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4: Teaching Kids About Money By Letting Them Fail

Just like when they learned how to walk, your kids need to be able to fall down over and over again as they learn about money.

Creating a safe environment for them by letting them make $5, $10, and even $50 decisions when they’re young so that they don’t make $500 or $50,000 decisions when they’re adults.

Listen to episode four of The Rich Life Radio Show to learn how to create a productive version of “The Bank of Mom & Dad” that promotes saving and creates a safe environment to learn about money.

James’ also fields questions from the audience about how to help grandparents engage in healthy money relationships and when and how to talk with your teenage kids about getting a job.

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Email your own question: radio@livingarichlife.com

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