Lesson 4

Teach your kid to save

As a parent, instructing your kids on how to save is one of the most crucial skills you can teach them. As a financial advisor, I’ve had a front-row seat with my adult clients to see which habits are vital in order to achieve financial success. Most people mistakenly believe that choosing the right investments creates financial security. But if you don’t have the capital available to invest—no matter how great the return—this route likely won’t hold up in the long term and won’t address the initial problem of a lack of savings. In fact, it is your ability to save regularly over time that will allow you to achieve financial security.

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.

4) HAVE THE MONEY CONVERSATION

Use 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.

5) WATCH THE MASTERCLASS

Watch the quick masterclass on this topic presented by Tom Henske, Founder of Total Cents, available only in the Total Cents Masterclass.

The Total Cents Masterclass includes:

• All resources above plus
• One masterclass per lesson
• Easy access to all 12 lessons in one place

just $47