February 27, 2025 • 28 mins
Are you aware of the gender gap in financial literacy? In this episode, James Comblo shares the impact of programs like Her Wealth, designed to empower girls aged 16-28 with the tools for financial independence. Through candid discussions, relatable anecdotes, and actionable strategies, we explore how parents and educators can foster environments that prioritize vital financial conversations. We aim to dismantle the stigma surrounding money discussions and encourage open dialogues about spending, saving, and budgeting.
From practical tips for managing credit to insights on developing a healthy relationship with finances, this episode is packed with valuable information that every parent and young woman should hear. Join us as we advocate for a brighter financial future for young women by bridging the gaps that exist.
We'll discuss:
• Overview of financial literacy statistics among young women
• Discussion of the importance of financial education for students
• Insightful perspectives on the gender gap in financial knowledge
• Analysis of real-world examples demonstrating the impact of education
• Practical strategies for parents to engage in financial discussions
• Resources available for teachers and parents to support financial literacy
If you know any young women between the ages of 16 and 28, connect them with the Her Wealth's free webinars.
Free financial literacy curriculum at the Council for Economic Education.
💡 This episode is CPD accredited!
Educators can now earn Continuing Professional Development (CPD) minutes by listening. To claim your certificate:
- Listen to the full episode
- Visit https://thecpd.group/podcast
- Enter code 800062 to check in and download your certificate
Continue your professional growth—one episode at a time.
Great News! The Brighter Side of Education is now CPD Accredited!
Sponsored by Dr. Gregg Hassler Jr., DMD
Trusted dental care for healthy smiles and stronger communities—building brighter futures daily.
Head to the show notes to find if this episode is CPD eligible and details on how to claim your CPD certification!
Sponsored by Dr. Gregg Hassler Jr., DMD
Trusted dental care for healthy smiles and stronger communities—building brighter futures daily.
If you have a story about what's working in your schools that you'd like to share, email me at lisa@drlisahassler.com or visit www.drlisahassler.com. Subscribe, tell a friend, and consider becoming a supporter by clicking the link: https://www.buzzsprout.com/2048018/support.
The music in this podcast was written and performed by Brandon Picciolini of the Lonesome Family Band. Visit and follow him on Instagram.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Dr. Lisa Hassler (00:00):
Not all financial challenges are equal.
Today we're tackling the gendergap in financial literacy and
sharing actionable ways toempower the next generation of
women with the knowledge theyneed to thrive.
Welcome to the brighter side ofeducation, research, innovation
(00:27):
and resources.
I'm your host, dr Lisa Hassler,here to enlighten and brighten
the classrooms in Americathrough focused conversation on
important topics in education.
In each episode, I discussproblems we as teachers and
parents are facing and whatpeople are doing in their
communities to fix it.
What are the variables and howcan we duplicate it to maximize
(00:47):
student outcomes?
In episode 40, guiding Childrento Financial Fluency, I spoke
with family financial advisorAnthony Delaney about the impact
of early financial literacyeducation and shared how his
Owning the Dash book series isbeing used as a valuable
resource by teachers and parents.
And today we narrow thatdiscussion to the prevailing
(01:08):
gender gap and offer solutionsto increase female financial
literacy.
But let's take a moment andshare these numbers.
Allow them to soak in.
Nearly half of Americans 40%have less than $300 in savings.
Among millennials, only one infour demonstrates basic
financial literacy.
Perhaps the most alarming isthat half of today's youth are
(01:31):
projected to earn less thantheir parents.
Now, for young women, thesechallenges are even more acute
as they've been historicallyunderserved by the financial
world, making financial literacyeducation not just beneficial
but essential for creating equalaccess to financial opportunity
.
There is hope, however.
The Council for EconomicEducation's research shows that
(01:52):
students who receive personalfinance education make
significantly differentfinancial choices, demonstrating
improved credit scores, reduceddefault rates, higher
likelihood of having a creditfile and lower rates of
outstanding debt.
Now these numbers haveinfluenced 35 states to make
(02:14):
financial literacy not only partof their high school curriculum
, but as a required course forgraduation, and the number of
states grows yearly.
Research from Lussardi andMitchell, published in the
Annual Review of Economics,alongside a longitudinal study
by Chen and Volpe, revealscompelling evidence about the
gender gap in financial literacy.
Now, while the gap emerges asearly as middle school, with
(02:36):
young girls showing markedlyless confidence in math and
money-related topics despiteequal academic performance,
targeted interventions showpromising results.
Chen and Volpe's study foundthat schools implementing
specific financial educationprograms saw a 40% increase in
female students' financialconfidence and a 35% improvement
(02:57):
in practical financialdecision-making skills.
These findings underscore boththe challenge and the
opportunity before us To discussfemale-targeted financial
programs in depth.
I'm thrilled to welcome JamesComblo, president and CEO of FSC
Wealth Advisors, james bringsan insightful perspective to
(03:19):
today's conversation, as both afinancial planner and father of
three girls.
Through his program, her Wealth, he's empowering young women to
take control of their financialfutures by helping them create
the lives they want, not thelives they're forced to live.
Welcome to the podcast, james.
James Comblo (03:38):
Thank you, Lisa.
Dr. Lisa Hassler (03:39):
Now you've written up that financial
literacy doesn't happen byaccident, yet we expect people
to somehow master moneymanagement without direct
education.
As both a financial advisor anda father of three daughters,
what do you see as the missingpiece in how we approach
financial education in America?
James Comblo (03:58):
Yeah, so I think historically we've kind of
missed teaching our youth aboutmoney, right, it's always been
taboo, nobody wants to talkabout it.
You're not supposed to talkabout how much you have or don't
have or any of these things andso I think that's historically
been the missing piece.
Now I do know they're startingto incorporate personal finances
(04:19):
and economics into high schoolcourses and that kind of stuff.
But there's always thedifference between the textbook,
which is what I think you findin a lot of classroom settings,
and real life, right, definitely.
And I, you know, just being afinancial planner, when I took
my series seven I went throughthat where I'm reading the book,
I'm studying and learningeverything that they're trying
to teach you, and then you getinto the real world and 95% of
(04:42):
that maybe doesn't actuallyapply, you know.
And so I think that's been thebiggest missing link is how do
you take what you learn intoday's world in the classroom
and really apply it to real life?
Dr. Lisa Hassler (04:52):
I've even heard different therapists say
not to burden your child withfinancial problems or woes or
discussions to add anxiety ontothem, and so maybe that makes
them a little cautious abouttalking with money to their
children.
James Comblo (05:07):
Yeah, and so I wrote a blog about this a couple
of years back, where I think ithas to be a part of the
conversation.
And I agree with you People donot feel comfortable sharing it,
and a lot of my clients havecome to me over the years and
asked hey, can you speak to mychild or my grandchild?
They're working through this.
I don't feel confident that Ihave the answer right.
You're our person, you're theone who helps us.
(05:28):
Can you help them?
And that's really where thiskind of thought process started.
But in the blog I wrote aboutdefinitely talking about it with
your kids the mistakes as wellas the good things right.
They will learn as fast fromthe mistakes as they will from
the positives that you tell them, but I think including them in
the conversation as a part of itwill go a lot further than you
(05:50):
know.
I'm the expert, you're thestudent and I'm going to tell
you what to do.
Right, like this is what we'vedone here were the bad things,
here were the good things right.
Dr. Lisa Hassler (05:58):
Yeah.
James Comblo (05:58):
And making it real .
Dr. Lisa Hassler (06:06):
I've noticed a difference, just as I've gotten
older, that my financialknowledge has increased and so
I'm able to give betterfinancial advice to my youngest
child, you know, versus my olderchild, who was in a different
phase of my life.
As a financial planner, you'vesat across the table from
hundreds of women in variouslife situations, from couples
planning their future to thosenavigating widowhood or even
(06:27):
divorce.
What kind of patterns have youseen that have inspired you to
create Her Wealth specificallyfor young women?
James Comblo (06:36):
Yeah.
So there's a couple of things,the first being that women,
historically, have not beenincluded in the conversation,
right, for some reason, men justthink this is what we do.
I think men enjoy it more thanwomen do, quite honestly, and
I've seen this where, even withnew clients that are coming to
meet me for the first time, thehusband will say, hey, I do the
money, so I'll come in.
(06:57):
And I say, well, it's both ofyour plans, so let's make sure
your wife is with us, and if shecan't make it that day, we'll
find a different day.
But her opinion matters, and Ithink you know they just don't
feel confident either speakingup, and I've seen many women
look at the husband for theanswer during the conversation
we're having and I say, well, Iheard his answer, I want to hear
your answer.
(07:17):
Right, and just letting themknow that it's a safe space to
voice any concerns, questions,thoughts that they have.
There's no wrong answers,there's no stupid questions,
right?
It's all about education, and Ithink that's been the most
glaring pattern.
That stands out is just that thewomen aren't involved, and
about a year and a half ago Ihad a lady come sit down with me
.
She had just lost her husbandtragically, six months earlier,
(07:39):
very unexpected, and they hadmillions of dollars, and she
didn't know that they had anymoney at all, like she had no
idea and then, and so that was,you know, obviously very
difficult to help her through.
But then I had another lady whoher husband.
She was very involved ineverything, but her husband made
the final decision oneverything and she said to me if
something happens to him, willyou be there to take care of me?
(08:02):
I said, of course, but I'mgoing to give you the tools to
make sure that you can take careof yourself if I'm not here,
because that's, you know, one ofthe main things that we have to
make sure of.
Dr. Lisa Hassler (08:12):
What a lot of the studies are showing is that
confidence level of.
I feel confident enough to beable to handle those finances
and whatever it is investments,stocks, ira, retirement accounts
they can get so complex if youdon't have confidence in being
able to manage in the interest.
See where a lot of people arein those positions.
James Comblo (08:33):
Yeah, and I'll say , like with my own personal
situation, my wife.
She's one of the smartestpeople that I've ever met, ever
been around.
She's super intelligent.
She just doesn't really liketalking about finances and
figuring out the budget and allthat stuff.
Yeah, own family.
(08:53):
It has every document you'llpossibly need.
It has a list of names ofpeople to call different things.
What do you do if somethinghappens?
In the first 30 days, 60 days?
But I sit with her and we gothrough it at least once a year
and I say here's all thedocuments, here's all the
accounts we have.
She knows these are ouraccounts, these are why we have
them and at a very high level,she can at least ask intelligent
(09:15):
questions of the next personthat will take over managing our
finances for her.
And she has that baselineeducation.
She just doesn't enjoy it soshe doesn't want to do it every
day.
Dr. Lisa Hassler (09:25):
My husband really enjoys that and I don't,
so I love the idea of a planner.
They have access to seeing theaccounts.
Knowing the information,knowing who to reach out to, is
really crucial for what you'reexperiencing with women that
were going through differentlife situations and being able
to have the confidence to say,oh, I know exactly where to go
(09:45):
now because all the informationis in this place and I know who
to contact.
I know how to handle it.
That confidence really makes adifference.
You have three daughters.
I have a daughter as well, and Iwas telling you how I have
different life advice that I'vegiven her versus my oldest son,
because of my various stages inlife as well, and confidence to
be able to talk with her, and Iknow that I've handled her
(10:08):
financial knowledge verydifferently than I did my oldest
.
It had nothing to do withgender, but more of where I was
in life and how confident I wasas a mother.
So how do you approach herwealth?
What does a young womanexperience when she joins your
webinars and how does theprogram build that bridge
(10:28):
between the financial knowledgeand the confidence?
James Comblo (10:31):
So I have three daughters and a wife and one of
the things that keeps me up atnight is what will they do if
something happens to me?
And I have this saying it's ajoke that I say it's not really
a joke, but it's kind of a jokeI say I'm raising Spartans.
My girls are going to be tough,they're going to be fearless
and they are going to not needanybody else's help.
They'll probably take it and Ihope they will, but I'm going to
(10:52):
teach them everything I can.
And that was kind of thethought process behind HerWell
where we started.
We wanted it to be a safe spacefor anybody.
There's no baseline knowledgeyou have to have.
You can know nothing and showup and hopefully learn something
that you can implement tomorrow.
So the first thing we do is,when you sign up, we solicit
feedback.
We want to know what questionsare you thinking?
(11:13):
Why did you sign up?
What do you actually want toknow?
And that helps us build thepresentation that we're going to
do in any given setting.
So one that we did a couple ofmonths ago, I think.
We had like 75 questionssubmitted and then we kind of
break them down into groups andwe say, okay, these three things
are the topics we're going totalk about tonight, and we try
to get deep enough where theycan actually learn and apply,
(11:35):
but it's high level enough where, if you're not at the point
where you're going to startdoing it tomorrow, you still
have an understanding of what wespoke about and you're good for
when you need it in the future.
And I think that's really themain thing is being able to use
their words to answer theirquestions for them, and then
you're going to get theknowledge right.
We're going to give you thereal world experience.
We're going to cut out all thefluff that you get in the
classroom, and one of the thingswe heard over the last couple
(11:59):
of months is that, hey, I'mlearning about this in school,
but we never heard somebody talkabout it that way, and I give a
lot of real world examples ofwhy this is what you hear on TV,
but this is what you actuallyneed to be doing, and here's the
disconnect between the two.
So that's the whole goal is howdo we make it a place where you
feel confident to show up, askyour questions, be heard and
(12:20):
then eventually get themanswered?
Dr. Lisa Hassler (12:22):
And so they would go to your website to sign
up for this.
Where do you access it?
James Comblo (12:27):
Yeah, so they can sign up through our website.
It's been a lot of word ofmouth.
Some Facebook groups that havemothers of different
neighborhoods or areas they'vesaid hey, there's this webinar
happening tonight.
It's at 6 pm.
Sign up and you can get on andlearn.
Dr. Lisa Hassler (12:42):
What kinds of topics do you generally lean
towards?
James Comblo (12:52):
What aspects of financial literacy?
Yeah, so a lot of the time,because the age group is
basically 16 to 28.
And the idea behind that wasthese young women are going to
college, they're picking careers, they're entering the workforce
, they're probably going tostart making money at some point
soon.
But the other side of it is,once you reach age 35, the
thoughts and things that arekind of ingrained in your mind
(13:12):
usually don't change.
After that.
It's like a 10% chance that youadjust your approach, and so we
want to get you in that windowwhere it's really formative,
right Before you get your firstpaycheck.
We want you to understand how amI going to set my budget up?
Where are my dollars going togo before we actually receive
that money?
And so that's why we targetedthat group.
But some of the topics havebeen like a lot of the girls
(13:33):
asked what is a budget?
How do you set up a budget?
What's the best way to executea budget?
What is debt?
What's college debt?
What's a mortgage?
Right?
How do I buy a car?
Like these types of things?
And to answer that question, Ithink you got to start with a
goal right.
You have to set your goals.
What are you trying to actuallyaccomplish, and then we can
back into answering all thosethose different things, and so
(13:54):
that's a couple of the topicsthat we've talked about over the
past.
Dr. Lisa Hassler (13:57):
For my daughter when she started
working.
We sat her down and my husbandsaid talk with your life coach
about getting a budget.
And then he sat down with herand said, okay, let's go through
this whole thing together.
And then a friend of ours whois a CPA.
We asked him to sit down withher and talk about investments.
She was 18 years old, talkingabout all right, you have this
(14:19):
money.
You should be thinking aboutretirement.
If this is your budget when youhave a home, how are you going
to get a home?
How are you going to save thatmoney?
Where can you invest it now toearn more money?
Instead of sitting in a savingsaccount, can you earn more
money in a CD or something likethat?
So to have a financial advisorlike yourself, be able to give
(14:40):
some strategically differentadvice that really makes
financial sense goes muchfurther in their financial
future and their confidence tobe able to say my money's not
just going to sit here, I'mgoing to make it work for me.
James Comblo (14:54):
Yeah, one of the baseline topics that we spoke
about was just assets versusliabilities, right, like what is
an actual asset?
And the most simple way I couldbreak it down was from the Rich
Dad Poor Dad book, where hesaid an asset puts money in your
pocket and a liability takesmoney out.
And a lot of people thinkbuying that nice car is an asset
, but every day it loses value,right, and you're shelling money
(15:16):
out to own that car.
And so just kind of breakingdown those fundamental things
We've talked about investing andwhat an actual stock is and
what debt is and bonds and allthat stuff, and I tried to
relate it to things like collegedebt, right.
But yeah, it really starts withwhat are you trying to do?
How do we break that down intosmaller steps to then get there?
And for the new year, we sentout an email blast to everybody
(15:38):
who's attended in the past andwe said, hey, great time to
start looking at your goals.
Here's five quick tips that wewould do immediately, with real
life examples, to get 2025started off on the right path.
Dr. Lisa Hassler (15:50):
What unexpected insights have you
gained from working with youngwomen through HerWealth?
James Comblo (15:56):
Quite honestly, I guess the lack of the grasp of
the base knowledge that peopleneed to have while entering
their working years, the factthat nobody understands what
taxes are and how they work, andall that.
That's a fundamental piece ofbeing successful and I always go
back to if you make $50,000 ayear for 40 years, you're going
(16:17):
to earn somewhere between Idon't know $3 and $5 million.
But how much of that are yougoing to keep?
That's the real question.
And then taxes play a massivepart in that.
So just understanding howyou're taxed and that we live in
a progressive tax system and Ithink that was the biggest
glaring thing was just that,again, these girls wanted to
know about budgeting, which isso basic right in our minds, but
(16:40):
they're actually thirsty forthe knowledge.
That was also prettyeye-opening to me.
Dr. Lisa Hassler (16:45):
And you know what I was really surprised with
is we were helping my daughterplan for buying a home, so she
bought her first home just a fewmonths ago.
She's 21 years old.
She had saved her money.
She followed all the greatadvice that these financial
advisors and myself and myhusband had provided her, so
really gave her a great base.
But one thing I was notprepared for was the fact that
(17:07):
she didn't have a credit historyat such a young age.
My whole stance on credit cardwas don't ever get a credit card
because I don't want you tofall into some financial hole.
And instead they were like sheneeds to have a credit card and
I thought, oh my gosh, this isnot where I thought this was
going.
So this was advice that someonelike you could give a young
(17:30):
woman to say these are thingsthat you need to start thinking
about to build a credit historyin order to be able to get loans
in the future and how to managethat.
James Comblo (17:41):
Yeah, some advice that I've always given, because
you're 100% right, you do need acredit history.
It's the way you get thingsdone in life.
I like to say but you don'twant to get in trouble and I've
helped a lot of people out ofreally bad debt situations.
What I tell people is get thecredit card, only buy things
that you can pay for in cashtoday.
(18:03):
And maybe you know, if you havelike, like I have Con Edison
right.
So I put my Con Ed bill on mycredit card.
I put different things on thecredit card because I know I'm
going to pay them.
I have to pay them either way,but at least I'm getting reward
points and then I use thosepoints effectively to help my
family travel and do those kindsof things.
So the things that have to bepaid every single month they're
(18:28):
coming like clockwork, or thingsthat you're going to buy in
cash I would say you can put iton the credit card.
But outside of that, you don'twant to make a big purchase on a
credit card that you're goingto be paying 25% or 30% interest
over 10 years.
I think that makes no sense andyou got to kind of create those
guardrails for anybody who'sjust starting.
Dr. Lisa Hassler (18:42):
Yes, absolutely.
And what kind of rewards am Igoing to get?
How much are the fees going tobe?
How are you going to actuallygain something from that
relationship other than thecredit history Things to
consider?
So those are greatconversations.
Could you share a specificsuccess story, then, that stands
out from one of your HerWealthparticipants.
James Comblo (19:01):
Yeah, there's one specific story that started a
couple of years back with thedaughter of a client of mine
where she just entered theworkforce.
She's in her early twenties.
She had this great title she'sa rock star, she's at a really
big company, she's gettingpromoted quickly and she's got
all this money and all thesegoals but doesn't really know
how to allocate them.
And I took her through theprocess that we're implementing
(19:24):
in all these HerWealth seminarsand webinars and meetings that
we're doing.
She just bought her first houseall by herself.
She didn't need mom and dad'shelp.
She's not married yet, so shedidn't use her spouse's money
and she implemented all thethings that we've done to get
her where she wants to be.
By the way, she's also got agreat retirement savings already
(19:45):
started, so she's got longevitythere and she'll continue to do
that.
And she did it all using theright process, the right thought
process, which I always say.
It's simple to become wealthy,but it's not easy and it
requires consistency and she'skind of the shining star, I
would say, in the whole thoughtprocess of what we're doing.
Dr. Lisa Hassler (20:27):
That's great to hear Flipping confidence
builder to say I can stand on myown two feet, this is what I've
earned, I've saved it, I madethese decisions and look at
where it's gotten me.
And so that really does buildthat confidence with being able
to have trusted advice andfollowing that trusted advice.
James Comblo (20:46):
Yeah, I mean, that's incredible Buying her own
house by the time she's 21.
Dr. Lisa Hassler (20:51):
Yeah.
James Comblo (20:51):
That's great, so kudos to you as mom and dad.
My own personal story I was thefirst person in my family to
buy a home and I did it sixmonths before I was 30.
I thought that was such anaccomplishment.
And now to help people and hearabout people in their early 20s
buying homes on their own, Imean that's incredible.
Dr. Lisa Hassler (21:09):
Yeah, definitely.
I think it's exciting becausewhat you're doing helps build
young women to have theconfidence to be able to do
things like that.
What kind of transformations doyou witness in financial
confidence or decision making inparticipants overall?
James Comblo (21:26):
So one of the young women who was on one of
the webinars we did in I thinkit was November she was in her
mid to late twenties, making alot of money, but had all of
this bad debt, essentially andshe just said I now know how I'm
going to attack this.
This was great.
I can't wait for the next one,because she basically put
together a high level plan ofattacking her debt using
(21:47):
something we went over.
I call it the debt snowball.
It's like, hey, here's the wayto think about this, here's how
you're going to attack it.
One by one, you're going tobuild momentum, which is then
going to make you more confidentthat you can actually pay it
all down, and then, once you getthat figured out now, you're
going to start to accumulateretirement assets and all that
kind of stuff.
So watching that transformationhappen within one hour
conversation that we essentiallyhad was great.
Dr. Lisa Hassler (22:15):
Yeah, it really is.
Your program is making a lot ofimpacts on individual young
women, like you were talkingabout, with being able to attack
that and save for homes andretirement.
How do you envision HerWealthscaling to reach more schools or
communities and what does thatmean for closing the financial
literacy gender gap?
James Comblo (22:29):
So going forward we just implemented that
newsletter that we're going tosend out it's and what does that
mean for closing the financialliteracy gender gap?
So, going forward, we justimplemented that newsletter that
we're going to send out.
It's going to be bi-monthly orquarterly.
The idea is to get people toshare it, get more people
involved and hopefully, I meanmy grand vision is to have
chapters across the countrywhere, if you want to see
somebody in person and haveother young women involved in
teaching, I also think it'sgoing to make a lot of sense to
(22:51):
bring mothers into theconversation, because we want to
approach the younger group, butI've also found that they're
not as confident to ask thequestion they want to ask in the
moment, and so I think having amother or an older female
figure who's confident enough toask the question or at least
regurgitate what they were justasked on the side will go a long
(23:11):
way to making more impact.
And I think that's it.
How do we get that knowledgebase into a generation where
they're not out of that growthstage, like I talked about,
right after the age of 35?
How do we get that knowledgeinto them today and set them up
for that longer term future sothat 40 years from now, when I'm
looking back on my career, Ican say, hey, we've helped a lot
(23:33):
of young women actually figurethis out, and the country's
better off for it.
Dr. Lisa Hassler (23:37):
Yeah, I think that's exciting.
I hope that happens.
I'm 100% behind that one.
So let's end with somepractical advice for our
listeners.
As a financial advisor who'salso raising daughters, what are
your top strategies for parentsto build financial confidence
at home?
James Comblo (23:55):
Yeah.
So it's funny I have afive-year-old she's almost six
and we don't talk about money.
We talk about money, but what Italk about with her is creating
value.
How do you create value in ourhousehold?
And we'll give you rewards,which is often money, right?
She'll say, like she saw meleaving this morning.
(24:16):
She said, oh, you're going tothe office, you're going to get
the money, because she thinkslike I'm working to get money,
right.
But I also tell her that moneyis useless.
We don't want the money, wewant what the money can do for
us.
And so once she does somethingin the house and we give her a
reward of, say, a dollar, wethen ask her okay, do you want
(24:36):
to share it, save it or spend it?
And we give her those choicesto also create that tangibility
of the money.
Here's the actual value of it.
And then I bring them to Costcoand we talk about different
reasons we can or we can't buythings, how much it costs, and
she's really into math, and sowe kind of go through all that
stuff together, which isinteresting to see, and I just
(24:56):
think having those conversationsnow right, if you're 15, 16
years old or you have a kidwho's 15, 16, talk to them about
credit card debt, right?
Hey, here's our credit cardstatement.
Here's what happens if we don'tpay it.
Here's what happens when we dopay it.
Here's the points we get as areward.
Just to use that example againand just going through those
(25:16):
real world experiences of whatyou're doing, the decisions
you're making and why you'remaking them, and then allowing
them to just ask questions.
Dr. Lisa Hassler (25:31):
Yeah, Sometimes sharing what went
wrong.
This is what I learned from it.
Just being able to have thoseopen conversations like nothing
is off the table.
James Comblo (25:36):
Yeah, I could not agree more, and I I think more
than just money like this isgoing to impact their lives and
and make them understand thatyou're somebody who will be
there as a trusted supportsystem, not somebody who's going
to scold them and hopefullymake them more open to talking
to you about things later on inlife if they ever need your help
.
So I think these conversations,although we're talking about
(26:00):
money, they filter or factorinto the rest of your life as
well, and so I think they'resuper important to have.
Dr. Lisa Hassler (26:06):
Yeah, absolutely Well.
Thank you so much, James, fornot only sharing your insights
today, but for turning yourobservations into action.
Through Her Wealth, You'rehelping young women write their
own financial stories ratherthan inherit someone else's.
James Comblo (26:20):
Thank you for having me, lisa, it was great.
Dr. Lisa Hassler (26:23):
Here are some ways that you can take action.
Educators, you can access freefinancial literacy curriculum at
the Council for EconomicEducation's website.
Parents, start those dinnertable money conversations
tonight using James' strategies.
And if you know any young womenbetween the ages of 16 and 28,
connect them with the HerWealth's free webinars at
(26:44):
fscwealthadvisorscom.
And links to all theseresources are in our show notes.
If you have a story aboutwhat's working in your schools
that you'd like to share, youcan email me at lisa at
drlisahasslercom, or visit mywebsite at wwwdrlisahasslercom
and send me a message.
If you like this podcast,subscribe and tell a friend.
(27:06):
The more people that know, thebigger impact it will have.
And if you find value to thecontent in this podcast,
consider becoming a supporter byclicking on the supporter link
in the show notes.
It is the mission of thispodcast to shine light on the
good in education so that itspreads, affecting positive
change.
So let's keep working togetherto find solutions that focus on
(27:26):
our children's success.
Not all financial challenges are equal.
Today we're tackling the gendergap in financial literacy and
sharing actionable ways toempower the next generation of
women with the knowledge theyneed to thrive.
Welcome to the brighter side ofeducation, research, innovation
(00:27):
and resources.
I'm your host, dr Lisa Hassler,here to enlighten and brighten
the classrooms in Americathrough focused conversation on
important topics in education.
In each episode, I discussproblems we as teachers and
parents are facing and whatpeople are doing in their
communities to fix it.
What are the variables and howcan we duplicate it to maximize
(00:47):
student outcomes?
In episode 40, guiding Childrento Financial Fluency, I spoke
with family financial advisorAnthony Delaney about the impact
of early financial literacyeducation and shared how his
Owning the Dash book series isbeing used as a valuable
resource by teachers and parents.
And today we narrow thatdiscussion to the prevailing
(01:08):
gender gap and offer solutionsto increase female financial
literacy.
But let's take a moment andshare these numbers.
Allow them to soak in.
Nearly half of Americans 40%have less than $300 in savings.
Among millennials, only one infour demonstrates basic
financial literacy.
Perhaps the most alarming isthat half of today's youth are
(01:31):
projected to earn less thantheir parents.
Now, for young women, thesechallenges are even more acute
as they've been historicallyunderserved by the financial
world, making financial literacyeducation not just beneficial
but essential for creating equalaccess to financial opportunity
.
There is hope, however.
The Council for EconomicEducation's research shows that
(01:52):
students who receive personalfinance education make
significantly differentfinancial choices, demonstrating
improved credit scores, reduceddefault rates, higher
likelihood of having a creditfile and lower rates of
outstanding debt.
Now these numbers haveinfluenced 35 states to make
(02:14):
financial literacy not only partof their high school curriculum
, but as a required course forgraduation, and the number of
states grows yearly.
Research from Lussardi andMitchell, published in the
Annual Review of Economics,alongside a longitudinal study
by Chen and Volpe, revealscompelling evidence about the
gender gap in financial literacy.
Now, while the gap emerges asearly as middle school, with
(02:36):
young girls showing markedlyless confidence in math and
money-related topics despiteequal academic performance,
targeted interventions showpromising results.
Chen and Volpe's study foundthat schools implementing
specific financial educationprograms saw a 40% increase in
female students' financialconfidence and a 35% improvement
(02:57):
in practical financialdecision-making skills.
These findings underscore boththe challenge and the
opportunity before us To discussfemale-targeted financial
programs in depth.
I'm thrilled to welcome JamesComblo, president and CEO of FSC
Wealth Advisors, james bringsan insightful perspective to
(03:19):
today's conversation, as both afinancial planner and father of
three girls.
Through his program, her Wealth, he's empowering young women to
take control of their financialfutures by helping them create
the lives they want, not thelives they're forced to live.
Welcome to the podcast, james.
James Comblo (03:38):
Thank you, Lisa.
Dr. Lisa Hassler (03:39):
Now you've written up that financial
literacy doesn't happen byaccident, yet we expect people
to somehow master moneymanagement without direct
education.
As both a financial advisor anda father of three daughters,
what do you see as the missingpiece in how we approach
financial education in America?
James Comblo (03:58):
Yeah, so I think historically we've kind of
missed teaching our youth aboutmoney, right, it's always been
taboo, nobody wants to talkabout it.
You're not supposed to talkabout how much you have or don't
have or any of these things andso I think that's historically
been the missing piece.
Now I do know they're startingto incorporate personal finances
(04:19):
and economics into high schoolcourses and that kind of stuff.
But there's always thedifference between the textbook,
which is what I think you findin a lot of classroom settings,
and real life, right, definitely.
And I, you know, just being afinancial planner, when I took
my series seven I went throughthat where I'm reading the book,
I'm studying and learningeverything that they're trying
to teach you, and then you getinto the real world and 95% of
(04:42):
that maybe doesn't actuallyapply, you know.
And so I think that's been thebiggest missing link is how do
you take what you learn intoday's world in the classroom
and really apply it to real life?
Dr. Lisa Hassler (04:52):
I've even heard different therapists say
not to burden your child withfinancial problems or woes or
discussions to add anxiety ontothem, and so maybe that makes
them a little cautious abouttalking with money to their
children.
James Comblo (05:07):
Yeah, and so I wrote a blog about this a couple
of years back, where I think ithas to be a part of the
conversation.
And I agree with you People donot feel comfortable sharing it,
and a lot of my clients havecome to me over the years and
asked hey, can you speak to mychild or my grandchild?
They're working through this.
I don't feel confident that Ihave the answer right.
You're our person, you're theone who helps us.
(05:28):
Can you help them?
And that's really where thiskind of thought process started.
But in the blog I wrote aboutdefinitely talking about it with
your kids the mistakes as wellas the good things right.
They will learn as fast fromthe mistakes as they will from
the positives that you tell them, but I think including them in
the conversation as a part of itwill go a lot further than you
(05:50):
know.
I'm the expert, you're thestudent and I'm going to tell
you what to do.
Right, like this is what we'vedone here were the bad things,
here were the good things right.
Dr. Lisa Hassler (05:58):
Yeah.
James Comblo (05:58):
And making it real .
Dr. Lisa Hassler (06:06):
I've noticed a difference, just as I've gotten
older, that my financialknowledge has increased and so
I'm able to give betterfinancial advice to my youngest
child, you know, versus my olderchild, who was in a different
phase of my life.
As a financial planner, you'vesat across the table from
hundreds of women in variouslife situations, from couples
planning their future to thosenavigating widowhood or even
(06:27):
divorce.
What kind of patterns have youseen that have inspired you to
create Her Wealth specificallyfor young women?
James Comblo (06:36):
Yeah.
So there's a couple of things,the first being that women,
historically, have not beenincluded in the conversation,
right, for some reason, men justthink this is what we do.
I think men enjoy it more thanwomen do, quite honestly, and
I've seen this where, even withnew clients that are coming to
meet me for the first time, thehusband will say, hey, I do the
money, so I'll come in.
(06:57):
And I say, well, it's both ofyour plans, so let's make sure
your wife is with us, and if shecan't make it that day, we'll
find a different day.
But her opinion matters, and Ithink you know they just don't
feel confident either speakingup, and I've seen many women
look at the husband for theanswer during the conversation
we're having and I say, well, Iheard his answer, I want to hear
your answer.
(07:17):
Right, and just letting themknow that it's a safe space to
voice any concerns, questions,thoughts that they have.
There's no wrong answers,there's no stupid questions,
right?
It's all about education, and Ithink that's been the most
glaring pattern.
That stands out is just that thewomen aren't involved, and
about a year and a half ago Ihad a lady come sit down with me
.
She had just lost her husbandtragically, six months earlier,
(07:39):
very unexpected, and they hadmillions of dollars, and she
didn't know that they had anymoney at all, like she had no
idea and then, and so that was,you know, obviously very
difficult to help her through.
But then I had another lady whoher husband.
She was very involved ineverything, but her husband made
the final decision oneverything and she said to me if
something happens to him, willyou be there to take care of me?
(08:02):
I said, of course, but I'mgoing to give you the tools to
make sure that you can take careof yourself if I'm not here,
because that's, you know, one ofthe main things that we have to
make sure of.
Dr. Lisa Hassler (08:12):
What a lot of the studies are showing is that
confidence level of.
I feel confident enough to beable to handle those finances
and whatever it is investments,stocks, ira, retirement accounts
they can get so complex if youdon't have confidence in being
able to manage in the interest.
See where a lot of people arein those positions.
James Comblo (08:33):
Yeah, and I'll say , like with my own personal
situation, my wife.
She's one of the smartestpeople that I've ever met, ever
been around.
She's super intelligent.
She just doesn't really liketalking about finances and
figuring out the budget and allthat stuff.
Yeah, own family.
(08:53):
It has every document you'llpossibly need.
It has a list of names ofpeople to call different things.
What do you do if somethinghappens?
In the first 30 days, 60 days?
But I sit with her and we gothrough it at least once a year
and I say here's all thedocuments, here's all the
accounts we have.
She knows these are ouraccounts, these are why we have
them and at a very high level,she can at least ask intelligent
(09:15):
questions of the next personthat will take over managing our
finances for her.
And she has that baselineeducation.
She just doesn't enjoy it soshe doesn't want to do it every
day.
Dr. Lisa Hassler (09:25):
My husband really enjoys that and I don't,
so I love the idea of a planner.
They have access to seeing theaccounts.
Knowing the information,knowing who to reach out to, is
really crucial for what you'reexperiencing with women that
were going through differentlife situations and being able
to have the confidence to say,oh, I know exactly where to go
(09:45):
now because all the informationis in this place and I know who
to contact.
I know how to handle it.
That confidence really makes adifference.
You have three daughters.
I have a daughter as well, and Iwas telling you how I have
different life advice that I'vegiven her versus my oldest son,
because of my various stages inlife as well, and confidence to
be able to talk with her, and Iknow that I've handled her
(10:08):
financial knowledge verydifferently than I did my oldest
.
It had nothing to do withgender, but more of where I was
in life and how confident I wasas a mother.
So how do you approach herwealth?
What does a young womanexperience when she joins your
webinars and how does theprogram build that bridge
(10:28):
between the financial knowledgeand the confidence?
James Comblo (10:31):
So I have three daughters and a wife and one of
the things that keeps me up atnight is what will they do if
something happens to me?
And I have this saying it's ajoke that I say it's not really
a joke, but it's kind of a jokeI say I'm raising Spartans.
My girls are going to be tough,they're going to be fearless
and they are going to not needanybody else's help.
They'll probably take it and Ihope they will, but I'm going to
(10:52):
teach them everything I can.
And that was kind of thethought process behind HerWell
where we started.
We wanted it to be a safe spacefor anybody.
There's no baseline knowledgeyou have to have.
You can know nothing and showup and hopefully learn something
that you can implement tomorrow.
So the first thing we do is,when you sign up, we solicit
feedback.
We want to know what questionsare you thinking?
(11:13):
Why did you sign up?
What do you actually want toknow?
And that helps us build thepresentation that we're going to
do in any given setting.
So one that we did a couple ofmonths ago, I think.
We had like 75 questionssubmitted and then we kind of
break them down into groups andwe say, okay, these three things
are the topics we're going totalk about tonight, and we try
to get deep enough where theycan actually learn and apply,
(11:35):
but it's high level enough where, if you're not at the point
where you're going to startdoing it tomorrow, you still
have an understanding of what wespoke about and you're good for
when you need it in the future.
And I think that's really themain thing is being able to use
their words to answer theirquestions for them, and then
you're going to get theknowledge right.
We're going to give you thereal world experience.
We're going to cut out all thefluff that you get in the
classroom, and one of the thingswe heard over the last couple
(11:59):
of months is that, hey, I'mlearning about this in school,
but we never heard somebody talkabout it that way, and I give a
lot of real world examples ofwhy this is what you hear on TV,
but this is what you actuallyneed to be doing, and here's the
disconnect between the two.
So that's the whole goal is howdo we make it a place where you
feel confident to show up, askyour questions, be heard and
(12:20):
then eventually get themanswered?
Dr. Lisa Hassler (12:22):
And so they would go to your website to sign
up for this.
Where do you access it?
James Comblo (12:27):
Yeah, so they can sign up through our website.
It's been a lot of word ofmouth.
Some Facebook groups that havemothers of different
neighborhoods or areas they'vesaid hey, there's this webinar
happening tonight.
It's at 6 pm.
Sign up and you can get on andlearn.
Dr. Lisa Hassler (12:42):
What kinds of topics do you generally lean
towards?
James Comblo (12:52):
What aspects of financial literacy?
Yeah, so a lot of the time,because the age group is
basically 16 to 28.
And the idea behind that wasthese young women are going to
college, they're picking careers, they're entering the workforce
, they're probably going tostart making money at some point
soon.
But the other side of it is,once you reach age 35, the
thoughts and things that arekind of ingrained in your mind
(13:12):
usually don't change.
After that.
It's like a 10% chance that youadjust your approach, and so we
want to get you in that windowwhere it's really formative,
right Before you get your firstpaycheck.
We want you to understand how amI going to set my budget up?
Where are my dollars going togo before we actually receive
that money?
And so that's why we targetedthat group.
But some of the topics havebeen like a lot of the girls
(13:33):
asked what is a budget?
How do you set up a budget?
What's the best way to executea budget?
What is debt?
What's college debt?
What's a mortgage?
Right?
How do I buy a car?
Like these types of things?
And to answer that question, Ithink you got to start with a
goal right.
You have to set your goals.
What are you trying to actuallyaccomplish, and then we can
back into answering all thosethose different things, and so
(13:54):
that's a couple of the topicsthat we've talked about over the
past.
Dr. Lisa Hassler (13:57):
For my daughter when she started
working.
We sat her down and my husbandsaid talk with your life coach
about getting a budget.
And then he sat down with herand said, okay, let's go through
this whole thing together.
And then a friend of ours whois a CPA.
We asked him to sit down withher and talk about investments.
She was 18 years old, talkingabout all right, you have this
(14:19):
money.
You should be thinking aboutretirement.
If this is your budget when youhave a home, how are you going
to get a home?
How are you going to save thatmoney?
Where can you invest it now toearn more money?
Instead of sitting in a savingsaccount, can you earn more
money in a CD or something likethat?
So to have a financial advisorlike yourself, be able to give
(14:40):
some strategically differentadvice that really makes
financial sense goes muchfurther in their financial
future and their confidence tobe able to say my money's not
just going to sit here, I'mgoing to make it work for me.
James Comblo (14:54):
Yeah, one of the baseline topics that we spoke
about was just assets versusliabilities, right, like what is
an actual asset?
And the most simple way I couldbreak it down was from the Rich
Dad Poor Dad book, where hesaid an asset puts money in your
pocket and a liability takesmoney out.
And a lot of people thinkbuying that nice car is an asset
, but every day it loses value,right, and you're shelling money
(15:16):
out to own that car.
And so just kind of breakingdown those fundamental things
We've talked about investing andwhat an actual stock is and
what debt is and bonds and allthat stuff, and I tried to
relate it to things like collegedebt, right.
But yeah, it really starts withwhat are you trying to do?
How do we break that down intosmaller steps to then get there?
And for the new year, we sentout an email blast to everybody
(15:38):
who's attended in the past andwe said, hey, great time to
start looking at your goals.
Here's five quick tips that wewould do immediately, with real
life examples, to get 2025started off on the right path.
Dr. Lisa Hassler (15:50):
What unexpected insights have you
gained from working with youngwomen through HerWealth?
James Comblo (15:56):
Quite honestly, I guess the lack of the grasp of
the base knowledge that peopleneed to have while entering
their working years, the factthat nobody understands what
taxes are and how they work, andall that.
That's a fundamental piece ofbeing successful and I always go
back to if you make $50,000 ayear for 40 years, you're going
(16:17):
to earn somewhere between Idon't know $3 and $5 million.
But how much of that are yougoing to keep?
That's the real question.
And then taxes play a massivepart in that.
So just understanding howyou're taxed and that we live in
a progressive tax system and Ithink that was the biggest
glaring thing was just that,again, these girls wanted to
know about budgeting, which isso basic right in our minds, but
(16:40):
they're actually thirsty forthe knowledge.
That was also prettyeye-opening to me.
Dr. Lisa Hassler (16:45):
And you know what I was really surprised with
is we were helping my daughterplan for buying a home, so she
bought her first home just a fewmonths ago.
She's 21 years old.
She had saved her money.
She followed all the greatadvice that these financial
advisors and myself and myhusband had provided her, so
really gave her a great base.
But one thing I was notprepared for was the fact that
(17:07):
she didn't have a credit historyat such a young age.
My whole stance on credit cardwas don't ever get a credit card
because I don't want you tofall into some financial hole.
And instead they were like sheneeds to have a credit card and
I thought, oh my gosh, this isnot where I thought this was
going.
So this was advice that someonelike you could give a young
(17:30):
woman to say these are thingsthat you need to start thinking
about to build a credit historyin order to be able to get loans
in the future and how to managethat.
James Comblo (17:41):
Yeah, some advice that I've always given, because
you're 100% right, you do need acredit history.
It's the way you get thingsdone in life.
I like to say but you don'twant to get in trouble and I've
helped a lot of people out ofreally bad debt situations.
What I tell people is get thecredit card, only buy things
that you can pay for in cashtoday.
(18:03):
And maybe you know, if you havelike, like I have Con Edison
right.
So I put my Con Ed bill on mycredit card.
I put different things on thecredit card because I know I'm
going to pay them.
I have to pay them either way,but at least I'm getting reward
points and then I use thosepoints effectively to help my
family travel and do those kindsof things.
So the things that have to bepaid every single month they're
(18:28):
coming like clockwork, or thingsthat you're going to buy in
cash I would say you can put iton the credit card.
But outside of that, you don'twant to make a big purchase on a
credit card that you're goingto be paying 25% or 30% interest
over 10 years.
I think that makes no sense andyou got to kind of create those
guardrails for anybody who'sjust starting.
Dr. Lisa Hassler (18:42):
Yes, absolutely.
And what kind of rewards am Igoing to get?
How much are the fees going tobe?
How are you going to actuallygain something from that
relationship other than thecredit history Things to
consider?
So those are greatconversations.
Could you share a specificsuccess story, then, that stands
out from one of your HerWealthparticipants.
James Comblo (19:01):
Yeah, there's one specific story that started a
couple of years back with thedaughter of a client of mine
where she just entered theworkforce.
She's in her early twenties.
She had this great title she'sa rock star, she's at a really
big company, she's gettingpromoted quickly and she's got
all this money and all thesegoals but doesn't really know
how to allocate them.
And I took her through theprocess that we're implementing
(19:24):
in all these HerWealth seminarsand webinars and meetings that
we're doing.
She just bought her first houseall by herself.
She didn't need mom and dad'shelp.
She's not married yet, so shedidn't use her spouse's money
and she implemented all thethings that we've done to get
her where she wants to be.
By the way, she's also got agreat retirement savings already
(19:45):
started, so she's got longevitythere and she'll continue to do
that.
And she did it all using theright process, the right thought
process, which I always say.
It's simple to become wealthy,but it's not easy and it
requires consistency and she'skind of the shining star, I
would say, in the whole thoughtprocess of what we're doing.
Dr. Lisa Hassler (20:27):
That's great to hear Flipping confidence
builder to say I can stand on myown two feet, this is what I've
earned, I've saved it, I madethese decisions and look at
where it's gotten me.
And so that really does buildthat confidence with being able
to have trusted advice andfollowing that trusted advice.
James Comblo (20:46):
Yeah, I mean, that's incredible Buying her own
house by the time she's 21.
Dr. Lisa Hassler (20:51):
Yeah.
James Comblo (20:51):
That's great, so kudos to you as mom and dad.
My own personal story I was thefirst person in my family to
buy a home and I did it sixmonths before I was 30.
I thought that was such anaccomplishment.
And now to help people and hearabout people in their early 20s
buying homes on their own, Imean that's incredible.
Dr. Lisa Hassler (21:09):
Yeah, definitely.
I think it's exciting becausewhat you're doing helps build
young women to have theconfidence to be able to do
things like that.
What kind of transformations doyou witness in financial
confidence or decision making inparticipants overall?
James Comblo (21:26):
So one of the young women who was on one of
the webinars we did in I thinkit was November she was in her
mid to late twenties, making alot of money, but had all of
this bad debt, essentially andshe just said I now know how I'm
going to attack this.
This was great.
I can't wait for the next one,because she basically put
together a high level plan ofattacking her debt using
(21:47):
something we went over.
I call it the debt snowball.
It's like, hey, here's the wayto think about this, here's how
you're going to attack it.
One by one, you're going tobuild momentum, which is then
going to make you more confidentthat you can actually pay it
all down, and then, once you getthat figured out now, you're
going to start to accumulateretirement assets and all that
kind of stuff.
So watching that transformationhappen within one hour
conversation that we essentiallyhad was great.
Dr. Lisa Hassler (22:15):
Yeah, it really is.
Your program is making a lot ofimpacts on individual young
women, like you were talkingabout, with being able to attack
that and save for homes andretirement.
How do you envision HerWealthscaling to reach more schools or
communities and what does thatmean for closing the financial
literacy gender gap?
James Comblo (22:29):
So going forward we just implemented that
newsletter that we're going tosend out it's and what does that
mean for closing the financialliteracy gender gap?
So, going forward, we justimplemented that newsletter that
we're going to send out.
It's going to be bi-monthly orquarterly.
The idea is to get people toshare it, get more people
involved and hopefully, I meanmy grand vision is to have
chapters across the countrywhere, if you want to see
somebody in person and haveother young women involved in
teaching, I also think it'sgoing to make a lot of sense to
(22:51):
bring mothers into theconversation, because we want to
approach the younger group, butI've also found that they're
not as confident to ask thequestion they want to ask in the
moment, and so I think having amother or an older female
figure who's confident enough toask the question or at least
regurgitate what they were justasked on the side will go a long
(23:11):
way to making more impact.
And I think that's it.
How do we get that knowledgebase into a generation where
they're not out of that growthstage, like I talked about,
right after the age of 35?
How do we get that knowledgeinto them today and set them up
for that longer term future sothat 40 years from now, when I'm
looking back on my career, Ican say, hey, we've helped a lot
(23:33):
of young women actually figurethis out, and the country's
better off for it.
Dr. Lisa Hassler (23:37):
Yeah, I think that's exciting.
I hope that happens.
I'm 100% behind that one.
So let's end with somepractical advice for our
listeners.
As a financial advisor who'salso raising daughters, what are
your top strategies for parentsto build financial confidence
at home?
James Comblo (23:55):
Yeah.
So it's funny I have afive-year-old she's almost six
and we don't talk about money.
We talk about money, but what Italk about with her is creating
value.
How do you create value in ourhousehold?
And we'll give you rewards,which is often money, right?
She'll say, like she saw meleaving this morning.
(24:16):
She said, oh, you're going tothe office, you're going to get
the money, because she thinkslike I'm working to get money,
right.
But I also tell her that moneyis useless.
We don't want the money, wewant what the money can do for
us.
And so once she does somethingin the house and we give her a
reward of, say, a dollar, wethen ask her okay, do you want
(24:36):
to share it, save it or spend it?
And we give her those choicesto also create that tangibility
of the money.
Here's the actual value of it.
And then I bring them to Costcoand we talk about different
reasons we can or we can't buythings, how much it costs, and
she's really into math, and sowe kind of go through all that
stuff together, which isinteresting to see, and I just
(24:56):
think having those conversationsnow right, if you're 15, 16
years old or you have a kidwho's 15, 16, talk to them about
credit card debt, right?
Hey, here's our credit cardstatement.
Here's what happens if we don'tpay it.
Here's what happens when we dopay it.
Here's the points we get as areward.
Just to use that example againand just going through those
(25:16):
real world experiences of whatyou're doing, the decisions
you're making and why you'remaking them, and then allowing
them to just ask questions.
Dr. Lisa Hassler (25:31):
Yeah, Sometimes sharing what went
wrong.
This is what I learned from it.
Just being able to have thoseopen conversations like nothing
is off the table.
James Comblo (25:36):
Yeah, I could not agree more, and I I think more
than just money like this isgoing to impact their lives and
and make them understand thatyou're somebody who will be
there as a trusted supportsystem, not somebody who's going
to scold them and hopefullymake them more open to talking
to you about things later on inlife if they ever need your help
.
So I think these conversations,although we're talking about
(26:00):
money, they filter or factorinto the rest of your life as
well, and so I think they'resuper important to have.
Dr. Lisa Hassler (26:06):
Yeah, absolutely Well.
Thank you so much, James, fornot only sharing your insights
today, but for turning yourobservations into action.
Through Her Wealth, You'rehelping young women write their
own financial stories ratherthan inherit someone else's.
James Comblo (26:20):
Thank you for having me, lisa, it was great.
Dr. Lisa Hassler (26:23):
Here are some ways that you can take action.
Educators, you can access freefinancial literacy curriculum at
the Council for EconomicEducation's website.
Parents, start those dinnertable money conversations
tonight using James' strategies.
And if you know any young womenbetween the ages of 16 and 28,
connect them with the HerWealth's free webinars at
(26:44):
fscwealthadvisorscom.
And links to all theseresources are in our show notes.
If you have a story aboutwhat's working in your schools
that you'd like to share, youcan email me at lisa at
drlisahasslercom, or visit mywebsite at wwwdrlisahasslercom
and send me a message.
If you like this podcast,subscribe and tell a friend.
(27:06):
The more people that know, thebigger impact it will have.
And if you find value to thecontent in this podcast,
consider becoming a supporter byclicking on the supporter link
in the show notes.
It is the mission of thispodcast to shine light on the
good in education so that itspreads, affecting positive
change.
So let's keep working togetherto find solutions that focus on
(27:26):
our children's success.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.