This week, financial coach Dawnette Palmore joins Austin to discuss her journey of overcoming personal and business financial challenges.
Dawnette highlights the impact of financial stress on relationships and the need for open communication with your spouse AND with your children. She offers insight into how couples can work together to achieve financial peace and model healthy money habits for their children.
As she and Austin discuss different strategies for communication, Dawnette reminds that modeling sound financial management habits are important to help kids have a solid foundation when they grow older. Topics such as saving for a large purchase, the value of money and the need for consistent financial education are all relevant conversations that she encourages parents to have with this kids.
Key Quotes
“We have the power to change the generations that come after us. And we should take that very seriously. Like we can change our family tree!”
“Legacy isn’t just an amount of money we leave; it’s what we leave in our children, and what they leave in theirs.”
“If we don’t have a plan, we’re just going to be a sail in the wind, going whichever way the wind takes us, and that usually doesn’t end up in a good spot.”
“If we don’t make it with money, we’re not going to make it anywhere else.”
“You cannot pretend like you’re hiding anything because you can hide nothing from your children. They pick up on energy.”
Ready to take the next step in gaining control over your money?
- Download the “6 Secrets to Healthy Money Conversations” guide
- Register for my FREE masterclass “Financial Freedom Blueprint” here
Or
- Schedule a FREE Discovery Call to determine if you would benefit from 1:1 coaching
