Raising Financially Responsible Kids
The Dad Edge Podcast
Larry Hagner
4.8 • 1.6K Ratings
🗓️ 23 May 2019
⏱️ 34 minutes
🧾️ Download transcript
Summary
Money is a generational issue. Most of us weren't taught it, our parents weren't taught it, and our grandparents weren't taught it. Unless we break the pattern, our kids will have the same issues, overspending on credit cards and not investing enough to provide a secure future.
What lessons are you teaching your kids about money?
What about personal accountability, savings, and investing?
How do they see you spend money?
There is a balance between money management and enjoying life. We don't have to teach a scarcity mindset for our kids to be money smart.
Today we talk to a special guest who tells us his dad's approach to raising financially responsible kids and how it made him leagues ahead of his peers of the same age.
For the show notes and exclusive links mentioned in this episode go to gooddadproject.com/thursday159.
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Transcript
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| 0:00.0 | We are men. We are warriors. We are dads. Dads with a purpose. Dads with an edge. |
| 0:10.0 | We sharpen our skills so we can show up best for others. |
| 0:14.0 | We have one shot in life to be a dad. |
| 0:20.0 | Why not make it epic? |
| 0:28.0 | Hey, what's up guys? Hey, what's up guys? |
| 0:30.0 | Welcome to Thursday Throwdown. |
| 0:32.0 | I'm Larry Hagner. I am your host and founder of the |
| 0:34.6 | Dad Edge Podcast. Hope you guys are having a great weekend. I know you're getting |
| 0:39.2 | excited for a killer weekend. We are just about ready to wrap up May. I can't believe 2019 is literally |
| 0:47.2 | almost halfway over. My question for you guys this particular Thursday is what lessons are you teaching your |
| 0:56.6 | kids about money? |
| 0:59.5 | Are you teaching kids, your kids, to manage their money? Are you teaching them maybe the power of money |
| 1:08.8 | money management, personal accountability, managing their bills, |
| 1:13.5 | are they responsible for paying for things |
| 1:15.8 | when you guys are out in public together? |
| 1:19.4 | How do they see you spending money? |
| 1:21.2 | Do they see you only spending money on a credit card? Do they see you turn over hard-earned cash? Like, what are they watching? |
| 1:28.0 | What do they see you do? What do they see us do? This has become a topic that is so important to us as men, fathers, family, finances. |
| 1:39.6 | It can literally just wreak havoc on our lives. |
| 1:43.8 | And if you look at this issue, |
| 1:46.0 | this is seriously generational. |
| 1:48.2 | It's a generational issue. |
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