In this episode, we have special guest Ray Poteet. He shares lessons on the importance of grandparents in the lives of their grandchildren. And we discuss how grandparents can their grandchildren grow with understanding about money how money works.
Ray Poteet helped his grandchildren by what he's done with them and for them, especially financially. As many of you know, he's the founder of Living Wealth a mentor to the hosts of the show.
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Being a grandparent and now a great-grandparent, teaching other grandparents what he's learned is a passion of Ray's. So this is a special episode and topic to him.
Speaking about money is often a taboo subject in most homes. But as Ray says,
We teach them how to drive. We teach them how to run on a computer. [...] but we don't teach them about money.
Yet, it took money to buy a car. It took money to buy a cell phone. It took money to go out to eat. It took money to take them to Disneyland. The item that we needed to do all those things we forget to talk to them about.
So let's get to talk about money and other wisdom grandparents can share in this episode.\
Grandparents on Money Topics Discussed:
It takes money to do most of the things we do every day in life. Yet, we forget to ever talk about money with our children and grandchildren.
As a grandparent and great-grandparent, teaching about money is the greatest joy I have right now. And I have the tool to be able to teach them.
I was so used to storing money. I was very fearful of not having enough. Now I'm more concerned if money is sitting and not moving rather than an amount of money.
Teach them motion of money instead of money sitting. Teach them replenishing and recapturing instead of just spending money.
The word God says knowledge is power. It also says in Hosea, "My people perish for lack of knowledge.
In this episode, we will discuss the three best money resolutions. These are simple changes can make for the new year that will actually make a difference in your life.
~ Access our FREE Infinite Banking Beginner course here:
https://livingwealth.com/beatinflation
~ Get resources and transcripts from this episode by visiting:
We have just kicked off the new year. And everyone is trying to figure out what type of resolutions and goals they're going to set for themselves.
I'm going to ask you this: Have you personally ever actually followed through with it a New Years resolution? Most likely the answer is no or not many. The intention is to follow through, and you do good for the first couple days, maybe even the first couple weeks. But then 'life gets in the way'.
So we've come up with a few things that we think can really help people and are fairly simple to change. These are money resolutions they could actually achieve.
Normally with a resolution, it's something you have to give up. Think of these as more of a call to action. They are money resolutions that can help you and your family. And they create a sense of accomplishment versus a sense of failure.
Even though they probably would rather do something else. They're not loving their 401K.
Don't just stuff money into your 401K because you have been doing it. But instead, make a sophisticated decision.
Stop doing things you don't want to do with your money just because you always did it that way. Do something you're passionate about with money.
Start giving intentionally, not just going through the motions and almost checking it off the list.
Words don't mean a lot. So stop talking about problems and start doing something about them.
There is hope. That's the biggest thing: You can have hope and nobody can take that hope away unless you surrender it.
Surround yourself with people that want to accomplish financial freedom alongside you.