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50 Fires: Money and Meaning with Carl Richards
Learning How (And When) To Say ‘Yes’ With Economist Stephanie Kelton
Sep 4, 2024
Stephanie Kelton, a prominent economist and Modern Monetary Theory advocate, shares her personal relationship with money. She discusses the emotional complexities of teaching financial literacy to children and reflects on her unconventional career path, shaped by embracing risks and opportunities. The power of saying 'yes' emerges as a vital theme for personal growth. Kelton also explores financial stability and its ties to emotional well-being, urging optimism and resilience amid today’s economic challenges.
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Quick takeaways
- Stephanie Kelton highlights the importance of taking risks and embracing unpredictability in achieving personal and professional growth.
- Kelton reflects on redefining 'enough' by prioritizing her children's well-being and fostering resilience while balancing support and independence.
Deep dives
Childhood Experiences with Money
Stephanie Kelton recounts her earliest memories of money primarily through the lens of her grandfather, who would give her and her sister $20 bills during visits. These experiences instilled a sense of wonder and appreciation for money at a young age, as they felt like a significant amount coming from an older relative. Growing up in a military family, she explains that financial discussions were prevalent and that her parents practiced careful money management, emphasizing prudent decisions over lavish spending. Despite not being wealthy, she never felt deprived, which contributed to her understanding of economic resilience.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode