Hi there, credit union friends,
I may be dating myself by asking this question (đ ), but do you remember the days of the summer mixtape?
đ¸: The Audio Storyteller
During our vacations from school, my friends and I would spend hours pouring over albums in search of the perfect songs to fill iPods, CDs, and (Dare I say it?) cassettes. The resulting carefully curated creations would then be shared or traded all season long.
In the same spirit, for this edition of âMarketing Manatee Musings,â Iâve compiled a playlist of recent episodes of The Art of Allowance Podcast. This show, hosted by Chief Mammal John Lanza, is a core component of our Art of Allowance Project programâs parent content. The episodes and their corresponding video shorts are designed to empower adults to be their childrenâs guides on the money-smart journey. And with themes ranging from money psychology and financial socialization to introductory investing and charitable giving, thereâs essential information for every family. So read on to discover which guests made this seasonâs money-smart cut!
â Track 1 â
âMoney Psychology, Emotion and Humorâ: The first podcast guest featured on the Snigglezoo summer mixtape is comedic financial speaker Colin Ryan. Colin was named one of the top ten finance presenters in America and has spoken to over one million students and adults. He joined John to discuss how parents can build trust and a shared understanding with their kids on the family financial journey.
During their conversation, Colin and John touch on the following topics:
- The concept of âearning by savingâ
- Zombies and consumerism (Yep, you read that right! đ§)
- Addressing spending by compartmentalizing luxury
For more on this last point, watch the following video short. In it, Colin suggests how to make budgeting less daunting for and more appealing to teens and young adults.
You can stream Colinâs full episode here. And for a custom playlist experience, I recommend pairing it with award-winning financial educator Veronica Dangerfieldâs podcast appearance. During her time on the show, Veronica dives deeper into the psychological journey to financial empowerment that Colin highlights.
â Track 2 â
âThe Importance of Experience, Modeling and Open Conversation in Raising Money-Smart Kidsâ: Next up on our summer soundtrack is researcher Ashley LeBaron-Black. Ashley is an Assistant Professor of Family Life at Brigham Young University whose area of expertise is family finance. She returns to the podcast to discuss the essential roles experiential learning, money modeling and open conversation play on the journey to financial empowerment.
During her second time on the show, Ashley chats with John about:
- How parents can do a better job tackling âscaryâ money topics
- Her interest in âfinancial phoenixesâ đĽ
- How financial socialization systems impact money outcomes
Ashley elaborates on this final topic in the video below. Specifically, she explains that while family financial conversations are important, they should be coupled with providing kids opportunities to practice with money. Plus she stresses that being a good money model can also help children develop better financial habits in the long run.
Ashleyâs full show is available here. And if youâre interested in adding another track to your money-smart mixtape, then tune in to financial psychologist Brad Klontzâs podcast episode. He discusses how the âmoney scriptsâ Ashley mentions impact financial behaviors and explains how they can be passed through many generations.
â Track 3 â
âTeaching Our Kids to Investâ: If we were to give an award for the podcast graphic that looks most like an album cover, then the below image of guest Evan Wilson would win, hands down. Evan is a former research analyst and CFO turned full-time investor. He recently came back on the show to chat with John about how investing can serve as a conduit to money-smart conversation.
Here are some highlights from their discussion:
- Understanding risk: whatâs âsafeâ versus whatâs âbestâ for kids
- The hockey-stick approach to compound interest đ
- How a McDonaldâs drive-thru line can help parents start the investment conversation with their kids
For more on the Golden Arches and the stock market, stream the following video. In it, Evan explains how he introduced his kids to investing by cultivating an âownerâs mentality.â
Click here to tune in to Evanâs full episode. And if a double album is more your style, then check out his first podcast appearance with fellow former Money JAR Podcast host Todd Yuzuriha. The two team up to discuss how parents can help their kids cultivate âthe right relationship with riskâ when investing.
â Track 4 â
âThe Family Share Jar â Giving Togetherâ: Rounding out this seasonâs playlist is family finance coach Andy Hill. Andy is the maven behind Marriage Kids and Money, a platform dedicated to helping families build wealth and happiness. During his time on the show, Andy shares the changes he made to become a better money model for his children, especially in the area of giving.
Andy tackles these questions in his episode:
- Is there such a thing as âgood debtâ?
- How can parents make invisible money decisions visible? (Two words: mortgage piĂąata! đŞ )
- What are ways to level up family giving?
If you canât wait to find out the answer to this last question, then click on the podcast short below. In it, Andy explains the importance of parental modeling and shares an idea he uses to encourage his kids to donate more to charity.
Finish up your summer streaming by tuning in to Andyâs full episode here. Or if youâre in the mood for an extended cut, then press play on self-professed âtime nerdâ Ashley Whillansâ first podcast appearance. She addresses the relationship among money, time and happiness that Andy mentions.
Well, credit union friends, nowâs the time to break out the Walkman (Gasp!) to give our summer soundtrack a listen. Art of Allowance Project partners, you can stream the podcast episodes and video shorts Iâve highlighted by visiting your siteâs âFor Parentsâ page and exploring the âAnswers to your biggest questions about kids and moneyâ tool. And if youâre not yet a partner but would like to bring this empowering family content to your institution, then letâs chat!
đ¸: Tostoini on Giphy
One last request before I sign off: Pretty please (With a cherry on top! đ) subscribe to the show and leave a review using the stars. Doing so will help our team produce more enriching, money-smart material for parents and kids to enjoy.
Until next time, hereâs to putting our best fin lit flippers forward!
Erin Prim
Marketing Manatee