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
Lifetime Income with Matt Wolniewicz
Lifetime Income with Matt Wolniewicz Even after we stop working, we still want consistent lifetime income. Matt Wolniewicz talks about how to make that happen with your 401(k)! About the EpisodeWe focused on creating lifetime income, the challenges of accumulating...
Money Advice for Young Adults
Money Advice for Young Adults What money advice would you give to your younger self? George G talks about the fundamentals for getting off to the right start!About the EpisodeWhat money advice would you give yourself as a young adult? The world of personal finance is...
Inflationary Vibes
Inflationary Vibes Is inflation really a problem, or does it just feel like it's a problem? George G breaks down the numbers and talks about our current reality! About the EpisodeIs inflation really a problem, or does it just feel like it's a problem? The Wall Street...
Having Tough Conversations with Tom Wall
Having Tough Conversations with Tom Wall To be a good advisor, do you need to have tough conversations with your clients? Tom Wall talks about getting down to what matters when it comes to money! About the EpisodeWe focused on having tough conversations, how the...
Your Banking Relationship
Your Banking Relationship How's your banking relationship? How would you feel if your bank allowed advertisers to target you based on your spending? That's what Chase is doing. George G breaks it down so you can make good decisions!About the EpisodeHow’s your banking...
Robinhood: Taking from Everyone
Robinhood: Taking from Everyone Is Robinhood a good place to invest? George G breaks down how they make money, and whether or not you'll make money! About the EpisodeRobinhood is offering some big incentives to join their platform. Is it the right place for you to be...
Finding Your North Star with Caleb Silver
Finding Your North Star with Caleb Silver Finding your financial north star is critical and requires thought. Caleb Silver talks about knowing what's valuable and what truly matters! About the EpisodeWe focused on finding your financial north star, deciding for...
Spare Me, Larry Fink
Spare Me, Larry Fink Larry Fink from Blackrock wants to save retirement. Is he really the one to do it? George G breaks down his 11,000 word letter to shareholders. About the EpisodeLarry Fink from Blackrock wants to save retirement. Is he really the one to do it? Is...
An Open Letter to Working Class Americans
An Open Letter to Working Class Americans If you could write an open letter to working class Americans regarding their personal finances, what would it say?!About the EpisodeIf you could write an open letter to working class Americans regarding their personal...
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!