3 Money Mistakes Parents Make That Cripple Their Kids' Future | Anthony O'Neal EP 891

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 893 Ratings

🗓️ 14 February 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

"We got to stop teaching our kids that the only way to be successful financially is to have a high credit score." - Anthony O'Neal Financial expert Anthony O'Neal challenges conventional parenting wisdom around money, drawing from his extensive experience helping families build generational wealth. He reveals how common practices like paying children for basic chores and pushing them toward prestigious universities can actually handicap their financial future. Through candid conversation, O'Neal shares how parents unknowingly create entitled mindsets when they reward children simply for existing rather than teaching them the true value of work and service to others. O'Neal's refreshing perspective debunks long-held myths about success, including the obsession with credit scores and prestigious degrees. He advocates for a more practical approach to financial education, citing real-world examples of trade school graduates earning six-figure incomes while enjoying work-life balance. His message resonates particularly with parents seeking to raise self-sufficient children in today's social media-driven world, where flashy displays of wealth often overshadow genuine financial wisdom.

Transcript

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0:00.0	There are two big things happening at one time that I've never done before.
0:04.5	I'm going on a book tour for my new book, Make Money Easy, and I'm doing a podcast tour at the same time.
0:12.0	It is going to be big, and I'm going to seven cities in 10 days.
0:17.0	Get your friends, get your family, bring everyone you know to these cities. I'm coming to
0:22.3	Austin, Texas, New York, Boston, we're going to Nashville, then we're going to Los Angeles,
0:28.9	San Diego, and San Francisco. Make sure to get your tickets right now. Go to Lewishouse.com
0:34.1	slash tour. Again, bring everyone you know if you're looking to create more financial freedom and abundance
0:39.7	to your life.
0:40.4	And you want to see a massive guest live on the School of Greatness Show.
0:45.1	Get your tickets.
0:46.1	I can't wait to see you there.
0:47.9	Hi, my name is Lewis Howes.
0:49.4	And welcome to the Daily Motivation Show.
1:00.1	Music Welcome to the Daily Motivation Show. What would you say are the three biggest conversation mistakes that parents teach their kids around money in general?
1:08.4	Or three things that they don't teach they should be teaching
1:11.2	what are they saying that's maybe not the best thing they should say right you know
1:17.9	you had your experience but what are other people saying that you're hearing
1:20.6	number one thing is chores you know like we're gonna pay you and give an
1:25.1	allowance for just being my son. That's good or bad?
1:27.7	That's bad.
1:28.4	Okay.
1:28.9	No, no.
	...

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