Breaking Money Silence

Is it inevitable that my kids will control my finances? | Episode 53

Informações:

Synopsis

Stacy LeBaron, Host of Community Cats Podcast At a young age, Stacy’s mother taught her to invest, and the money she made from her portfolio allowed her to pursue her passion for rescuing animals. In this episode, Kathleen interviews Stacy about her belief that parents should empower their children from a young age to invest in the stock market and how it is inevitable that your kids (or the next generation) will control your finances as you age. Key Take Aways: Women are great financial role models. Stacy’s grandmother and mother were skilled investors and passed this talent down to her. Learn how Stacy plans to pay this gift forward. Allow teenagers to practice investing. Many experts encourage parents to wait until their children are in their mid-twenties to discuss their inheritance. Stacy thinks this is a big mistake and wants parents to know that practicing these money skills is important while the kids are still live under your roof. Stay open to ongoing money conversations. Stacy grew up in a