Building Healthy Financial Habits & Principles for Future Generations

Minority Money

What financial advice would you give to your younger self or your children?

In this episode, I’ll discuss principles for teaching young people about money. These include paying oneself first, not spending more than one makes, investing early and frequently, never stop learning, and managing debt effectively. It is very important to have open conversations with family members about money and building a healthy relationship with it.

Build healthy financial habits and ensure that future generations are equipped to make informed financial decisions. Listen now!

Key Points:

[02:40] #1 Pay yourself first

[05:39] #2 Don’t spend more money than you make

[07:32] #3 Invest early

[09:54] #4 Never stop learning

[10:51] #5 Manage your debt

If you loved this episode, you have to listen to these episodes as well:

>> Spring Cleaning Your Finances: Tips for a Financial Fresh Start

>> Monitoring your Financial Plan with Dr. Preston Cherry [Step 7 of Financial Planning]

>> Implementing the Plan with Shawn Tydlaska [Step 6 of Financial Planning]

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