Teaching Your Kids What You Wish You Had Learned With Hannah Kesler


































Episode 348 - Are there things you wished you had learned about money when you were a kid? In today’s episode, special guest Hannah Kesler talks about some of her ideas on how to raise children to become financially savvy adults.













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Transcript of Podcast Episode 348





Welcome to Security Mutual Life Insurance Company of New York's SML Planning Minute, where we share concise and thought-provoking financial ideas for individuals, families, and business owners. Security Mutual, the company that cares.
Bill Rainaldi:
Hello, this is Bill Rainaldi with another edition of Security Mutual's SML Planning Minute. In today's episode, money lessons that stick, teaching your kids what you wish you had learned with special guest Hannah Kesler.
Hannah Kesler is a leading authority on the Infinite Banking Concept® and the Money Multiplier Method®. She travels the country showing people how to take control of their money, build wealth, keep the money in the family, and create a life full of freedom and happiness. She is also the host of the Money Multiplier Podcast. Hannah is also the author of the book The Companion, which is about teaching kids the important life lessons that any child or adult needs to hear. It is available on Amazon or Barnes and Noble, or at the website companionbook.com.
Hannah, welcome to the program.
Hannah Kesler:
Thank you, Bill. It's a pleasure to be here. I'm even more excited to talk about my favorite topic, money!
Bill Rainaldi:
Sounds good. Hannah, what do you think people are doing wrong today about teaching their kids about money?
Hannah Kesler:
Yeah. I don't think it's anything that they're doing wrong because, get this. Actually, there's a statistic out there from Fidelity that shows 56% of Americans did not talk about money with their parents as a child, and 82% of them wish they had. So, I think it just goes back to generations and generations of when we as adults aren't taught to talk about money around the kitchen table, we don't know how to carry that legacy and that conversation into the next generation and our heirs in line.
Really, my biggest advice would be money is such an important part of life. It allows us to do everything that we want to do. It gives us the resources, and we just need to start making it a common subject and stop making it so taboo.
Bill Rainaldi:
Yeah. Well, financial education is certainly something that's lacking with children. And that's not something that's new, that's something that's always been the case. I'm just wondering where you start? What age do you want to start talking to kids about money, and what are some of the basic concepts you want to make sure you get up front right away?
Hannah Kesler:
Yeah. I honestly think as soon as they can really talk and understand,