When should I start teaching my kids about money?

Physician Family Financial Advisors Podcast

Using the Answer Line, Margie, a physician mom practicing in Texas, asks a common but difficult question about when to start talking about money with kids. Learn how to start the conversation as Ben and Nate offer real life examples of teachable moments you might see in your own household. Even better, we tell what NOT to do when teaching your kids about money. Listen in to avoid the big mistakes and gain some courage and insights about how you can lead your kids into the not so friendly financial world.

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IN THIS EPISODE

[ 1:01 ] Why should we teach our kids about money?

[ 2:35 ] How will you know when your child is ready to start learning about money?

[ 5:18 ] Give your children small choices to make when they’re younger to understand bigger money choices as they age.

[ 9:54 ] Look for the teachable moments in life and then use that to frame choices for your child and allow them to live with the consequences of their choices.

[ 10:40 ] What are the things you should avoid when it comes to talking about money with your kids?

[ 15:02 ] What can parents do to teach their children about money day-to-day?

NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.