Financial Sobriety
Financial Sobriety
Episode 77: Teach Your Children - Struggle Is Good.
Episode 77: Teach Your Children - Struggle Is Good.
Episode 77: Teach Your Children - Struggle Is Good.
Tuesday 23rd August 2022
Matthew and Jim discuss the benefits of struggle in building resilience and teach parents how to instill healthy financial habits in their kids.
33 minutes
Inspiring
Informative
Empowering
Encouraging
Thought-provoking
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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!Teaching Kids the Value of Struggle: Insights from Financial Sobriety
And that's all because we've had the gift of struggle in our life, every bit of adversity.
Ever thought about how important it is for kids to face struggles? In this episode of Financial Sobriety, hosts Matthew Grishman and Jim Gebhardt dive into the often-overlooked benefits of letting children experience challenges. Drawing from their own personal stories, they highlight how struggle builds confidence and resilience, essential traits for long-term success. This episode is part of their 'Teach Your Children' series, focusing on equipping parents with tools to instill healthy financial habits in their kids.
Matthew and Jim share their own journeys through financial adversity, illustrating how these experiences shaped their ability to overcome obstacles. They argue that shielding children from hardship can actually hinder their development, leaving them unprepared for life's inevitable bumps. Instead, they advocate for teaching kids the value of discipline and self-investment. The hosts also discuss the critical role parents play in shaping their children's financial behaviors.
By modeling good habits like delayed gratification and responsible spending, parents can set a powerful example. Matthew and Jim stress the importance of teaching kids to prioritize saving and investing over immediate pleasures. Another key point in the episode is the danger of impulsive spending. The hosts share their own experiences with credit card debt, underscoring the importance of disciplined spending and the benefits of delayed gratification.
They also touch on the advantages of overfunding savings and emergency funds, emphasizing the security that comes from having a financial cushion. This episode is packed with practical advice and heartfelt stories, making it a must-listen for any parent looking to help their children develop strong financial habits. Tune in to learn how you can guide your kids towards financial sobriety and long-term stability.