The Problems Created By Not Talking To Your Kids About Money - DTS Ep. 120

How do you navigate the tricky waters of talking money with your family? Today, we promise you'll gain insight into normalizing these vital conversations, making them less daunting and more productive. We explore why financial discussions with children and family members can be so challenging and the harmful effects of avoiding these conversations. Through real-life examples, we'll show you how to turn these difficult discussions into opportunities for fostering financial wisdom and preparedness.

Imagine teaching your kids about money and values in a way that sticks with them for life. Inspired by the likes of Steve Jobs, we emphasize the importance of understanding the value behind money rather than just focusing on its accumulation. This episode covers the parental responsibility of imparting financial wisdom and the risks involved when this education is left to unreliable sources. Even if these conversations haven't started early, we'll equip you with strategies to overcome these challenges and ensure your children grow up financially literate and accountable.

And it doesn't end there—practical advice is at your fingertips! Learn how to initiate money conversations with your kids, regardless of your financial background. We provide fun exercises like budgeting during shopping trips and discuss future salaries during college visits. We'll also talk about distinguishing between needs and wants in financial planning, and the importance of having a unified approach with your spouse. Turn everyday moments into teachable ones and build a financially responsible family prepared for future success.

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Looking for additional content that can help you get the most from your life? Check out Unleashing Leadership with Travis Maus, premium bonus content from Ditch the Suits Fans, at https://unleashingleadership.buzzsprout.com/

Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com

Ditch the Suits is produced by NQR Media. NQR also produces the One Big Thing Podcast with Steve Campbell.

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