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Trust Me: Kids, Money & Savings Lessons from our Youth
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Welcome to Episode 119 of The Liquidity Event! Shane and John discuss some of the big questions parents ask when it comes to finances and their children. They look at different strategies available to parents as well as their pros and cons.
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- Trust Funds and Financial Gifts: Shane and John talk through various strategies for setting up trusts, acknowledging the difficult balancing act between supporting children and teaching them about financial responsibility.
- Raising Financially Responsible Kids: Hear personal anecdotes about how Shane and John’s first jobs influenced their savings habits. The two also discuss Ron Leiber’s The Opposite of Spoiled on preventing entitlement and fostering a balanced understanding of money.
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