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Kids & Money E15

Hosted by: Chad Jones

July, 2022

In this episode, we recap the definition of rich and how daily decisions can significantly impact your financial wellbeing. We also hear from John about how he applied these lessons when purchasing a new car.

In this episode we cover:

  • What does it mean to become an adult regarding finances (5:29)
  • What is the definition of “rich” (7:04)
  • The accumulation of stuff is the wrong definition of rich (12:54)
  • Rich is an emotion – not a status that anyone can achieve (17:13)
  • Society tells us increasing our standard of living will improve our quality of life, and this is incorrect (20:00)
  • The correct definition of rich is having breathing room in your finances (23:32)
  • Be smarter with the stuff you accumulate (26:34)
  • The lemonade stand story (27:27)
  • John’s car buying experience how he applied the lessons from the podcasts (32:36)

Links From the Show:

Allen & Company
Kids & Money Podcast
Middle Class
The Apprentice

Books Mentioned in this Show:

The Millionaire Real Estate Investor, by Gary Keller

Connect with:

Chad Jones – CFP® Financial Advisor at Allen & Company
Allen & Company – Chad Jones
LinkedIn – Chad Jones

 

The opinions voiced in this program are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult an appropriate qualified professional prior to making a decision.

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