{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Raising Rich Kids: The Secrets to Building Generational Wealth for Your Family | Sarah Megginson","description":" Most of us spend years trying to figure out money - what to do with it, how to invest it, how to make it work harder. But imagine if someone had taught you the fundamentals when you were a child.   Because here's what I've seen over the years - the families who build lasting generational wealth don't just accumulate assets. They pass on the mindset, the habits, and the financial literacy that lets the next generation take it even further.   So what if we could give our kids that advantage? What if we could raise children who grow up genuinely confident about money, investing, and building wealth - instead of spending their adult years trying to unlearn bad money habits?   And don't worry if you don't have children yet or are not planning to have children. There'll be lots in today's show to help you with your money habits.   My guest today - Sarah Megginson is one of Australia's most recognised personal finance experts, with over 20 years of experience in property, finance and investment journalism.  Her new book is called "How to Raise Rich Kids: Build Lasting Wealth for Your Children" - and it's a genuinely practical guide for any parent who wants to get this right, whether they feel totally on top of their own finances or are still working it out themselves.   In this episode I\u2019m speaking with Sarah Megginson about raising financially confident kids and why money habits start earlier than most parents realise.   We unpack how children absorb money attitudes from home, and why your own behaviour shapes their financial future.   We discuss practical ways to teach budgeting, saving, and decision-making through everyday moments like shopping and family conversations.   We also look at how digital money, credit, and buy now, pay later can confuse young people without proper guidance.   Finally, we explore why the real legacy is not just wealth, but financial intelligence, confidence, and family values.   Takeaways   \u2022 Early money lessons at home shape children\u2019s habits long before adulthood. \u2022 Open conversations about money reduce fear and build financial confidence. \u2022 Children learn budgeting faster when they help compare real prices. \u2022 Digital spending removes friction, making impulse purchases easier to justify. \u2022 Buy now, pay later can hide debt from young people\u2019s awareness. \u2022 Parental stress around money often becomes children\u2019s emotional money blueprint. \u2022 Passing on financial intelligence matters more than handing over assets. \u2022 Involving kids in decisions builds responsibility and long-term confidence. \u2022 Reframing \u201cwe can\u2019t afford that\u201d teaches values, not scarcity. \u2022 Regular family money talks help prevent silence, shame, and poor financial choices.   Links and Resources:   Answer this week\u2019s trivia question here - https:\/\/www.propertytrivia.com.au\/ \u2022        Win a hard copy of Negotiate Influence Persuade. \u2022        Everyone wins a copy of a fully updated property report \u2013 What\u2019s ahead for property for 2026 and beyond.   Michael Yardney \u2013 Subscribe to my Property Update newsletter here     Sarah Megginson\u2019s Book How to Raise Rich Kids -  https:\/\/www.amazon.com.au\/How-Raise-Rich-Kids-Children\/dp\/1923390244   Get a bundle of eBooks and Reports at: www.PodcastBonus.com.au      Get the team at Metropole to create a Strategic Property plan for your needs. Click here and have a chat with us.   Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher \u2013 just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   About The Michael Yardney Podcast | Property Investment And Wealth Creation Australia   The Michael Yardney Podcast is one of Australia\u2019s leading property investment podcasts, helping investors understand the Australian property market and build long-term wealth through strategic property investing.   Each week we explore: \u2022 Australian property market updates\u2022 Property investment strategies in Australia\u2022 Melbourne property market trends\u2022 Sydney property market forecasts\u2022 Brisbane property investment opportunities\u2022 Capital growth property strategies\u2022 Property cycles in Australia\u2022 Negative gearing and tax strategy\u2022 Interest rates and their impact on property\u2022 Buyer\u2019s agent insights and investment planning   If you\u2019re serious about building a high-performance property portfolio and creating financial freedom through real estate, this podcast will give you the clarity and strategy you need.   Learn more at:https:\/\/propertyupdate.com.auhttps:\/\/metropole.com.au ","author_name":"Property Investment & Wealth Creation Australia | The Michael Yardney Podcast","author_url":"https:\/\/michaelyardneypodcast.com.au","html":"