Being a parent is a not a very easy job. I’m sure, every parent would agree. You want to guide your kids and mold them into successful individuals when they grow up. You want them to learn everything as they face the many obstacles life will throw at them. I’m lucky because my kids want to learn about money. I want to teach them how to be financially responsible. I should also say that they are lucky too because they have a dad who is a financial freedom mentor.
Every parent’s goal is to raise successful kids who would do better than them. We should always share the knowledge with our kids. Give them the ability to go to a level that we can never dream of.
Listen to the full episode here.
In this Episode:
- How to best manage money
- Importance of Cash Flow
- Teaching kids about money at an early age
- Being a Financial Freedom Mentor
- Tips and tricks that was used with clients that would apply to families
- Setting up automation is very helpful
Important Quotes:
“Make sure you pay your credit every month because if you don’t, it creeps up on you.”
“It looks complex now but I just started with one automation. Literally just checking to savings. And now, I don’t even know how many automations I have running right now. Just feed the machine and just let it go, build velocity.”
“Talk about money. Don’t be scared about it. Talk to your kids about it. Make it a fun thing. Talk to them about your hopes and your dreams and your hopes and dreams for them. I want my kids to have a huge head start on me.”
“My only goal in life if for my kids to do better than me.”
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