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 Contact@GeorgeGrombacher.com.
George Grombacher
Lifeblood Host
Dean Brauer
Guest
More Episodes
Succeeding at Life: Personal Excellence
“The trouble is, you think you have time.” - Jack Kornfield Too many of us are waiting. We’re waiting for the right time, the right opportunity, the right person, etc. We’re waiting to be noticed, chosen, or given permission. We’re waiting for...
Succeeding at Life: Perspective
Recently, I read about how a pair of Mahatma Gandhi’s glasses were sold at auction for $340,000. While I don’t have an opinion as to whether or not that’s the correct price for his actual glasses, I wondered what the value of his perspective would be. ...
Health for Life: The Doctor of the Future is You
“The doctor of the future is you,” said Dr. John Kim when I interviewed him on the LifeBlood podcast. We were talking about how to have great health for life, and how so much of it is about taking personal responsibility. He spoke of the importance of...
Home-Based Businesses Are Open for Everyone
Thanks to today’s new at-home business environment, more people than ever are starting their own part-time or side-gig businesses. Previously, people who were home with small children or people who needed better workplace access found employment opportunities...
Teach Your Children Well: Money Lessons for Your Kids
How do you teach a kid to ride a bike? Do you tell them how to do it? Do you read them a book, maybe the user’s manual? Do you watch a video? No, of course not. You show them how to do it. How do you teach a kid about money? Do you tell them how to...
Recapping My Son’s First Lemonade Stand
I want to help my kids be good with money. It seems obvious, but here are my reasons: I want them to have financial independence and to earn a great livingI want them to have great lives, and to be able to pursue whatever they’re passionate aboutI want them to...
Family Finances: The Power of Ideas and Images
A picture is worth a thousand words. Simply put, a picture can convey an idea more quickly and effectively than the written word. Here are some of the most iconic images: Proverbs and rules-of-thumb are extremely effective at expressing ideas. Here...
Money Problems: Overcoming Stress and Anxiety
In a famous letter to the US government in 1854, Chief Seattle wrote “The end of living - The beginning of survival.” It was in the context of caring for the Earth, and his words are as true today as they were then. I remember reading that for the first time and...
5 Questions You Must Ask to Prepare for a Tax Deed Auction
A tax deed auction can be incredibly fun to attend, and a highly-profitable venture for a real estate investor looking to purchase property for pennies on the dollar. But beware, buying a property at a tax deed auction comes with far more challenges than buying one...
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!