Teaching Kids the Value of Money and Joy in Spending -- and Saving with Mike Michalowicz HPC: E162

Get all the links we mentioned here: https://kidscookrealfood.com/teaching-kids-about-money/

If you want to be told you're a great parent instead of a mean parent because you have high expectations of your kids and disciplined rules in place, THIS is your chance!

My guest today is a million-dollar business builder...and loser...and "learn from the burn" kind of guy. Let's all learn from his own failures with money so that we can set up an environment in which our kids can build financial literacy.

We talk a lot here at Kids Cook Real Food about kids having a great relationship with food and how important that is - today we get to talk about our relationship with money, such as:

* why kids should start young managing their own money
* how to teach kids to save and KNOW money's intended use before spending it
* why Mike recommends that the largest percentage of our money goes to contributing, not to ourselves
* a wild "upward spiral" that we can get our kids (and ourselves) into that helps us do ALL these things: feel great, want to earn more money, feel good about how we spend money
* why parents should give kids hard things to do (and the risk when we don't!)
* the gift vs. the gain - how we give our kids the greatest gift by avoiding giving them gifts
* a simple strategy for making a new habit withOUT fighting against your own tendencies
* why we want to generate joy from saving money
* the million-dollar parenting question that we all really need to apply to every decision we make, especially for which one temptation is "quicker and easier"

I feel like I typed "money" way too many times in the last 5 minutes, but that's what this interview is about! Or at least...that's how it started. Mike has a knack for behavioral psychology, and he ends up digging deep into the mechanics and philosophy of parenting.

I'm changed by his presence, and I know you will be too!

Visit the Kids Cook Real Food eCourse and see how we teach children confidence in the kitchen: https://kidscookrealfood.com

Find all the Kids Cook Real Food Healthy Parenting Connector videos at https://youtu.be/GVRq0m-Ehe4
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