What financial advice would you give to your younger self or your children?In this episode, I’ll discuss principles for teaching young people about money. These include paying oneself first, not spending more than one makes, investing early and frequently, never stop learning, and managing debt effectively. It is very important to have open conversations with family members about money and building a healthy relationship with it.Build healthy financial habits and ensure that future generations are equipped to make informed financial decisions. Listen now!Key Points:[02:40] #1 Pay yourself first[05:39] #2 Don’t spend more money than you make[07:32] #3 Invest early[09:54] #4 Never stop learning[10:51] #5 Manage your debtIf you loved this episode, you have to listen to these episodes as well:&nbsp;>> <a href="https://minority-money.captivate.fm/episode/spring-cleaning-your-finances-tips-for-a-financial-fresh-start" rel="noopener noreferrer" target="_blank">Spring Cleaning Your Finances: Tips for a Financial Fresh Start</a>>> <a href="https://minority-money.captivate.fm/episode/monitoring-your-financial-plan-with-dr-preston-cherry-step-7-of-financial-planning" rel="noopener noreferrer" target="_blank">Monitoring your Financial Plan with Dr. Preston Cherry [Step 7 of Financial Planning]</a>>> <a href="https://minority-money.captivate.fm/episode/implementing-the-plan-with-shawn-tydlaska-step-6-of-financial-planning" rel="noopener noreferrer" target="_blank">Implementing the Plan with Shawn Tydlaska [Step 6 of Financial Planning]</a>I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on Apple Podcasts (<a href="https://apple.co/3jN77Mv" rel="noopener noreferrer" target="_blank">https://apple.co/3jN77Mv</a>), Spotify (<a href="https://spoti.fi/3jParH0" rel="noopener noreferrer" target="_blank">https://spoti.fi/3jParH0</a>), Google Podcasts (<a href="https://bit.ly/3n3i8vb" rel="noopener noreferrer" target="_blank">https://bit.ly/3n3i8vb</a>), or on your favorite podcast app and SHARE THIS 👉 (<a href="https://bit.ly/3l18yWQ" rel="noopener noreferrer" target="_blank">https://bit.ly/3l18yWQ</a>) with a friend.**********Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com I Can't wait to meet you.

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