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Raising Financially Responsible Kids

Raising Financially Responsible Kids

Money is a generational issue. Most of us weren’t taught it, our parents weren’t taught it, and our grandparents weren’t taught it. Unless we break the pattern, our kids will have the same issues, overspending on credit cards and not investing enough to provide a secure future.

What lessons are you teaching your kids about money?

What about personal accountability, savings, and investing?

How do they see you spend money?

There is a balance between money management and enjoying life. We don’t have to teach a scarcity mindset for our kids to be money smart.

Today we talk to a special guest who tells us his dad’s approach to raising financially responsible kids and how it made him leagues ahead of his peers of the same age.

MENTIONED EPISODE: The Easy and Effective Way to Budget for Your Goals with Jesse Mecham


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The YNAB app. You Need a Budget

Get a FREE 2 Month Trial at YNAB.com/dads


Resources

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Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


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Optimizing Your Personal Relationship with Money — Exclusive Dad Edge Alliance Q&A with Grant Sabatier

Optimizing Your Personal Relationship with Money — Exclusive Dad Edge Alliance Q&A with Grant Sabatier

Our traditional mindset about money is one of scarcity. We believe we have to sacrifice and deprive ourselves of the things that give us the most joy. We budget the fun out of life. Money problems cause anxiety, depression, divorce, and even suicide. But in this day and age, our relationship with money no longer has to be this way.

Today we have an exclusive 90-minute Dad Edge Alliance Q&A with Monday’s guest, Grant Sabatier. He has just released his book, Financial Freedom: A proven path to all the money you will ever need and is here to transform your perspective about finance and talk about optimizing your personal relationship with money.

MENTIONED EPISODES:

All the Money You Will Ever Need with Grant Sabatier

Get Lit: Forget the Pressure to Find Your Why with Dominick Quartuccio

How to Commit to Life Goals the Navy SEAL Way with Thom Shea

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Grant Sabatier’s Links

millennialmoney.com

financialfreedombook.com

Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Hungry for more out of life?

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Learn More About Our Live Event!

June 5th – 8th 2019

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how to start investing in real estate

How to Quit Your Job in 12 Months Part 2 with Ryan Enk

Ryan Enk from CashflowDadlife is back on the show for Part 2 of our series on how to start investing in real estate with little money and no experience.

Ryan helps people achieve financial freedom in one year or less using creative, under-the-radar real estate investment strategies that have huge money-making potential.

Today we talk about how to conquer the fear mindset when real estate investing, how knowledge decreases our investment risk, and how to make the most of the unknown and untapped financial resources that we all have available to us.

Ryan also tells us about his new book, The 7 Day Real Estate Survival Blueprint. The moves Ryan shares in this episode might make your head explode a little bit, so make sure you download it to listen again later.

'The problem is not a lack of resources. The problem is not being resourceful.'—Ryan Enk @cashflowdadlife #dads #men #fathers #realestate #investing #financialfreedom Click To Tweet

Ryan Enk

If you listened to Part 1 of this series on passive income real estate investing, then you know that Ryan Enk began his journey into real estate investing after hurricane Katrina left him and his pregnant wife without a home and completely broke.

Ryan started real estate investing with little money and no knowledge about real estate, but he was determined to get out of his unfulfilling job and achieve financial freedom. Ryan summoned all his gifts and talents and combined them with all the knowledge and resources at his disposal. In just 12 months, he quit his job.

Now Ryan Enk shares his creative strategies so that other men starting from the bottom can also achieve financial freedom in a year or less!

What You’ll Learn

  • What the most common perceived risks are, like:
    • Market downturns
    • Tenant damage
    • Unpaid rent
  • How to never lose money real estate investing
  • How to tell the difference between a legitimate fear and an excuse
  • How to buy a home using credit cards
  • How to lower risk when leasing a home by “becoming the bank”
  • The other benefits of owner financing
  • How to find out where all the best real estate investing opportunities are in your area
  • How to set up your passive income system
  • What is wholesaling and how it works
  • What is a sandwich lease option and how to set it up
  • A financial freedom strategy for the man in a tight spot financially
  • A financial freedom strategy for high-earners who don’t have time to learn real estate investing
  • How to tap into your existing network to find real estate deals
  • His new new book that outlines how to supercharge your way to $10,000 over the next 30 days
  • Ryan Enk’s message for people who are still undecided about starting in real estate investing
'The coolest things you can do in real estate, you can do without the banks.'—Ryan Enk @cashflowdadlife #realestate #investing #homes #finance #money #dads #fathers #fi Click To Tweet

LISTEN TO PART 1:
How to Quit Your Job in 12 Months with Ryan Enk

 

real estate investing

GET RYAN’S BOOK FOR FREE

Get The 7 Day Step by Step Battle Plan
to Make $10,000 Out of Nothing
in Less Than a Month.
(Just Cover SHIPPING!)

CashflowDadlife.com/dadedgeinvesting

 


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Ryan Enks’s Links

cashflowdadlife.com

Facebook

Twitter

Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Hungry for more out of life?

Become a member of The Dad Edge Alliance

APPLY HERE!

the dad edge alliance

 


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What was your biggest take away?

Tag us when you share on social media!

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KIDS AND ALLOWANCE

Kids and Allowance: Money-Smart Habits in Action


In our previous episode, John Lanza, author of The Art of Allowance, shared some ideas about kids and allowance that probably made a lot of us scratch our heads.

He told us that the traditional practice of giving allowance for chores was not a good way to teach kids about managing money or work ethic.

He also explained what a breakthrough allowance is, and how as kids get older they should get as much as $100 in allowance!

These ideas may seem crazy at first, but they work in unexpected ways. Listen to what happened when I implemented these money-smart habits with two of my kids.

When kids are the stewards of their own money, they become discerning, proactive, and empowered. #parenting #kids #children #chores #allowance #money #finance Click To Tweet

RELATED EPISODES:

How to Raise Money-Empowered Kids with John Lanza

The Easy and Effective Way to Budget for Your Goals with Jesse Mecham


Like the show? Leave an iTunes review.

If you’re enjoying the show, we encourage you to leave an itunes review.
We read reviews on the show every week. The next one might be yours!
Thanks for the support.

CLICK HERE.


Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Hungry for more out of life?

Become a member of The Dad Edge Alliance

APPLY HERE!

the dad edge alliance

 


What did you think of the show?

What was your biggest take away?

Tag us when you share on social media!

#TheDadEdge

Twitter @gooddadprojct

Instagram @good_dad_project

How to Raise Money-Empowered Kids

How to Raise Money-Empowered Kids with John Lanza


What’s the right way to teach our kids about money? How do we create a system for chores and allowance that works? How do we show them to save and spend wisely? Today’s show is all about how to raise money-empowered kids, and you might be surprised at the tips listed in this episode!

John Lanza is the author of the book The Art of Allowance and the host of the podcast with the same name. He tells us what most dads are doing wrong, like that age old system of giving allowance for chores. He also talks about what is the appropriate amount to pay kids by age, how to teach them to distinguish between needs and wants, and the three core money-smart habits they need to start learning from age five.

'We’re not raising a generation of kids who are going to be on the dole. We are raising a generation of kids who are going to have some practice with money in a low-stakes environment.'—John Lanza @johnlanzajr #parenting #kids #money… Click To Tweet

'Kids have to have actual money to learn about money.'—John Lanza @johnlanzajr #money #kids #finance #parents #family Click To Tweet

What You’ll Learn

  • Why you shouldn’t couple chores with allowance
  • The 3 core money-smart habits
    • Learning to set and save for goals
    • Distinguishing between needs and wants
    • Making good money choices
  • Why chores should be done as being part of the family
  • The 3 Money Jars each kid should have
    • Share
    • Save
    • Spend Smart
  • Charity: Teaching them that giving is a good thing
  • Making sure kids know to pay themselves first
  • How to empower kids by letting them make their own choices using their discretionary money
  • Why you should let kids make money mistakes
  • How to motivate kids to do work without paying them by taking away privileges instead of paying them
  • Reducing the negative associations around money
  • The appropriate allowance amounts for kids per age
  • Why you should start the money conversation before age five
  • How to teach delayed gratification
  • How to create reference points for spending
  • When and how to implement the “breakthrough allowance”
  • What kind of expenses should kids be responsible for as they get older. like:
    • Phone bill
    • Gifts
    • Extra food outside of home with friends
    • Clothing
  • The issue of using credit cards in front of the kids
  • Teaching kids about interest and investment

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Go to rxbar.com/gooddad

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Like the show? Leave an iTunes review.

If you’re enjoying the show, we encourage you to leave an itunes review.
We read reviews on the show every week. The next one might be yours!
Thanks for the support.

CLICK HERE.


John Lanza’s Links

theartofallowance.com

Twitter

Instagram

Amazon

Resources

Fill out an application for The Dad Edge Alliance

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Hungry for more out of life?

Become a member of The Dad Edge Alliance

APPLY HERE!

the dad edge alliance

 


What did you think of the show?

What was your biggest take away?

Tag us when you share on social media!

#TheDadEdge

Twitter @gooddadprojct

Instagram @good_dad_project