5 Strategies for Raising Financially Smart Children
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 24 April 2019
⏱️ 14 minutes
🧾️ Download transcript
Summary
Learn 5 strategies to raise financially smart children.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 555. If y'all know what I mean put your hands up and declare with me |
| 0:13.7 | Yeah, I'm full of faith I'm gonna live a good life I'm gonna live the good life |
| 0:21.1 | and beautiful and glorious life Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.3 | be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor. |
| 0:41.0 | Empowering Women and men worldwide to financial freedom. |
| 0:45.0 | On today's show we're going to talk about five strategies for raising financially smart children. |
| 0:52.0 | And I haven't really talked a lot about this but I thought it would be fun to review |
| 0:56.0 | this article that I found on CNBC that went through these five strategies and made a lot of |
| 1:02.2 | sense to me. This article was written by Jill |
| 1:05.5 | Cornfield and it's called Make Sure Your Kids Grow Up Smart about Money with these strategies. There's a couple of bullet points and the first one is |
| 1:15.1 | family life requires some money but with a twist. You've got to keep different |
| 1:19.7 | timelines and goals in mind and most parents want their kids to learn some money skills. |
| 1:25.0 | And the second key point is smart families share their best strategies for teaching |
| 1:30.0 | their kids, whether they're three or 13, how to handle their own finances. |
| 1:35.0 | And the article says, money is big and it's all around us. |
| 1:40.0 | Adults who have learned from experience about irresistible sales pitches can find it hard to make good financial decisions. |
| 1:47.0 | Imagine what it's like for a wide-eyed 8-year-old to confront a dizzying array of choices. |
| 1:52.6 | We know what can happen in the future if we don't save. |
| 1:56.3 | Is it reasonable to expect a first grader |
| 1:58.6 | to understand the future consequence of present decisions? In fact, you can teach kids to understand money |
| 2:05.1 | whether they're three or 13 and who better than you to deliver those lessons? |
... |
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