Building Your Money Machine 028 10 Money Lessons for Parents
Last August 2nd, Emily Ray, my first granddaughter, promoted me to the happiest man on earth. That got me thinking about the future, and coincidently, a soon-to-be mom I've met on a mastermind asked me what advice would I give, if any, to future parents. So I've decided to make this episode about the 10 lessons I would give to new parents about finances, and the best way of taking care of their children. In addition, I will share my latest framework, The Emily Factor ™.
What You Will Learn In This Episode:
- Why we must focus on raising empowered little ones with financial tools to develop a richer lifestyle
- The most critical investment we can make in our children
- Why transferring skillsets is widely more important than transferring assets
- The importance of a piece of mind fund, life insurance, and disability insurance
- Why we must learn to have tough conversations
- What is The Emily Factor ™, how it works, and how can we put it into practice
Understanding that our kids and grandkids came to this world to fulfill their dreams and not ours is perhaps one of the most challenging, yet most beneficial lessons we can ever learn. As long as they are not harming themselves or anyone else, our job as parents and grandparents is to support them and give them the tools and the help they need to accomplish their goals.
Resources:
- JOIN MY 3-PART LIVE VIRTUAL TRAINING SERIES: http://www.AffluenceLive.com
- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint
- My website https://melabraham.com/
- Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabrahamtraining.com/TES-Book-Launch-1
- Find me on Facebook https://www.facebook.com/melhabraham/
- Find me on Instagram https://www.instagram.com/melabraham9/
- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/
- Find me on Twitter https://twitter.com/MelHAb
- Find me on YouTube http://www.youtube.com/user/MelHAbraham