ITL158: Can You Still Parent Your Kids Well Without Having Much Money?
In the Loop with Andy Andrews
Matt Lempert
4.9 • 614 Ratings
🗓️ 8 November 2014
⏱️ 25 minutes
🧾️ Download transcript
Summary
On this week’s episode, I discuss money and the influence it should have on your parenting style.
How does the amount of money you have (or don’t have) affect your parenting style?
- Obviously both can create issues and both have to do with the thinking of the parents.
- If you have more money, there are more places you can go or vacation, but that stuff isn’t necessary under the umbrella of “parenting.”
- Our goal is to raise kids who become great adults.
- I’ve seen situations where having a lot of money created more problems with kids than situations where money was scarce.
Austin just turned 15, and he was aware at 10 years old that he would be buying his own car.
- I’ve talked with him a lot about why it is important for him.
- He understands that we are after him having an awesome adult life.
For a child to become a great adult, it’s easier to reach your potential if you have the confidence that you are capable of doing things yourself.
- That will give you some pride (not in the egotistical way).
- And generally, if you buy a car yourself, you take better care of it.
As far as parenting, I really believe that our quality time, and even our gifts, do NOT have to be about having money.
- I urge you to find something that your kids love to do, that you can not only do with them, but it’s also something that causes you to wait.
- If you can somehow get them interested in the woods and the water, that will bring a lot of opportunities to sit.
- It teaches us to be patient and that we don’t always catch something, but we can always have an awesome time. Catching something is just a bonus.
- The last thing about this is you want to have time with your children that they can sit and think of questions to ask you and you can sit and think about your answers. That doesn’t come in any other setting.
Questions for Listeners
Do you have a question? Call in and your question might be featured on the show!
- Phone: 1-800-726-ANDY
- E-Mail: InTheLoop@AndyAndrews.com
- Facebook.com/AndyAndrews
- Twitter.com/AndyAndrews
Transcript
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| 0:00.0 | You're listening to In the Loop, a unique opportunity to see life from a different perspective |
| 0:06.5 | with New York Times bestselling author, Andy Andrews. |
| 0:10.4 | Now here's your host, David Loy. |
| 0:13.1 | Hi and welcome to In the Loop with Andy Andrews. |
| 0:16.2 | I'm your host, David Loy. |
| 0:18.7 | And that is... |
| 0:19.6 | That's my ice. |
| 0:20.5 | That was your ice. Yes, you've got a large glass of water. We're sitting across the table from each other again today. I was just being my eighth grade self, because right before I started, David gave me a look like, please stop rattling your eyes. I'm about to start this. This is serious. Yes, it is. David is so serious. Very serious. Oh, my gosh. So let me just say again. There you go ahead. Yes. So if you hear that, Andy's taking a drink, you know, he's getting hydrated, keeping that throat clear for all this wisdom you're about to pour out. Is that right? Yeah. Yeah. |
| 0:55.1 | Drinking out of an Alabama national champions glass. Yeah, well, that might be the only |
| 1:01.3 | championship you guys are having in the near future. Uh, excuse me? I'm not even sure you're |
| 1:06.9 | going to make the playoff. I got to be, I got to be honest with you. I think you're, uh, |
| 1:16.6 | you might be in trouble this next weekend. Well, okay, we'll see. All right, we'll follow up on that here in a few weeks. Hey, you and I just got back. We were honored to be with Dave Ramsey and his |
| 1:22.2 | team at the Smart Conference in Los Angeles. Yep, just recently. That was so good. I love being with those people. |
| 1:29.2 | I mean, it didn't matter to me if there had been 7,000 people there or not. |
| 1:33.7 | I mean, I knew some of the people in the crowd and I appreciated them. |
| 1:38.9 | And I love doing that with him. |
| 1:41.0 | But I'm just saying, truly, I could go. |
| 1:43.8 | I could go to the holiday |
| 1:45.6 | end with Dave Ramsey and Rachel and Meg Meeker and Henry Cloud and Emerson, Egerich, and Joy. |
| 1:54.2 | And, man, I really, really like those people. |
| 1:57.8 | It's just an all-star lineup. |
| 1:59.4 | Dave's team did an amazing job, and you're |
... |
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