How do you teach your kids about money? A recent survey from Thriving Wallet found that 90% of Americans say money impacts their stress level. How do we change this? It starts by raising kids comfortable with money and giving them the tools to make smart money decisions. Our guest, Adam Carroll, a renowned financial literacy expert, celebrated author, and captivating speaker who has delivered over 1,000 speaking engagements worldwide and has a Ted Talk with over 6 million views, has some ideas on how to teach your kids about money that will change everything for you and your kids. He believes it starts with getting cash in your kid's hands when they are five or six. Give them a dollar per year of their age per week and have them start making money decisions with that money. But there’s a bigger piece here that most of us didn’t understand when we were kids. How you as parents talk about money, interact with money, or don’t talk about money directly impacts your kid's relationship with money growing up and is at the root of how they spend and save money. It’s programmed into us as kids. So, to raise kids who are smart with money, Adam says, you have to be aware of how you, as the parent, interact with money.
Links
Adam's website
Adam's TED talk
Thank you for being a part of our community! We couldn't do it without you. To support the show, please subscribe or share the word about this show in your circles. Sign up for our newsletter or follow me on Instagram to keep up with everything happening in the world of Everyone’s Talkin’ Money. You can download 10 Money Questions to Ask Yourself Free Money Guide https://etmpod.link/10moneyq and leave a 5-star Review here https://ratethispodcast.com/etm.
Episodes will be live on YouTube in March. Subscribe now https://www.youtube.com/@EveryonesTalkinMoney.
Sign up now for my course, Unf*ck Your Money, which is open until April 3rd. Visit etmpodlink.com/unfmoneycourse and use code ETM for a $100 discount at checkout.
SPONSORS
Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com.
Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM.
Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast.
Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com.
Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order.
Thanks to DelelteMe for sponsoring the show. Today get 20% off your DeleteMe plan when you go to www.JoinDeleteMe.com/ETM and use promo code ETM at checkout.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Breaking the Barriers: Empowering Women in Business and Finance with Melody McCloskey
Manifesting Your Money To Build The Life You Desire with Kathleen Cameron
Ask Shannah: Should I Get a Prenup?
Surprising Ways To Build Wealth With Franchise Investing with Kenny Rose
7 Steps to Map Your Financial Future with Louis Llanes
Little Treat Culture: Is It Good For Your Money and Mental Health with Ashley Lapato
Ask Shannah: Are Rewards Credit Cards Worth It
Want to Learn How to Create a Profitable Podcast? Join Me In My Special Course!
5 Important Money Questions to Ask Yourself ASAP
Demystifying Credit Scores: A Beginner's Guide with Marsha Barnes
Debt-Free Blueprint: Your Path to Financial Freedom with Erin Skye Kelly
How to Make Your Big Dreams a Reality with Liz Elting
The Recipe for Successful Stock & Option Investing
Figuring out Health Insurances: Tips and Hacks
4 Reasons Why Your Car Insurance Is On The Rise
How to Break the Financial Anxiety Cycle with Lindsay Bryan-Podvin
The One Hotel Perk That Used to Be Free...But Isn't Anymore
Empowering Women to Take Control of Their Money with Jenifer Sapel
The Financial Side of Furry Friends: Budgeting for Your Dog
Mastering Budgeting with Inconsistent Income
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
So Money with Farnoosh Torabi
The Payoff
The Mental Wealth Show with Rich Jones
Jill on Money with Jill Schlesinger
WSJ Your Money Briefing