Even if your children aren’t set to receive an inheritance, they must be educated about money if you want to increase their chances of becoming a financially successful adult.
In this episode, I describe nine strategies parents can use to help kids understand how to get the most value out of their money.
Click here to Download Your FREE “3 Steps” to Plan an Epic Retirement Worksheet: https://www.trunorthwealth.com/newsletter-signup
What’s included: 3 Steps to Planning an EPIC Retirement
Step 1: How will You Spend Your Time?
Step 2: Identify Your Income & Expenses
Step 3: Putting it all Together
Connect with Danette Lowe, CFP®
https://linktr.ee/trunorthwealth
Visit Our Website: https://www.TruNorthWealth.com
Episode Summary:
1. Decision making: Give them a specific amount of money and allow them to decide how they will spend it. You can implement this for allowances or special occasions like a trip to a theme park.
2. Skin in the game: We don’t value the things we get for free as muc
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