Financial Sobriety
Financial Sobriety
Episode 104: Teach Your Children Encore Series - Give a Sense of Direction. The Clarity Compass.
Episode 104: Teach Your Children Encore Series - Give a Sense of Direction. The Clarity Compass.
Episode 104: Teach Your Children Encore Series - Give a Sense of Direction. The Clarity Compass.
Tuesday 1st August 2023
Join Matthew and Jim as they teach kids financial clarity with the Clarity Compass and share tips for intentional spending.
28 minutes
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Empowering
Supportive
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Encouraging
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Financial Health in Recovery
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Get the buttons here!Guiding Kids to Financial Wisdom: The Clarity Compass in Action
Episode Overview
- The Clarity Compass helps connect core values with financial resources
- Introduction of the 10-10-10 principle to deal with impulse purchases
- Encouragement for parents to engage in financial exercises with their children
- Significance of shaping the next generation's approach to money management
- Teaser for the next episode on the blueprint and 'pay yourself first' concept
There are lots of things we want to have in life, but there are things we have to have, things that are completely essential to our survival. And that's what we're trying to drive down to with our children is to help them get complete clarity on what these three, four, five essential values are in their life.
Do you wish your kids had a better grasp on money matters? Matthew Grishman and Jim Gebhardt are back with another enriching episode of 'Financial Sobriety', focusing on teaching children about financial clarity. In this episode, they introduce the 'Clarity Compass', a tool designed to help kids align their core values with financial decisions. It's not just about saving or spending; it's about understanding why those choices matter.
Matthew and Jim dive into their personal stories and professional experiences, sharing how the Clarity Compass can open children's eyes to the bigger picture of money management. They also discuss the 10-10-10 principle, a simple yet effective method to curb impulse buying and make thoughtful financial choices. Imagine your child thinking ahead before making a purchase – sounds like a dream, right? But it doesn't stop there. This episode is packed with practical advice for parents too.
Matthew and Jim emphasize the importance of engaging in these financial exercises alongside your kids. It's about creating a shared learning experience that can shape your child's approach to money for years to come. And if you're eager for more, they hint at the next episode's topic: the blueprint for financial success and the concept of 'paying yourself first'.
Whether you're a parent looking to instill financial wisdom in your children or someone keen on better money habits, this episode offers valuable insights in a friendly, conversational tone. Tune in and take the first step towards nurturing a financially savvy next generation.