#014. Today’s guest is Sam X Renick. Sam and I talk about what inspired him to start getting the message out to kids about teaching them great money habits, and how he created the character Sammy Rabbit to be a platform for this message. We discuss the importance of habit formation around saving, spending, giving and earning. And we talk about why saving is the #1 money habit kids can learn and why the numerous benefits of developing that habit transcend the actual financial benefit or interest income that the kids would receive. We talk about how parents can use money scripts to develop positive associations around money with their kids. We talk about why we should give our money a purpose. We get into why we, as parents, are most qualified to teach our kids about money, even if we cannot role model everything that we want them to learn and that why it’s important to teach them when they are young to take advantage of that window of opportunity. We also cover why habits are so powerful and why they are predictive in helping our kids succeed.
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