March 10, 2026 • 19 mins
Does money stress make it harder to parent with patience, consistency, and intention? In this episode, Laura talks about the hidden connection between financial stress and parenting, and why getting your money life calmer is one of the best things you can do for your kids. If you’ve ever felt reactive, overwhelmed, or too mentally drained to teach your children responsibility, gratitude, delayed gratification, or wise money habits, this conversation is for you.
Laura shares how money anxiety affects your emotional bandwidth, why kids learn more from your patterns than your lectures, and how a simple financial plan can create more peace in your home. She also breaks down practical ways to start teaching kids about money right now—even if your finances are not perfect yet.
In this episode, you’ll learn:
- How money stress impacts parenting, patience, and emotional regulation
- Why kids are shaped more by your money habits than your money talks
- How financial calm creates space for intentional family leadership
- 3 simple ways to teach kids about money starting today
- Why earning, waiting, saving, and choosing are essential life skills for children
If you want to raise money-wise kids without feeling like a hypocrite or a hot mess, this episode will encourage you and give you a practical starting point.
If you want help creating a calmer money plan for your family, schedule a free clarity call and take your next step toward more peace, margin, and intentional parenting.
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
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Episode Transcript
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Laura (00:00):
Have you ever noticed how hard it is to teach calmly When
you feel stressed internally,it's hard to talk to your kids
about patients' responsibilityand wise choices when you are
mentally doing math in thebackground, worrying about your
bills, or wondering if you canafford groceries, sports, or
summer activities.
Today I wanna talk to you aboutwhy getting your.
(00:21):
Own money.
Life calmer.
It's not selfish.
It's one of the best things youcan do for your kids.
You are listening to the Moneyand Legacy Podcast with Laura
Sexton.
I'm helping families pay offdebt, grow wealth, and build a
legacy without sacrificing whatmatters most.
This is where money feels easy.
Hey, accelerators, we are gonnatalk about a few things today,
(00:44):
but the main.
Plot point here is that moneystress is going to steal the
emotional bandwidth that isneeded for consistent training
of your children.
We are going to talk about manydifferent things, but I want you
to come along this journey withme as you hear from me that I'm
in the thick of this with you.
(01:06):
I have a very strong desire totrain my children well.
I wanna teach themresponsibility and gratitude and
work ethic and generosity andself-control.
I'm trying to teach them to begood humans, but when money is
chaotic, we can often stick insurvival mode.
And survival mode makes it hardto parent with intention'cause
(01:29):
we're just trying to make itthrough the day.
I heard this recently and it hitme really, really hard.
Sometimes as parents, we chooseto numb out.
We put some lidocaine over ourmoney stress, and that could be,
over striving, that could beburying our head in the sand and
(01:49):
pretending like it's not there.
That could be for some of ushaving a glass of wine at the
end of the night for some of us,when we have money worries, we
spend more money.
Yes.
That's a thing.
That's actually how some peoplehandle their money.
Stress.
They just go overboard.
I used to be one of those peopleask me how I know.
I heard on a podcast, the Dr.
(02:11):
John Delony show, he was talkingwith a guest and I can't, for
the life of me remember hisname, I'm.
Kicking myself now for notgetting that before I got on
this podcast here.
But he was saying that sometimeswe numb out, we put some
lidocaine on the situation.
Lidocaine is the chemical theywould put if they're numbing
(02:32):
your teeth before doing or anextraction.
Said, sometimes we're puttinglidocaine on a problem, but that
doesn't mean there's not stilldamage being done.
If they're going to remove atooth, they put lidocaine in
your gums and the tooth is stillremoved, there's still a giant
hole in your gum.
So even though we don't feel thepain of the stress of our money,
(02:57):
the feeling of stress, our bodystill is experiencing the drama.
And therefore we continue tomake decisions and have feelings
that are based on the stress,even though we have numbed out
and are not paying attention tothat stress.
Does that make sense to you?
This was mind blowing to me.
(03:18):
I was like, oh, so you'retelling me that on those days
where I put my head in the sandand I pretend not to notice, and
yet I still make decisions that.
Would be indicative of mefeeling like there's money
trouble.
I'm making those decisionsbecause my body's actually
feeling the stress of the moneytrouble, and I'm just pretending
like I don't feel it.
(03:38):
Yeah, that's how that works.
Crazy, right?
So when you're worried aboutmoney, you are more reactive as
a parent.
Because that low level stressand anxiety are ringing alarm
bells in the background and youjust aren't paying attention.
So you becoming more reactive.
You have a shorter fuse.
(03:59):
Was explaining to my daughterthis last week what a fuse was
and I was like, we have notwatched enough Wiley Coyote.
I.
Cartoons in his house becauseshe doesn't know what a fuse is.
And I was like, when the fuse isreally short, you're close to
the explosion.
But when the fuse is reallylong, the explosion's really
long off.
When you have money, stress,whether you're paying attention
(04:21):
to it or not, you are morereactive because you closer to
that dynamite.
When you tell your child yes,when you really wanna say no,
but you're tired.
Yes, you're tired and you don'twanna go home and cook.
So you just say yes to goingthrough the drive through.
(04:42):
That's really not where youwanna be.
'cause then what you've justdone is you've added more pain
later to deal with being tirednow.
You may be in a situation whereyou were overwhelmed with money
and you say no with stress orshame.
(05:02):
Instead of leading calmly, youmay avoid money conversations
because they feel too loaded,and so you just sweep it under
the rug and you worry about itlater.
You delay teaching your childrenbecause you feel like a
hypocrite, so you allow them togrow up not knowing the things
(05:22):
that you wish you had known attheir age.
You do not have to be perfect totrain your children.
In fact, they may learn from youbetter if you share with them
where your mistakes came from,but I will tell you it is much
easier to train them when youare not constantly in a
financial panic.
(05:43):
Money.
Stress does not just affect yourspreadsheets, it affects the
tone and voice and patience andconsistency and follow through
that you show to your children.
So what are the kids actuallylearning from us?
Well, they are learning far morefrom our patterns than they are
from our speeches.
I can give a good speech.
I can talk to my children tillmy face turns blue, but they
(06:06):
aren't hearing any of that.
Instead, they're watching.
They're watching how we handleour wants, how we handle delays,
how we handle disappointments,how we talk about money, how we
respond to pressure.
They're watching whether wespend impulsively or
intentionally.
They watch whether we give,whether we save, whether we
(06:27):
plan, whether we communicatewith our spouse.
Our kids are being trained byour habits long before they will
ever be trained by our lessons.
And that is a very difficultthing for this mama who likes to
give a lesson.
I love being able to tell you,but knowing they're playing fall
leader, knowing that they arebeing trained by watching how we
react when we're tired, watchinghow we react when we're
(06:51):
stressed.
If every single stress will leadto impulse spending, they're
gonna notice if every moneyconversation becomes tense, they
notice.
And if parents work together,they make a plan, they stay
calm, they're gonna notice thattoo.
So the goal is not just to teachkids about money, the goal is to
become the kind of household orwise money.
(07:13):
Behavior is normal.
I.
Now I, I will tell you, ifyou're coming to this and you're
like, okay, I, I hear you,Laura, but I'm so stressed out.
I don't even know where tostart.
I will tell you that a simpleplan creates margin for
meaningful training.
(07:33):
If you're like, great Laura.
A simple plan.
Got it.
Do you have any idea what I'mdealing with?
I've got bank notes and I've gotcar notes, and I've got parents
that I owe money to and we'retrying to figure out school
tuition and we don't know whatwe're gonna do.
And you know, housing prices arejust going up and we feel like
we're never gonna be able to.
I understand.
I understand.
And I feel that with you.
(07:54):
Trust me, I do.
If you don't even know where toget started, I want you to
scroll down in the show notes towhere it says, schedule a free
call and jump on a free callwith me, and I'll help you
create a plan.
It's a chance for me to figureout what the best next step is
for you, and I promise that whenwe get done with that call, you
will have a clear next steptowards creating meaningful
(08:18):
margin in your life so that youcan create meaningful training
with your children.
When money is calmer, parentscan be more thoughtful with how
they respond, right?
We're no longer reacting, we areresponding.
Somebody said that to me onetime and I was like, what's the
(08:40):
difference between reacting andresponding?
Reactive is often explosive.
A response is going to be calm.
We're gonna be able to useeveryday moments as teaching
moments.
I love doing that.
My mother used to do that withme with television shows She'd
just mute it.
And so we were missing part ofthe show while she was teaching
me a lesson.
(09:00):
Now at least I can pause it soyou don't miss anything.
Getting the chance to use thosethings that your kids love to
teach good money lessons is sohelpful.
When money is calm and parentsare calm, we can let kids wait
for things instead of instantlyrescuing them.
We can let kids wait for thingsinstead of instantly buying it
(09:23):
for them, and we can let kidswait for things instead of
instantly coming in and being asnowplow parent and removing all
of the obstacles.
I've heard it said this way.
When you remove obstacles fromyour children, what you're doing
is you're taking them to thegym, putting them under a squat
rack, and then removing all ofthe weight and holding up the
(09:44):
bar as they do their workout.
When you do that, you're nothelping them.
You're actually harming them,and you're letting their muscles
weaken instead of strengthenyour kids need some problems.
And you want them to have betterthan what you have right now.
(10:07):
So bring them along as you learnand show them what it looks like
to change and teach them what itlooks like to start from a
position of strength and moveforward.
'cause that's what you're doingfor them.
I can't tell you the number of.
(10:27):
Parents that come to me andthey're like, I just want my
kids to have better than I have.
So I give them this and I givethem this and I give them this.
And I said, you are justteaching them how to have no
impulse control.
Every time you put something ona credit card for your children,
you are teaching thementitlement and you're creating
(10:50):
bratty children.
I'm sorry.
And the only reason I'm sorry isbecause that's really hard to
hear, and if that hurt yourfeelings, I'm sorry that your
feelings were hurt, but somebodyneeded to say it.
I don't want you to feel likeyou're rescuing your children
because if you do it too much,if you never let them fail while
(11:15):
they're under your roof, theywill go out and fail in the real
world.
And then because you spent somuch time putting yourself in a
precarious situation so youcould give so much to them,
they're now in a precarioussituation.
And guess what?
You can't help.
I feel like somebody islistening to me today and
(11:36):
they're really upset with me,and I'm sorry.
I would love for you to.
When we look at this simpleplan, and we're creating more
margin in our life formeaningful trainings, I want you
to realize that you can't justteach them how to spend their
money and save their money.
(11:56):
You also need to teach'em how toearn money.
They need to learn the value ofearning money.
And I will have a book comingout called Rosie Ernst herself,
and it teaches them all aboutthat.
And you can read them thepicture book if you'd like, you
can get on the wait list forthat@accelerateyourlegacy.com
(12:17):
slash rosie.
Teach the kids to practicegenerosity on purpose.
This is something that you aregoing to be able to do when you
have more margin in your life.
See, when we have created, we'veset a simple plan and we've
created margin, which allowsyou.
To meaningfully train them ongenerosity.
(12:38):
There's nothing more beautifulthan generous people.
No one wants to work with stingypeople.
Everyone wants to work with agenerous person, not just
generous with their money, butgenerous with their time,
generous with their words,generous with their spirit.
It will get you so far.
(12:58):
If you've ever read the book,how to Win Friends and Influence
People, generosity on so manydifferent levels, generosity is
the key.
I want you to connect money toyour family values, and I don't
mean that having money is afamily value.
I mean, what are your familyvalues and how does money help
with those?
(13:21):
Money touches everything.
Money is going to touch yourfamily values.
Have conversations about goalsand trade-offs in stewardship.
When your money has a plan, yourparenting gets more intentional.
So you need to have a goal, notjust for yourself, not just for
you and your spouse, but for thewhole family and bring the kids
(13:42):
along.
There are trade-offs.
You can't have everything.
Teach that to your children.
Let them come along on the ride,sit down with them and go, okay,
we're looking at these twothings.
Which of these do you think mostaligns with what you say you
want most?
And stewardship.
How can we steward what we haveso that we're not just keeping
it for ourselves, but making itso it goes out in the world and
(14:05):
does the best?
That it can do does the mostgood.
Okay.
Here are three simple ways tostart training your kids right
now.
I wanna keep this very practicaland very encouraging.
I know I got a little heavy, soI'm just trying to lighten the
mood here.
Okay.
(14:27):
Narrate your decisions to yourchildren.
Let your kids hear your simpleexplanations.
We're not buying that todaybecause that's not on the
budget.
Oh, we're not gonna spend thatright now because we're saving
for something much bigger.
Oh, we chose this because itfits our values.
These are really simpleexplanations.
We're moving in a few shortmonths, and so when I get asked,
(14:50):
well, why can't I do balletclass this year?
All of our money is goingtowards the move that's coming
up.
It's imminent.
And so that's where our focus isright now.
She's able to go play with allof her friends and do all of her
play dates and she's not wantingfor anything.
But when she comes to me andshe's like, but I wanna do
ballet.
(15:10):
Okay, I know that you do, andwhen we move and we get into a
new area, we'll find you a newballet studio.
But for right now, we'rechoosing to spend our money on
something else.
It's very difficult when you'rea child to hear the word no.
We're explaining to them whyit's not no, just because it's
(15:31):
No, because we have chosen toput our money towards this new
house.
No, because we're choosing tospend money on movers instead of
having to do it all ourselves.
Trust me, now that I'm near 40,having movers is a value that I
have.
The second simple way to starttraining your kids right now is
(15:51):
to let them earn money.
Teach them that money comes fromwork, from effort and from
contribution.
Keep it age appropriate, but put'em on a commission.
They don't need an allowance.
They are allowed to live here.
Put them on an age appropriatecommission structure.
Let them do small jobs.
Again, they don't have to behuge jobs.
(16:12):
And they don't have to beperfectly done jobs either, but
let's keep this age appropriate,give them small things they can
do in ways that they cancontribute to the household.
Family contribution is key, butthere are also family
contribution.
Things that they can do that areearning opportunities.
(16:33):
So with my kids, they havecertain chores that they have to
do every day, laundry, dishes,that kind of thing.
Trash is not every day, but it'soften.
But they don't get paid forcleaning up their own messes.
So why do we have to make ourbed every day?
Because you're part of thefamily and you're part of the
(16:54):
culture that says we want aclean room.
We like clean, tidy spacesbecause it makes it easy for us
to maneuver and play.
It makes it easier for ourbrains to stay calm.
That's why we do those things.
And then the third lesson togive to your children.
Something you can do right nowis practice how to wait, save
and choose.
(17:14):
Teach them delayed gratificationin real life.
Save for a toy, split money intospend saving gift jars.
Let them make small decisionsand learn from them.
You do not have to complicateeverything.
You don't have to turneverything into, you make this
decision.
You have to learn from this.
You have to fail here in myhouse.
Not everything has to be that.
(17:35):
You don't need a complicatedsystem to raise money-wise kids,
but you do need to beconsistent.
You need to have conversations,and you need to remain calm.
If you have felt too stressed toteach your kids about money the
way that you want to, let meencourage you that it's not too
late.
You don't need a perfect pass tobuild a better future, and as
(17:56):
money gets healthier, your homegets calmer, and that gives you
more space to train your kidswith wisdom, confidence, and
peace.
If you want help getting yourmoney calmer so that you can
lead your family with moreconfidence, I want you to book a
clarity call with me where wewill give you clarity on what
(18:16):
your best next step is.
I promise you.
You do not want to miss out onthis because you are afraid to
click a button and schedule acall.
I have times available in themonth of March, and if you're
listening to this in the future,I'm certain that I'll have time
to speak with you then please donot wait.
The longer you wait, the longeryou stay stressed and the more
(18:37):
your kids feel it.
I would absolutely love to havea conversation with you, so jump
on that clarity call.
But remember.
Simple things you can do.
Narrate your decisions, let yourkids earn, and then practice.
Wait, save, and choose.
That's it for this week.
Accelerators go out and make adifference.
Have you ever noticed how hard it is to teach calmly When
you feel stressed internally,it's hard to talk to your kids
about patients' responsibilityand wise choices when you are
mentally doing math in thebackground, worrying about your
bills, or wondering if you canafford groceries, sports, or
summer activities.
Today I wanna talk to you aboutwhy getting your.
(00:21):
Own money.
Life calmer.
It's not selfish.
It's one of the best things youcan do for your kids.
You are listening to the Moneyand Legacy Podcast with Laura
Sexton.
I'm helping families pay offdebt, grow wealth, and build a
legacy without sacrificing whatmatters most.
This is where money feels easy.
Hey, accelerators, we are gonnatalk about a few things today,
(00:44):
but the main.
Plot point here is that moneystress is going to steal the
emotional bandwidth that isneeded for consistent training
of your children.
We are going to talk about manydifferent things, but I want you
to come along this journey withme as you hear from me that I'm
in the thick of this with you.
(01:06):
I have a very strong desire totrain my children well.
I wanna teach themresponsibility and gratitude and
work ethic and generosity andself-control.
I'm trying to teach them to begood humans, but when money is
chaotic, we can often stick insurvival mode.
And survival mode makes it hardto parent with intention'cause
(01:29):
we're just trying to make itthrough the day.
I heard this recently and it hitme really, really hard.
Sometimes as parents, we chooseto numb out.
We put some lidocaine over ourmoney stress, and that could be,
over striving, that could beburying our head in the sand and
(01:49):
pretending like it's not there.
That could be for some of ushaving a glass of wine at the
end of the night for some of us,when we have money worries, we
spend more money.
Yes.
That's a thing.
That's actually how some peoplehandle their money.
Stress.
They just go overboard.
I used to be one of those peopleask me how I know.
I heard on a podcast, the Dr.
(02:11):
John Delony show, he was talkingwith a guest and I can't, for
the life of me remember hisname, I'm.
Kicking myself now for notgetting that before I got on
this podcast here.
But he was saying that sometimeswe numb out, we put some
lidocaine on the situation.
Lidocaine is the chemical theywould put if they're numbing
(02:32):
your teeth before doing or anextraction.
Said, sometimes we're puttinglidocaine on a problem, but that
doesn't mean there's not stilldamage being done.
If they're going to remove atooth, they put lidocaine in
your gums and the tooth is stillremoved, there's still a giant
hole in your gum.
So even though we don't feel thepain of the stress of our money,
(02:57):
the feeling of stress, our bodystill is experiencing the drama.
And therefore we continue tomake decisions and have feelings
that are based on the stress,even though we have numbed out
and are not paying attention tothat stress.
Does that make sense to you?
This was mind blowing to me.
(03:18):
I was like, oh, so you'retelling me that on those days
where I put my head in the sandand I pretend not to notice, and
yet I still make decisions that.
Would be indicative of mefeeling like there's money
trouble.
I'm making those decisionsbecause my body's actually
feeling the stress of the moneytrouble, and I'm just pretending
like I don't feel it.
(03:38):
Yeah, that's how that works.
Crazy, right?
So when you're worried aboutmoney, you are more reactive as
a parent.
Because that low level stressand anxiety are ringing alarm
bells in the background and youjust aren't paying attention.
So you becoming more reactive.
You have a shorter fuse.
(03:59):
Was explaining to my daughterthis last week what a fuse was
and I was like, we have notwatched enough Wiley Coyote.
I.
Cartoons in his house becauseshe doesn't know what a fuse is.
And I was like, when the fuse isreally short, you're close to
the explosion.
But when the fuse is reallylong, the explosion's really
long off.
When you have money, stress,whether you're paying attention
(04:21):
to it or not, you are morereactive because you closer to
that dynamite.
When you tell your child yes,when you really wanna say no,
but you're tired.
Yes, you're tired and you don'twanna go home and cook.
So you just say yes to goingthrough the drive through.
(04:42):
That's really not where youwanna be.
'cause then what you've justdone is you've added more pain
later to deal with being tirednow.
You may be in a situation whereyou were overwhelmed with money
and you say no with stress orshame.
(05:02):
Instead of leading calmly, youmay avoid money conversations
because they feel too loaded,and so you just sweep it under
the rug and you worry about itlater.
You delay teaching your childrenbecause you feel like a
hypocrite, so you allow them togrow up not knowing the things
(05:22):
that you wish you had known attheir age.
You do not have to be perfect totrain your children.
In fact, they may learn from youbetter if you share with them
where your mistakes came from,but I will tell you it is much
easier to train them when youare not constantly in a
financial panic.
(05:43):
Money.
Stress does not just affect yourspreadsheets, it affects the
tone and voice and patience andconsistency and follow through
that you show to your children.
So what are the kids actuallylearning from us?
Well, they are learning far morefrom our patterns than they are
from our speeches.
I can give a good speech.
I can talk to my children tillmy face turns blue, but they
(06:06):
aren't hearing any of that.
Instead, they're watching.
They're watching how we handleour wants, how we handle delays,
how we handle disappointments,how we talk about money, how we
respond to pressure.
They're watching whether wespend impulsively or
intentionally.
They watch whether we give,whether we save, whether we
(06:27):
plan, whether we communicatewith our spouse.
Our kids are being trained byour habits long before they will
ever be trained by our lessons.
And that is a very difficultthing for this mama who likes to
give a lesson.
I love being able to tell you,but knowing they're playing fall
leader, knowing that they arebeing trained by watching how we
react when we're tired, watchinghow we react when we're
(06:51):
stressed.
If every single stress will leadto impulse spending, they're
gonna notice if every moneyconversation becomes tense, they
notice.
And if parents work together,they make a plan, they stay
calm, they're gonna notice thattoo.
So the goal is not just to teachkids about money, the goal is to
become the kind of household orwise money.
(07:13):
Behavior is normal.
I.
Now I, I will tell you, ifyou're coming to this and you're
like, okay, I, I hear you,Laura, but I'm so stressed out.
I don't even know where tostart.
I will tell you that a simpleplan creates margin for
meaningful training.
(07:33):
If you're like, great Laura.
A simple plan.
Got it.
Do you have any idea what I'mdealing with?
I've got bank notes and I've gotcar notes, and I've got parents
that I owe money to and we'retrying to figure out school
tuition and we don't know whatwe're gonna do.
And you know, housing prices arejust going up and we feel like
we're never gonna be able to.
I understand.
I understand.
And I feel that with you.
(07:54):
Trust me, I do.
If you don't even know where toget started, I want you to
scroll down in the show notes towhere it says, schedule a free
call and jump on a free callwith me, and I'll help you
create a plan.
It's a chance for me to figureout what the best next step is
for you, and I promise that whenwe get done with that call, you
will have a clear next steptowards creating meaningful
(08:18):
margin in your life so that youcan create meaningful training
with your children.
When money is calmer, parentscan be more thoughtful with how
they respond, right?
We're no longer reacting, we areresponding.
Somebody said that to me onetime and I was like, what's the
(08:40):
difference between reacting andresponding?
Reactive is often explosive.
A response is going to be calm.
We're gonna be able to useeveryday moments as teaching
moments.
I love doing that.
My mother used to do that withme with television shows She'd
just mute it.
And so we were missing part ofthe show while she was teaching
me a lesson.
(09:00):
Now at least I can pause it soyou don't miss anything.
Getting the chance to use thosethings that your kids love to
teach good money lessons is sohelpful.
When money is calm and parentsare calm, we can let kids wait
for things instead of instantlyrescuing them.
We can let kids wait for thingsinstead of instantly buying it
(09:23):
for them, and we can let kidswait for things instead of
instantly coming in and being asnowplow parent and removing all
of the obstacles.
I've heard it said this way.
When you remove obstacles fromyour children, what you're doing
is you're taking them to thegym, putting them under a squat
rack, and then removing all ofthe weight and holding up the
(09:44):
bar as they do their workout.
When you do that, you're nothelping them.
You're actually harming them,and you're letting their muscles
weaken instead of strengthenyour kids need some problems.
And you want them to have betterthan what you have right now.
(10:07):
So bring them along as you learnand show them what it looks like
to change and teach them what itlooks like to start from a
position of strength and moveforward.
'cause that's what you're doingfor them.
I can't tell you the number of.
(10:27):
Parents that come to me andthey're like, I just want my
kids to have better than I have.
So I give them this and I givethem this and I give them this.
And I said, you are justteaching them how to have no
impulse control.
Every time you put something ona credit card for your children,
you are teaching thementitlement and you're creating
(10:50):
bratty children.
I'm sorry.
And the only reason I'm sorry isbecause that's really hard to
hear, and if that hurt yourfeelings, I'm sorry that your
feelings were hurt, but somebodyneeded to say it.
I don't want you to feel likeyou're rescuing your children
because if you do it too much,if you never let them fail while
(11:15):
they're under your roof, theywill go out and fail in the real
world.
And then because you spent somuch time putting yourself in a
precarious situation so youcould give so much to them,
they're now in a precarioussituation.
And guess what?
You can't help.
I feel like somebody islistening to me today and
(11:36):
they're really upset with me,and I'm sorry.
I would love for you to.
When we look at this simpleplan, and we're creating more
margin in our life formeaningful trainings, I want you
to realize that you can't justteach them how to spend their
money and save their money.
(11:56):
You also need to teach'em how toearn money.
They need to learn the value ofearning money.
And I will have a book comingout called Rosie Ernst herself,
and it teaches them all aboutthat.
And you can read them thepicture book if you'd like, you
can get on the wait list forthat@accelerateyourlegacy.com
(12:17):
slash rosie.
Teach the kids to practicegenerosity on purpose.
This is something that you aregoing to be able to do when you
have more margin in your life.
See, when we have created, we'veset a simple plan and we've
created margin, which allowsyou.
To meaningfully train them ongenerosity.
(12:38):
There's nothing more beautifulthan generous people.
No one wants to work with stingypeople.
Everyone wants to work with agenerous person, not just
generous with their money, butgenerous with their time,
generous with their words,generous with their spirit.
It will get you so far.
(12:58):
If you've ever read the book,how to Win Friends and Influence
People, generosity on so manydifferent levels, generosity is
the key.
I want you to connect money toyour family values, and I don't
mean that having money is afamily value.
I mean, what are your familyvalues and how does money help
with those?
(13:21):
Money touches everything.
Money is going to touch yourfamily values.
Have conversations about goalsand trade-offs in stewardship.
When your money has a plan, yourparenting gets more intentional.
So you need to have a goal, notjust for yourself, not just for
you and your spouse, but for thewhole family and bring the kids
(13:42):
along.
There are trade-offs.
You can't have everything.
Teach that to your children.
Let them come along on the ride,sit down with them and go, okay,
we're looking at these twothings.
Which of these do you think mostaligns with what you say you
want most?
And stewardship.
How can we steward what we haveso that we're not just keeping
it for ourselves, but making itso it goes out in the world and
(14:05):
does the best?
That it can do does the mostgood.
Okay.
Here are three simple ways tostart training your kids right
now.
I wanna keep this very practicaland very encouraging.
I know I got a little heavy, soI'm just trying to lighten the
mood here.
Okay.
(14:27):
Narrate your decisions to yourchildren.
Let your kids hear your simpleexplanations.
We're not buying that todaybecause that's not on the
budget.
Oh, we're not gonna spend thatright now because we're saving
for something much bigger.
Oh, we chose this because itfits our values.
These are really simpleexplanations.
We're moving in a few shortmonths, and so when I get asked,
(14:50):
well, why can't I do balletclass this year?
All of our money is goingtowards the move that's coming
up.
It's imminent.
And so that's where our focus isright now.
She's able to go play with allof her friends and do all of her
play dates and she's not wantingfor anything.
But when she comes to me andshe's like, but I wanna do
ballet.
(15:10):
Okay, I know that you do, andwhen we move and we get into a
new area, we'll find you a newballet studio.
But for right now, we'rechoosing to spend our money on
something else.
It's very difficult when you'rea child to hear the word no.
We're explaining to them whyit's not no, just because it's
(15:31):
No, because we have chosen toput our money towards this new
house.
No, because we're choosing tospend money on movers instead of
having to do it all ourselves.
Trust me, now that I'm near 40,having movers is a value that I
have.
The second simple way to starttraining your kids right now is
(15:51):
to let them earn money.
Teach them that money comes fromwork, from effort and from
contribution.
Keep it age appropriate, but put'em on a commission.
They don't need an allowance.
They are allowed to live here.
Put them on an age appropriatecommission structure.
Let them do small jobs.
Again, they don't have to behuge jobs.
(16:12):
And they don't have to beperfectly done jobs either, but
let's keep this age appropriate,give them small things they can
do in ways that they cancontribute to the household.
Family contribution is key, butthere are also family
contribution.
Things that they can do that areearning opportunities.
(16:33):
So with my kids, they havecertain chores that they have to
do every day, laundry, dishes,that kind of thing.
Trash is not every day, but it'soften.
But they don't get paid forcleaning up their own messes.
So why do we have to make ourbed every day?
Because you're part of thefamily and you're part of the
(16:54):
culture that says we want aclean room.
We like clean, tidy spacesbecause it makes it easy for us
to maneuver and play.
It makes it easier for ourbrains to stay calm.
That's why we do those things.
And then the third lesson togive to your children.
Something you can do right nowis practice how to wait, save
and choose.
(17:14):
Teach them delayed gratificationin real life.
Save for a toy, split money intospend saving gift jars.
Let them make small decisionsand learn from them.
You do not have to complicateeverything.
You don't have to turneverything into, you make this
decision.
You have to learn from this.
You have to fail here in myhouse.
Not everything has to be that.
(17:35):
You don't need a complicatedsystem to raise money-wise kids,
but you do need to beconsistent.
You need to have conversations,and you need to remain calm.
If you have felt too stressed toteach your kids about money the
way that you want to, let meencourage you that it's not too
late.
You don't need a perfect pass tobuild a better future, and as
(17:56):
money gets healthier, your homegets calmer, and that gives you
more space to train your kidswith wisdom, confidence, and
peace.
If you want help getting yourmoney calmer so that you can
lead your family with moreconfidence, I want you to book a
clarity call with me where wewill give you clarity on what
(18:16):
your best next step is.
I promise you.
You do not want to miss out onthis because you are afraid to
click a button and schedule acall.
I have times available in themonth of March, and if you're
listening to this in the future,I'm certain that I'll have time
to speak with you then please donot wait.
The longer you wait, the longeryou stay stressed and the more
(18:37):
your kids feel it.
I would absolutely love to havea conversation with you, so jump
on that clarity call.
But remember.
Simple things you can do.
Narrate your decisions, let yourkids earn, and then practice.
Wait, save, and choose.
That's it for this week.
Accelerators go out and make adifference.
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