Published Dec 11, 2018

3 Ways To Teach Your Kids About MONEY - How To Build Sustainable WEALTH!

Dean Graziosi delves into effective ways to teach children about money by focusing on values like honesty, entrepreneurial spirit, and moral integrity. Through personal anecdotes, he emphasizes the role of real-life examples and allowance management in building sustainable wealth habits.
Episode Highlights
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Episode Highlights

  • Truth & Values

    Dean Graziosi emphasizes the importance of instilling values over merely setting rules for children. He shares that while rules like doing chores for an allowance exist, they are ineffective without underlying values such as honesty and truthfulness. Dean has taught his children from a young age that telling the truth is paramount, fostering an environment where they can speak openly without fear of punishment.

    They can respect and trust that the truth will not get them in trouble, but it will spark a conversation and make the adjustments.

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    This approach strengthens family bonds and builds trust, ensuring that honesty becomes a core value rather than just a rule to follow 1.

       

    Commitment

    Dean illustrates the significance of commitment by never breaking promises to his children, even in playful situations. This consistency has ingrained in them the value of integrity, showing that truthfulness is rewarded and deceit erodes trust. He encourages his daughter to pursue her passion for softball with dedication, emphasizing that success comes from hard work and practice when no one is watching.

    If you're gonna play, we don't dabble. Don't go out there and practice once a month and go out there and get frustrated at the games because you don't win at games.

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    By embedding these values, Dean ensures that his children understand the importance of going all out in their endeavors, reflecting the Graziosi family ethos 2.

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