Kids & Money Episode 02 | Bookynotes Blog blog | Bookynotes

Kids & Money Episode 02

0 Comments /

Hosted by: Chad Jones

November, 2021

In this episode, we talk about the three core concepts in every family financial dynamic, opportunity cost, understanding debt, and budgeting.

In this episode we cover:

  • What are the three concepts at the core of every family financial dynamic (2:21)
  • The definition of opportunity cost (5:10)
  • Money lessons will impact kids emotionally and relationally in life (11:19)
  • If you have the proper definition of rich, you will have breathing room in your budget (15:01)
  • The psychology of naming every single dollar to help save (16:16)
  • Three artistic truths that apply to teaching (19:32)
  • What are income and expense to a child (22:10)
  • Have a fun factor when teaching your kids about money (24:57)
  • Discuss how spending money makes you feel (26:00)
  • Use a business analogy while out spending money to help teach the income/expense definitions (30:00)

Sample Block Quote

Nam tempus turpis at metus scelerisque placerat nulla deumantos sollicitudin delos felis. Pellentesque diam dolor an elementum et lobortis at mollis ut risus. Curabitur semper sagittis mino de condimentum.

Sample Paragraph Text

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi ut blandit risus. Donec mollis nec tellus et rutrum. Orci varius natoque de penatibus et magnis dis parturient montes, nascetur ridiculus mus. Ut consequat quam a purus faucibus scelerisque. Mauris ac dui ante. Pellentesque congue porttitor tempus. Donec sodales dapibus urna sed dictum.

Leave a comment

All blog comments are checked prior to publishing
لقد تم اشتراكك بنجاح!
العربية