MoneyHeart10 Syys 2020

Teaching Kids to Talk About Money - Nicole Smith - Episode 020

Several years ago, on the day after Christmas, Nicole and her husband had their bank account emptied by another bank which was collecting on past debts. They couldn’t make rent by January, so they lost the apartment where they were living. They couldn’t move forward on the custom home they were building and lost their earnest money deposit. They had nothing, and were forced to move in with her husband's parents.

When Nicole was growing up her family never talked about money. She always thought they were doing just fine. Her mom wanted to protect her as all parents want to protect their children, but by not learning about how money works during childhood, Nicole had to learn the hard way as an adult. Now she’s doing things much differently with her children.

“You want them to always have that security that you’re taking care of them. When you keep things from them they kind of lose that security.”

Most of Nicole’s friends think she’s crazy for sharing how much she and her husband make and other financial information with their kids. After recovering from so much debt and such a difficult situation Nicole is committed to make generational change in the way money is viewed, managed, and understood in her family. She also candidly shares her views on saving and paying for college.

Nicole Smith is a wife, mom of five, and co-owner of the South East Tulsa division of 1-800-Water Damage. She can be reached through their Facebook Page, website, or by calling (918) 872-0864.

Photos and more at moneyheartshow.com.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(120)

Leveling Up - Camille Diaz - Episode 121

Hosting this show has been an amazing experience for me. I hope the content has been valuable for you as well. The time has come for me to wrap up MoneyHeart and move on. In this crossover episode I s...

2 Maalis 202328min

Breaking Free from Money Chains - Jessica Hammock - Episode 120

Trauma is not only caused by things like car accidents and bad breakups. Jessica “Vibrant” Hammock teaches that trauma can be caused by anything where we had an expectation and what actually happened ...

23 Helmi 202331min

Oooh, Shiny! - Stéphanie Rourke Jackson - Episode 119

Stéphanie’s parents weren’t always the best at managing money. As she was entering adulthood she realized that if she wanted to have money it was up to her. She worked hard and did well but continued ...

9 Helmi 202343min

Inevitable Money Moves - El Knezevic - Episode 118

Is any of us prepared when we start our own business? Usually not! After starting her business El Knezevic found she kept running into blocks when it came to making money. Being the type of person who...

2 Helmi 202344min

Health is Wealth - Len Glassman - Episode 117

Len Glassman jokingly describes himself as a recovering attorney. He explains that after 4 years of law school and 12 years in practice he just wasn’t happy. Unfortunately (but actually, very fortunat...

26 Tammi 202339min

It's Never About the Money - Sarah Leslie - Episode 116

After 20 years of work Sarah Leslie had a very high paying career doing something she was really good at… but it was killing her. The job was so intense that she was literally sleeping with her cell p...

19 Tammi 202341min

Service Without Sacrifice - Linda-Ann Stewart - Episode 115

Many of us, especially women, are taught that in order to serve we must sacrifice something precious to us. Frequently, the sacrifice we make is our own well being. We sacrifice our income, our physic...

12 Tammi 202324min

Taking the Risk - Jennifer Vellenga - Episode 114

Not too long ago Jen Vellenga (Jen V) and Jennifer Rettele-Thomas (JRT) started a company dedicated to helping women speak with presence as a side hustle. Then after a few months, they decided to take...

5 Tammi 202337min