Healthy Parenting Handbook with Katie Kimball

069: Starting Your Kids Off on the Right Financial Foot | Teaching Kids About the Dangers of Debt

Katie Kimball Season 1 Episode 69

Raise your hand if you love money!

But…raise your hand if you DON’T love figuring out what to DO with your money, spending too much money, or not having enough money?

That’s Brad Nelson’s mission as Debt Free Dad - to help normal everyday people take control of their finances so they can live a happier less stressful life.

We dig into a lot of practical and philosophical tips, including:

  • First steps to get out of debt
  • How to STAY out of debt in the first place
  • Letting go of limiting beliefs
  • Creating a “debt is bad” mindset - for the wrong kind of debt
  • Getting more time freedom in your life – because time is the one thing we never get back!
  • We dig into how to teach kids and teens about finances too: “We have to teach our kids what debt is and the risk it can have on your life and the choices you make…”
  • Why financial health is a daily commitment

Brad is one of our valued #LifeSkillsNow Season 4 camp leaders, teaching teens and tweens about the real cost of “convenience” and what compound interest can do for our high school kids. It’s phenomenal! My own kids and other teen testers were blown away.

Check out #LifeSkillsNow totally free right here.

Resources We Mention for Teaching Kids About Debt

Get your free knife skills class at https://kidscookrealfood.com/HPHknife right now!

Affiliate links used here. Thanks for supporting the Healthy Parenting Handbook!