On today’s episode of The His & Her Money Show, we talk with John Lanza from The Money Mammals about the power and practice of raising money-empowered and money-smart kids.
As John explained, many parents are scared or unwilling to talk about their kids about money. They might have had a bad relationship with money or don’t even know how to manage money, themselves.
But you can have the opportunity to learn and the power to change that today.
As a parent, even if you made (or are making) horrible mistake with money, you have the opportunity to learn basic money-smart choices and teach them to your kids.
John shares how you can do this using three basic core concepts and simple mental shift (along with a couple of hacks) to get your entire family back on track with money, whether they are two years old or 92.
Get in touch with John on Twitter.
What You Will Learn
- The importance of parents being proactive about teaching good money habits
- Why it’s important for parents to teach their kids early about money
- The difference between a spending mindset vs a saving mindset and how it impacts your children
- The 3 basic money skills that anyone can learn that will change your life
- How early should I teach my child about money?
- Building a framework for allowance
- Why adults have a hard time talking to their kids about money
- Being aware of the media’s impact on our spending habits
- Growing financial habits with your child as they get older
- Understanding the “allowance debate”
- Shifting your mindset from feeling guilty about money to empowered
Resources Mentioned
- The Money Mammals
- The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids
- Breakthrough Allowance Worksheet
Thanks For Listening!
Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below.
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Today’s show was sponsored by Crush My Mortgage. If you are ready to accelerate the process of paying off your home mortgage and become truly financially free once and for all then enroll in our brand new online course Crush My Mortgage.
