Podcast #188: The Opposite of Spoiled | The Art of Manliness

How should you respond when your five-year-old asks you if your family is rich or poor? Should you pay your kids an allowance? How do you teach your kids to budget their money? Teaching children about money can be a touchy subject for a lot of folks and there isn’t a lot of guidance out there for parents on how to do it well. Parents want their kids to be savvy with money, but often don’t know how to start the conversation. Well, my guest today has written a book packed with research-backed tips on how to effectively teach your children about personal finance. His name is Ron Lieber. Ron is the money columnist at The New York Times, and the author of the book The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous and Smart About Money. Today on the show, Ron and I discuss the benefits that come with talking openly with your children about your finances, as well as some of the most vexing questions parents have when it comes to kids and money. Follow us! https://ift.tt/YAd15k http://twitter.com/artofmanliness