May 1, 2025 • 17 mins
Do you ever walk into Target for one thing… and walk out with ten? 🙋♀️ You’re not alone—and today we’re getting honest about what justified spending is doing to our wallets and our kids.
In this episode, we’re diving into the uncomfortable but critical conversation around financial entitlement—and how even our best intentions as parents can accidentally blur the lines between wants and needs. I share a real-life Target trip, the truth behind our Christmas overspending, and the mindset shift from guilt-based giving to legacy-based modeling.
You’ll learn:
- Why "justified" spending often leads to instant gratification—and debt
- How overspending on our kids can fuel entitlement, not empowerment
- The difference between modeling generosity and modeling stewardship
- 3 simple ways to start teaching your kids dignity, patience, and financial literacy—starting today
🎯 Plus, I’ll challenge you to reflect on your last 3 purchases for your child: were they intentional… or just convenient?
📥 Grab your free "7 Steps to Set Your Kids Up for Financial Success"
Because your kids aren’t just watching what you say—they're watching what you spend.
Learn more about working with Laura Sexton
. Join the Facebook group Legacy Builders Network.
· Become a master with your money. Learn more here!
· Checkout the resource library here!
Want to ask a question Laura can answer on the podcast? Connect with her here!
Want to receive a live money or career audit? Apply Here
Send an email to Laura@AccelerateYourLegacy.com or send a DM on Instagram @accelerateyourlegacy
Elevate your coaching with daily devotionals and prayers from 'Seasoned with Salt.' Get your copy HERE!
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Laura (00:02):
hello and welcome to money and career mastery from
overwhelmed to ownership.
I'm Laura Sexton, your abundanceand legacy coach here to help
you navigate the world of money,debt payoff, and career growth
with confidence and clarity.
In this podcast, we'll tacklethe financial and career
challenges, holding you back,optimize your income and build
(00:22):
the freedom that comes with trueownership.
If you're ready to break freefrom overwhelm, create a budget
that aligns with your values anddesign a legacy that empowers
future generations.
You're in the right place.
Audio Only - All Participan (00:36):
Hey accelerators, I hope you are
having an absolutely lovely day,and today I'm here to talk to
you about entitlement.
This is not something that weenjoy talking about, but it's
something that we need to talkabout because our kids are on
the line and when it comes toour kids, we don't wanna
accidentally mess'em up.
That means we have to beintentional.
(00:57):
We are intentional witheverything, including our money.
So I wanted to tell you about alittle trip I took to Target
this week where I went with myhusband and my best friend and
our two youngest daughters,express purpose of buying things
for Easter, as well as buying aswimsuit for my oldest daughter
(01:20):
and maybe one for me, andalready you can tell that the
item creep.
Was real.
We went in knowing we were goingto buy a couple of things, and
then we got sidetracked by thetoy section, which is hard.
(01:41):
It's hard not to get sidetrackedby the toy section when you have
a 2-year-old with you we gotstuck there for a few minutes,
and then there are the scootersand the workout equipment and
the books.
And if you've ever been toTarget or Walmart or you know, a
store, you know what it's liketo get sidetracked by the little
(02:01):
things.
The first thing we did was wewalked into the dollar spot and
we started picking up thingsthat are on sale in that area
because they didn't sell before.
So we had a problem.
We wanted to buy more than wehad planned, and when my
daughter's looking at things andasking for things, and I'm
(02:23):
seeing things that I wouldn'thave thought about needing
before I get into justifiedspending.
Now justified spending is prettymuch what it sounds like.
You start justifying the thingsthat you wanna spend money on.
I'm buying this because I needthis, because if you have to
(02:44):
start justifying it, you don'tneed it.
I'm trying to get to some realworld examples of what this
looks like on an actual everydaybasis.
And one of the things that I'mthinking about is Christmas.
So when it came to Christmastime, my husband and I had
agreed we were only going to buythree gifts each, or three gifts
(03:05):
for each of our children.
So each of our children wouldget three gifts.
That was the plan.
They got 10.
Is what it ended up being.
So we bought three for each ofthem.
And then there's one other thingthat we found for one of the
kids.
So you have to get something forall of the kids because they
have to have the same number ofgifts.
And then grandma boughtsomething and then Nana bought
(03:28):
something and then Lola boughtsomething.
Then Uncle Mark bought themsomething and then, you know,
then we're getting stuff fromother relatives.
I'm just like, oh my.
Atlanta, why are we doing thisto ourselves?
And then you have to put stuffin the stocking and it just, it
tumbled outta hand andeventually they ended up with 10
(03:50):
gifts.
Once you start justifyingthings, it can get a little
outta hand.
We gotta be careful.
What does this have to do withour children?
Because I, you can see what ithas to do with you and how it
affects you and your spendingand the issues with your
pocketbook, right?
Me buying 10 gifts for my kids,that definitely affects me.
(04:12):
How does it affect them?
The first thing justifiedspending for your kids can lead
to a long-term financialentitlement.
Hmm.
Okay.
So what do I mean?
Justified spending will blur thelines between needs and wants
for both the parent and thechild.
I did not need to buy each of mykids a gift, so they had the
(04:35):
same number of presents underthe tree.
That's a tad bit irrational.
If we sit down to think aboutit, like, what if I bought one
of them a car and then the otherone got a bicycle?
They get the same number ofgifts, but they're not equal.
it's not fair.
So why?
Why is the same number soimportant?
(04:56):
I don't know, but it felt likeit was necessary.
And when we're blurring thelines, especially with our
children, between needs andwants, if I'm constantly
justifying, I'm turning a wantinto a need, by justifying it,
by making an excuse for it, I amturning it from this would be
nice to have to a necessity anddoing that.
(05:21):
Leads me to the possibility ofmore and more bad choices.
Financially.
I don't wanna make bad choicesfinancially.
I wanna make really good choicesfinancially.
I wanna make sure that thechoices I'm making are good for
me in the long haul.
And the best way to do that isto not.
Make those decisions in themoment, but to give myself
space, to make decisions, tomake decisions ahead of time.
(05:43):
When I'm in a good brain space,when I'm not in the heat of the
moment in the store, likelooking at the thing at that
moment and then trying tojustify it, if I start to
justify it, I have to walk awaybecause this justified spinning,
it normalizes instantgratification.
And normalizing instantgratification for our children
(06:04):
sets them up for really badlong-term habits.
I don't want my children to everbe in a situation where they
think I want that.
I can justify it and therefore Ican put it on a credit card.
That's the last thing I want formy children.
I never want them to be in aposition where they think they
can justify spending to thepoint where they start going
(06:26):
into debt for things.
But if they're in a state ofinstant gratification as a
child, what do I think they'regonna be when they're 20 and
their frontal lobe hasn't?
Fully developed, and yet theyhave access to credit to debt.
I don't want that for them.
(06:47):
I really don't want that forthem because instant
gratification means swipe it ona card, worry about it later.
I don't want that for mychildren.
So justified spending is what itis, and it can definitely lead
to some problems.
But we need to shift ourmindset, right?
We need to shift our mindsetfrom this.
(07:08):
Almost guilt based giving to ourchildren.
Like the thought there is I wantmy kids to have more than I had,
so I'm willing to give upanything for myself to give them
more, more and more.
I, and it sounds good.
I want my kids to have more thanI had, so I'm willing to give
them extra.
I'm willing to work really hardto give extra to them.
(07:30):
But the truth of the matter isthey don't need.
I'm thinking about, there's oneepisode of Boy Meets World where
Corey, is yelling at his dad,Alan, or he is the main boy in
boy meets world, and he'syelling at his dad and he's
like, why didn't you ever wantme to be more, you never pushed
me to be more, all I am isaverage.
(07:55):
And the dad goes, when I wasgrowing up, all I wanted was to
be average.
He grew up, his dad was aworking class guy and was
constantly struggling, and Alanaspired to make it up to
average, and he looks at hisson.
He says, well, if my son looksdown on average, I guess I've
(08:21):
done my job.
And it's really interestingbecause growing up I thought
that the Matthews, the familythat this show centers around, I
thought they were incrediblywealthy and I aspired to have
what they had and I didn'tunderstand why Corey didn't want
what his family had.
But you look at it and you'relike, oh my family, I wanna do
(08:44):
better for my kids than myfamily did for me.
It's a terrible thing to think.
I mean, yes, I want more for mykids.
I want them to have everythingpossible for them in life.
But you know what I want mostfor my kids?
I want them to have dignity.
I want them to have work ethic.
I want them to be proud of wherethey came from, and I want them
(09:06):
to want more for their kids too.
They're gonna need some room togrow.
So how do we shift from guiltbased giving?
We feel guilty.
So we want to give our kidsthings to legacy based modeling
where we show them what it lookslike to build a legacy.
(09:28):
Well, the first thing is weremind ourselves that our kids
are watching us.
They're going to be doing whatwe are doing and they are going
to look at what we're doing andgo, well, that's really smart.
I wanna do that.
Or they're gonna look at us andgo, well, that was stupid.
I don't wanna do that.
Sometimes we don't say it in somany words, right?
Like when my mother said thatshe had filed bankruptcy twice
(09:50):
before I graduated from highschool, I never said she was
stupid and never said herdecision was stupid.
But I certainly said, I don'twanna do that.
I decided I was going to breakthat cycle.
I was gonna be the first link ina new chain.
My mother is a very generousperson.
I love her generosity.
(10:10):
I love how much she gives.
Sometimes she gives too much toher own detriment, especially of
her time.
We have to be on the lookout forthat.
We have to make sure that we'renot doing that.
Our kids see our limits.
They will one day appreciatethem.
Probably not in the moment.
Kids don't like limits.
That's not how kids are.
But they will respect us forenforcing limits.
(10:33):
There is a difference.
There is a difference betweenhaving a boundary and letting
somebody cross it.
And having a firm boundary thatis uncrossable.
It's also really good for ourkids to say, not yet, or, let's
plan for that.
That builds this idea offinancial patience and we need
(10:54):
to instill patience, especiallyin this.
TikTok world of everything beingeight seconds long.
You are building patients inchildren who do not deal with
patients well.
They are drive through children.
When they need to be a sit downfive course meal, they are
microwave popcorn instead of aslow pot roast in the crock pot.
(11:19):
So I think it's time that weimplement.
Three small ways that we canstart teaching our children
dignity, patience, and financialliteracy, and we can do it
today.
Literally, you can start thesethree things today.
The first of which is to letthem work to earn their money.
There's great dignity in earningthe money yourself.
(11:43):
They don't have to be doing alot.
My kids have very small chores.
One of them puts laundry away.
She doesn't even have to foldit.
One of them puts dishes away.
She doesn't have to dry them.
They're already dry.
And then I have one that helpstake the trash out.
He can't do it by himself.
His father goes with him.
So it's not like he has a lot todo.
(12:05):
Then my littlest one, her job isto help her siblings.
So whoever's doing a chore, shecan help them.
And if she helps even a littlebit, she gets paid for it.
I think that it's important togo ahead and say that things
like cleaning up after yourselfare not things that people get
paid for.
Doing things because you arepart of the family that's
(12:27):
required because you are part ofthe family.
Things like picking up your ownmess in the living room, helping
clean up the living room.
Things like putting your dishesin the sink after dinner, making
your bed, which is kind of likecleaning up after yourself
because you unmade it, so youneed to make it.
Things like that are because weare part of the family.
Those are good behaviors thatare rewarded in other ways.
(12:51):
But I don't pay my children forgood behavior.
I pay my children for job welldone and half done is undone.
You will not get paid if youhave to your chore.
So there's dignity in work.
Let them work.
There's dignity in, patience.
Let them save up and purchasesomething with their own money.
(13:13):
This doesn't have to besomething huge.
They don't have to buy aNintendo Switch.
I know you guys heard about thatlittle saga that I had going on
with one of my kids wanting tobuy a Nintendo Switch.
She got it for Christmas.
So now.
She has to save up for somethingelse.
I don't know what her somethingelse is.
We're gonna have to work on thisbecause with that one,
especially, saving is hard forher.
(13:34):
Her spinning muscle is strong,but her saving muscle is almost
non-existent, so we're workingon it.
And then I want you to create awants list together with your
child.
You can review it monthly tomodel delayed gratification.
This helps them with theirfinancial literacy because you
(13:54):
are creating a budgetessentially.
You know, how much is it gonnacost?
What do we have to do to earnthat much money?
You are creating a plan.
You are creating patience, andif you let them work for it,
you're creating dignity as well.
Let them have a chores list.
I highly recommend having a listof chores with dollar amounts
(14:14):
next to it so they know how muchthey're going to earn for doing
the chore, and they get to pickand choose and decide, oh, I
wanna do this and I wanna dothat.
If my children would picksomething, I would let them
pick, but because they do notpick for themselves, I will pick
for them.
And yes, that is okay.
Parents, you have to teach themhow to work sometimes, and
that's okay.
(14:37):
As a parent, your value is notmeasured by what you give to
your children.
You were not trying to buy theirlove and affection because
that's called prostitution.
That's not what you want foryour children.
You want to have them love andrespect you.
Sometimes that comes withsetting limits.
(14:58):
Your value is measured by whatyou model for your children.
What are you showing them?
Because they're playing.
Follow the leader, my friends.
They're playing follow theleader.
They're not playing show andtell.
They don't wanna hear you tellthem about what they should and
should not do.
So I'd love for you to take onesmall action step for yourself
(15:19):
and for your child.
So maybe you can do this withme.
I want you to pause and reflecton three recent purchases that
you've made for your child.
Were they aligned with what youvalue or were they convenient in
the moment?
Were they done specifically, orwere they done flippantly?
(15:43):
What were your three most recentpurchases for your child?
Do they align with your values?
That is your research questionfor the week.
Now, I would love for you to, ifyou haven't already, go ahead
and grab my seven steps to setyour kids up for financial
success.
It is a checklist with someadded benefits and bonuses
(16:05):
attached.
You can find that on mywebsite@accelerateyourlegacy.com
slash resources, or you canscroll down into the show
description, into the show notesand find the resources tab.
Just click on it.
Go ahead and grab seven steps toset your kids up for financial
(16:26):
success.
There are some things in therethat we've talked about on this
podcast.
You definitely wanna check itout and make sure that your kids
are being set up for success.
And, mom, dad, that starts withyou.
All right, my accelerators.
That's it for this week.
Go out and make a difference.
Laura (16:50):
thank you for spending time with us today on Money and
Career Mastery from Overwhelm toOwnership.
Remember, your legacy isn't justabout financial freedom.
It's about living with purpose,taking action, and building a
foundation that lasts forgenerations.
Don't just listen, implementwhat you've learned and share it
with someone who could use afinancial or career
breakthrough.
(17:10):
If you found value in today'sepisode, help us grow by rating,
reviewing, and sharing thepodcast.
I'll be back next week with morestrategies to help you master
your money and career.
Until then take ownership ofyour future and build your
legacy with intention.
hello and welcome to money and career mastery from
overwhelmed to ownership.
I'm Laura Sexton, your abundanceand legacy coach here to help
you navigate the world of money,debt payoff, and career growth
with confidence and clarity.
In this podcast, we'll tacklethe financial and career
challenges, holding you back,optimize your income and build
(00:22):
the freedom that comes with trueownership.
If you're ready to break freefrom overwhelm, create a budget
that aligns with your values anddesign a legacy that empowers
future generations.
You're in the right place.
Audio Only - All Participan (00:36):
Hey accelerators, I hope you are
having an absolutely lovely day,and today I'm here to talk to
you about entitlement.
This is not something that weenjoy talking about, but it's
something that we need to talkabout because our kids are on
the line and when it comes toour kids, we don't wanna
accidentally mess'em up.
That means we have to beintentional.
(00:57):
We are intentional witheverything, including our money.
So I wanted to tell you about alittle trip I took to Target
this week where I went with myhusband and my best friend and
our two youngest daughters,express purpose of buying things
for Easter, as well as buying aswimsuit for my oldest daughter
(01:20):
and maybe one for me, andalready you can tell that the
item creep.
Was real.
We went in knowing we were goingto buy a couple of things, and
then we got sidetracked by thetoy section, which is hard.
(01:41):
It's hard not to get sidetrackedby the toy section when you have
a 2-year-old with you we gotstuck there for a few minutes,
and then there are the scootersand the workout equipment and
the books.
And if you've ever been toTarget or Walmart or you know, a
store, you know what it's liketo get sidetracked by the little
(02:01):
things.
The first thing we did was wewalked into the dollar spot and
we started picking up thingsthat are on sale in that area
because they didn't sell before.
So we had a problem.
We wanted to buy more than wehad planned, and when my
daughter's looking at things andasking for things, and I'm
(02:23):
seeing things that I wouldn'thave thought about needing
before I get into justifiedspending.
Now justified spending is prettymuch what it sounds like.
You start justifying the thingsthat you wanna spend money on.
I'm buying this because I needthis, because if you have to
(02:44):
start justifying it, you don'tneed it.
I'm trying to get to some realworld examples of what this
looks like on an actual everydaybasis.
And one of the things that I'mthinking about is Christmas.
So when it came to Christmastime, my husband and I had
agreed we were only going to buythree gifts each, or three gifts
(03:05):
for each of our children.
So each of our children wouldget three gifts.
That was the plan.
They got 10.
Is what it ended up being.
So we bought three for each ofthem.
And then there's one other thingthat we found for one of the
kids.
So you have to get something forall of the kids because they
have to have the same number ofgifts.
And then grandma boughtsomething and then Nana bought
(03:28):
something and then Lola boughtsomething.
Then Uncle Mark bought themsomething and then, you know,
then we're getting stuff fromother relatives.
I'm just like, oh my.
Atlanta, why are we doing thisto ourselves?
And then you have to put stuffin the stocking and it just, it
tumbled outta hand andeventually they ended up with 10
(03:50):
gifts.
Once you start justifyingthings, it can get a little
outta hand.
We gotta be careful.
What does this have to do withour children?
Because I, you can see what ithas to do with you and how it
affects you and your spendingand the issues with your
pocketbook, right?
Me buying 10 gifts for my kids,that definitely affects me.
(04:12):
How does it affect them?
The first thing justifiedspending for your kids can lead
to a long-term financialentitlement.
Hmm.
Okay.
So what do I mean?
Justified spending will blur thelines between needs and wants
for both the parent and thechild.
I did not need to buy each of mykids a gift, so they had the
(04:35):
same number of presents underthe tree.
That's a tad bit irrational.
If we sit down to think aboutit, like, what if I bought one
of them a car and then the otherone got a bicycle?
They get the same number ofgifts, but they're not equal.
it's not fair.
So why?
Why is the same number soimportant?
(04:56):
I don't know, but it felt likeit was necessary.
And when we're blurring thelines, especially with our
children, between needs andwants, if I'm constantly
justifying, I'm turning a wantinto a need, by justifying it,
by making an excuse for it, I amturning it from this would be
nice to have to a necessity anddoing that.
(05:21):
Leads me to the possibility ofmore and more bad choices.
Financially.
I don't wanna make bad choicesfinancially.
I wanna make really good choicesfinancially.
I wanna make sure that thechoices I'm making are good for
me in the long haul.
And the best way to do that isto not.
Make those decisions in themoment, but to give myself
space, to make decisions, tomake decisions ahead of time.
(05:43):
When I'm in a good brain space,when I'm not in the heat of the
moment in the store, likelooking at the thing at that
moment and then trying tojustify it, if I start to
justify it, I have to walk awaybecause this justified spinning,
it normalizes instantgratification.
And normalizing instantgratification for our children
(06:04):
sets them up for really badlong-term habits.
I don't want my children to everbe in a situation where they
think I want that.
I can justify it and therefore Ican put it on a credit card.
That's the last thing I want formy children.
I never want them to be in aposition where they think they
can justify spending to thepoint where they start going
(06:26):
into debt for things.
But if they're in a state ofinstant gratification as a
child, what do I think they'regonna be when they're 20 and
their frontal lobe hasn't?
Fully developed, and yet theyhave access to credit to debt.
I don't want that for them.
(06:47):
I really don't want that forthem because instant
gratification means swipe it ona card, worry about it later.
I don't want that for mychildren.
So justified spending is what itis, and it can definitely lead
to some problems.
But we need to shift ourmindset, right?
We need to shift our mindsetfrom this.
(07:08):
Almost guilt based giving to ourchildren.
Like the thought there is I wantmy kids to have more than I had,
so I'm willing to give upanything for myself to give them
more, more and more.
I, and it sounds good.
I want my kids to have more thanI had, so I'm willing to give
them extra.
I'm willing to work really hardto give extra to them.
(07:30):
But the truth of the matter isthey don't need.
I'm thinking about, there's oneepisode of Boy Meets World where
Corey, is yelling at his dad,Alan, or he is the main boy in
boy meets world, and he'syelling at his dad and he's
like, why didn't you ever wantme to be more, you never pushed
me to be more, all I am isaverage.
(07:55):
And the dad goes, when I wasgrowing up, all I wanted was to
be average.
He grew up, his dad was aworking class guy and was
constantly struggling, and Alanaspired to make it up to
average, and he looks at hisson.
He says, well, if my son looksdown on average, I guess I've
(08:21):
done my job.
And it's really interestingbecause growing up I thought
that the Matthews, the familythat this show centers around, I
thought they were incrediblywealthy and I aspired to have
what they had and I didn'tunderstand why Corey didn't want
what his family had.
But you look at it and you'relike, oh my family, I wanna do
(08:44):
better for my kids than myfamily did for me.
It's a terrible thing to think.
I mean, yes, I want more for mykids.
I want them to have everythingpossible for them in life.
But you know what I want mostfor my kids?
I want them to have dignity.
I want them to have work ethic.
I want them to be proud of wherethey came from, and I want them
(09:06):
to want more for their kids too.
They're gonna need some room togrow.
So how do we shift from guiltbased giving?
We feel guilty.
So we want to give our kidsthings to legacy based modeling
where we show them what it lookslike to build a legacy.
(09:28):
Well, the first thing is weremind ourselves that our kids
are watching us.
They're going to be doing whatwe are doing and they are going
to look at what we're doing andgo, well, that's really smart.
I wanna do that.
Or they're gonna look at us andgo, well, that was stupid.
I don't wanna do that.
Sometimes we don't say it in somany words, right?
Like when my mother said thatshe had filed bankruptcy twice
(09:50):
before I graduated from highschool, I never said she was
stupid and never said herdecision was stupid.
But I certainly said, I don'twanna do that.
I decided I was going to breakthat cycle.
I was gonna be the first link ina new chain.
My mother is a very generousperson.
I love her generosity.
(10:10):
I love how much she gives.
Sometimes she gives too much toher own detriment, especially of
her time.
We have to be on the lookout forthat.
We have to make sure that we'renot doing that.
Our kids see our limits.
They will one day appreciatethem.
Probably not in the moment.
Kids don't like limits.
That's not how kids are.
But they will respect us forenforcing limits.
(10:33):
There is a difference.
There is a difference betweenhaving a boundary and letting
somebody cross it.
And having a firm boundary thatis uncrossable.
It's also really good for ourkids to say, not yet, or, let's
plan for that.
That builds this idea offinancial patience and we need
(10:54):
to instill patience, especiallyin this.
TikTok world of everything beingeight seconds long.
You are building patients inchildren who do not deal with
patients well.
They are drive through children.
When they need to be a sit downfive course meal, they are
microwave popcorn instead of aslow pot roast in the crock pot.
(11:19):
So I think it's time that weimplement.
Three small ways that we canstart teaching our children
dignity, patience, and financialliteracy, and we can do it
today.
Literally, you can start thesethree things today.
The first of which is to letthem work to earn their money.
There's great dignity in earningthe money yourself.
(11:43):
They don't have to be doing alot.
My kids have very small chores.
One of them puts laundry away.
She doesn't even have to foldit.
One of them puts dishes away.
She doesn't have to dry them.
They're already dry.
And then I have one that helpstake the trash out.
He can't do it by himself.
His father goes with him.
So it's not like he has a lot todo.
(12:05):
Then my littlest one, her job isto help her siblings.
So whoever's doing a chore, shecan help them.
And if she helps even a littlebit, she gets paid for it.
I think that it's important togo ahead and say that things
like cleaning up after yourselfare not things that people get
paid for.
Doing things because you arepart of the family that's
(12:27):
required because you are part ofthe family.
Things like picking up your ownmess in the living room, helping
clean up the living room.
Things like putting your dishesin the sink after dinner, making
your bed, which is kind of likecleaning up after yourself
because you unmade it, so youneed to make it.
Things like that are because weare part of the family.
Those are good behaviors thatare rewarded in other ways.
(12:51):
But I don't pay my children forgood behavior.
I pay my children for job welldone and half done is undone.
You will not get paid if youhave to your chore.
So there's dignity in work.
Let them work.
There's dignity in, patience.
Let them save up and purchasesomething with their own money.
(13:13):
This doesn't have to besomething huge.
They don't have to buy aNintendo Switch.
I know you guys heard about thatlittle saga that I had going on
with one of my kids wanting tobuy a Nintendo Switch.
She got it for Christmas.
So now.
She has to save up for somethingelse.
I don't know what her somethingelse is.
We're gonna have to work on thisbecause with that one,
especially, saving is hard forher.
(13:34):
Her spinning muscle is strong,but her saving muscle is almost
non-existent, so we're workingon it.
And then I want you to create awants list together with your
child.
You can review it monthly tomodel delayed gratification.
This helps them with theirfinancial literacy because you
(13:54):
are creating a budgetessentially.
You know, how much is it gonnacost?
What do we have to do to earnthat much money?
You are creating a plan.
You are creating patience, andif you let them work for it,
you're creating dignity as well.
Let them have a chores list.
I highly recommend having a listof chores with dollar amounts
(14:14):
next to it so they know how muchthey're going to earn for doing
the chore, and they get to pickand choose and decide, oh, I
wanna do this and I wanna dothat.
If my children would picksomething, I would let them
pick, but because they do notpick for themselves, I will pick
for them.
And yes, that is okay.
Parents, you have to teach themhow to work sometimes, and
that's okay.
(14:37):
As a parent, your value is notmeasured by what you give to
your children.
You were not trying to buy theirlove and affection because
that's called prostitution.
That's not what you want foryour children.
You want to have them love andrespect you.
Sometimes that comes withsetting limits.
(14:58):
Your value is measured by whatyou model for your children.
What are you showing them?
Because they're playing.
Follow the leader, my friends.
They're playing follow theleader.
They're not playing show andtell.
They don't wanna hear you tellthem about what they should and
should not do.
So I'd love for you to take onesmall action step for yourself
(15:19):
and for your child.
So maybe you can do this withme.
I want you to pause and reflecton three recent purchases that
you've made for your child.
Were they aligned with what youvalue or were they convenient in
the moment?
Were they done specifically, orwere they done flippantly?
(15:43):
What were your three most recentpurchases for your child?
Do they align with your values?
That is your research questionfor the week.
Now, I would love for you to, ifyou haven't already, go ahead
and grab my seven steps to setyour kids up for financial
success.
It is a checklist with someadded benefits and bonuses
(16:05):
attached.
You can find that on mywebsite@accelerateyourlegacy.com
slash resources, or you canscroll down into the show
description, into the show notesand find the resources tab.
Just click on it.
Go ahead and grab seven steps toset your kids up for financial
(16:26):
success.
There are some things in therethat we've talked about on this
podcast.
You definitely wanna check itout and make sure that your kids
are being set up for success.
And, mom, dad, that starts withyou.
All right, my accelerators.
That's it for this week.
Go out and make a difference.
Laura (16:50):
thank you for spending time with us today on Money and
Career Mastery from Overwhelm toOwnership.
Remember, your legacy isn't justabout financial freedom.
It's about living with purpose,taking action, and building a
foundation that lasts forgenerations.
Don't just listen, implementwhat you've learned and share it
with someone who could use afinancial or career
breakthrough.
(17:10):
If you found value in today'sepisode, help us grow by rating,
reviewing, and sharing thepodcast.
I'll be back next week with morestrategies to help you master
your money and career.
Until then take ownership ofyour future and build your
legacy with intention.
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