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Episode 3346:
Lisa Harrison shares practical, age-appropriate strategies to help parents teach their children the value of money, covering topics like earning, saving, investing, and the emotional legacy of money talk. By reflecting on her own upbringing and that of her husband, she highlights how early financial messaging shapes adult behavior, and how we can break generational cycles by fostering openness and confidence around money with our kids.
Quotes to ponder:
"It’s important to remember that we all carry biases with us, and they absolutely influence how we teach our kids about the world."
"Have your younger children engage in chores, over and above what is expected of them as being part of the household, and pay them for their work."
"Explain the importance of earning, saving, and investing, and how it will relate to them throughout various stages of their lives."
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Optimal Finance Daily - Financial Independence and Money Advice