Are You Making This ONE MISTAKE That Ruins Your Child's Financial Future? | REAL MONEY

How do wealth, parenting, and financial literacy connect when raising the next generation? In this episode, Blake Johnson and I break down how families can build lasting legacies by teaching kids the value of money and responsibility.Discover why spoiling children destroys financial discipline, how the Rockefeller vs. Vanderbilt wealth strategies shaped generations, and why creating a family banking system could be the key to raising financially independent kids.This conversation goes beyond traditional money talks—it’s about money mindset, family values, and raising children with ACCOUNTABILITY instead of entitlement.🎙️ What you’ll learn in this episode:- Why we must stop spoiling kids and give them space to struggle- How to use a family banking system to teach accountability- The role of financial literacy in parenting- The difference between the Rockefeller approach (wealth preservation) vs. Vanderbilt (wealth loss)- How to eliminate entitlement with practical strategies- Why open conversations about money strengthen families*C H A P T E R S:*0:00 - Intro 0:45 - Guest: Blake Johnson1:53 - "Money is one of the most triggering conversations."3:12 - The Rockefeller vs. Vanderbilt Approach5:20 - Teaching Financial Responsibility to Kids8:56 - Why Kids Should Struggle12:45 - Open Conversations About Money15:09 - "High-Low-Learn" Conversations16:38 - "The crushing weight of debt was just on his mind."19:07 - Building Financial and Emotional Intelligence23:24 - What is Family Banking?27:16 - Teaching Kids about Investing30:34 - The Importance of Mindset32:54 - Rapid Fire Game: This or That35:08 - Connect with Blake 35:35 - Outro🔗 Connect with Blake JohnsonWebsite: https://yourfb.com/LinkedIn: https://www.linkedin.com/in/myfamilybank#realmoney #teachingkidsaboutmoney #familybanking Find and follow Lisa Chastain:Website: https://lisachastain.comInstagram: https://www.instagram.com/savvymoneywithlisa/Facebook: https://www.facebook.com/savvymoneywithlisa