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
Ask Shannah: I'm An Actress on Strike & I'm Worried About Paying My Bills
5 Money Questions to Ask Yourself Right Now with Dielle Charon
How to Self-Coach Yourself Through Money Drama So You Can Achieve Your Goals & Dreams with Dielle Charon
Dome Living 101: Essential Steps to Build An Affordable & Profitable Dome Home with Whitney Hansen
"Is It Ok To Break Up With My Partner Over Money?" Listener Question
Takeaways w/Shannah: Money And Your Wardrobe with Jennifer Mackey-Mary
Saving Money On Your Wardrobe Starts With Pants with Jennifer Mackey-Mary
5 Ways to Build Good Money Habits: A Summer Guide with Eric Roberge
Stop Stressing Over Your Money: A Simple Budgeting Solution
The Best Investing Episode Yet: A Mid-Year Check-In with Amanda Holden
Defending Your Digital Identity: Expert Tips to Prevent Identity Theft and Fraud with John Buzzard
Money Talks Made Easy: Removing Shame and Finding Your Perfect Money System Together
Understanding Revenge Spending: Impact on Your Money and Mental Health
Saving Cash and Making Great Food with Frankie Celenza
Maximizing Your Money: Unleashing the Power of Health Savings Accounts
The Real Costs and Journey of Transitioning with Gabe Dunn
Demystifying Self-Sabotage and Money with Sarah Gottesdiener
Ask Shannah: The Money Apps, Credit Cards, Savings Accounts & Bank Accounts
The Hidden Costs of Divorce
Rebuilding Happiness: Overcoming Financial Catastrophes and Traumas with Quinn O'Briant
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