Training Kids for Financial Independence, with Linda Manuel

Linda Manuel shares a lifetime of wisdom gleaned from hard work, thrifty parents, personal responsibility, and the challenge of independence. She tells us why being over generous with children (as well as helping them out of all their troubles) is unwise and unproductive. She explains that being good at a job, getting up on time, meeting your responsibilities, and personal autonomy are all fostered very early on… and tells us how she did it!

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AW website: https://abrahamswallet.com/2017/11/27/what-is-abrahams-wallet/

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This Week's Episode Rundown:

0:00 introduction

3:15 Don’t Over-Give to Children

7:50 The Value of a Dollar

9:18 Financial Training for Children

18:55 Cash to kids?

21:43 How did your kids turn out?

24:50 Teaching Independence

33:48 AW update

37:45 Don’t bail your kids out!

45:00 Money training leads to so much more