Manage episode 336957242 series 2804799
We hope to prepare our kids for all of life’s challenges: staying healthy, maintaining relationships, and of course, managing money! The last thing we want is for our adult children to run home to us, bankrupt and ready to live in our basement. We hope that they’ll make wise financial decisions, fund their own lives and maybe even have enough to start families of their own someday!
But money management isn’t something that's typically taught in schools…and there’s no script for how parents should teach it either! Parents have bickered for ages about the best way to set kids up for financial success. Should kids be getting allowances, credit cards and bank accounts? Is it wise for them to get a job while they’re still in school, or should they simply focus on their education?
To give us some perspective from the other side, we’re talking to Erik Huberman, successful entrepreneur and author of The Hawke Method: The Three Principles of Marketing that Made Over 3,000 Brands Soar. Erik is the CEO and founder of Hawke Media, a marketing agency that has worked with over 3,000 different brands! He’s here to share some brilliant ideas about how we can teach young folks the ins and outs of financial responsibility.
In our interview, we’re debating whether or not teens should follow their passion or pick a more responsible path. We’re also discussing how we can prepare kids for the brutal financial realities of life, and why we need to encourage teens’ to think critically about social media marketing...