11: Setting Your Teenager Up for Financial Success

<p><span style="font-weight: 400;">Courtney Poquette has been a Teacher and Advocate for personal finance education for the past 15 years. In this episode, Courtney shares how you can prepare your teenagers for financial success. Start the conversation and don’t be afraid to talk with them about retirement! By starting early, your child can get lightyears ahead and be financially prepared for adulthood. </span></p> <p> </p> <p><span style="font-weight: 400;">Key Takeaways</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">For a lot of people, money is a very taboo thing to talk about. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Courtney talks about the financial education she got when she was growing up.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">She wishes more people told her about what retirement was. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What’s a good way to get the financial conversation started with teenagers?</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Have realistic conversations with your teens on how much things actually cost. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">So many teenagers don’t really know how much a car costs or gasoline costs, or why it’s relevant. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">For many adults, we don’t think about our hourly wage and how that connects to what we want to buy. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">You don’t need to sit your child down and have a ‘money conversation’. You can address their money questions as they come up. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">We only know about the careers we’re exposed to. Talk to your children