The importance of good money habits
“Don’t you wish someone would’ve taken the time to teach you money-management concepts at a young age? Think for a moment what your life would be like. How important would that be to share with your child or grandchild?” That’s the question posed by Holly Reid, award-winning author, speaker, and certified financial educator.
“The unfortunate reality is the absence of financial literacy at home and in our schools creates a society filled with victims of the consumer culture, bound in debt, and working well beyond retirement age…not because they want to, but because they have to. Today’s youth face a future of similar obstacles. Because they are learning financial concepts and practicing ideal money-management habits too late in life.”
Holly Reid is dedicated to helping adults and the next generation manage their finances as responsible stewards. She believes that, as parents, you can break the chain of poor money habits. That way, your child will never face mounds of consumer debt or the dreaded paycheck-to-paycheck living. You can develop your child’s financial intelligence and establish a foundation for your son or daughter to build wealth. You just need to practice the five money habits she wrote about in her book “Teach Your Child to Fish”. Holly is also the creator of The Master Playbook, a website with resources to help you create your game plan for financial freedom.
In this episode, we talk to Holly about her journey of ditching debt, creating wealth, and how she is helping other parents build good money habits for themselves and their kids.
Resources & Links
The Master Playbook
Book: Teach Your Child to Fish & other resources