Lesson 10

Advise them about insurance

This lesson explains insurance as a vehicle we use to cover certain financial risks in our lives. Anything of value can be covered by insurance, so if it is damaged, lost, or stolen, you will be reimbursed by an insurance company. This lesson describes the basics of insurance and its importance.

1) READ THE CHAPTER

For information and a deeper dive into having money talks with your kids. Read the chapter with relevant financial literature to give you a sufficient foundation on the topic. Order your copy of the book below.

2) LISTEN TO THE PODCAST

Listen to this lesson’s episode where I’ll walk you through the questions to ask your kids during the conversation as well as the likely responses you’ll hear from them.

3) SEND THE TIKTOK

Send this video to your child, so you can set the stage for the topic you’ll be discussing, in a language they understand.

@totalcents You can insure now or pay later! #financialliteracy #financialeducation #financialplanning #personalfinance #money #finance #insurance ♬ Chill Vibes – Tollan Kim
4) HAVE THE MONEY CONVERSATION

Using your printed one-page conversation guide and enjoy the dialogue with your family to get them financially launched. Now’s the time to discuss and start the conversation.

Total Cents Podcast Lesson 9 Advise Them About Insurance

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