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Jimmy Kimmel, a celebrity who helps his kids stay grounded amidst riches, discusses raising children with privilege and the importance of teaching work ethic, gratitude, and self-reliance.
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- Teaching kids financial responsibility involves discussing money's value and seeking advice from older parents.
- Raising children with a healthy attitude towards money and teaching them the importance of hard work and self-reliance are crucial aspects of parenting.
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Raising Kids with Money: A Tricky Thing
Raising kids with money presents challenges, as children can easily become spoiled. Jimmy Kimmel's experience of raising kids in different financial circumstances provides insights. He emphasizes that pretending not to have money is not the best approach, as kids are perceptive. Instead, he suggests discussing money and its value with older parents for advice. Kimmel believes in teaching kids financial responsibility through chores and reasonable allowances, avoiding entitlement. It doesn't matter the income level; the goal is to raise kids with perspective, gratitude, and a good work ethic.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode