42: Advising President Obama and Bush on Finance; Children & Money with Sharon Lechter

#42: As a child, were you taught a scarcity mindset?

 

Steering public policy through the White House and Congress may help future generations of American children be better-educated on finance.

 

Listen to this week’s show and learn:

 

02:18  You’re working 8+ hours a day for a job you’re not passionate about. Why not at least plan an escape hatch?

 

06:17  Did your parents tell you “Money doesn’t grow on trees” and “Who do you think we are, the Rockefellers?” Instead, Sharon reveals more constructive phrases.

 

08:32  As a child, did you learn to “save money” or “invest money?”

 

11:05  “Live below your means” reinforces a scarce mindset.

 

16:00  How to teach children about businesses.

 

17:33  Sharon Lechter on the value of a college education today.

 

24:50  Which President - Obama or Bush - would be more likely to calculate an apartment building cap rate? Sharon picks one!

 

25:11  Sharon on the power of real estate investing.

 

28:09  Sharon’s work with “Think and Grow Rich.”

 

Resources mentioned:

 

TheLandGeek.com/GRE and MidSouthHomeBuyers.com

 

Sharon’s resources: SharonLechter.com | Think and Grow Rich for Women | Board game: Thrive Time For Teens | LinkedIn-Success.com | MyJobChart.com  

 

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