Money Meets Medicine Podcast
MMM 49: How to Teach Your Kid About Money
Wealth has the possibility to be generational. You can pass it to your kids and they can pass it on to their kids. But did you know, that most families lose 90% of their wealth by just the third generation? That’s not a very long time!
That’s why today’s episode is so important. If you pass your money along to your kids but you don’t tell them how they should handle it, it’s most likely going to go up in flames. Now is the time for you to learn everything that you need to teach your kids about money.
Teaching your kids the right way to handle your money will help them not to squander it away. You’re kids can be good stewards of what they’ve been given and pass it on to bless their children and their children’s children and generations beyond.
Today You’ll Learn
- How to teach your kids what they need to know about money!
- Why so many kids lose their parents money.
- How fun and games can help kids learn about finances.
- The right ages to teach kids what they need to know.
- And more!
Episode Resources
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© 2021 The Physician Philosopher | Website by The Good Alliance
Love everything about this! Gotta go find 3 jars for each kid!
Great show. My 12 and 10 year old listened with me.
When making contributions to my kids Roth IRA what kind of documentation do I need to keep?
If they make 1200 a year babysitting, being paid cash, and they put it in the account, how do I prove they actually had that income? Do I need to?
How much can they make before we need to file their taxes?