5 • 706 Ratings
🗓️ 16 August 2022
⏱️ 25 minutes
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| 0:00.0 | Discover the tips and strategies that will help you achieve your retirement goals. |
| 0:09.3 | I'm your host, James Canole, and this is the podcast dedicated to helping you retire well. |
| 0:14.4 | It all starts right here on Ready for Retirement. for retirement. |
| 0:29.0 | Hi, everyone and welcome back to another episode of Ready for Retirement. |
| 0:30.2 | I'm your host, James Cannell. |
| 0:33.2 | Today's episode isn't really about your money. |
| 0:40.0 | It's about how do you teach kids and even potentially grandkids about the lessons of money so often i hear people say that legacy is important to them but legacy is not just something that they leave |
| 0:44.2 | monetarily when they die legacy is the experiences and lessons that they have and teach to their |
| 0:50.7 | family while they are still here so this question or this topic is really going to |
| 0:55.4 | touch upon just that. How can you most effectively teach kids and even grandkids about money, |
| 1:01.1 | especially when money and long-term savings is probably the last thing on their mind? |
| 1:05.6 | So this topic is based upon a listener question and it comes from David. David, how are you? |
| 1:10.2 | Thank you for the question. David says, James, we truly enjoy your YouTube videos and podcast about saving for retirement. |
| 1:16.4 | We have seven grandkids, ages 17, 8, 10, 11, 13, and 14 years of age. Fortunately, they are good |
| 1:24.0 | students and receptive learning. And although I attempt to educate them about the dynamics of investing, I don't think I'm taking the correct approach in doing so. |
| 1:31.3 | I would like to take time to introduce them to the investment world. |
| 1:34.3 | Do you have any ideas on how to do so? |
| 1:37.3 | Very good question, David. |
| 1:39.3 | And as I mentioned, this is something that's very important. |
| 1:42.3 | Chances are good if you're listening to this, |
| 1:44.3 | maybe you've saved well and invested well and have learned a lot of important lessons along |
| 1:47.8 | the way. And more than just passing on finances to children in the next generation, |
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