Episode 48: Teaching Kids About Investing
If you’ve been talking with your kids about personal finance topics like saving, spending, and sticking to a budget, why not introduce the concept of investing, too? Parents are usually a child’s most powerful influence when it comes to money values, financial literacy, and financial decision-making. If you’re already talking with your kids about personal finance basics, consider giving them investing knowledge and lessons, too. There are many ways you could impart investing information, but it’s important to find a relatable way to teach kids complex topics – and one that will keep their attention, too. In this episode, […]
How to Raise Privileged Kids Who Never Catch ‘Affluenza’
Do you remember the 2015 news coverage of a Texas teenager caught fleeing the country to avoid the consequences he was facing after violating probation? During his drunken driving trial, a psychologist coined the term “affluenza” to refer to the impact financial privilege can have on a child’s ability to understand the impact of his or her actions. While this notorious defense didn’t hold water in court, the concept of wealth as ill-gotten, rather than hard-earned, has become more mainstream. While it may seem counterintuitive, being wealthy poses its own set of unique challenges when it comes to raising […]
