{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"160: Money Smart Children. With Anthony Delauney","description":"How can you teach your child to be financially smart? Listen in as my guest, Anthony Delauney, shares his essential advice. Click here for the show notes and extra resources. You would not necessarily think of financial literacy as something a child should know, yet my guest today shares the importance of learning about finances early so we can have money smart children. What We Talked About: How Anthony's extensive knowledge in financial planning has influenced his parenting Introducing financial concepts to children in an engaging and age-appropriate manner The do\u2019s and don'ts of implementing allowances Developing healthy financial habits early on Making the complexity of financial literacy simple The impact emotions have on financial decisions Things to Remember \u201cParenting is trying to get a sense of how best we can relate to our children.\u201d \u201cIt's hard enough to figure out your own situation, but when you start to incorporate a spouse and children into the mix, it makes the planning process a lot more fun, but also a lot more complex.\u201d \u201cYou can have two children and you can raise them the exact same way and they can become totally different individuals.\u201d \u201cWhen children receive the money,  it's very important that they maintain some sense of ownership in terms of how it's distributed.\u201d \u201cFear of judgment is the number one thing that prevents people from achieving success.\u201d \u201cThe best part about being a child is you can fail in a safe environment.\u201d \u201cWhen a child does fail, we want to give them the opportunity to do it, but we need to be extremely mindful of how we react to their failure.\u201d \u201cEmotion and money do not go well together.\u201d \u201cDo not introduce certain concepts that your children may not be emotionally prepared to absorb  or relate to.\u201d \u201cAs a parent, make sure that you're mindful of how you react.\u201d \u201cIt's not so much what we tell our children. It's what we show them.\u201d - Anthony Delauney   Click here for the show notes and extra resources. ","author_name":"The Art of Parenting","author_url":"http:\/\/the-art-of-parenting.libsyn.com\/website","html":"