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
We Can Do Hard Things: 10 Ways to Get Stronger
Do you ever feel like you can’t pull it together? Like it’s all too much? Me too. We all have moments when we feel the weight of our responsibilities, obligations and desires is going to crush us. We all have times when we feel like the lives we want, the goals...
Get Good with Money by Doing these Three Things
I was sick of being broke. The reality was, even though I had a successful career helping others with their money, my finances were a mess. I was living paycheck-to-paycheck, not budgeting and abusing credit cards. Once I made the decision to get good with...
Should You Work with a Financial Coach?
Have you ever had a great coach? What was it that made them great? Were they a great teacher? A great listener or inspirational speaker? Did they provide you with tough love? Looking back on your experience, what did you learn that’s served you through...
Better Money Habits for a Great Financial Future
The best time to plant a tree was 30 years ago. The next best time is today. That’s also true for personal finance. Our money goals are a lot easier to achieve when we have a lot of time, and harder with less time. You and I both want better financial...
5 Tips To Reduce Stress by Improving Your Finances
5 Tips To Reduce Stress by Improving Your Finances According to the American Psychological Association, almost two-thirds of individuals reported money as a major stressor in their lives. If you're one of these individuals, take steps to improve your financial...
How to Stop Wasting Time
Is your time valuable? Do you waste time? Does the thought of wasting time bother you? If bothers me. While we all have the same amount of time to work with, the way we think about and value time changes as our lives change. When we’re kids, we don’t think...
We’re All In This Together
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain inalienable rights, that among these are Life, Liberty and the pursuit of Happiness. I close each episode of the LifeBlood podcast by saying,...
Pay Attention: Where You Put Your Attention Matters
Have you ever let things slide? I know I have. You’re doing great, eating healthy and exercising consistently, but then you start to let up a bit. You start eating fries instead of a salad, having an extra glass of wine, and sleeping past your alarm. It...
Overcoming Adversity: How to Stay Ready
Do you remember the song “Lions and Tigers and Bears! Oh My!” from The Wizard of OZ? The grown up version of that is “Covid, inflation, recession and cancer! Oh my!” It’s not as fun. Adversity is one of life’s realities. Some of them, like winter, we can prepare...
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!