Financial Sobriety
Financial Sobriety
Episode 107: Teach Your Children Encore Series: Struggle Is Good
Episode 107: Teach Your Children Encore Series: Struggle Is Good
Episode 107: Teach Your Children Encore Series: Struggle Is Good
Tuesday 22nd August 2023
Learn how to teach kids financial responsibility and resilience with practical tips from Matthew and Jim in this 'Financial Sobriety' episode.
33 minutes
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Financial Health in Recovery
Sobriety Toolkit
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Body & Mind
Parenting & Children
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Get the buttons here!Raising Financially Savvy Kids: The Power of Struggle and Savings
Episode Overview
- Emphasizing the transformative power of financial preparedness and resilience
- Highlighting the spillover effects of financial preparedness on overall well-being
- Stressing the importance of leading by example and automating savings to instill healthy financial habits in children
- Discussing practical strategies for creating 'pay yourself first' buckets, including investing in oneself and building a rainy day fund
- Emphasizing the imperative role of teaching children to pay themselves first and the value of struggle
The best way to teach your children how to pay themselves first is to do it yourself. You have to lead them with your actions and show them.
Ever thought about how to teach your kids the real value of money and resilience? In this episode of 'Financial Sobriety', hosts Matthew Grishman and Jim Gebhardt dive into the art of instilling financial responsibility in children. They don't just talk numbers; they share heartfelt stories about their own parenting journeys, making it relatable and engaging.
The episode is part of their 'Teach Your Children' series, focusing on the importance of struggle and how it builds resilience and confidence in young minds. Matthew and Jim discuss practical ways to teach kids to 'pay themselves first', emphasizing the importance of saving and investing in themselves. They also explore how these habits can spill over into other areas of life, boosting overall well-being.
With a mix of personal anecdotes and actionable advice, this episode is a treasure trove for parents looking to set their kids on a path to financial independence. It's not just about money; it's about preparing them for life's ups and downs.