The Business of Thinking Big
The Business of Thinking Big Podcast is hosted by business coach and founder of Mamas & Co., Lianne Kim. In this podcast we talk all things business mindset, strategy and hustle. So, if you're looking to grow your revenue, serve more dream clients and create amazing new possibilities, then you my friend are in the right place!
The Business of Thinking Big
Raising Financially Empowered Kids with Shannon Lee Simmons
How do we prepare our kids for a financial world that's completely different from the one we grew up in? Today's teens face unprecedented challenges — from instant access to spending via their phones to a complete lack of physical relationship with money.
In this essential conversation, I sit down with financial planner and author Shannon Lee Simmons to discuss her latest book "Making Bank: Money Skills for Real Life for Teens." Shannon shares why this generation needs our help more than ever, and gives us three foundational money lessons every parent should know.
Whether you have tweens, teens, or younger kids, this episode will transform how you talk about money in your home and give you practical tools to raise financially empowered children.
In this episode, you'll discover:
- Why today's teens face financial challenges we never experienced growing up
- How to normalize money conversations without shame or judgment
- The budgeting basics every teen needs before they turn 18
- How to harness your child's expensive wants to teach saving habits
- Why letting your kids "mess up" with money is crucial for their learning
Timestamps:
- 2:00 How Shannon got into financial planning and writing
- 5:00 Why she wrote a money book specifically for teens
- 13:00 Lesson #1: Normalize money conversations at home
- 22:00 Lesson #2: Teaching budgeting in a digital world
- 27:00 Lesson #3: Building the habit of saving
- 33:00 Using incentives to motivate financial learning
Links Mentioned:
- Her Business: https://www.newschooloffinance.com/
- The Book: https://tinyurl.com/3dzv89ub
Join us at MamaCon 2025 on Friday Nov. 7th in Toronto, Canada.
https://www.mamasandco.com/mamacon
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