Help your adult kids master finances without just writing checks! In this episode, Kim Butler shares valuable insights on coaching your children aged 18+ on money matters, from saving and insurance to smart investments. Essential advice for parents wanting to raise financially savvy adults.

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
https://gravystack.com/prosperity
https://prosperitythinkers.com/action/

Show Notes

Importance of discipline from a young age
Strategy for engaging with adult children about finances
First paycheck as a teaching moment
Establishing a long-term relationship for financial conversations
Apologizing for not discussing finances earlier
Essential financial concepts: saving, insurance, medical power of attorney
Specific example on savings: Automating finances
Importance of medical power of attorney for adult children
Comprehensive discussion about insurances with adult children
Understanding interest rates and the actual financial impact
Clarification on the difference between mathematical averages and actual returns
Basic steps for young adults to start investing
Setting up a whole life insurance policy as an investment
Encouraging young adults to consider homeownership
Adding an adult child as an authorized user on a credit card
Teaching patience and financial principles to young adults

Special Listener Gift Free eBook: Activating Your Prosperity Guide.

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

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