3034: How to Teach Kids Where Money Comes From by Kalen Bruce of Freedom Sprout

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 9 February 2025

⏱️ 12 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 3034: Kalen Bruce breaks down the five ways money is earned, helping parents teach kids financial responsibility. Money comes from work, ideas, investments, generosity, and luck - each playing a role in shaping financial habits. By understanding these sources, children can develop a strong work ethic, creativity, and a sense of stewardship over their finances. Read along with the original article(s) here: https://freedomsprout.com/where-money-comes-from/ Quotes to ponder: "Before kids understand any other place money comes from, they need to know it comes from work." "Ideas themselves don’t produce money, but kids need to know that ideas can definitely lead to money." "Kids need to know where money comes from as early on as possible. Once they understand it’s something that is worked for and created, they can start to develop their own ideas for how they’ll acquire money." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.6	This is Optimal Finance Daily. How to teach kids where money comes from. It comes from five places.
0:40.6	By Kalyn Bruce of FreedomSprout.com.
0:44.9	And I'm your host and personal finance enthusiast, Diana Merriam.
0:48.4	Welcome back to another bonus Sunday episode,
0:52.2	where we can hear a little more content to optimize our lives. An extra episode from one of our other shows in our podcast
0:56.1	network where we read articles to you. And today's comes from Optimal Relationships Daily.
1:02.6	If you enjoy it, you can follow or subscribe to Optimal Relationships Daily wherever you get your
1:08.1	podcasts. So with that, here's Greg from Optimal Relationships
1:12.8	Daily as we optimize your life.
1:19.1	How to Teach Kids Where Money Comes From by Kaylin Bruce of Freedom Sprout.com.
1:26.3	Money doesn't grow on trees is a saying, dating back to the 1800s.
1:31.5	We all understand the meaning as,
1:33.5	you don't just get money without working for it,
1:35.8	and we use it to teach this to our kids.
1:38.7	The only issue is, this phrase doesn't explain where money comes from.
1:42.5	It only explains where it doesn't come from. It doesn't help to tell your kids how something doesn't explain where money comes from. It only explains where it doesn't come from.
1:45.4	It doesn't help to tell your kids how something doesn't work, unless you tell them how it does
	...

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