SecureFutures (Teen Financial Literacy Education, Tools, and Mentoring)的动态

Ever wonder how financial advisors teach their kids about money? There are many different ways to approach teaching these livelong lessons, and in this episode of If Money Were Easy, Gabe Brenner shares what steps he took when raising his children. From teaching the rewards of saving, investing, and giving, to the importance of making money mistakes early, he discusses his approach to instilling healthy money habits and raising financially savvy children. https://lnkd.in/eprdCkfh

How to get clear goals in 90 min or less: (Even if you hate talking about money) Met with a family recently who didn’t know what to do… They had a large property sale But they didn’t have: → Clear Values → Joint Goals → Priorities Here’s what we did (you can do it too): 1?? Make (separate) lists of your top values Things like Family, Adventure, Freedom… 2?? Discuss what each means to you Why you chose it, any related stories… 3?? With those in mind, agree on joint goals Things like Retirement, Education, Charity…. 4?? Lastly, “whiteboard” the prioritization (Whiteboard optional) What goes where? When? This is where 90% of advisors (and people in general) get too fancy, too early. ? This isn’t the time for detailed analysis. ?? It is the time to get crystal clear on what’s most important to you… And why. So…got 90 minutes? It’ll be time well spent.

We cannot think of a better time to discuss the importance of financial literacy, education, and planning for the future, especially in the context of the great wealth transfer. ?? With more than $84 trillion expected to change hands over the next two decades, educating the next generation on financial management and responsibility is crucial. ? Here are a few things to keep in mind when trying to foster financial values in your family: Create a personal financial mission statement with your family. This could be about pursuing financial literacy or focusing on charitable giving. ?? Schedule regular family meetings to discuss values and financial goals. ?? Teach financial literacy to your children. This can include showing your children how to save money, distinguishing between needs and wants, or overviewing basic financial principles such as budgeting, credit, or even investment strategies. ?? By prioritizing financial education and planning, we can help prepare future generations to manage their wealth responsibly and carry on their family’s financial legacy. ?? --- Investment advice offered through Stratos Wealth Advisors, Veritas Boston Wealth Management LLC, a registered investment advisor. Stratos Wealth Advisors, LLC and are separate entities. This content is developed from sources believed to be providing accurate information and provided by Veritas Boston Wealth Management. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

As parents, one of the most important lessons we can impart to our children is financial literacy. Equipping them with the knowledge and skills to manage money responsibly will set them up for success in the future. Here are four essential money tips every parent should teach their kids: 1. Start Early: It's never too early to start teaching your kids about money. From a young age, involve them in age-appropriate discussions about saving, spending, and budgeting. Encourage them to set aside a portion of their allowance or earnings for savings goals. 2. Lead by Example: Children learn by observing, so set a positive example with your own financial habits. Demonstrate the importance of budgeting, saving, and avoiding impulse purchases. Involve them in household financial decisions to help them understand real-world money management. 3. Teach Delayed Gratification: In today's fast-paced world, instant gratification is everywhere. However, teaching your kids the value of delayed gratification is crucial for long-term financial success. Encourage them to save up for items they want rather than relying on instant purchases. 4. Emphasize Financial Responsibility: Instill a sense of responsibility in your kids when it comes to money. Teach them about the consequences of overspending, the importance of living within their means, and the value of giving back through charitable giving. By applying these simple yet impactful money management principles, you'll empower your children to make smart financial decisions throughout their lives. Remember, the lessons you teach them today will shape their financial future tomorrow! For more money-saving insights, read my new book "Your Best Financial Life" now! https://lnkd.in/dhxZ7d_f #FinancialLiteracy #MoneyManagement #TeachingKidsAboutMoney #SmartMoneyHabits

As both a dad and financial adviser, I know that instilling good financial habits in children early on makes all the difference. Learn how conversations about budgeting, saving, and even charitable giving can set the foundation for their financial future in my latest article for Kiplinger: https://lnkd.in/gprbRNjy

Getting married is an exciting milestone that comes with all types of advice, but what about financial advice? This week, let’s talk about four financial tips for newlyweds. Money is a tricky topic for many people to talk about, no matter how much you love each other!? If you haven’t talked through your financial goals, here is an excellent way to get started. Tip 1: Set short-term and long-term financial goals - Short-term financial goals typically take less than a year to achieve.? Short-term goals can include creating a budget, building an emergency fund, paying down high-interest debt, and saving for a vacation. - Long-term financial goals can include buying a home, saving for retirement, and planning for your future children’s education. By discussing these goals now, you will get to know each other’s money temperament better and build a solid strategy for moving forward. Are these tips helping you? Help us give more people access to financial learning tools, elevate financial literacy, and create programs for children’s financial literacy programs. We are all about providing education to help create financial wellness.? Please visit our website, https://lnkd.in/gzrBv4zC, to learn more about us. We thank you for considering a small donation to keep our mission growing!

As both a dad and financial adviser, I know that instilling good financial habits in children early on makes all the difference. Learn how conversations about budgeting, saving, and even charitable giving can set the foundation for their financial future in my latest article for Kiplinger: https://lnkd.in/g-uKKiui

Research has shown that instilling financial confidence in children could help make a difference in their future financial success.?With that in mind, we pulled together several tips on how parents (or anyone) can introduce kids to personal finance concepts. ? Talk about your own experiences and basic money management. Since personal finance is not part of the curriculum at many schools, it's important to instill financial lessons at home. ? Tailor your lessons to your child's age. For example, making change might be a good lesson for younger children, whereas concepts like investing may be more digestible for teens. ? Explore what it means to make choices about earning, saving, and donating money. A small allowance or opening a savings account may make the lessons more tangible. What do you wish you had learned about finances growing up? Get more ideas at our blog: https://lnkd.in/d8hUQ8er #JeniusBank

?? Four Priceless Money Lessons for Kids: Setting the Foundation for Financial Success ?? Teaching kids about money is one of the most valuable gifts you can give them. These early lessons lay the groundwork for financial literacy and responsible decision-making later in life. Here are four essential money lessons to start with: The Value of Earning: Help kids understand that money is earned through work. Whether it's through chores, an allowance, or a part-time job, experiencing the effort required to earn money instills a sense of value and responsibility. Saving for Goals: Encourage kids to set savings goals, whether for a toy, game, or bigger purchase. This teaches them the importance of delayed gratification and how to manage their money to achieve their goals. Budgeting Basics: Introduce the concept of budgeting by helping them allocate their money into categories—spending, saving, and giving. This practice helps kids understand how to prioritize and plan for future needs. The Power of Giving: Teach kids about the importance of generosity and helping others. Whether it's donating to a charity or buying a gift for someone in need, understanding the impact of giving is a crucial part of financial education. By instilling these money lessons early, you're equipping your children with the tools they need to make wise financial decisions throughout their lives. #FinancialLiteracy #Parenting #KidsAndMoney #FinancialEducation #WealthManagement #GreeneWentzlerWealth #Woodforest #WoodforestWealthStrategies

How to set clear financial goals in 1 hour: (Even if you hate talking about money) Met with a family recently that is selling an 8-figure piece of property. They stressed about not having: → Aligned Values → Clear Goals → Priorities Without a plan, they wondered what that money would do to their family. (It isn’t always the blessing you’d expect) Here’s what we did: 1/ Made lists of each person’s top values → Things like Family, Adventure, Freedom… 2/ Discussed what they meant → Why it was chosen, any related stories… 3/ With values in mind, agreed on goals → Such as Retirement, Education, Charity…. 4/ Then, we “whiteboarded” it → What goes where? When? This is where 90% of people (even advisors) get too fancy, too early. ? This is not the time for detailed analysis. ?? It is the time to get crystal clear on what’s most important to you… And why. P.S. Got an hour? It’ll be time well spent.