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Marriage Kids and Money: Personal Finance for Families

Teenage Money Management Tips (and How Parents Can Help) - with Ed Vargo

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9604 Ratings

🗓️ 23 November 2020

⏱️ 38 minutes

🧾️ Download transcript

Summary

Want to help your teen become money-savvy? Ed Vargo, a money expert and father to 5 daughters, knows first-hand how to navigate this difficult terrain.  He shares practical tips for parents in helping their teens have a healthy relationship with money. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors      Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

have the conversations, but maybe they may not go exactly as you had hoped, right?

0:06.6

I mean, if you're bad in 500, if half the time the conversation goes reasonably well, that's a win.

0:17.9

This show is dedicated to helping you, strengthen your family tree, and live financially free.

0:24.0

Welcome to the Marriage Kids and Money podcast, everybody.

0:26.2

This is Andy Hill, and today we're talking about how to teach your teen financial responsibility.

0:33.3

Now, this could be a tricky conversation to initiate for parents. That's why I've invited

0:39.0

certified financial planner Ed Vargo to help us out today. Ed is the creator of Enlighten Her,

0:45.9

a community devoted to money mentorship for women. The focus is on helping moms get clearer

0:52.9

and more confident around money so that they can

0:55.8

mentor the next generation to achieve financial equality and break the traditions that hold

1:02.9

women back. Ed's personal finance expertise has been featured in major media outlets like CNN Money,

1:10.1

CNBC, and Forbes. When Ed isn't helping women

1:14.6

achieve financial equality, he enjoys hiking and kayaking with his wife and five daughters. Welcome to

1:21.3

the show, Ed. Thank you, I, appreciate you having me. Absolutely. So, Ed, why are you so passionate about helping women achieve financial equality?

1:31.1

Yeah, I get that question a lot, you know, being a guy in the world of finance, why have I gravitated towards working with women?

1:37.9

And it's really born out of sort of my past and looking towards my future. So it started with my mom, and the history there was that my mom, unfortunately,

1:47.4

ran into some problems growing up, like my parents divorced when I was young.

1:51.9

And my mom was an immigrant from South Korea, never read the language, didn't write the language.

1:56.3

And so she had no financial mobility.

1:59.5

And so it really caused her to have to give up custody of us kids

2:03.3

when we were very young.

2:05.1

That's a pretty, I mean, probably as difficult a thing

...

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