2841: An Open Letter to My Son About Money by Chelsea Brennan of Smart Money Mamas on Financial Advice

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 24 August 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2841: Chelsea Brennan shares heartfelt financial wisdom in her letter to her son, emphasizing the importance of self-sufficiency, smart money management, continuous learning, and integrity. Her advice encourages thoughtful spending, saving, and taking calculated risks, hoping to set a foundation for financial independence and happiness. Read along with the original article(s) here: https://smartmoneymamas.com/an-open-letter-to-my-son-about-money/ Quotes to ponder: "Know the core things that make you happy and don’t allow friends, media, or romantic interests to drive a lifestyle creep towards expenses you don’t value." "Resolve to go to bed each night a little smarter than you woke up and you’ll learn to work efficiently, productively, and profitably." "Debt makes you an indentured servant and digging yourself out of that hole will cause more stress than whatever enjoyment you get from that item you are purchasing." Episode references: Your Money or Your Life: https://www.amazon.com/Your-Money-Life-Transforming-Relationship/dp/0143115766 The Life-Changing Magic of Tidying Up: https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, an open letter to my son about money by Chelseabrenden of Smart MoneyMamas.com,
0:09.0	and I'm your host and personal finance enthusiasts, Diana Merriam. Now let's get right to today's
0:14.9	post and start optimizing your life. An open letter to my son about money by Chelsea Brennan of Smart Money Mamas.com
0:28.0	The Money Lessons I Hope You Learn Dear Fuss Fish,
0:34.0	This weekend you turned one.
0:36.0	I won't lie. I cried more than once on your birthday.
0:40.0	Time goes much too fast for me,
0:42.0	and your birthday party was one more reminder that you will be
0:45.8	grown before I know it.
0:47.9	We held a party for you at the house and while Daddy Fish and I intended to keep it small, the people who love you stretch far and wide,
0:56.0	and you had almost 40 people from seven different states celebrating you.
1:00.0	You got spoiled with many more presents than Daddy Fish and I would have liked, ate about
1:06.4	half a pound of frosting off your cake, and we got asked so many questions about things that
1:12.4	seem so far in the future that our heads started to spin.
1:16.5	Because I had just started a new website about Family Finance, what kept coming up was what we will try to teach you about money.
1:25.2	So here is what we're planning. If we do it right and I promise we will try our best,
1:30.9	reading this letter as a teenager or adult will just be a lot of eye rolling and yeah
1:36.5	dah mom. If we fail I hope this little bit helps even if it comes to you later than we intended.
1:44.0	Number one, be self-sufficient and be your own man.
1:49.0	Sometimes it can feel like we are cattle, especially when it comes to money.
1:53.0	Go to school, get good grades, go to college, get a job, work for 30 years, and retire.
2:00.0	While this might be the perfect path for some people, it doesn't have to be for you.
	...

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