In this enlightening episode, we discuss whether giving kids allowance or making them work / do chores for money is the better option to raise kids who are smart with money.
You'll see how both experienced and new parents are approaching this question in various ways, yet keeping the same principle - making sure the next generation has the tools they need to be financially smart and wise as they mature into young adults.
00:00 Coming Up In This Episode
03:09 How To Raise Financially Health Kids
05:55 'Chores' or 'Expectations'?
10:26 Financial Accountability And Planning
12:40 Allowance Pros and Cons
15:15 Dad Sets Up a Financial Education System
20:09 Money Does Not Dictate Who You Are
26:25 In Life There Is No Free Lunches
31:45 Kids Need to be Taught
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