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How Can I Teach My Teenager About Money Without Constant Arguing? · Becoming Financially Confident

• 0:37
  Hey,
• 0:38
  let's
• 0:38
  face
• 0:38
  it,
• 0:39
  your
• 0:39
  teenagers
• 0:39
  want
• 0:40
  more
• 0:40
  independence.
• 0:41
  They
• 0:41
  want
• 0:41
  more
• 0:41
  spending
• 0:42
  money.
• 0:42
  Of
• 0:42
  course
• 0:42
  they
• 0:42
  do.
• 0:43
  Maybe
• 0:43
  even
• 0:44
  a
• 0:44
  new
• 0:44
  car.
• 0:45
  But
• 0:45
  does
• 0:46
  the
• 0:46
  thought
• 0:46
  of
• 0:46
  those
• 0:46
  money
• 0:47
  conversations
• 0:47
  in
• 0:48
  your
• 0:48
  family
• 0:48
  quickly
• 0:48
  turn
• 0:49
  into
• 0:49
  constant
• 0:49
  arguments
• 0:50
  or
• 0:50
  maybe
• 0:51
  deep
• 0:51
  worries
• 0:51
  about
• 0:52
  their
• 0:52
  financial
• 0:52
  future?
• 0:53
  Let
• 0:54
  me
• 0:54
  ask
• 0:54
  you
• 0:54
  today,
• 0:55
  what
• 0:55
  if
• 0:55
  you
• 0:55
  could
• 0:56
  teach
• 0:56
  your
• 0:56
  teen
• 0:56
  strong
• 0:57
  money
• 0:57
  habits
• 0:58
  without
• 0:58
  the
• 0:58
  stress,
• 0:59
  without
• 0:59
  the
• 0:59
  fights
• 1:00
  and
• 1:00
  without
• 1:00
  the
• 1:00
  tension?
• 1:01
  Well,
• 1:01
  stick
• 1:02
  with
• 1:02
  me
• 1:02
  today
• 1:02
  because
• 1:02
  I've
• 1:03
  got
• 1:03
  answers
• 1:03
  on
• 1:04
  exactly
• 1:04
  how
• 1:04
  to
• 1:04
  make
• 1:05
  that
• 1:05
  happen.
• 1:05
  And
• 1:06
  that's
• 1:06
  what
• 1:06
  I'm
• 1:06
  talking
• 1:06
  about
• 1:06
  on
• 1:07
  today's
• 1:07
  show,
• 1:09
  Financially
• 1:10
  Confident
• 1:10
  Christian,
• 1:11
  your
• 1:11
  daily
• 1:11
  dose
• 1:12
  of
• 1:12
  gospel,
• 1:12
  grounded
• 1:13
  insight
• 1:13
  and
• 1:14
  faith
• 1:14
  driven
• 1:14
  tips
• 1:15
  to
• 1:15
  help
• 1:15
  you
• 1:15
  break
• 1:16
  the
• 1:16
  cycle
• 1:16
  of
• 1:16
  financial
• 1:17
  shame
• 1:17
  with
• 1:17
  confidence.
• 1:20
  Hey
• 1:20
  there
• 1:20
  and
• 1:21
  welcome
• 1:21
  back
• 1:21
  to
• 1:21
  today's
• 1:22
  Financially
• 1:22
  Confident
• 1:23
  Christian.
• 1:23
  I'm
• 1:23
  Ralph
• 1:24
  and
• 1:24
  I
• 1:24
  am
• 1:24
  so
• 1:24
  happy
• 1:25
  that
• 1:25
  you've
• 1:25
  chose
• 1:25
  to
• 1:25
  join
• 1:26
  me
• 1:26
  today.
• 1:26
  This
• 1:27
  is
• 1:27
  the
• 1:27
  show
• 1:27
  where
• 1:27
  we
• 1:27
  answer
• 1:28
  that
• 1:28
  big
• 1:28
  question,
• 1:29
  how
• 1:29
  can
• 1:30
  I
• 1:30
  become
• 1:30
  a
• 1:30
  financially
• 1:31
  confident
• 1:31
  Christian?
• 1:32
  And
• 1:32
  we
• 1:32
  continue
• 1:33
  in
• 1:33
  our
• 1:33
  series
• 1:34
  Money
• 1:34
  for
• 1:34
  Back
• 1:34
  to
• 1:35
  School
• 1:35
  and
• 1:35
  Beyond.
• 1:36
  Yesterday
• 1:36
  we
• 1:36
  talked
• 1:37
  about
• 1:37
  planning
• 1:38
  for
• 1:38
  college
• 1:38
  education
• 1:39
  costs.
• 1:39
  We
• 1:39
  talked
• 1:40
  about
• 1:40
  doing
• 1:40
  it
• 1:40
  with
• 1:40
  wisdom.
• 1:41
  So
• 1:41
  if
• 1:41
  you
• 1:42
  missed
• 1:42
  it,
• 1:42
  I'm
• 1:42
  going
• 1:42
  to
• 1:42
  encourage
• 1:43
  you
• 1:43
  to
• 1:43
  check
• 1:43
  it
• 1:43
  out.
• 1:43
  You
• 1:44
  can
• 1:44
  find
• 1:44
  out
• 1:44
  all
• 1:44
  of
• 1:45
  our
• 1:45
  episodes
• 1:46
  financiallyconfidentchristian.com
• 1:49
  well,
• 1:49
  today
• 1:49
  we're
• 1:50
  going
• 1:50
  to
• 1:50
  change
• 1:50
  it
• 1:50
  up
• 1:51
  completely.
• 1:52
  Today
• 1:52
  we're
• 1:52
  going
• 1:52
  to
• 1:52
  talk
• 1:52
  about
• 1:53
  teaching
• 1:53
  those
• 1:53
  teens.
• 1:54
  Yeah,
• 1:54
  as
• 1:54
  soon
• 1:54
  as
• 1:54
  you
• 1:54
  hear
• 1:54
  that,
• 1:54
  you
• 1:55
  start
• 1:55
  thinking,
• 1:55
  Rob
• 1:55
  Teaching
• 1:56
  teens.
• 1:57
  Oh,
• 1:57
  I
• 1:58
  can't
• 1:58
  wait
• 1:58
  to
• 1:58
  hear
• 1:58
  this
• 1:58
  one.
• 1:59
  That's
• 1:59
  what
• 1:59
  we're
• 1:59
  going
• 1:59
  to
• 2:00
  talk
• 2:00
  about
• 2:00
  today,
• 2:00
  teaching
• 2:00
  teens
• 2:01
  about
• 2:01
  money.
• 2:01
  We're
• 2:02
  going
• 2:02
  to
• 2:02
  talk
• 2:02
  about
• 2:02
  allowances.
• 2:03
  We're
• 2:03
  going
• 2:03
  to
• 2:03
  talk
• 2:03
  about
• 2:04
  part
• 2:04
  time
• 2:05
  jobs.
• 2:05
  And
• 2:05
  we're
• 2:05
  going
• 2:06
  to
• 2:06
  talk
• 2:06
  about
• 2:06
  how
• 2:06
  to
• 2:07
  show
• 2:07
  them
• 2:07
  how
• 2:07
  to
• 2:08
  make
• 2:08
  smart
• 2:08
  spending
• 2:09
  decisions.
• 2:11
  Because,
• 2:11
  hey,
• 2:11
  listen,
• 2:12
  I've
• 2:13
  had
• 2:13
  teens.
• 2:13
  My
• 2:13
  kids
• 2:13
  are
• 2:14
  24
• 2:14
  and
• 2:14
  28
• 2:15
  now.
• 2:16
  It's
• 2:16
  a
• 2:16
  typical
• 2:16
  family
• 2:17
  convict.
• 2:17
  When
• 2:17
  I
• 2:17
  talk
• 2:17
  to
• 2:18
  clients,
• 2:18
  when
• 2:18
  they
• 2:18
  come
• 2:18
  in
• 2:18
  and
• 2:19
  meet
• 2:19
  with
• 2:19
  me,
• 2:19
  I
• 2:19
  hear
• 2:20
  the
• 2:20
  same
• 2:20
  things
• 2:21
  over
• 2:21
  and
• 2:21
  over.
• 2:22
  Teens
• 2:23
  want
• 2:23
  freedom
• 2:24
  and
• 2:24
  parents
• 2:25
  worry.
• 2:26
  Those
• 2:26
  are
• 2:26
  the
• 2:26
  two
• 2:27
  absolutes.
• 2:28
  Teens
• 2:28
  want
• 2:29
  freedom
• 2:29
  and
• 2:30
  parents
• 2:30
  worry.
• 2:30
  And
• 2:31
  what
• 2:31
  does
• 2:31
  that
• 2:31
  lead
• 2:31
  to?
• 2:32
  It
• 2:32
  leads
• 2:32
  to
• 2:32
  arguments.
• 2:33
  It
• 2:34
  leads
• 2:34
  to
• 2:34
  arguments
• 2:34
  about
• 2:35
  how
• 2:35
  much
• 2:35
  money
• 2:35
  teens
• 2:36
  get,
• 2:37
  how
• 2:37
  they
• 2:37
  choose
• 2:37
  to
• 2:37
  spend
• 2:38
  it,
• 2:38
  whether
• 2:38
  they
• 2:38
  should
• 2:38
  get
• 2:39
  a
• 2:39
  job.
• 2:39
  Listen,
• 2:40
  let
• 2:40
  me
• 2:40
  tell
• 2:40
  you
• 2:40
  right
• 2:40
  now,
• 2:40
  that
• 2:41
  can
• 2:41
  lead
• 2:41
  to
• 2:41
  tension
• 2:41
  between
• 2:42
  husband
• 2:42
  and
• 2:42
  wives
• 2:43
  too.
• 2:44
  And
• 2:44
  as
• 2:44
  this
• 2:44
  tension
• 2:45
  starts
• 2:45
  to
• 2:45
  build,
• 2:46
  it
• 2:46
  makes
• 2:47
  teaching
• 2:47
  even
• 2:47
  harder
• 2:48
  because
• 2:48
  nobody
• 2:49
  wants
• 2:49
  to
• 2:49
  talk
• 2:49
  when
• 2:49
  everybody's
• 2:50
  fighting,
• 2:50
  when
• 2:50
  everybody's
• 2:51
  at
• 2:51
  each
• 2:51
  other's
• 2:52
  throats.
• 2:53
  And
• 2:54
  if
• 2:54
  we're
• 2:54
  being
• 2:54
  honest
• 2:54
  as
• 2:55
  parents,
• 2:55
  and
• 2:55
  I'm
• 2:55
  assuming
• 2:56
  right
• 2:56
  now,
• 2:56
  listen,
• 2:56
  and
• 2:57
  maybe
• 2:57
  you're
• 2:57
  a
• 2:57
  parent,
• 2:58
  but
• 2:59
  parents
• 2:59
  fear
• 2:59
  Kids
• 3:00
  will
• 3:00
  make
• 3:00
  costly
• 3:01
  financial
• 3:01
  mistakes.
• 3:02
  You
• 3:02
  know
• 3:02
  why?
• 3:03
  Because
• 3:03
  I
• 3:03
  can
• 3:03
  speak
• 3:04
  for
• 3:04
  experience
• 3:05
  myself.
• 3:05
  I've
• 3:06
  made
• 3:06
  those
• 3:06
  mistakes.
• 3:08
  So
• 3:08
  as
• 3:08
  parents,
• 3:09
  we
• 3:09
  feel
• 3:09
  it.
• 3:09
  We
• 3:09
  don't
• 3:09
  want
• 3:10
  our
• 3:10
  kids
• 3:10
  to
• 3:10
  make
• 3:10
  those
• 3:10
  same
• 3:11
  mistakes.
• 3:11
  We
• 3:11
  don't
• 3:12
  want
• 3:12
  our
• 3:12
  kids
• 3:12
  to
• 3:12
  struggle
• 3:13
  like
• 3:13
  we
• 3:13
  struggled
• 3:14
  when
• 3:14
  we
• 3:14
  were
• 3:14
  their
• 3:14
  age.
• 3:16
  And
• 3:16
  of
• 3:16
  course,
• 3:16
  teens,
• 3:17
  that's
• 3:17
  a
• 3:17
  whole
• 3:17
  other
• 3:18
  story,
• 3:18
  because
• 3:18
  teens
• 3:19
  often
• 3:19
  feel
• 3:19
  misunderstood,
• 3:20
  or
• 3:21
  if
• 3:21
  we're
• 3:21
  lucky,
• 3:22
  they
• 3:22
  feel
• 3:22
  micromanaged.
• 3:24
  But
• 3:25
  here's
• 3:25
  the
• 3:25
  thing
• 3:25
  I
• 3:25
  want
• 3:25
  you
• 3:26
  to
• 3:26
  understand.
• 3:26
  Today,
• 3:27
  the
• 3:27
  teen
• 3:28
  years
• 3:28
  are
• 3:28
  the
• 3:28
  prime
• 3:29
  time
• 3:29
  to
• 3:30
  really
• 3:30
  start
• 3:30
  teaching
• 3:31
  about
• 3:32
  biblical
• 3:32
  stewardship.
• 3:33
  It's
• 3:34
  a
• 3:34
  great
• 3:34
  time
• 3:34
  to
• 3:34
  teaching
• 3:35
  them
• 3:35
  about
• 3:35
  the
• 3:36
  money
• 3:36
  part
• 3:37
  of
• 3:37
  being
• 3:38
  faithful
• 3:38
  in
• 3:39
  their
• 3:39
  stewardship
• 3:39
  of
• 3:40
  their
• 3:40
  finances.
• 3:41
  And
• 3:41
  listen,
• 3:42
  as
• 3:42
  a
• 3:42
  parent,
• 3:43
  teaching
• 3:44
  money
• 3:44
  is
• 3:45
  part
• 3:45
  of
• 3:45
  faithful
• 3:45
  parenting.
• 3:46
  Well,
• 3:46
  let's
• 3:46
  get
• 3:46
  right
• 3:47
  into
• 3:47
  the
• 3:47
  word
• 3:48
  of
• 3:48
  God.
• 3:48
  Let
• 3:48
  me
• 3:48
  tie
• 3:49
  this
• 3:49
  together
• 3:49
  for
• 3:49
  you.
• 3:50
  In
• 3:50
  the
• 3:50
  book
• 3:50
  of
• 3:50
  Proverbs,
• 3:51
  chapter
• 3:52
  22,
• 3:52
  verse
• 3:53
  6.
• 3:53
  Hey,
• 3:54
  this
• 3:54
  is
• 3:54
  about
• 3:55
  as
• 3:55
  direct
• 3:55
  as
• 3:55
  you
• 3:56
  can
• 3:56
  get.
• 3:56
  It
• 3:56
  says
• 3:56
  this
• 3:56
  again,
• 3:57
  Proverbs
• 3:57
  22,
• 3:58
  6.
• 3:59
  Train
• 3:59
  a
• 3:59
  child
• 3:59
  in
• 4:00
  the
• 4:00
  way
• 4:00
  that
• 4:00
  he
• 4:00
  should
• 4:00
  go,
• 4:01
  and
• 4:01
  when
• 4:02
  he
• 4:02
  is
• 4:02
  old,
• 4:02
  he
• 4:02
  will
• 4:03
  not
• 4:03
  turn
• 4:03
  from
• 4:03
  it.
• 4:04
  Well,
• 4:04
  think
• 4:04
  about
• 4:04
  that.
• 4:05
  I
• 4:05
  don't
• 4:05
  know
• 4:05
  how
• 4:06
  to
• 4:06
  say
• 4:06
  it
• 4:06
  better
• 4:06
  than
• 4:06
  the
• 4:07
  scripture.
• 4:07
  This
• 4:08
  applies
• 4:08
  directly
• 4:09
  to
• 4:09
  money
• 4:09
  education
• 4:10
  as
• 4:10
  well.
• 4:11
  If
• 4:11
  you
• 4:11
  don't
• 4:11
  train
• 4:12
  your
• 4:12
  teens
• 4:13
  to
• 4:13
  manage
• 4:13
  their
• 4:14
  money
• 4:14
  well,
• 4:14
  guess
• 4:14
  what's
• 4:15
  going
• 4:15
  to
• 4:15
  happen?
• 4:15
  They're
• 4:16
  going
• 4:16
  to
• 4:16
  be
• 4:16
  young
• 4:16
  adults
• 4:17
  that
• 4:17
  don't
• 4:17
  know
• 4:17
  how
• 4:18
  to
• 4:18
  manage
• 4:18
  their
• 4:18
  money
• 4:18
  well.
• 4:19
  Then
• 4:19
  they're
• 4:19
  going
• 4:20
  to
• 4:20
  be
• 4:20
  older
• 4:20
  adults
• 4:21
  with
• 4:21
  families
• 4:21
  who
• 4:22
  don't
• 4:22
  know
• 4:22
  how
• 4:22
  to
• 4:22
  manage
• 4:23
  their
• 4:23
  money.
• 4:23
  Well,
• 4:24
  let's
• 4:24
  look
• 4:24
  at
• 4:24
  another
• 4:25
  Bible
• 4:25
  verse,
• 4:25
  and
• 4:25
  this
• 4:25
  one
• 4:26
  is
• 4:26
  from
• 4:26
  the
• 4:26
  book
• 4:26
  of
• 4:26
  Proverbs
• 4:27
  again,
• 4:27
  chapter
• 4:28
  one,
• 4:28
  verse
• 4:28
  five.
• 4:29
  And
• 4:29
  I
• 4:29
  mentioned
• 4:29
  this
• 4:30
  one
• 4:30
  a
• 4:30
  couple
• 4:30
  days
• 4:30
  ago
• 4:30
  on
• 4:31
  the
• 4:31
  show.
• 4:31
  It
• 4:31
  says
• 4:31
  this
• 4:31
  again,
• 4:32
  Proverbs
• 4:32
  1:5.
• 4:33
  Let
• 4:34
  the
• 4:34
  wise
• 4:34
  listen
• 4:35
  and
• 4:35
  add
• 4:35
  to
• 4:35
  their
• 4:36
  learning
• 4:37
  and
• 4:37
  let
• 4:37
  the
• 4:37
  discerning
• 4:38
  get
• 4:38
  guidance.
• 4:39
  See,
• 4:40
  as
• 4:40
  a
• 4:40
  parent,
• 4:41
  we
• 4:41
  are
• 4:41
  charged
• 4:42
  with
• 4:42
  this.
• 4:42
  We
• 4:42
  are
• 4:43
  charged
• 4:43
  with
• 4:43
  the,
• 4:43
  the
• 4:44
  absolute
• 4:44
  requirement
• 4:45
  to
• 4:45
  provide
• 4:45
  wisdom
• 4:46
  to
• 4:46
  our
• 4:46
  children
• 4:47
  as
• 4:47
  they
• 4:48
  learn
• 4:48
  and
• 4:48
  as
• 4:48
  they
• 4:49
  grow.
• 4:49
  And
• 4:49
  here's
• 4:49
  one
• 4:49
  more
• 4:50
  Bible
• 4:50
  verse.
• 4:51
  This
• 4:51
  one
• 4:51
  comes
• 4:51
  to
• 4:51
  us
• 4:51
  from
• 4:52
  the
• 4:52
  book
• 4:52
  of
• 4:52
  Luke,
• 4:53
  chapter
• 4:53
  16,
• 4:54
  verse
• 4:55
  10.
• 4:56
  This
• 4:56
  doesn't
• 4:56
  really
• 4:56
  have
• 4:56
  it
• 4:57
  to
• 4:57
  do
• 4:57
  so
• 4:57
  much
• 4:57
  with
• 4:58
  the
• 4:58
  education
• 4:58
  side,
• 4:59
  but
• 4:59
  it
• 5:00
  really
• 5:00
  talks
• 5:00
  about
• 5:00
  how
• 5:01
  to
• 5:01
  manage
• 5:01
  things.
• 5:01
  Again,
• 5:02
  Luke
• 5:02
  16:10.
• 5:03
  It
• 5:03
  says,
• 5:03
  Whoever
• 5:04
  can
• 5:04
  be
• 5:04
  trusted
• 5:04
  with
• 5:04
  very
• 5:05
  little
• 5:05
  can
• 5:06
  also
• 5:06
  be
• 5:06
  trusted
• 5:06
  with
• 5:07
  much.
• 5:07
  And
• 5:08
  see,
• 5:08
  trust
• 5:08
  grows
• 5:09
  from
• 5:09
  managing
• 5:09
  small
• 5:10
  amounts
• 5:10
  well.
• 5:11
  And
• 5:11
  that's
• 5:11
  the
• 5:12
  lesson
• 5:12
  that
• 5:13
  we
• 5:13
  need
• 5:13
  to
• 5:13
  impart
• 5:14
  on
• 5:14
  our
• 5:14
  teenagers.
• 5:15
  So
• 5:16
  my
• 5:16
  main
• 5:16
  strategy
• 5:17
  today,
• 5:17
  if
• 5:17
  you
• 5:17
  didn't
• 5:17
  listen
• 5:18
  to
• 5:18
  anything
• 5:18
  else
• 5:18
  I
• 5:19
  say
• 5:19
  this
• 5:19
  is
• 5:20
  the
• 5:20
  main
• 5:20
  strategy.
• 5:21
  Set
• 5:21
  up
• 5:22
  a
• 5:22
  clear
• 5:22
  age
• 5:23
  Appropriate
• 5:23
  money
• 5:24
  system
• 5:24
  for
• 5:24
  your
• 5:24
  teen
• 5:25
  that
• 5:26
  includes
• 5:26
  things
• 5:26
  like
• 5:27
  this.
• 5:27
  Teach
• 5:27
  them
• 5:28
  about
• 5:28
  earning
• 5:28
  money,
• 5:29
  what
• 5:29
  it's
• 5:29
  like
• 5:29
  to
• 5:29
  have
• 5:29
  a
• 5:29
  job,
• 5:30
  what
• 5:30
  it's
• 5:31
  like
• 5:31
  to
• 5:31
  do.
• 5:31
  You
• 5:31
  know,
• 5:32
  we'll
• 5:32
  call
• 5:32
  those
• 5:33
  side
• 5:33
  hustles.
• 5:33
  As
• 5:33
  a
• 5:33
  teenager,
• 5:34
  hey,
• 5:34
  listen,
• 5:34
  as
• 5:35
  a
• 5:35
  kid
• 5:35
  I
• 5:35
  had
• 5:35
  a
• 5:35
  paper
• 5:36
  route.
• 5:36
  I
• 5:36
  used
• 5:36
  to
• 5:37
  cut
• 5:37
  grass
• 5:37
  for
• 5:37
  people
• 5:38
  around
• 5:38
  the
• 5:38
  neighborhood.
• 5:39
  I
• 5:39
  knew
• 5:40
  what
• 5:40
  it
• 5:40
  meant
• 5:40
  to
• 5:40
  earn
• 5:40
  money.
• 5:41
  That's
• 5:42
  part
• 5:42
  of
• 5:42
  it.
• 5:42
  But
• 5:42
  the
• 5:43
  other
• 5:43
  side
• 5:43
  of
• 5:43
  it
• 5:44
  is
• 5:44
  teach
• 5:44
  them
• 5:44
  how
• 5:45
  to
• 5:45
  budget
• 5:45
  wisely.
• 5:46
  A
• 5:46
  lot
• 5:46
  of
• 5:46
  parents
• 5:47
  overlook
• 5:47
  that.
• 5:47
  We
• 5:47
  just
• 5:48
  say,
• 5:48
  well,
• 5:48
  you
• 5:48
  know,
• 5:48
  the
• 5:48
  kids
• 5:49
  got
• 5:49
  money.
• 5:49
  If
• 5:49
  that's
• 5:49
  what
• 5:49
  they
• 5:49
  want
• 5:50
  to
• 5:50
  waste
• 5:50
  their
• 5:50
  money
• 5:51
  on,
• 5:51
  you
• 5:51
  know,
• 5:51
  we'll
• 5:52
  bail
• 5:52
  them
• 5:52
  out.
• 5:52
  But
• 5:52
  that's
• 5:53
  not
• 5:53
  the
• 5:53
  right
• 5:53
  answer.
• 5:54
  We
• 5:54
  really
• 5:55
  need
• 5:55
  to
• 5:55
  work
• 5:55
  on
• 5:55
  teaching
• 5:56
  our
• 5:56
  children
• 5:56
  to
• 5:57
  budget
• 5:57
  wisely.
• 5:58
  Hey,
• 5:58
  that
• 5:58
  can
• 5:58
  start
• 5:58
  off
• 5:59
  when
• 5:59
  they're
• 5:59
  very
• 6:00
  young,
• 6:00
  help
• 6:00
  them
• 6:01
  to
• 6:01
  make
• 6:01
  better
• 6:01
  spending
• 6:02
  decisions
• 6:03
  and
• 6:03
  maybe
• 6:03
  build
• 6:03
  in
• 6:04
  some
• 6:04
  accountability
• 6:05
  to
• 6:05
  that.
• 6:05
  Because
• 6:05
  here's
• 6:06
  the
• 6:06
  big
• 6:06
  takeaway.
• 6:07
  You
• 6:07
  want
• 6:07
  to
• 6:07
  create
• 6:08
  ownership
• 6:08
  of
• 6:08
  their
• 6:09
  finances
• 6:09
  that
• 6:10
  they
• 6:10
  understand
• 6:10
  where
• 6:11
  there's
• 6:11
  money
• 6:11
  is
• 6:11
  going.
• 6:12
  Some
• 6:12
  of
• 6:12
  the
• 6:12
  most
• 6:13
  well
• 6:13
  adjusted
• 6:14
  teenagers
• 6:15
  that
• 6:15
  I
• 6:15
  know
• 6:15
  financially
• 6:16
  had
• 6:17
  those
• 6:17
  tough
• 6:17
  decisions
• 6:18
  to
• 6:18
  make.
• 6:18
  They
• 6:18
  had
• 6:19
  parents
• 6:19
  that
• 6:19
  gave
• 6:20
  them
• 6:20
  the
• 6:20
  ability
• 6:21
  to
• 6:21
  earn
• 6:21
  money,
• 6:21
  to
• 6:22
  budget
• 6:22
  wisely
• 6:22
  and
• 6:23
  then
• 6:23
  hold
• 6:23
  them
• 6:23
  accountable
• 6:24
  because
• 6:24
  you
• 6:24
  want
• 6:24
  to
• 6:25
  build
• 6:25
  that
• 6:25
  responsibility.
• 6:26
  And
• 6:27
  hey,
• 6:27
  when
• 6:27
  they're
• 6:27
  doing
• 6:28
  this,
• 6:28
  it's
• 6:28
  going
• 6:29
  to
• 6:29
  end
• 6:29
  up
• 6:29
  with
• 6:29
  less
• 6:29
  friction.
• 6:30
  So
• 6:30
  here's
• 6:31
  your
• 6:31
  one
• 6:31
  action
• 6:31
  step
• 6:32
  for
• 6:32
  today.
• 6:32
  And
• 6:32
  the
• 6:33
  big
• 6:33
  takeaway
• 6:33
  from
• 6:33
  this
• 6:34
  is
• 6:34
  start
• 6:34
  instilling
• 6:35
  wise
• 6:35
  financial
• 6:36
  habits
• 6:36
  in
• 6:36
  your
• 6:37
  teens.
• 6:37
  With
• 6:37
  these
• 6:38
  steps,
• 6:38
  I'm
• 6:38
  going
• 6:38
  to
• 6:38
  give
• 6:38
  you
• 6:38
  a
• 6:38
  couple
• 6:39
  steps.
• 6:39
  First
• 6:39
  thing
• 6:39
  I
• 6:40
  want
• 6:40
  you
• 6:40
  to
• 6:40
  do
• 6:40
  is
• 6:41
  define
• 6:41
  how
• 6:42
  they're
• 6:42
  going
• 6:42
  to
• 6:42
  receive
• 6:42
  money.
• 6:43
  Now,
• 6:44
  if
• 6:44
  you
• 6:44
  listen
• 6:44
  to
• 6:44
  my
• 6:44
  show
• 6:44
  the
• 6:45
  other
• 6:45
  day,
• 6:45
  I
• 6:46
  talked
• 6:46
  about
• 6:46
  how
• 6:46
  I
• 6:46
  don't
• 6:47
  think
• 6:47
  an
• 6:47
  allowance
• 6:48
  is
• 6:48
  the
• 6:48
  right
• 6:48
  plan.
• 6:48
  I'm
• 6:49
  going
• 6:49
  to
• 6:49
  encourage
• 6:49
  you
• 6:49
  to
• 6:49
  go
• 6:49
  check
• 6:49
  that
• 6:50
  out.
• 6:50
  The
• 6:50
  things
• 6:50
  I
• 6:51
  like
• 6:51
  to
• 6:51
  say
• 6:51
  better
• 6:52
  is
• 6:52
  give
• 6:52
  them
• 6:53
  a
• 6:53
  commission.
• 6:53
  See,
• 6:54
  I
• 6:54
  don't
• 6:54
  want
• 6:54
  to
• 6:54
  build
• 6:54
  them
• 6:55
  into
• 6:55
  just
• 6:55
  takers
• 6:56
  from
• 6:56
  the
• 6:56
  system.
• 6:57
  I,
• 6:57
  I
• 6:57
  think
• 6:57
  with
• 6:58
  an
• 6:58
  allowance,
• 6:58
  we're
• 6:58
  just
• 6:58
  saying
• 6:59
  to
• 6:59
  our
• 6:59
  kids,
• 6:59
  hey,
• 7:00
  this
• 7:00
  is
• 7:00
  what
• 7:00
  you're
• 7:00
  going
• 7:00
  to
• 7:00
  get
• 7:00
  just
• 7:01
  for
• 7:01
  the
• 7:01
  sake
• 7:01
  of
• 7:01
  being
• 7:02
  alive
• 7:02
  and
• 7:02
  having
• 7:02
  breath
• 7:03
  in
• 7:03
  your
• 7:03
  lungs.
• 7:03
  I
• 7:04
  think
• 7:04
  that's
• 7:04
  a
• 7:04
  mistake.
• 7:05
  But
• 7:05
  you
• 7:06
  can
• 7:06
  teach
• 7:06
  them
• 7:07
  what
• 7:07
  it's
• 7:07
  like
• 7:07
  to
• 7:07
  work
• 7:08
  and
• 7:08
  earn
• 7:08
  something.
• 7:09
  So
• 7:09
  that's
• 7:09
  what
• 7:09
  I'm
• 7:09
  saying.
• 7:09
  Do
• 7:10
  commissions
• 7:11
  for
• 7:11
  their
• 7:11
  chores.
• 7:12
  They
• 7:12
  take
• 7:12
  out
• 7:12
  the
• 7:13
  garbage.
• 7:13
  Maybe,
• 7:13
  hey,
• 7:13
  that's
• 7:14
  two
• 7:14
  bucks
• 7:14
  a
• 7:14
  week
• 7:14
  if
• 7:15
  you
• 7:15
  take
• 7:15
  out
• 7:15
  the
• 7:15
  garbage.
• 7:16
  And
• 7:16
  you
• 7:16
  can
• 7:16
  be
• 7:16
  creative
• 7:17
  in
• 7:17
  this.
• 7:17
  And
• 7:17
  of
• 7:18
  course
• 7:18
  it
• 7:18
  depends
• 7:18
  on
• 7:18
  the
• 7:18
  kid's
• 7:19
  age.
• 7:20
  I
• 7:20
  also
• 7:21
  firmly
• 7:21
  believe
• 7:22
  that
• 7:22
  it's
• 7:22
  a
• 7:22
  good
• 7:22
  thing
• 7:23
  to
• 7:23
  encourage
• 7:23
  your
• 7:23
  kids
• 7:24
  to
• 7:24
  go
• 7:24
  get
• 7:24
  that
• 7:25
  summer
• 7:25
  job
• 7:25
  or
• 7:26
  that
• 7:26
  evening
• 7:26
  job
• 7:26
  just
• 7:27
  to
• 7:27
  make
• 7:27
  sure
• 7:27
  it
• 7:27
  doesn't
• 7:27
  take
• 7:27
  away
• 7:28
  from
• 7:28
  their
• 7:28
  education.
• 7:29
  But
• 7:29
  define
• 7:30
  how
• 7:30
  they're
• 7:30
  going
• 7:30
  to
• 7:30
  receive
• 7:31
  that
• 7:31
  money
• 7:31
  and
• 7:32
  set
• 7:32
  those
• 7:32
  expectations
• 7:33
  early.
• 7:34
  Hey,
• 7:34
  set
• 7:34
  them
• 7:35
  early
• 7:35
  so
• 7:35
  your
• 7:35
  kids
• 7:35
  aren't
• 7:36
  like,
• 7:36
  wait
• 7:36
  a
• 7:36
  minute,
• 7:36
  I
• 7:37
  just
• 7:37
  thought
• 7:37
  you
• 7:37
  were
• 7:37
  always
• 7:37
  going
• 7:37
  to
• 7:38
  cover
• 7:38
  this.
• 7:39
  That
• 7:39
  will
• 7:39
  cause
• 7:40
  arguments
• 7:40
  and
• 7:40
  that
• 7:40
  will
• 7:41
  cause
• 7:41
  tension.
• 7:42
  But
• 7:42
  if
• 7:42
  you
• 7:42
  lay
• 7:42
  it
• 7:42
  out
• 7:43
  ahead
• 7:43
  of
• 7:43
  time
• 7:43
  and
• 7:43
  define
• 7:44
  how
• 7:44
  they're
• 7:44
  going
• 7:44
  to
• 7:44
  receive
• 7:44
  the
• 7:45
  money,
• 7:45
  it's
• 7:45
  going
• 7:46
  to
• 7:46
  help
• 7:46
  break
• 7:47
  down
• 7:47
  that
• 7:47
  tension.
• 7:48
  So
• 7:48
  that's
• 7:48
  the
• 7:48
  first
• 7:49
  step.
• 7:49
  Define
• 7:50
  how
• 7:50
  they'll
• 7:50
  receive
• 7:50
  their
• 7:50
  money.
• 7:51
  The
• 7:51
  second
• 7:51
  step,
• 7:52
  parents
• 7:52
  don't
• 7:53
  think
• 7:53
  about
• 7:53
  this
• 7:53
  one.
• 7:54
  Practice
• 7:55
  budgeting
• 7:55
  together.
• 7:56
  I
• 7:56
  mentioned
• 7:57
  on
• 7:57
  the
• 7:57
  show
• 7:57
  several
• 7:58
  times,
• 7:58
  maybe
• 7:58
  you
• 7:58
  start
• 7:59
  thinking
• 7:59
  about
• 7:59
  those
• 7:59
  simple
• 8:00
  categories.
• 8:01
  We
• 8:01
  talked
• 8:01
  about
• 8:01
  the
• 8:01
  toddler
• 8:02
  sitting
• 8:02
  in
• 8:02
  front
• 8:02
  of
• 8:03
  three
• 8:03
  jars,
• 8:04
  basically
• 8:04
  a
• 8:04
  spend
• 8:05
  jar,
• 8:05
  a
• 8:05
  save
• 8:06
  jar
• 8:06
  and
• 8:07
  a
• 8:07
  give
• 8:07
  jar.
• 8:07
  You
• 8:07
  can
• 8:07
  do
• 8:07
  this
• 8:08
  with
• 8:08
  jars,
• 8:08
  you
• 8:09
  can
• 8:09
  do
• 8:09
  this
• 8:09
  with
• 8:09
  envelopes.
• 8:10
  Hey,
• 8:10
  you're
• 8:10
  teenage,
• 8:11
  probably
• 8:11
  have
• 8:11
  more
• 8:11
  technological
• 8:12
  background
• 8:13
  than
• 8:13
  you
• 8:13
  do.
• 8:13
  Maybe
• 8:14
  there's
• 8:14
  some
• 8:14
  great
• 8:14
  apps
• 8:15
  out
• 8:15
  there
• 8:15
  they
• 8:15
  can
• 8:15
  use.
• 8:16
  But
• 8:16
  start
• 8:17
  to
• 8:17
  budget
• 8:17
  with
• 8:17
  them,
• 8:18
  review
• 8:18
  their
• 8:18
  spending
• 8:19
  with
• 8:19
  them.
• 8:19
  Focus
• 8:20
  on
• 8:20
  learning.
• 8:20
  It's
• 8:20
  not
• 8:21
  about
• 8:21
  judging.
• 8:21
  Just
• 8:21
  talk
• 8:22
  to
• 8:22
  them
• 8:22
  about,
• 8:22
  hey,
• 8:23
  let's
• 8:23
  talk
• 8:23
  about
• 8:23
  your
• 8:23
  spending,
• 8:24
  let's
• 8:24
  talk
• 8:24
  about
• 8:25
  your
• 8:25
  savings,
• 8:25
  let's
• 8:26
  talk
• 8:26
  about
• 8:26
  your
• 8:26
  giving.
• 8:26
  Maybe
• 8:27
  you
• 8:27
  give
• 8:27
  them
• 8:27
  an
• 8:27
  envelope
• 8:28
  system.
• 8:28
  Hey,
• 8:28
  it
• 8:28
  works
• 8:28
  for
• 8:29
  a
• 8:29
  lot
• 8:29
  of
• 8:29
  people
• 8:29
  that
• 8:29
  I
• 8:29
  know.
• 8:30
  They
• 8:30
  give
• 8:30
  their
• 8:30
  kids
• 8:31
  that
• 8:31
  envelope
• 8:32
  system
• 8:32
  or
• 8:32
  they
• 8:32
  give
• 8:32
  their
• 8:32
  kids
• 8:33
  jars
• 8:33
  to
• 8:34
  start
• 8:34
  training
• 8:34
  them.
• 8:34
  One
• 8:35
  of
• 8:35
  the
• 8:35
  things
• 8:35
  that
• 8:35
  I
• 8:36
  think
• 8:36
  is
• 8:36
  very
• 8:36
  beneficial
• 8:37
  is
• 8:37
  they
• 8:37
  start
• 8:37
  to
• 8:38
  understand
• 8:39
  that
• 8:39
  scarcity
• 8:39
  of
• 8:40
  resources
• 8:40
  and
• 8:40
  they
• 8:41
  start
• 8:41
  thinking
• 8:41
  about,
• 8:41
  well,
• 8:42
  if
• 8:42
  I
• 8:42
  spend
• 8:42
  this,
• 8:43
  that
• 8:43
  means
• 8:43
  I
• 8:43
  can't
• 8:43
  save
• 8:44
  this
• 8:44
  and
• 8:45
  if
• 8:45
  I
• 8:45
  can't
• 8:45
  save
• 8:45
  this,
• 8:45
  I
• 8:46
  can't
• 8:46
  give
• 8:46
  this.
• 8:47
  And
• 8:47
  then
• 8:47
  review
• 8:47
  that
• 8:48
  spending
• 8:48
  with
• 8:48
  them.
• 8:49
  Focus
• 8:49
  on,
• 8:49
  hey,
• 8:49
  what
• 8:50
  could
• 8:50
  you
• 8:50
  learn
• 8:50
  from
• 8:50
  this?
• 8:50
  It's
• 8:50
  not
• 8:51
  the
• 8:51
  time
• 8:51
  to
• 8:51
  say,
• 8:51
  I
• 8:51
  can't
• 8:52
  believe
• 8:52
  you
• 8:52
  bought
• 8:52
  that
• 8:52
  or
• 8:53
  I
• 8:53
  can't
• 8:53
  believe
• 8:54
  you
• 8:54
  did
• 8:54
  this,
• 8:54
  that's
• 8:55
  a
• 8:55
  bad
• 8:55
  plan.
• 8:56
  But
• 8:56
  focus
• 8:56
  on
• 8:57
  reviewing
• 8:57
  to
• 8:58
  learn.
• 8:58
  So
• 8:58
  that's
• 8:58
  step
• 8:58
  two,
• 8:59
  practice
• 9:00
  budgeting
• 9:00
  together.
• 9:01
  And
• 9:01
  here's
• 9:02
  step
• 9:02
  three,
• 9:02
  encourage
• 9:03
  the
• 9:03
  first
• 9:03
  job.
• 9:03
  Now,
• 9:04
  again,
• 9:04
  it
• 9:04
  depends
• 9:05
  on
• 9:05
  your
• 9:05
  kid.
• 9:06
  If
• 9:06
  your
• 9:06
  kid's
• 9:06
  really
• 9:07
  struggling
• 9:07
  in
• 9:07
  school,
• 9:07
  I'm
• 9:08
  going
• 9:08
  to
• 9:08
  tell
• 9:08
  you
• 9:08
  that's
• 9:08
  not
• 9:09
  the
• 9:09
  place
• 9:09
  to
• 9:09
  go.
• 9:09
  But
• 9:10
  summer
• 9:10
  or
• 9:10
  part
• 9:11
  time
• 9:11
  jobs
• 9:11
  when
• 9:12
  they're
• 9:12
  age
• 9:12
  appropriate
• 9:13
  are
• 9:13
  great
• 9:13
  things.
• 9:14
  And
• 9:14
  this
• 9:14
  is
• 9:14
  a
• 9:14
  great
• 9:15
  way
• 9:15
  to
• 9:15
  teach
• 9:15
  them
• 9:16
  things
• 9:16
  like
• 9:16
  getting
• 9:17
  paid,
• 9:17
  what
• 9:17
  that
• 9:17
  looks
• 9:18
  like,
• 9:18
  what
• 9:18
  is,
• 9:18
  what
• 9:18
  does
• 9:18
  it
• 9:18
  feel
• 9:19
  like
• 9:19
  to
• 9:19
  get
• 9:19
  a
• 9:19
  paycheck?
• 9:20
  What
• 9:20
  do
• 9:20
  taxes
• 9:21
  look
• 9:21
  like?
• 9:21
  One
• 9:21
  of
• 9:21
  the
• 9:21
  things,
• 9:22
  when
• 9:22
  my
• 9:22
  kids
• 9:22
  were
• 9:22
  younger,
• 9:23
  I
• 9:23
  Remember
• 9:23
  my
• 9:24
  youngest
• 9:24
  got
• 9:24
  his
• 9:24
  first
• 9:24
  job
• 9:25
  and
• 9:25
  he
• 9:25
  was
• 9:25
  all
• 9:25
  excited
• 9:26
  to
• 9:26
  say,
• 9:26
  dad,
• 9:26
  I'm
• 9:26
  going
• 9:26
  to
• 9:26
  get
• 9:27
  my
• 9:27
  first
• 9:27
  paycheck
• 9:28
  Friday.
• 9:28
  Well,
• 9:28
  I
• 9:28
  picked
• 9:29
  him
• 9:29
  up
• 9:29
  at
• 9:29
  work.
• 9:29
  He
• 9:30
  was
• 9:30
  working
• 9:30
  at
• 9:30
  a
• 9:31
  burger
• 9:31
  joint.
• 9:31
  He
• 9:32
  came
• 9:32
  out,
• 9:32
  he
• 9:32
  was
• 9:32
  so
• 9:32
  disappointed.
• 9:33
  I
• 9:33
  said,
• 9:33
  son,
• 9:34
  what's
• 9:34
  going
• 9:34
  on?
• 9:35
  He
• 9:35
  says,
• 9:35
  man,
• 9:35
  I
• 9:36
  got
• 9:36
  ripped
• 9:36
  off.
• 9:37
  I
• 9:37
  said,
• 9:37
  what
• 9:38
  do
• 9:38
  you
• 9:38
  mean
• 9:38
  you
• 9:38
  got
• 9:38
  ripped
• 9:38
  off?
• 9:38
  He
• 9:38
  said,
• 9:39
  I
• 9:39
  got
• 9:39
  my
• 9:39
  paycheck
• 9:39
  and
• 9:40
  I
• 9:40
  multiply
• 9:41
  my
• 9:41
  hours
• 9:41
  times
• 9:42
  my
• 9:42
  rate,
• 9:42
  dad,
• 9:42
  and
• 9:43
  I
• 9:43
  didn't
• 9:43
  get
• 9:43
  my
• 9:43
  full
• 9:44
  paycheck.
• 9:44
  I
• 9:44
  say,
• 9:45
  hey,
• 9:45
  welcome
• 9:45
  to
• 9:45
  the
• 9:46
  world
• 9:46
  of
• 9:46
  paying
• 9:46
  taxes.
• 9:48
  And
• 9:48
  that's
• 9:48
  one
• 9:49
  of
• 9:49
  the
• 9:49
  things
• 9:49
  that
• 9:49
  our
• 9:49
  children
• 9:50
  and
• 9:50
  our
• 9:50
  teen
• 9:51
  children
• 9:51
  especially
• 9:51
  need
• 9:52
  to
• 9:52
  understand.
• 9:52
  They
• 9:53
  don't
• 9:53
  get
• 9:53
  all
• 9:53
  their
• 9:53
  take
• 9:53
  home
• 9:54
  pay,
• 9:54
  but
• 9:55
  you
• 9:55
  can
• 9:55
  also
• 9:55
  talk
• 9:55
  them
• 9:56
  through
• 9:56
  savings.
• 9:56
  You
• 9:57
  can
• 9:57
  talk
• 9:57
  to
• 9:57
  them,
• 9:58
  hey,
• 9:58
  here's
• 9:58
  a
• 9:58
  great
• 9:58
  thing.
• 9:58
  It's
• 9:59
  one
• 9:59
  of
• 9:59
  the
• 9:59
  reasons
• 9:59
  I
• 10:00
  really
• 10:00
  think
• 10:00
  having
• 10:00
  a
• 10:01
  summer
• 10:01
  or
• 10:01
  a
• 10:01
  part
• 10:01
  time
• 10:02
  job
• 10:02
  is
• 10:02
  good
• 10:03
  because
• 10:03
  you
• 10:03
  can
• 10:03
  start
• 10:03
  to
• 10:03
  train
• 10:04
  them
• 10:04
  and
• 10:04
  give
• 10:04
  them
• 10:05
  education
• 10:05
  about
• 10:06
  balancing
• 10:06
  school
• 10:06
  and
• 10:07
  balancing
• 10:07
  work.
• 10:08
  So
• 10:08
  that's
• 10:08
  step
• 10:09
  number
• 10:09
  three
• 10:09
  and
• 10:10
  that's
• 10:10
  encourage
• 10:10
  that
• 10:10
  first
• 10:11
  job
• 10:11
  again
• 10:11
  if
• 10:11
  it's
• 10:12
  appropriate
• 10:12
  or
• 10:13
  if
• 10:13
  it's
• 10:13
  appropriate
• 10:13
  for
• 10:13
  them.
• 10:14
  Step
• 10:14
  four
• 10:15
  is
• 10:15
  I'm
• 10:15
  going
• 10:15
  to
• 10:15
  encourage
• 10:16
  you
• 10:16
  to
• 10:16
  have
• 10:16
  a
• 10:16
  monthly
• 10:17
  money
• 10:17
  talk.
• 10:17
  Just
• 10:18
  a
• 10:18
  quick
• 10:18
  regular
• 10:19
  check
• 10:19
  in
• 10:19
  maybe
• 10:20
  10
• 10:20
  or
• 10:20
  15
• 10:21
  minutes
• 10:21
  a
• 10:21
  month.
• 10:22
  It
• 10:22
  doesn't
• 10:22
  have
• 10:22
  to
• 10:22
  be
• 10:22
  overwhelming.
• 10:23
  Make
• 10:23
  sure
• 10:23
  you
• 10:23
  pick
• 10:23
  your
• 10:24
  time.
• 10:24
  Not
• 10:25
  the
• 10:25
  time
• 10:25
  to
• 10:25
  do
• 10:25
  it
• 10:25
  when
• 10:25
  they're
• 10:26
  running
• 10:26
  out
• 10:26
  the
• 10:26
  door
• 10:26
  to
• 10:26
  go
• 10:27
  play
• 10:27
  with
• 10:27
  their
• 10:27
  friends
• 10:27
  or
• 10:28
  be
• 10:28
  with
• 10:28
  their
• 10:28
  girlfriend,
• 10:29
  but
• 10:29
  really
• 10:29
  set
• 10:29
  it
• 10:30
  up
• 10:30
  ahead
• 10:30
  of
• 10:30
  time.
• 10:30
  Schedule
• 10:31
  it.
• 10:31
  Ask
• 10:31
  them
• 10:32
  questions,
• 10:33
  asking
• 10:33
  them
• 10:33
  about
• 10:34
  their
• 10:34
  money.
• 10:34
  Ask
• 10:34
  them,
• 10:34
  hey,
• 10:35
  what's
• 10:35
  working?
• 10:36
  Hey,
• 10:36
  what's
• 10:37
  working?
• 10:37
  What
• 10:37
  are
• 10:37
  you
• 10:37
  struggling
• 10:38
  with?
• 10:38
  Yeah,
• 10:39
  I've
• 10:39
  struggled
• 10:39
  with
• 10:39
  that
• 10:39
  too.
• 10:40
  Be
• 10:40
  honest
• 10:40
  with
• 10:40
  them.
• 10:41
  Tell
• 10:41
  them
• 10:41
  about
• 10:41
  your
• 10:41
  own
• 10:42
  struggles.
• 10:42
  If
• 10:43
  you
• 10:43
  don't
• 10:43
  want
• 10:43
  them
• 10:43
  to
• 10:44
  make
• 10:44
  the
• 10:44
  same
• 10:44
  mistakes
• 10:44
  that
• 10:45
  you've
• 10:45
  made,
• 10:45
  start
• 10:46
  being
• 10:46
  honest
• 10:46
  with
• 10:47
  them.
• 10:47
  Talk
• 10:47
  to
• 10:47
  them
• 10:47
  about
• 10:48
  what's
• 10:48
  challenging
• 10:49
  them,
• 10:49
  what
• 10:50
  is,
• 10:50
  what
• 10:50
  are
• 10:50
  the
• 10:50
  challenges
• 10:51
  that
• 10:51
  they're
• 10:51
  facing.
• 10:52
  Be
• 10:52
  supportive.
• 10:53
  It's
• 10:54
  so
• 10:54
  easy
• 10:54
  for
• 10:54
  us
• 10:54
  to
• 10:55
  parents
• 10:55
  to
• 10:55
  be
• 10:56
  critical.
• 10:56
  This
• 10:56
  is
• 10:57
  not
• 10:57
  the
• 10:57
  time
• 10:57
  to
• 10:57
  be
• 10:57
  critical.
• 10:58
  If
• 10:58
  you
• 10:58
  want
• 10:58
  your
• 10:59
  kids
• 10:59
  to
• 10:59
  embrace
• 11:00
  this
• 11:00
  education,
• 11:01
  you
• 11:01
  want
• 11:01
  your
• 11:01
  kids
• 11:02
  to
• 11:02
  embrace
• 11:02
  this
• 11:03
  training,
• 11:04
  then
• 11:04
  be
• 11:04
  supportive.
• 11:05
  Explain
• 11:06
  to
• 11:06
  them,
• 11:06
  hey,
• 11:06
  yeah,
• 11:06
  I
• 11:07
  made
• 11:07
  those
• 11:07
  mistakes.
• 11:07
  One
• 11:07
  of
• 11:08
  the
• 11:08
  things
• 11:08
  that's
• 11:08
  been
• 11:08
  very
• 11:09
  valuable
• 11:09
  for
• 11:09
  me
• 11:10
  is
• 11:10
  when
• 11:10
  my
• 11:10
  two
• 11:10
  boys
• 11:11
  come
• 11:11
  to
• 11:11
  me
• 11:11
  and
• 11:11
  they
• 11:11
  say,
• 11:11
  dad,
• 11:12
  I
• 11:12
  got
• 11:12
  this
• 11:12
  financial
• 11:13
  question.
• 11:13
  I
• 11:13
  can
• 11:13
  say
• 11:14
  to
• 11:14
  them
• 11:14
  many
• 11:14
  times
• 11:14
  because
• 11:14
  listen,
• 11:15
  I
• 11:15
  made
• 11:15
  a
• 11:15
  ton
• 11:15
  of
• 11:15
  mistakes.
• 11:16
  I
• 11:16
  can
• 11:16
  say
• 11:17
  to
• 11:17
  them,
• 11:17
  yeah,
• 11:18
  I
• 11:18
  made
• 11:19
  that
• 11:19
  same
• 11:19
  mistake
• 11:19
  when
• 11:20
  I
• 11:20
  was
• 11:20
  your
• 11:20
  age.
• 11:20
  I
• 11:20
  made
• 11:21
  that
• 11:21
  same
• 11:21
  mistake
• 11:21
  10
• 11:22
  years
• 11:22
  ago
• 11:23
  and
• 11:23
  Listen,
• 11:24
  you
• 11:24
  can
• 11:24
  be
• 11:24
  supportive
• 11:25
  without
• 11:25
  being
• 11:25
  critical.
• 11:26
  And
• 11:27
  all
• 11:27
  of
• 11:27
  this
• 11:27
  works
• 11:27
  because
• 11:28
  it
• 11:28
  transforms
• 11:28
  those
• 11:29
  arguments
• 11:30
  and
• 11:30
  it's
• 11:30
  so
• 11:30
  easy
• 11:31
  to
• 11:31
  argue
• 11:31
  with
• 11:31
  your
• 11:31
  teens.
• 11:32
  Hey,
• 11:32
  listen,
• 11:33
  it's
• 11:33
  a
• 11:33
  tough
• 11:33
  time
• 11:34
  for
• 11:34
  parents
• 11:34
  and
• 11:35
  it's
• 11:35
  a
• 11:35
  tough
• 11:35
  time
• 11:35
  for
• 11:36
  kids.
• 11:36
  But
• 11:37
  all
• 11:37
  the
• 11:37
  things
• 11:37
  I
• 11:37
  talked
• 11:37
  about
• 11:38
  today
• 11:38
  are
• 11:38
  going
• 11:38
  to
• 11:38
  transform
• 11:39
  those
• 11:39
  arguments
• 11:40
  into
• 11:40
  growth
• 11:41
  opportunities.
• 11:41
  And
• 11:41
  you're
• 11:42
  going
• 11:42
  to
• 11:42
  help
• 11:42
  them
• 11:42
  build
• 11:42
  practical
• 11:43
  skills
• 11:44
  that
• 11:44
  they're
• 11:44
  going
• 11:44
  to
• 11:44
  use
• 11:45
  for
• 11:45
  life.
• 11:46
  You
• 11:46
  can
• 11:46
  train
• 11:46
  them
• 11:47
  how
• 11:47
  to
• 11:47
  handle
• 11:47
  money
• 11:48
  God's
• 11:48
  way,
• 11:48
  how
• 11:48
  to
• 11:48
  make
• 11:49
  wise
• 11:49
  choices.
• 11:50
  And
• 11:50
  listen,
• 11:51
  I
• 11:51
  talk
• 11:51
  about
• 11:52
  on
• 11:52
  the
• 11:52
  show
• 11:52
  all
• 11:52
  the
• 11:52
  time
• 11:53
  how
• 11:53
  for
• 11:53
  them
• 11:54
  to
• 11:54
  grow
• 11:54
  into
• 11:54
  financially
• 11:55
  confident
• 11:56
  and
• 11:56
  independent
• 11:57
  adults.
• 11:58
  How
• 11:58
  about
• 11:58
  we
• 11:58
  pray
• 11:58
  together
• 11:59
  now?
• 11:59
  Father
• 11:59
  God,
• 12:00
  we
• 12:00
  just
• 12:00
  thank
• 12:00
  you
• 12:00
  for
• 12:01
  the
• 12:01
  gift
• 12:01
  of
• 12:01
  our
• 12:01
  teenagers,
• 12:02
  Lord,
• 12:02
  and
• 12:02
  for
• 12:03
  their
• 12:03
  journey
• 12:03
  in
• 12:04
  independence.
• 12:04
  Now
• 12:04
  some
• 12:05
  of
• 12:05
  these,
• 12:05
  we
• 12:05
  don't
• 12:05
  feel
• 12:05
  like
• 12:06
  they're
• 12:06
  a
• 12:06
  gift,
• 12:06
  Lord,
• 12:07
  but
• 12:07
  we
• 12:08
  do
• 12:08
  really
• 12:08
  thank
• 12:08
  you
• 12:09
  for
• 12:09
  them.
• 12:09
  And
• 12:09
  we
• 12:09
  confess
• 12:09
  that
• 12:10
  teaching
• 12:10
  them
• 12:10
  about
• 12:11
  money
• 12:11
  can
• 12:11
  feel
• 12:11
  challenging,
• 12:12
  Lord,
• 12:12
  and
• 12:12
  can
• 12:13
  lead
• 12:13
  us
• 12:13
  to
• 12:13
  arguments.
• 12:14
  And
• 12:14
  it
• 12:15
  really
• 12:15
  addresses
• 12:15
  our
• 12:16
  fears
• 12:16
  of
• 12:16
  them
• 12:16
  making
• 12:16
  the
• 12:17
  same
• 12:17
  mistakes
• 12:17
  we
• 12:18
  made.
• 12:18
  So
• 12:19
  we
• 12:19
  would
• 12:19
  ask
• 12:19
  that
• 12:19
  you
• 12:20
  would
• 12:20
  grant
• 12:20
  us
• 12:20
  wisdom
• 12:21
  and
• 12:21
  grant
• 12:21
  us
• 12:21
  patience
• 12:22
  as
• 12:23
  we
• 12:23
  guide
• 12:23
  them
• 12:23
  in
• 12:24
  financial
• 12:24
  literacy.
• 12:25
  We
• 12:25
  ask
• 12:25
  that
• 12:26
  you
• 12:26
  would
• 12:26
  help
• 12:26
  our
• 12:26
  teenagers
• 12:27
  hearts
• 12:27
  to
• 12:27
  be
• 12:27
  open
• 12:28
  to
• 12:28
  learning
• 12:28
  diligence
• 12:29
  and
• 12:29
  open
• 12:30
  to
• 12:30
  learning
• 12:30
  responsibility
• 12:31
  and
• 12:31
  open
• 12:32
  to
• 12:32
  learning
• 12:32
  wise
• 12:32
  stewardship.
• 12:33
  And
• 12:33
  we
• 12:34
  just
• 12:34
  ask
• 12:34
  that
• 12:34
  you
• 12:34
  would
• 12:34
  guide
• 12:35
  them
• 12:35
  as
• 12:35
  they
• 12:35
  earn.
• 12:36
  Maybe
• 12:36
  they've
• 12:36
  got
• 12:36
  that
• 12:36
  first
• 12:37
  job.
• 12:37
  And
• 12:37
  guide
• 12:38
  them
• 12:38
  as
• 12:38
  they
• 12:38
  save
• 12:39
  and
• 12:39
  spend
• 12:39
  and
• 12:39
  most
• 12:39
  importantly,
• 12:40
  guide
• 12:40
  them
• 12:40
  as
• 12:41
  they
• 12:41
  thought
• 12:41
  to
• 12:42
  be
• 12:42
  cheerful
• 12:42
  givers,
• 12:43
  Lord,
• 12:43
  so
• 12:43
  they
• 12:44
  can
• 12:44
  honor
• 12:44
  you
• 12:44
  with
• 12:45
  their
• 12:45
  resources
• 12:46
  and
• 12:46
  walk
• 12:46
  in
• 12:47
  financial
• 12:47
  confidence.
• 12:48
  And
• 12:48
  Lord,
• 12:48
  we
• 12:49
  ask
• 12:49
  this
• 12:49
  in
• 12:49
  confidence
• 12:50
  in
• 12:50
  Jesus
• 12:51
  name,
• 12:52
  Amen.
• 12:53
  Listen,
• 12:55
  equip
• 12:55
  your
• 12:55
  teen
• 12:56
  today
• 12:56
  with
• 12:56
  just
• 12:56
  one
• 12:57
  small
• 12:57
  money
• 12:57
  lesson.
• 12:58
  Just
• 12:59
  one
• 12:59
  of
• 12:59
  the
• 12:59
  things
• 12:59
  we
• 13:00
  talk
• 13:00
  about.
• 13:00
  Maybe
• 13:00
  it's
• 13:00
  those
• 13:01
  jars,
• 13:02
  maybe
• 13:02
  it's
• 13:02
  that,
• 13:02
  hey,
• 13:03
  let's
• 13:03
  talk
• 13:03
  about
• 13:03
  your
• 13:04
  first
• 13:04
  job.
• 13:04
  Just
• 13:05
  talk
• 13:05
  to
• 13:05
  them,
• 13:05
  ask
• 13:06
  them
• 13:06
  what
• 13:06
  their
• 13:07
  expectations
• 13:07
  are.
• 13:08
  Set
• 13:08
  those
• 13:08
  expectations
• 13:09
  with
• 13:09
  them.
• 13:09
  Nothing
• 13:10
  I'm
• 13:10
  going
• 13:10
  to
• 13:10
  encourage
• 13:10
  you
• 13:11
  to
• 13:11
  do
• 13:11
  is
• 13:11
  share
• 13:11
  the
• 13:12
  show
• 13:12
  with
• 13:12
  the
• 13:12
  people
• 13:13
  you
• 13:13
  might
• 13:13
  know.
• 13:13
  Somebody
• 13:14
  that's
• 13:14
  dealing
• 13:15
  with
• 13:15
  the
• 13:15
  same
• 13:15
  struggles
• 13:16
  that
• 13:16
  you're
• 13:16
  dealing
• 13:16
  with.
• 13:16
  Maybe
• 13:16
  like
• 13:17
  hey
• 13:17
  Rob,
• 13:17
  I
• 13:17
  listen
• 13:18
  to
• 13:18
  your
• 13:18
  show
• 13:18
  every
• 13:18
  day
• 13:18
  and
• 13:19
  I'm
• 13:19
  always
• 13:19
  learning
• 13:19
  something
• 13:20
  new.
• 13:20
  Well,
• 13:20
  how
• 13:21
  about
• 13:21
  you
• 13:21
  share
• 13:21
  that
• 13:21
  with
• 13:21
  somebody?
• 13:22
  Share
• 13:22
  it
• 13:23
  with
• 13:23
  a
• 13:23
  family
• 13:23
  member,
• 13:23
  share
• 13:24
  it
• 13:24
  with
• 13:24
  a
• 13:24
  friend,
• 13:24
  maybe
• 13:25
  somebody
• 13:25
  at
• 13:25
  work
• 13:25
  or
• 13:26
  maybe
• 13:26
  somebody
• 13:26
  in
• 13:26
  your
• 13:27
  parents
• 13:27
  group.
• 13:28
  You
• 13:28
  can
• 13:28
  just
• 13:28
  point
• 13:28
  them
• 13:29
  directly
• 13:29
  to
• 13:29
  financiallyconfidentchristian.com
• 13:31
  hey,
• 13:32
  send
• 13:32
  them
• 13:32
  a
• 13:32
  text,
• 13:32
  send
• 13:33
  them
• 13:33
  an
• 13:33
  email
• 13:33
  and
• 13:33
  say
• 13:34
  hey,
• 13:34
  there's
• 13:34
  a
• 13:34
  lot
• 13:35
  of
• 13:35
  good
• 13:35
  information
• 13:35
  here.
• 13:36
  Well,
• 13:37
  tomorrow
• 13:37
  we're
• 13:38
  going
• 13:38
  to
• 13:38
  talk
• 13:38
  about
• 13:39
  fall
• 13:39
  financial
• 13:40
  prep
• 13:40
  yes.
• 13:40
  We're
• 13:40
  going
• 13:41
  to
• 13:41
  talk
• 13:41
  about
• 13:41
  reviewing
• 13:41
  your
• 13:42
  home,
• 13:42
  auto
• 13:42
  and
• 13:42
  life
• 13:43
  insurance.
• 13:43
  Ralph's
• 13:44
  going
• 13:44
  to
• 13:44
  put
• 13:44
  on
• 13:44
  his
• 13:44
  life
• 13:45
  insurance
• 13:45
  cap
• 13:46
  so
• 13:46
  we
• 13:47
  can
• 13:47
  ensure
• 13:47
  you've
• 13:47
  got
• 13:47
  protection
• 13:48
  without
• 13:48
  overpaying.
• 13:49
  It's
• 13:50
  going
• 13:50
  to
• 13:50
  be
• 13:50
  a
• 13:50
  great
• 13:50
  show
• 13:50
  tomorrow.
• 13:51
  I'm
• 13:51
  encourage
• 13:51
  you
• 13:51
  to
• 13:51
  check
• 13:51
  it
• 13:51
  out.
• 13:52
  Well,
• 13:52
  let's
• 13:52
  all
• 13:52
  go
• 13:53
  out
• 13:53
  there
• 13:53
  today
• 13:53
  and
• 13:53
  be
• 13:54
  financially
• 13:54
  confident
• 13:55
  Christians.
• 13:56
  You
• 13:56
  can
• 13:56
  do
• 13:56
  this.
• 13:57
  I
• 13:57
  have
• 13:58
  confidence
• 13:58
  in
• 13:58
  you.
• 13:59
  Have
• 13:59
  confidence
• 13:59
  in
• 14:00
  yourself.
• 14:00
  Stay
• 14:00
  financially
• 14:01
  savvy.
• 14:02
  God
• 14:02
  bless
• 14:02
  you.
• 14:02
  And
• 14:02
  you
• 14:03
  have
• 14:03
  a
• 14:03
  great
• 14:03
  day
• 14:03
  today.