The Risk of Giving Too Much to Your Kids

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"I think in some regards, there can be too much if you give them everything that they are not able to develop themselves into responsible human beings," he says. "We want to give them opportunities that we are so often not have." The family's plan is for their college education: pay for whatever the average amount is for the state of school and the state that they're currently residing in. And upon graduation, then we'll pay off the rest.

Our guest on the podcast today is Dr. Brittne Halford of More Joy, More Wealth. She and Dr. Dahle discuss how your upbringing affects your view on money. They discuss generational wealth and the difference between being rich and having wealth. They talk about how to teach your kids about money and how to help them learn to work hard and create the life they want even if they have some generational wealth coming their way.

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