Master Money Without Losing Identity

In this episode of Smart Money Parenting, the hosts discuss how to master money without losing your identity. They are joined by Financial Expert and Writer of "Investing is your Super Power" ; Empowered Planning, Shinobu Hindert, who shares her insights and expertise on the topic. The conversation explores the importance of not tying money to one's identity and focusing on underlying values. They also discuss the hurdles that parents face in managing their own finances and teaching their kids about money. This episode offers valuable advice and guidance for parents seeking to navigate the world of personal finance.

Biggest hurdles for parents in managing finances: lack of time and decision fatigue
Advice for parents who are intimidated by personal finance: start with the basics, be transparent about current financial situation, and set future goals
Importance of automating financial decisions and creating a roadmap for financial planning
Teaching kids about money: explaining the impact of money in everyday life, encouraging open conversations about money, and answering their questions
Success story of a client who gained confidence and paid off debt through empowered planning
Importance of understanding one's money story and money mindset
Having conversations with spouses about money: understanding each other's values and financial priorities, avoiding conflict, and finding common ground
Removing identity from money and focusing on underlying values and goals

Mentioned in this episode

https://www.empoweredplanning.com/

gravystack.com/smart

gravystack.com/igniter

smartmoneyparenting.com

smartmoneyparenting.com/followus

Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson

Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson

Shinobu Hindert on LinkedIn: https://www.linkedin.com/in/shinobu-hindert

Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell