Raising Entrepreneurial Kids: Mindset, Money & Life Lessons

Episode Title43 -  Raising Entrepreneurial Kids: Mindset, Money & Life Lessons SummaryIn this episode of the Life By Design Podcast, Jessilyn and Brian Persson discuss the importance of raising entrepreneurial kids and instilling financial literacy from a young age. They share personal experiences and practical strategies for teaching children about money management, the value of work, and the entrepreneurial mindset. The conversation emphasizes the need for open discussions about finances within the family and the significance of teaching kids to make informed financial choices. The Perssons provide insights on how to create a culture of financial awareness and responsibility in the household, ensuring that children grow up with the skills and confidence to manage their finances effectively.  Contact Jessilyn and Brian Persson | Weekend Wealth Investments: Website: weekendwealth.caInstagram: weekend.wealthFacebook: Weekend Wealth InvestmentsLinkedin: Weekend Wealth Investments Chapters00:00 Introduction to Raising Entrepreneurial Kids02:49 The Importance of Early Financial Education05:52 Teaching Money Management and Work Ethic08:46 Encouraging Entrepreneurial Thinking11:43 Understanding Value and Time Management15:01 Creating a Family Culture Around Money17:46 Practical Strategies for Financial Literacy20:40 Empowering Kids with Financial Choices23:41 Resources for Teaching Kids About Money26:47 Key Takeaways and Conclusion TranscriptJessilyn Persson (00:04)Welcome to the Life By Design Podcast where Jessilyn and Brian Persson, struggling to align your financial goals or confidently invest in real estate as a couple, Brian Persson (00:14)That's why we created this podcast and the Riches Relationships and Real Estate Program to help you build wealth and strengthen your relationship. Visit weekendwealth.ca to take our quiz and discover your real estate investor type. Let's create the life you deserve together. Jessilyn Persson (00:30)Today we're going to talk about raising entrepreneurial kids. In a world where financial literacy is more important than ever, raising entrepreneurial kids isn't just a trend, it's a necessity. By teaching wealth principles early, we equip the next generation with the mindset, skills, and confidence to build independence and create opportunities. So today we're going to talk about how you can start cultivating entrepreneurial thinking and smart money habits in your children. So we have obviously done this with our kids quite young. ⁓ And the reason we start young is obviously we know what kids learn young, they take with them as they get into teenagers and adulthood and what you can ingrain in them early on helps create more of a habit that they can continue with as opposed to not teaching them and then having them have to retrain or relearn when they're an adult. Brian Persson (01:29)Yeah, retrain or relearn. They're sponges, right, of information. They just suck it up. So why not give them the right information early on? I imagine anyone listening and ourselves could think about all the bad habits and things that we learned over the years and how long as an adult it takes us to break that. And some of them perhaps don't even go away. Jessilyn Persson (01:52)Yeah, well think about the money habits you had as a kid because of what you learned by watching your parents and we've spoken to this numerous times beca