197: The Opposite of Being Spoiled: Raising Financially Responsible Kids With Ron Lieber

197: The Opposite of Being Spoiled: Raising Financially Responsible Kids With Ron Lieber

 
 
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The Opposite of Spoiled: Raising Financially Responsible Kids with Ron Lieber

Today’s guest isn’t an expert on health… unless you’re talking about financial health! Ron Lieber has been the “Your Money” columnist for the New York Times since 2008. He also a dad, and wrote some incredible best-selling books about teaching kids to manage money and plan for their financial future. I especially love his book The Opposite of Spoiled and think it’s such a needed message for kids today.

Second to the birds and the bees conversation, this is probably one of the toughest topics for parents to address with their children. Today Ron gives guidance on when and how to start talking to your kids about money, and his approach makes so much sense as our kids prepare for adulthood in a fast-changing world.

Episode Highlights With Ron Lieber

  • why so many parents feel uncomfortable teaching their kids about money
  • what can happen if you put off the conversation for too long
  • the reason to let your kids make financial mistakes… & why it’s so good for them
  • why keeping kids in the dark about family finances may actually make them more anxious
  • ways to help kids learn the difference between needs and wants (not a bad thing for us to learn either!)
  • why today’s kids are more likely than ever to be unprepared for adulthood
  • strategies for knowing when and how your child is ready for the big plunge: a phone and a car
  • what our family will make our kids do before they can drive a car
  • Ron Lieber’s thoughts on saving for college… it might surprise you!
  • why it’s never too late to start talking about money as a family

Resources We Mention

Books by Ron Lieber

Ron Lieber Quotables

“College is wasted on 18-year-olds. You should go do something else in the world for a year or two. You should start a business, you should serve your country, in some way, shape, or form. You should work and then take the money to travel or do something to support your family or volunteer work, you know, all sorts of things. You should go and get some experience out in the world that you can bring back to bear on your undergraduate education and I hope that everybody out there who’s listening, who thinks they have, you know, college-bound kids on their hands, will consider the possibility of a gap year.”

More From Wellness Mama

Do you talk to your kids about money? What’s worked well for your family? Please drop a comment below or leave a review on iTunes to let us know. We value knowing what you think and this helps other moms find the podcast as well.

Many Thanks to Our Sponsors

This podcast is sponsored by Desert Farms Camel milk. Have you ever heard of camel milk? Or ever tried it? I found some fascinating studies about camel milk a few years ago and had to try it. I found Desert Farms, which is the highest quality camel milk source available, and ordered a box. Here’s why camel milk is unique: according to the studies, it has some unique immune supporting properties that make it potentially beneficial for those with autoimmune disease and it can often be tolerated by those who don’t do well with traditional dairy. I love that Desert Farms raises happy camels in a sustainable way and really cares about the quality of the milk and the health of their camels. Right now, they’re offering Wellness Mama listeners 4 free extra bottles for life with any subscription. Go to wellnessmama.com/go/camel-milk/ to grab the free bottles or find out more.

This podcast is brought to you by Four Sigmatic. There’s so much I love about this company, but I’ll try to just share a few of my top favorite reasons. For their founder, Tero, foraging and growing local foods is a passion that goes back generations as he is a 13th-generation farmer from Finland, where they do things a little bit differently. He found a way to incorporate highly beneficial superfood mushrooms into everyday beverages like coffee, matcha, and elixirs so we can all sip them and get the many benefits. For instance, did you know that one serving of chaga mushrooms contains as much antioxidants as 30 pounds of carrots and that chaga mushrooms are considered the most antioxidant-rich food on earth gram for gram? Four Sigmatic coffee is my go-to on coffee days since it has beneficial lion’s mane or cordyceps mushrooms for an extra brain boost without the jitters. I consume one of their coffees or elixirs every day. I also often end the day with their reishi elixir which helps promote restful sleep. Check out their full range of products and grab a 15% discount at foursigmatic.com/wellnessmama with the code wellnessmama.

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Reader Comments

  1. Here’s a goofy thought: In your email, I see “197: Some topic here” and never did realize that this was a podcast link. I always skipped it because it had the image of advertising with the number in front. Sad. I know. Some newer folks might not realize the number is the podcast number. Sigh. Keep up the good work. H

    • Thanks for the feedback. Not sure what you mean by “the image of advertising”, as there aren’t any ads in the email newsletter…

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