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I Taught My Kids to Manage Their Own Business
This conversation explores the topic of teaching kids about money and entrepreneurship. The hosts discuss the importance of exposing children to situations where they can experience disappointment and develop grit and determination. They also challenge the idea of teaching kids to make it on their own and instead emphasize the importance of creating an inheritance and teaching stewardship. The conversation covers various strategies for teaching kids about responsibility, generosity, planning for the future, and delayed gratification. The hosts also discuss the role of mindset in wealth stewardship and the importance of creating a safe place for kids to fail and learn. They highlight the value of controlled environments for developing grit and determination and the relationship between poverty mindset and wealth. The conversation concludes with a discussion on turning natural talents into marketable skills and teaching kids about business and income streams while balancing entrepreneurship and family values.
TAKEAWAYS
CHAPTERS
00:00 Teaching Kids to Deal with Disappointment
01:13 Introducing the Topic of Teaching Kids about Money
02:59 Teaching Basic Responsibility and Money Management
03:26 Teaching the Value of Generosity and Planning for the Future
04:49 Teaching Delayed Gratification
06:12 Teaching Kids to Delay Gratification
07:40 The Importance of Mindset in Stewarding Wealth
09:06 Creating a Safe Place for Kids to Fail and Learn
10:58 The Value of Controlled Environments for Developing Grit and Determination
12:09 The Relationship Between Poverty Mindset and Wealth
13:32 Turning Natural Talents into Marketable Skills
14:00 Teaching Kids about Business and Income Streams
15:52 Balancing Entrepreneurship and Family Values
WANT TO LEARN MORE?
Join us on LinkedIn, dive into our enriching content on YouTube, and explore our website to unravel how to secure your future through intelligent passive investments!
If you enjoyed the show, please LEAVE A 5-STAR REVIEW and SHARE this episode with someone who wants to build a stable future. Listen to all episodes on Spotify, Apple Podcasts, or any preferred podcast platform!
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By Caleb Edwards and Aaron Leatherdale
4.9
8888 ratings
This conversation explores the topic of teaching kids about money and entrepreneurship. The hosts discuss the importance of exposing children to situations where they can experience disappointment and develop grit and determination. They also challenge the idea of teaching kids to make it on their own and instead emphasize the importance of creating an inheritance and teaching stewardship. The conversation covers various strategies for teaching kids about responsibility, generosity, planning for the future, and delayed gratification. The hosts also discuss the role of mindset in wealth stewardship and the importance of creating a safe place for kids to fail and learn. They highlight the value of controlled environments for developing grit and determination and the relationship between poverty mindset and wealth. The conversation concludes with a discussion on turning natural talents into marketable skills and teaching kids about business and income streams while balancing entrepreneurship and family values.
TAKEAWAYS
CHAPTERS
00:00 Teaching Kids to Deal with Disappointment
01:13 Introducing the Topic of Teaching Kids about Money
02:59 Teaching Basic Responsibility and Money Management
03:26 Teaching the Value of Generosity and Planning for the Future
04:49 Teaching Delayed Gratification
06:12 Teaching Kids to Delay Gratification
07:40 The Importance of Mindset in Stewarding Wealth
09:06 Creating a Safe Place for Kids to Fail and Learn
10:58 The Value of Controlled Environments for Developing Grit and Determination
12:09 The Relationship Between Poverty Mindset and Wealth
13:32 Turning Natural Talents into Marketable Skills
14:00 Teaching Kids about Business and Income Streams
15:52 Balancing Entrepreneurship and Family Values
WANT TO LEARN MORE?
Join us on LinkedIn, dive into our enriching content on YouTube, and explore our website to unravel how to secure your future through intelligent passive investments!
If you enjoyed the show, please LEAVE A 5-STAR REVIEW and SHARE this episode with someone who wants to build a stable future. Listen to all episodes on Spotify, Apple Podcasts, or any preferred podcast platform!