How to Talk With Your Kids About Money, with Bruce Feiler

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Information How to Talk With Your Kids About Money, with Bruce Feiler | Big Think

Title	:	How to Talk With Your Kids About Money, with Bruce Feiler \| Big Think
Lasting	:	4.50
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Views	:	23 rb

I wish you went into detail of why you don't associate money with chores? We as adults work for money, I don't understand that concept
Comment from : Caleb Bird

Smart, straight forward, sensible life lesson Talking about things in an open consequential way is a great way of communicating in general Doing so early on in a child's life just makes things easier and less confusing for them in the long run
Comment from : Robert Gower

This all presumes the adults know how to handle money
Comment from : Joel

#feelthebernbrbr br br brWoops wrong video
Comment from : Ewan Hassall

i grew up being told it wasnt my businessbrIf i saw a bill or so much as looked it's way, i was screamed yetbrbrYet consistently told to learn the value of a dollar and never understood what the fuck was going on
Comment from : james munroe

That quarter note in the jingle,Isn't a good idea
Comment from : Emil Ram

good talk
Comment from : Kevinhillcrest

"Do not associate chores with allowance" is like saying "don't associate work with getting paid" Sounds like Socialism to me But I like it
Comment from : Leonidas GGG

I agree wholeheartedly
Comment from : Brandon Stokes

Both of my parents are extraordinarily bad with money and I've spent a lot of time shaking off some of the bad lessons they taught me I think the most important thing mentioned in the video was explaining how you are fixing the problems you've gotten into and not trying to scare the living crap out of your kids about debt, taxes and savings
Comment from : TurkeyProphet

I do not understand the rationale behind " Do not associate chores with allowance" The idea behind it is sound if explained to the kid If they want something , work for it By giving them an allowance without chores , you are freeing them from mundane chores but conditioning them into thinking it is ok to have a monthly salary instead of building your own paycheck I have my doubts about this video
Comment from : Snapi Lifestyle

teach your kids about taxes rip off at least 30 of their ice cream cone whenever they get it
Comment from : Unclenate1000

I never really questioned money until I learned about Bitcoin
Comment from : Ludguallon

This has always seemed like common sense to me, but I'm a bit too young to have kids at the age of 25brbrDon't treat your kids like fools; they're humans, and they deserve the respect due to a human They aren't incapable of dealing with problems, and being real with your kids is far too rare nowadaysbrbrBasically, you're raising an adult, not a kidstop looking down on them as if they'll be helpless forever; It's patronizing and condescending, even if that's not your intention
Comment from : 3lit3gn0m3

I believe that economic principals should be integrated into Math and Social studies curriculums maybe as early as the 4th grade, maybe even earlier And I think that personal finance should be taught in conjunction the same way starting at the 6th grade level, and developing into its own course in High School This kind of financial literacy would do so much to help people be able to manage their money responsibly at an age when they actually begin to work, usually between 16-18 That little bit of knowledge would save so many from falling into a poverty spiral from which there is likely no escape As Suze Orman said, "there's a highway into poverty and not even a sidewalk to get out Of course that would require schools to go back to actually providing students with an education, and not just "teaching to the test"brbrThe lack of financial education in the US is such a huge problem, we don't even realize it exists Whenever you hear the talking heads or politicians talk about problems in our education, they never address finance I grew up in a financially stable yet very irresponsible home in a very poor area of town My grandparents, who raised me, rented their house even though my grandfather made over 80k a year in the 80's/90's in a city with a very low cost of living They purchased things from rent-to-own operations that inflated prices They never did anything to build their credit score besides buy used cars financed on the lotbrbrAnd now my grandmother is living on a fixed income because they had no retirement plan She is still renting the house I grew up in, even though she has made payments probably equal to 150 of its value Poor people have absolutely no idea how even the most basic principles of economics work, and its not their fault The rich, the investors and the bankers thrive off of that ignorance They don't want their 'secrets' getting out It's that ignorance that allowed them to get away with the blatant mortgage fraud that led to global economic collapse in 2008brbrThey guard the most basic principles of finance like they are the 'ancient Chinese secrets' that used to be ubiquitous throughout martial arts It gives them an air of superiority, that we could never do what they do And it's disgusting Financial education can't start in a home where parents don't have any themselves
Comment from : August Greig

Thank you! We need more people pointing out that money is a horrible incentive
Comment from : Life Improvements

wtf,
Comment from : Nestor Gonzalez

Giving our children a thorough Monetary Education would work best Teaching them the difference between an asset and a liability followed up with the historical viewpoints and differences between money and currency
Comment from : RTDtv

6 mil inheritance?? Holy shit stains I only wish!
Comment from : TheTicoGamer

High schools need to implement finance classes into their curriculum Perhaps replace high level math classes, those juniors and seniors would take, with fiance and basic economics classes
Comment from : Alex Salvador

This is a really good video topic, because it covers something that a lot of people don't think about If I ever have kids, I'll try to keep this in mind
Comment from : Shawn Ravenfire

You also have to taught that money is a mean to reach a goal, and not a goal itself, and I'm not talking about getting the most expensive smartphone or a nice car, I'm talking about things that can make your life meaningfull, like getting your children the best education, investing in research for diseases, helping who is not as fortunate as you etc
Comment from : Dick Van Dick

I wish I would have been taught more about money from a young age I never really had an allowance and the only time money was brought up was my mom being anxious about not having enough for whatever problem she had I now see this in my adulthood in the sometimes unjustified anxiety I have about finances
Comment from : Drew Beatty