Raising Economically Savvy Kids in Today's World

Living Your Success (24/7)

Embark on a journey to financial enlightenment with me, Michael Kane, as we navigate the crucial seas of financial literacy for our young ones on "Living Your Success." Remember when piggy banks and lemonade stands were our first taste of economics? We're taking it several notches higher, as I lay down the blueprint of incorporating money matters into everyday family dialogue, just as it was in my upbringing. From discerning the delicate line between necessities and luxuries to the intricacies of managing savings and expenditures, I share how these formative financial lessons carved my path to monetary proficiency—and how I'm charting the same course for my children.
This episode isn't just about counting pennies; it's about striking that fine balance between savoring life's moments and securing one's financial future. I dissect the interplay between career choices, education, and their impact on our wallets, all while shedding light on the oft-overlooked connection between our health and financial well-being. We'll also discuss the traps of splurging on short-lived assets and how to conduct effective family financial check-ups that steer clear of complexity. Embrace the power of self-education as we discuss tapping into community resources over blindly following financial gurus. Tune in to empower the next generation with the wisdom to build a financially sound tomorrow.

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Chapters

1. Teaching Children Financial Literacy (00:00:00)

2. Teaching Children Financial Wisdom (00:17:56)