Earn & Invest

Join us for thought-provoking conversations that empower you to Earn and Invest wisely, shaping your future while making informed decisions today. Every Monday, our wide-ranging panel discussions explore various financial topics, fostering engaging conversations that challenge conventional wisdom and provide fresh perspectives. Then, on Thursdays, we delve into individual interviews, offering deep insights from experts who share their experiences and expertise. While we may not always uncover definitive answers, our goal is to equip you with the essential questions necessary to navigate a richer path towards not only financial independence but living a life full of purpose, identity, and connections.

  1. 713. Ten Things About Teaching Your Kids Wealth

    2D AGO

    713. Ten Things About Teaching Your Kids Wealth

    Every parent wants to give their kids a financial head start. But I’m not convinced that means whiteboard lessons on compound interest at age eight. In this week’s Earn & Invest, I shared 10 things I’m teaching my children about wealth. Most of them push back against the mainstream narrative. First, kids learn about money in three ways: didactic teaching, modeling, and experiential learning. The worst of these? Lectures. You can explain mortgages and index funds all day long. But until a child feels the weight of a financial decision, it won’t stick. In medicine we say, “See one, do one, teach one.” Money works the same way. So instead of lecturing, we model. My kids overheard conversations about rental properties. They watched us set up LLCs. They saw investing as something normal, not mysterious. By college, buying and renting property didn’t feel radical—it felt logical. We also replaced weekly allowance with a $500 lump sum each January. That money had to last the year. My son ran out after breaking his phone. My daughter saved so much she skipped things she wanted. Both learned something no lecture could teach: money involves trade-offs. I’m also wary of monetizing childhood. Kids don’t need Roth IRAs before they need curiosity and kindness. I didn’t start investing seriously until my thirties. Wealth can wait. Character can’t. As for inheritance, I want to teach them how to fish. The ability to generate income matters more than a trust fund. The exception? College. I’ll pay for it. Crushing debt isn’t a safe learning experiment. Above all, I want them to know money is a tool. It buys time, flexibility, dignity. It is not happiness. Some of my best memories cost $2,000. Some expensive experiences felt empty. Joy comes from connection and meaning—not the price tag. If my kids understand that, they’ll be just fine. Learn more about your ad choices. Visit megaphone.fm/adchoices

    33 min
  2. You Might Also Like: The Oprah Podcast

    2D AGO · BONUS

    You Might Also Like: The Oprah Podcast

    Introducing When Your Kids Won’t Put Their Phones Down, with Oprah & Addiction Specialist Dr. Anna Lembke from The Oprah Podcast. Follow the show: The Oprah Podcast Millions of parents and educators are in an overwhelming struggle to get children and teens to put their smartphones down or stop watching a screen on a tablet. To uncover what is at the root of an issue that is wreaking havoc at home and at school, Oprah sits down with Dr. Anna Lembke, a psychiatrist and Chief of the Stanford Addiction Medicine Dual Diagnosis Clinic. Dr. Lembke, author of the New York Times mega-bestseller Dopamine Nation: Finding Balance in the Age of Indulgence, explains why smartphones and tablets should be thought of as providing “digital drugs,” while describing the devastating impact these “drugs” are having on the still-developing brains of young people. Dr. Lembke and Oprah answer questions from mothers who are desperate for help managing their children’s screen addictions. Plus - British actress, Royal Family Member and Patron of Close Screens Open Minds Sophie Winkleman joins from London to talk about why she believes tech in schools has been disastrous for students and is destroying the education system from within. 'Dopamine Nation' by Anna Lembke Chapters: 00:00:00 - Welcome Dr. Anna Lembke, author of “Dopamine Nation”  00:03:00 - Reframing digital media as a drug 00:08:30 - Smart phones are modern day hypodermic needles 00:09:15 - Addiction definition  00:12:10 - Kids experiencing craving and withdrawal  00:17:00 - Mom of 2 girls wants to know if they are addicted  00:27:15 - Managing teens devices 00:36:15 - How to help college-aged kids  00:42:00 - Actress Sophie Winkleman on ed tech  00:45:00 - Screens in schools  00:48:00 - Distracted kids don’t know how to learn  00:50:00 - Regulating tech for kids Subscribe: https://www.youtube.com/@Oprah?sub_confirmation=1 Follow Oprah Winfrey on Social: https://www.instagram.com/oprahpodcast/ https://www.facebook.com/oprahwinfrey/ Listen to the full podcast: https://open.spotify.com/show/0tEVrfNp92a7lbjDe6GMLI https://podcasts.apple.com/us/podcast/the-oprah-podcast/id1782960381 Learn more about your ad choices. Visit megaphone.fm/adchoices DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to team@podroll.fm.

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About

Join us for thought-provoking conversations that empower you to Earn and Invest wisely, shaping your future while making informed decisions today. Every Monday, our wide-ranging panel discussions explore various financial topics, fostering engaging conversations that challenge conventional wisdom and provide fresh perspectives. Then, on Thursdays, we delve into individual interviews, offering deep insights from experts who share their experiences and expertise. While we may not always uncover definitive answers, our goal is to equip you with the essential questions necessary to navigate a richer path towards not only financial independence but living a life full of purpose, identity, and connections.

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