10 Things The WEALTHY Teach Their Kids About Money (You Should Too) | Anthony ONeal
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- čas přidán 3. 12. 2023
- On this episode of The Table With Anthony ONeal, AO shares the valuable principles passed down by the affluent to their children, gaining insights into wealth creation and why early exposure to these lessons can result in a significant gap in financial knowledge across diverse groups. Join us for an insightful discussion that delves into the impact of early financial education, addressing disparities and offering perspectives on bridging the gap for a more financially inclusive future. Don't miss this enriching conversation!
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Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same.
Join me on my CZcams channel and let’s start this journey together. I’ll share my experiences, tips, and tools to help you achieve success and become debt-free. Plus, you can follow me on Instagram @AnthonyONeal and visit anthonyoneal.com for more resources and help.
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When I lived with my auntie, I had asked for an allowance. She told me "your allowance is me allowing you to live in my house"
This is giving me life! “Our kids see struggle” Our kids see it all. My 5 year old told me when she gets her lemonade stand going she will take me on vacation and pay my bills 🤯 because she sees I do everything. Our kids are watching ❤️ I love this
He said, "Train your kids in the way they should go...Not the way you went".. That's a the truth right there. I wouldn't dare guilt myself into not teaching my children the right way just because I made bad choices. I did but they don't have to.
"Wealth is Freedom" is such a true statement. It was one of the best hours ever spent.
I just wanted to say my kids seeing me value my sessions on Better Help has strengthen our relationship and they ask me things about their wellness.
1. Define Wealth Early On
2. "Mind Your Business"
3. Money Comes From Working
4. Importance of Investing in their Future
5. Networking is an Asset
6. Embracing Always Learning
7. The Diversification Strategy
8. Hard Work's True Value
9. The Power of Generosity
10. Money's Role
You know you are hitting a soft spot but a good point when you start crying 😢 listening to a podcast. So I thank u. I operated on survival over thriving and living for a longtime because that’s all I knew growing up with my grandparents. So y til the last year or 2 I’ve been trying to educate my boys on financial literacy as I learn. So I will from on out take my boys with me to the bank and all other that have to do with money. And be willing to talk about it open and honestly no matter how much it hurts. But I can say it makes you feel as if you were a bad parent when you were really doing your best with what you had or knew. We live and we grow daily!🙏🏾
Bless you this channel is a God send!
Yes when your mind is good it affects other areas of your life positively.
Yes children need to learn how to make money early in life
Thank you thank you thank you! I am sitting my 14 year old son down and we are implementing this!
This is gold for wealth building! Thank you so much, Mr. O'Neal for this amazing show.❤ I wish I had this knowledge growing up, but I am a living example (25 years old) of what/where my parents were and still are at and the knowledge that they carried. Im starting at ground zero to be able to build wealth and also trying to get my younger sisters to understand that we can't keep letting our parents show us the tools they used that got them where they are today. We need to go out and get more knowledge and tools to help us get away from our parents' generation of teachings and do better for our future generations to come. 🙏🏾
You sir, are the truth.🙏🏽
You are so right about teaching your kids the right things to do even if you made mistakes. I remember saying that sometimes the fact that we made mistakes in certain areas and are humble enough to admit it, may mean more than the person who hasn't dealt with the consequences of said mistake.
I see "show notes pdf", but I am not seeing a link to click on. Is it just operator error aka me? 😄 Or is there not a link posted yet? THANKS!
I don't see it either.
I don’t see the link 🔗
This hit home. Message received. Thank you.
Its great to sow seed in the ground
This episode is golden! 🔥
O, I'm excited for this. I had my daughter watch your budgeting episode recently. We will watch this one together too.
Financial Literacy: Wealthy parents prioritize teaching their children about money from an early age, instilling essential financial literacy skills.
Investing Basics: Wealthy families educate their kids on the fundamentals of investing, emphasizing the power of compound interest and long-term wealth building.
Entrepreneurship: Many affluent parents encourage an entrepreneurial mindset, teaching their kids about business and innovation.
Asset Management: Wealthy individuals stress the importance of managing assets wisely, diversifying investments, and understanding risk.
Budgeting Skills: Children from wealthy families learn the value of budgeting, responsible spending, and distinguishing between needs and wants.
Looooooool @ 58:43
This is the best video I have heard in a very long time. I will be sharing it with family.
The PDF link is not in your show notes like you mentioned
"Wealth is not money, wealth is freedom"-- Anthony ONeal
Thank you so much for sharing
@anthonyoneal Struggle builds character.
This is awesome! Looking for the PDF link.
Keep speaking Truth Brother 🙏❤️.
Love the facts great episode!
Had trouble getting the pdf. Anyone have it?
Listening to this with my 14 year old daughter now.
Praise god tithes and offering
does anyone know how to get the show notes:PDF file?
So many new insights, Anthony. I will be pouring these nuggets into my students/teenpreneurs. Thank you so much for your wisdom, blessings from Jamaica.
This is good!!!❤❤❤❤
So so good!
🔥🔥🔥
*FACTS*
I love this type of content when Anthony drops it. Definitely need to see more finance related topics, big dog maybe start a dating and relationship channel separately that way you don’t throw the algorithm off. Also, congrats on the new studio🎉 definitely would love to use it if I lived in the DMV area.
Sooo good!!!!!!!
Love this bro
Yess
❤❤❤
Bar is so hard "your mind is your business"
What about birthdays and holidays when grand parents and aunts etc give your kid money ? How do the wealth parents handle this ?
My school has the guidance secretary listed 1st on the bulletin board... title: Boss
What’s the name of the book about Relationship Capital that he mentioned in number five?
Where can I get that hoodie?
Hey where is the PDF
Where can I get that hoodie.?
The link k for the pdf is not reflecting
I dont see the pdf
Exactly… I have the funds NOT you.
Teens should not only be working, a job or business, but they should also be contributing financially to the family. $50 to $100 monthly ‘rent’, ‘room and board’, helps them to feel being a valued, important part of the family. They learn to contribute to the well being of the family.
Wait so what age you teach them commission? My son is 11👀 and dont live in a house.
I almost fell off this treadmill when he mentioned the lady that said “clapping her cheeks” to him 😂😅
If we don’t teach them… who will? The only way to set them up for success is to teach them early. We can not expect for generational wealth to go 10 generations IF we don’t teach them how to manage what they EARN now.
12:06 my son enjoys visiting the subdivision down the street from our house because the homes are nicer. I feel like I’m on the right track so far.
Not sure about all that you say wealthy people are doing or even Teaching. Money and wealth come in different forms. What about the wealthy parent, that never makes the soccer game or dance recital. Agreed Wealth is not just money. I believe in most cases, people are a product of their environment. This is why Wealth kids, remain wealthy. They have access to money, education and other resources. The road to wealth for others require many more hurdles. So the first bullet point should start with education, and then goals, and then people you keep, and then networking, and then saving and budgeting, and then investing, and then establishing streams of income, and then financial freedom. Again not so sure it's what wealthy people are teaching vs. the environment and opportunities which provide a significant leg up on Life, especially financially for kids with family that already have wealth. ✌️
Ready for this as I have a 6vyr old that we're teaching money principles now through money earned from school test down to tithe and savings. Because this kid can spend $100 week at Target for toys 😂
What about is the make the honor roll I give 40.00. Is this okay? I don’t give Christmas presents. They’ve to give away for every one toy coming in 7 toys must go
We do grade commissions on the report card - $10 per A, $5 per B and $1 per C. You pay us back $ if you have a D or F.
Pay by skill. Many teachers give As to students who don't have basic skills for the course so they don't have to call you or speak to an administrator.
I see.the allowance ides only hurting the kids now. And robbing them.of. valuable lessons
Message Could Be Delivered In 15mns. Lot Of Verbiage Saying Nothing! Easy To Lose On The Few Nuggets Of Wisdom Due To "Filler" Words