09/10- 4:44 Dealmaker's Digest Newsletter

Author

Mark Evans DM
September 10, 2024

Hey, Dealmaker!

Ever feel like teaching your kids about money is like pushing a boulder up a hill? 🚶‍♂️💸 I hear you! It’s tough finding the balance between spoiling them with stuff and teaching them real financial lessons that stick. The truth is, it’s not just about what you make but how you manage and grow it. 🏦

I’m sharing some real talk in today’s blog on how I’m tackling this with my own kids—and why being a steward of money, not just a spender, is key. Check it out and learn how to make money lessons count! →

4 Thoughts to Kickstart Your Day

  1. Teach Stewardship Over Spending: It’s not about how much you have but how well you use it. Show your kids the power of being responsible with their money.

  2. Small Steps, Big Impact: Start small. Have a “money meeting” with your kids. Talk about what you’ve learned and how they can save, invest, and give back.

  3. Lead by Example: Kids learn more by watching you. Be the example of good money management they need to see.

  4. Flex Those Giving Muscles: Teach your kids that money isn’t just for spending. Show them the joy in giving back and making a difference.

4 Lessons Learned

  1. Money Talks Matter: Regularly talking about money builds confidence and awareness. Don’t make it a taboo subject.

  2. Stuff Doesn’t Equal Love: Showering kids with things doesn’t teach them value. Focus on experiences and lessons that shape their character.

  3. Hire the Right Teachers: Don’t be afraid to get help. Hire coaches or mentors who can teach both you and your kids about financial stewardship.

  4. Celebrate Smart Money Choices: Praise your kids for making smart choices, whether it’s saving for a goal or choosing to give back. It reinforces good behavior.

4 Challenges to Conquer Today

  1. Host a Family Money Meeting: Sit down with your kids this week and talk about money—your wins, your losses, and what you’ve learned along the way.

  2. Create a Simple Saving Plan: Help your kids set a saving goal, even if it’s small. Teach them how to work toward it step-by-step.

  3. Practice Gratitude Together: Find one way to give back as a family this week. It could be volunteering, donating, or helping someone in need.

  4. Share a Financial Lesson: Think of a lesson you’ve learned about money and share it with your kids today. Be open and honest about your experiences.

💡 Want to Learn More About Teaching Your Kids Smart Money Habits? 💡

Join the DM Alliance, where we share tips, strategies, and real-life lessons on how to build wealth and pass down the right financial values to the next generation. Let's build a future of smart, savvy dealmakers together!

Quote of the Day

"A wise person should have money in their head, but not in their heart.”

- Jonathan Swift

Let's raise some money-smart kids, Dealmaker!

Until Tomorrow,

Mark Evans DM

P.S. - What's one lesson you want your kids to learn about money? Hit reply and let me know…

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