Talking With Your Kids About Money – Episode 033

Kim Butler and Todd Strobel respond to a user question about when to talk about money with your children. Kim explains the benefits of starting early and brings up, The Opposite of Spoiled, by Ron Lieber in discussing allowances. Then, Todd breaks down a trend in millennial student debt and they look into alternative solutions to that debt. We all know money talks, but do we know how to talk about money? Find out on today’s episode of the Prosperity Podcast.

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Show Notes:

[0:00] Prologue

[0:19] Intro

[0:30] A User-Submitted Question

[0:50] What Age to Start?

[3:05] Ad Marketing to Young Children

[4:34] Exposing Kids to Household Finances

[7:26] Teaching Savings

[9:41] Setting Up a Family Business

[10:21] Changing Attitudes to Curb Trends

[11:56] Understanding Alternatives

[15:58] Involving Children When Family Finances Change

[18:04] Financial Planning Has Failed

[18:46] Outro