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
Do I Need Life Insurance, What are the Benefits and How Do I Get It?
Do I need life insurance? Like the answer to many good financial questions, the answer is, it depends. But you probably need it. Do you love someone (or something)? Do you owe someone (or something)? Do you have a family,...
Stop Living Paycheck to Paycheck: How to Master Your Cash Flow
The fact that almost 65% of Americans are living paycheck to paycheck violates one of my first principles of personal finance; spend less than you make. It’s also a perfect example of the behavior gap. Meaning, having an intellectual understanding of something,...
The Teachings of Jesus: Taking Personal Responsibility for Your Life
One of my favorite teachings of Jesus is the parable of the talents. In it, Jesus shares a story meant to illustrate the importance of putting all of your God-given gifts to work, and to take risks. Failure to do so results in negative judgment. This...
Want a Life of Significance? Here’s the Work Ethic You’ll Need and How to Get It
Having a life of significance is available to you. This will walk you through the steps to make it happen. That you’re reading this suggests you desire a life of significance, and I commend you for it. It’s my desire to help you live one. I think everyone is...
Understanding Investment Risk: Your Risk Profile
There are fewer things in personal finance more important than taking on the proper amount of risk, and fewer tools more ineffective at determining the proper amount of risk than a traditional risk tolerance profile. If you’re not familiar with what I’m talking...
What is Financial Planning and Can I Do It Myself?
Financial planning is the process of determining your financial goals, looking at your current situation, and devising strategies for achieving those goals. It’s best viewed as a process because it will need to be updated as your life changes. The tangible...
Overcoming Adversity: How to Respond When Things Go Wrong
Bad things happen to us. Me dropping my ice cream when I was four was bad. My parents getting divorced when I was five was worse. Adversity, also known as difficulty or misfortune, comes at us in different levels. The trick is what we do when it happens;...
How to Make Friends as an Adult
I’ve got friends I grew up with, friends I went to college with, and I met some of my best friends as an adult. But it can be a struggle for grown-ups to make new friends. It’s harder to develop deep relationships when we’re grown up. We’ve got a lot more...
How to Get Better at Persuasion: 9 Areas of New Learning
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” - Abraham Lincoln To get better at persuasion, commit to becoming a life-long learner. Doing so will not only make you better today, it will...
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!