Kids & Money Start Small, Start Now and Learn Together #kidsandmoney #fire #financialfreedom

The sooner we start talking with our kids about money the better. When they are comfortable talking about money, they are more likely to continue talking with us about it when they make mistakes as adults.

“You don’t have to be, like you said, a financial expert to have financially savvy kids.” @DrReneeBaker

In this episode of FI for Kids, host Dominic DeLaquil speaks with Dr. Renée Baker about the importance of financial literacy for children. They discuss Dr. Baker's early experiences with money, the lessons she learned from her family, and how she has applied those lessons in raising her three daughters. The conversation emphasizes the need for open discussions about money, the balance between discipline and dreaming, and the ripple effect of teaching financial values to the next generation. Dr. Baker shares practical strategies, such as 'Finance Fridays,' to instill financial awareness and responsibility in her children, highlighting the significance of aligning financial decisions with personal values. In this conversation, Dr. Renée Baker and Dominic DeLaquil discuss the importance of teaching children about money, the concept of an 'unleashed life', and the significance of giving back to the community. They emphasize that financial literacy can start at home with simple conversations and that parents don't need to be financial experts to guide their children. The discussion also touches on the personal nature of financial journeys and the creative aspects of entrepreneurship, encouraging individuals to pursue their unique paths while contributing to society.
Takeaways

Early money lessons shape our understanding of finance.
Money discussions should be normalized in families.
Discipline in money management is crucial for financial success.
Dreaming big is important, but must be balanced with discipline.
Teaching kids about money can prevent a scarcity mindset.
Financial education is about identity, not just numbers.
Mistakes in financial decisions are learning opportunities.
Open conversations about money foster confidence and awareness.
Aligning financial choices with values leads to fulfillment.
The ripple effect of financial literacy can impact future generations. Start the conversation about money early with your kids.
You don't need to be a financial expert to teach kids about money.
Living an unleashed life means shedding limitations and expectations.
Financial journeys are personal and unique to each individual.
Giving back to the community is a vital part of financial independence.
Teaching kids about money can start with simple transactions.
Abundance is about having what matters most to you.
Ask your kids questions to engage them in financial discussions.
There is no one-size-fits-all approach to financial success.
Consistency in teaching kids about money is key.

Видео Kids & Money Start Small, Start Now and Learn Together #kidsandmoney #fire #financialfreedom канала FI For Kids