How do we give our kids what they need, while teaching them the value of what they have?
My son, Ocean, has recently expressed his new business idea, Front Row Kids. He has a goal to “work to get money” because he “only has ten dollars, and he owes me five.” 😂
I’m super proud of him, but it also made me wonder: if he’s bringing up money, is it time to have the conversation about it’s value?
I feel like I’m not the only one who worries about how to raise their kids without spoiling them rotten, while also letting them thrive. What time is the right time to even talk to your kids about the practice of money?
Today’s guest, Ron Lieber, covers all this in his new book, The Price You Pay for College: An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make
Ron explains that if you’ve never talked about money with your kids, they just won’t have context. He also shares how to raise your kids to be grounded while not spoiling them. He cautions us on how important it is to be able and willing to have the conversation early and help our kids understand why you won’t prioritize their wants, just because you have the money.
Ron also tackles the approach of setting emotional and financial boundaries for your family. He shares advice on parental guilt, fear, why most parents fail to talk about money and what makes these topics so uncomfortable in the first place—things I sometimes struggle with myself with my own parenting.
Luckily, Ron helps us navigate all of these difficult topics on today’s episode!
Ron Lieber Podcast Highlights
Get the Full Show Notes
Want access to the full show notes, including links to all resources mentioned during today's conversation? Visit FrontRowDads.com/288
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While most dads would say that family matters most, the challenge is they feel guilty knowing their careers get the best of them, and their family seems to get the rest of them.
We help Dads become family men with businesses, not businessmen who have families, so they can thrive personally AND professionally.
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