Financial Literacy Is Not the Goal, a Useful Allowance Check-In and What the Longest Study on Happiness Reveals

Money-Smart Monday

with John Lanza

Hello, friends,

Let’s dive right in!

Always. Be. Learning.

If that headline doesn’t ring a bell, watch this. And for a laugh, watch this.

I recently finished Justin Welsh’s terrific course on using LinkedIn more effectively. And last week I began implementing that learning by posting about the importance of starting money smarts early, why financial literacy is not the goal and how money can buy you happiness. Please jump into these conversations, and let me know what you think.

A useful allowance check-in

FamZoo founder, podcast alum and money-smart movement leader Bill Dwight shared “30 Family Finance Tips for Financial Literacy Month.” (I told Bill I was jealous. I wish I’d thought of it!)

6 Traits of a Well-Tuned Allowance” is a useful post from his list that aligns with this short audio snippet from fellow podcast guest and First National Bank of Dad author David Owen.

Advice I’m pondering

This article on Warren Buffet’s advice for the middle class underscores the importance of a straightforward approach. So it echoes “The Money Simplicity Shift” and these three key habits.

Want the TL;DR? Pay yourself first, reduce your unnecessary expenses, invest in the S&P 500, avoid consumer debt, invest in yourself and live frugally, not miserably.

A quote I’m pondering

“I never get bored with the basics.”
—Kobe Bryant

Pair Kobe’s words with this podcast conversation.

More ideas I found interesting

➡️ “What The Longest Study On Happiness Reveals”
➡️ My summary of and selected quotes from The Power of Habit
➡️ I loved this John Williams documentary.

As always, enjoy the journey!

John,
Chief Mammal

📗 Get The Art of Allowance (for parents)
📚 Get the “Share & Save & Spend Smart” series (for kids)
🫱🏻‍🫲🏽 Become a partner (for businesses)

P.S. Please consult with a financial or investment professional before making any decisions that might affect your financial well-being.

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