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ManTalks Podcast

Four Finance Lessons I Wish I'd Learned Earlier

ManTalks Podcast

Connor Beaton

Relationships, Education, Society & Culture, Self-improvement, Health & Fitness, Mental Health

4.8591 Ratings

🗓️ 27 October 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

I was chatting with a friend and he asked me: what am I going to teach my son about money? Big question. Because when I was kid, I wasn't taught very much, and the lessons I DID learn didn't work out too well. So after reflecting, here are four lessons I wish I'd learned a long time ago—one's I'll definitely be teaching my son. Did you enjoy the podcast? If so, please leave us a review on Apple Podcasts, Stitcher, or Podchaser. It helps us get into the ears of new listeners, expand the ManTalks Community, and help others find the self-leadership they’re looking for. Are you looking to find purpose, navigate transition, or fix your relationships, all with a powerful group of men from around the world? Check out The Alliance and join me today.  Check out our Facebook Page or the Men's community. Subscribe on Apple Podcasts | Google Podcasts  | Spotify For more episodes visit us at ManTalks.com | Facebook | Instagram | Twitter    See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

All right, man, welcome back. Today we're going to be talking about the four financial lessons that I think all men should learn in their 20s.

0:06.8

Recently, I had a friend of mine ask me what I was going to teach my son about finances because my boy is almost two years old.

0:14.4

And we've just been having a lot of conversations with the men in my life because a couple of them have kids.

0:19.0

You know, what are we going to teach them about drugs and women and finances and the world and how do we impart some of the knowledge and the

0:27.2

wisdom that we've gained throughout our lives? How do we teach them these things? And so this

0:31.6

question about finances came up and I realized that I had been taught almost nothing as a child

0:37.1

about financial independence.

0:39.7

And I've learned a lot over the years. I've learned a tremendous amount. I at one point was very

0:44.9

broke and very, very, very in debt, like 100K worth of debt. And, you know, I've been fortunate

0:51.6

enough to earn a good amount of money, whether that was at my time

0:55.9

working for Apple or in my own company, in my own business now that employs a number of people

1:00.7

and pay salaries and et cetera, et cetera. And so it got me thinking about what do we as men need to know

1:08.5

and how do we create a sense of financial independence? And the first thing

1:14.0

that I that I sort of realize is that, and this is more of a comment, and it's not the four pillars,

1:19.1

the first thing I sort of realize is that our structure, our system isn't really designed to teach

1:26.1

you as a man how to be financially successful.

1:29.1

You know, if you look at the education system, it teaches you almost nothing about

1:33.3

economics, about personal finances, about taxes outside of the fact that they just exist.

1:40.9

They don't teach you how to be successful with them in any way, shape, or form.

1:45.2

And so I realized that in many different ways, it is our responsibility to learn these things.

1:51.4

You know, if we haven't been taught them, myself, this was really something that I struggled with

1:56.4

because I didn't feel proficient with finances, I just avoided them all together, right?

...

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