105: How to pass on mental wealth to your child - a podcast by Jen Lumanlan

Think about your parents.

Now think about money.

What kinds of ideas, images, and feelings come to mind?

Do you recall any discussions about money - or were these hidden from you?

Was there always enough to go around - or were you ever-conscious of its absence?

What little incidents do you recall that ended up becoming defining 'money scripts' of your life?

Perhaps it won't be a shock to learn that just as we learned how to raise children from our parents, we also learned how to think about money from them.  And as we will raise our children the way we were raised unless we choose a different path, we will also pass on our ideas about money - unless we decide differently.

Today we hear from Dr. Brad Klontz, co-author of the book Mind over Money: Overcoming the Money Disorders That Threaten Our Financial Health (Affiliate link), who helps us to think through the money scripts we want to pass on to our children - and how to adjust course if we decide we need to do this.

Find more information from Dr. Klontz on his YouTube channel.

 

Other episodes in this series

This episode is the first in a series on the intersection of parenting and money.  You can find other episodes in this series:

038: The Opposite of Spoiled

107: The impact of consumerism on children

112: How to Set up a Play Room

115: Reducing the Impact of Advertising to Children

118: Are You Raising Materialistic Kids?

 

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Jen: 01:36

Hello and welcome to the Your Parenting Mojo podcast. Today's episode kicks off what I'm hoping is at least going to be a miniseries on issues related to money and economic privilege, although I'm still in the process of figuring out exactly where we're going with this. So, quite a long time ago now, we talked with New York Times columnist, Ron Lieber about money and we got a high level overview of some of the problems we can face when we're thinking about how to talk with children about money. So, things like from what information to give at what age and what to do when your child nags you to buy something that they want at a store. But a friend recommended that I read the book that our guest today co-wrote with his father. His father is Dr.Ted Klontz and the book is called Mind over Money: Overcoming the Money Disorders That Threaten Our Financial Health. So our guests, Dr. Brad Klontz holds a Doctorate in Psychology. He's a certified financial planner. He co-founded the Financial Psychology Institute and he's an Associate Professor of Practice in Financial Psychology at Creighton University Heider College of Business. So, we're here today to take our conversation on money to the next level by thinking through how our own relationship with money will impact our children's relationship with money. Welcome, Dr. Klontz.

 

Dr....

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