Business
How can we teach our kids about money and encourage them to develop smart financial habits? And what can we do to help our kids learn the hard way and make their own mistakes without getting hurt? To help answer these questions, my special guest today is Mike Miller. He’s a family man with three adult daughters, COO at Advisors Excel, creator of the First Habits System, and the author of First Habits Win: Prime Your Children for a Lifetime of Financial Success with This Simple System. In today’s conversation, Mike shares the story of how his parents set him up to be a financial disaster, what he did to make sure his daughters weren’t set up to fail like he was, and the different ways they achieved success. We also dig into the brain chemistry behind spenders, savers, and whatevers, Mike’s unique First Habits System, and how to create your own roadmap to help your kids achieve financial independence and live abundantly for generations to come! P.S. If you loved this episode, please write a review on iTunes, take a screenshot, and send it to info@frontrowdads.com, and I’ll buy you a copy of Mike’s book! Mike Miller Podcast Highlights What Mike did to start managing his kids’ money when they turned 12–and how it proved highly beneficial. Why do projects we try with our kids fizzle out so frequently? How Mike wrecked his life when he became financially independent as a young adult. How Mike’s daughters showed him the different types of money personalities. Why our kids live in our financial comfort zones–and why this doesn’t work when our kids get their first entry-level jobs. How do financial issues lead to anxiety, divorce, suicide, and other tough social issues? How to talk to your kids about inflation, cryptocurrency, and some of the other financial topics that come up in our daily lives. The value of introducing things in stages. What defines financial success? What does it mean to achieve flourishing wealth? Why are our financial challenges never truly over at any age? Get the Full Show Notes Want access to the full show notes, including links to all resources mentioned during today's conversation? Visit FrontRowDads.com/285 Want to learn more about Front Row Dads? We are in the business of building better families. While most dads would say that family matters most, the challenge is they feel guilty knowing their careers get the best of them, and their family seems to get the rest of them. We help Dads become family men with businesses, not businessmen who have families, so they can thrive personally AND professionally. Subscribe to the Front Row Dad podcast to learn about fatherhood, marriage and how to level up your game at home, or if you’re ready for the best coaching and true brothers to grow with, Join The Brotherhood! Are you getting all the shows? Subscribe today! Want to leave a review? THANK YOU! http://FrontRowDads.com/review