Teaching Kids About Money with Dean Brauer
You’ve been giving your kids a cash allowance, but now it’s time to transition to digital but haven’t figured out how to do it? Dean Brauer talks about a platform he’s developed to make that happen plus teach kids important money lessons as well!
Listen to us On
About the Episode
LifeBlood: We talked about Dean’s experience growing up, how his parents interacted and talked about money, the lessons they taught him and how it was an overall positive experience that served him throughout his life.
We talked about the importance of viewing money as something we have control over, not as something that controls us. We discussed the shame and guilt that so many people have about money and the negative byproducts that has.
We talked about the differences of a cash based allowance versus a digital platform, the need and desire of parents to put spending parameters on their kid’s debit cards and have the ability to monitor their accounts.
We discussed the value of giving kids jobs or tasks, creating financial routines, why it’s good to incorporate both theory and practice when it comes to money, and why it’s incumbent on parents to teach kids about money and not wait or hope for them to learn it in school or on their own with Dean Brauer, CoFound and President of gohenry, an organization on a mission to help the net generation of young people better manage their money than the previous generation.
Listen to learn how to transition your kids from a cash allowance to a digital platform that also teaches the fundamentals of financial literacy!
For the Difference Making Tip, scan ahead to 17:32!
You can learn more about Dean at gohenry.com, Facebook, Twitter, Instagram, YouTube and LinkedIn.
Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well.
You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you’d like to be a guest on the show, contact George at [email protected].
George Grombacher
Lifeblood Host
Dean Brauer
Guest
More Episodes
Finding Your Trading Edge with Adrian Reid
Finding Your Trading Edge with Adrian Reid Finding a trading edge can help you shift from gambling in the market to investing. Adrian Reid talks about how to take a professional approach to trading! About the EpisodeWe focused on finding your trading edge, how to...
Proactive Planning with Helen Stephens
Proactive Planning with Helen Stephens Being good with money requires proactive planning. Helen Stephens talks about how to do it while tuning out the noise! About the EpisodeWe focused on what it means to proactive planning, how events catalyze decision making and...
Take Things Head-On with Abbe Large
Take Things Head-On with Abbe Large It's better to take things head-on, but that doesn't mean it's easy. Abbe Large talks about how to do it, and why it's wise to be mindful of your legacy! About the EpisodeWe focused on how to take things head-on instead of brushing...
Regret Minimization with Andy Baxley
Regret Minimization with Andy Baxley Would clarifying your financial purpose lead to regret minimization later in life? Andy Baxley makes the case for doing exactly that! About the EpisodeWe focused on creating your statement of financial purpose and regret...
The Common Denominator of Success
The Common Denominator of Successby Albert E.N. Gray “The common denominator of success --- the secret of success of every man who has everbeen successful --- lies in the fact that he formed the habit of doing things that failuresdon't like to do.” THE COMMON...
From Idea to Reality: Market Research Essentials for a Seamless Product or Service Launch
In the dynamic world of business, transforming a brilliant idea into a successful product or service requires more than just creativity and determination. A solid foundation of market research is crucial in navigating the complex landscape of consumer preferences,...
Rebuilding Finances: Practical Steps for Entrepreneurs in Addiction Recovery
The road to entrepreneurship is fraught with hurdles, and facing addiction is undoubtedly one of the most challenging. The struggle with addiction can wreak havoc on both your personal life and business finances. However, reclaiming financial stability is not an...
What’s Good for the Goose: Flawed Monetary Theory
What's Good for the Goose: Flawed Monetary Theory What's good for the goose isn't necessarily good for the gander, particularly when it comes to your personal finances. Is debt a good thing or bad? About the EpisodeWhat's good for the goose isn't necessarily good for...
Join the show.
Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!