالتسجيل لمزامنة الاشتراكات عبر الأجهزة.