Money, Boundaries & Resilience: Guiding Your Young Adult Forward

Keywords

parenting, young adults, life transitions, mental health, financial literacy, college readiness, therapeutic consulting, adulting skills, boundaries, independence

Summary

In this episode of ABC's of Parenting Adult Children, James Moffitt speaks with Joanna Lilly, a therapeutic consultant, about the challenges parents face in supporting their young adult children during significant life transitions. They discuss the importance of financial literacy, the difference between being college capable and college ready, and the necessity of teaching essential life skills. Joanna emphasizes the need for parents to set boundaries and create plans when their children face setbacks, such as dropping out of college. The conversation highlights the complexities of parenting in today's world and offers practical strategies for fostering independence and resilience in young adults.

Takeaways

Joanna Lilly is a therapeutic consultant working with young adults.

Parents need to support their children during life transitions.

Financial literacy is crucial for young adults.

There is a difference between being college capable and college ready.

Teaching life skills is essential for independence.

Setting boundaries is important for parents.

Young adults need to contribute to household responsibilities.

A gap year can be beneficial for mental wellness.

Parents should have a plan if their child drops out of college.

Resilience is key to navigating life's challenges.

Sound bites

"We need to be a little more positive."

"It's important to have a plan."

"Life is hard, it's difficult."

Chapters

00:00 Introduction to Parenting Adult Children

03:16 The Role of a Therapeutic Consultant

05:58 Navigating Life Transitions for Young Adults

08:46 Understanding Financial Literacy

11:26 Signs of Young Adults Needing Support

14:30 Building Life Skills for Independence

17:17 The Importance of Communication and Support

20:11 Humor in Parenting Challenges

26:13 Navigating Daily Responsibilities

26:38 Understanding College Capable vs. College Ready

32:04 The Role of Gap Years in Mental Wellness

33:43 Rethinking the Necessity of a Four-Year Degree

41:17 Addressing College Dropouts and Setting Expectations

48:21

Richard Jones. I am an RN with over 34 years of Nursing Experience, much of that experience working with young adults in the corrections system. 

Hello, James here !

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