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In this issue: My latest podcast episode featuring Stacking Benjamins‘ Joe Saul-Sehy, Joe’s “circle back” technique and setting screen time limits. “Working to help parents raise money-smart kids.” 3 Ideas to Share & Save Hello, friends! Here are “3 {More} Ideas to Share & Save.” Let’s get started, shall we? — 1 — Poor Joe’s Almanac: Joe Saul-Sehy drops wisdom like the guy for whom his award-winning Stacking Benjamins Podcast is named. Please take a second to load up our conversation in your podcast player right now. You won’t be disappointed!
During his appearance on the podcast, Joe shares his experiences and insights on raising money-smart kids despite being a self-professed one-time “money disaster.” He recounts his own credit card debacle, which influenced how he approached money with his twins. Joe also explains how he introduced them to money when they were young, his family’s allowance system, his “circling back” strategy and how he tackled money conversations. What’s more, he discusses money tracking, the difference between saving and investing and responsible debt management. Additionally, Joe and I touch on the loneliness epidemic, the impact of financial coaching, the freedom to make money mistakes and the importance of not purchasing without a payment plan. His episode is full of actionable advice for those of us (Myself included! 🙋🏻♂️) who worry that our past money mistakes can prevent us from being effective guides for our kids. — 2 — The “Circle Back” Technique: Have you ever cringed as you watched your kid buy something you just knew was a mistake? 😬 Joe shares a smart, simple strategy you can use to turn a disappointment into an opportunity: — 3 — Weekly Wisdom: “What may emerge as the most important insight of the twenty-first century is that man was not designed to live at the speed of light.”
—Marshall McLuhan
Best known for his ubiquitous “the medium is the message” phrase, Marshall McLuhan was a media critic who worried that modern technology and our paleolithic brains would not mesh well. And he may have been right, considering how this global social media experiment we’re running on ourselves has gone so far. While it may be true that a decent portion of our kids’ social lives plays out online, that doesn’t mean we shouldn’t set limits. Dr. Becky Kennedy, known as “The Millennial Parenting Whisperer,” told Shane Parrish on The Knowledge Project Podcast that “kids cannot self-regulate with phones, period.” In other words, our kids need our help. Setting screen time limits and instituting policies like “phones down until homework is done” help kids begin to understand how these devices hijack their brains. (And, if we’re honest, our own. 🙈) Of course, less screen time means fewer influencers hawking products and a reduction of the envy-driven landscape that makes our kids feel the grass is greener on the other side of the screen. This restraint is one more step on the road to discover that stuff will never be the key to a fulfilled life. As always, enjoy the journey! John, P.S. Please consult with a financial or investment professional before engaging in any decisions that might affect your own financial well-being. View this email in your browser. Forwarded this email? Sign up here.
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