Value Creation Family: Teaching Kids Real Money Skills

In this episode, Loral sits down with Lee Benson to unpack how to build a value creation family and why traditional financial education is failing the next generation. Instead of relying on schools, Lee explains why families must take ownership of teaching real-world money skills at home.They dive into the difference between financial literacy and competency, and why a value creation family focuses on applying money skills like earning, budgeting, saving, investing, and sharing in everyday life.Lee shares how turning the family budget into a team sport transforms how kids think about money. From six-year-olds understanding spending decisions to teens learning investing principles, a value creation family creates hands-on experience instead of theory.If you want to raise kids who understand money, contribute to the world, and build wealth intentionally, this episode will show you how to create a true value creation family.Loral's Takeaways:Lee Benson's Early Life and Business Journey (00:04)The Evolution of Gravy Stack and Holistic Value Creation (05:02)The Role of Schools and Parents in Financial Education (09:41)Financial Literacy vs. Financial Competency (14:36)The Value Creation Family Book and Community (19:24)The Importance of Struggle and Resilience (23:56)The Role of Technology and Apps in Financial Education (28:28)Meet Lee Benson:Lee Benson is an entrepreneur with eight successful companies under his belt and multiple high value exits, including Able Aerospace’s nine figure acquisition by Textron Aviation. Today, as the CEO of Execute to Win and Dinner Table Family, he challenges leaders, students, and families to rethink how they measure success and focus on value creation.Connect with Lee: dinnertable.com/loral Meet Loral Langemeier:Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment.Links and Resources:Ask Loral App: https://apple.co/3eIgGcXLoral on Facebook: https://www.facebook.com/askloral/Loral on YouTube: https://www.youtube.com/user/lorallive/videosLoral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/Money Rules: https://integratedwealthsystems.com/money-rules/Millionaire Maker Store: https://millionairemakerstore.com/Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/Integrated Wealth Systems: https://integratedwealthsystems.com/Affiliate Sign-Up: https://integratedwealthsystems.com/affiliatesThanks for listening!Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page.Do you have some feedback or questions about this episode? Leave a comment in the section below!Subscribe to the podcastIf you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe from the podcast app on your mobile device.Leave us an iTunes reviewRatings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.