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HerMoney with Jean Chatzky

Episode 8: Your Money, Your Kids. The Opposite Of Spoiled With Ron Lieber

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 31 May 2016

⏱️ 33 minutes

🧾️ Download transcript

Summary

Tell your children how much money you make! That’s what Ron Lieber, NYT best-selling author, personal finance columnist and father says to do if you want to raise kids who are grounded, giving and smart about money. Get paid for chores? No! Have a say in how the family gives to charity? Yes! We also talk about why expectations for girls are still different than those for boys and how to change that. In Mailbag, we talk about creating savings habits for life, and what to do if you have too many high interest credit cards. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an airwave media podcast. Her money is supported by Fidelity Investments.

0:13.0

Together we're here to empower, educate, and encourage women to start talking about money.

0:19.0

Discover more at fidelity.com slash, it's time.

0:23.2

Her money comes to you think about how you want to raise your kids you want them to be grounded and giving, you want them to be

0:46.3

intellectually curious, you want them to be kind, you want them to be the opposite

0:51.5

of spoiled, which just happens to be the title of the best selling book by Ron Leiber,

0:56.3

who's also the Your Money columnist for the New York Times.

1:00.0

He's got some personal experience in this area as well. He and his wife

1:04.7

Jody Cantor you may also know from the New York Times are raising two daughters.

1:09.7

Ron, thanks for being here. Thank you so much for having me.

1:13.4

So it's your first day back from paternity leave?

1:16.0

It is.

1:17.4

And, you know, before I bellyache about how I wish it was so much longer, I should say

1:21.5

how lucky I am to work for an employer that does offer paid

1:26.0

parental leave not just for the moms but for the dads too. So I got six weeks paid and then took a bunch of unpaid weeks to try and stretch it as long as I possibly could.

1:37.0

And your daughter is seven months old now?

1:39.0

Is that what you said?

1:40.0

Yes. Our youngest daughter, Violet, is seven months old now and our older daughter

1:43.7

Talia is ten. Congratulations. Thank you. Congratulations. So when you look at the

1:49.8

universe of parents, give us a grade. How are we doing when it comes to teaching our kids about money?

1:56.0

I'd give us a B-minous, which is an improvement over where our parents were, I think think not to cast too much shade on the people who raised us but I think we grew up at a time you know those of us who grew up in the 60s or 70s or 80s grew up at a time when talking

2:14.9

about money was impolite it was impolitic it was considered age inappropriate

...

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