I first heard Vince Scully speak on a My Millenial Money podcast and was nodding all the way through. I had to know more about him and so hopped onto Google and went down the rabbit hole for a few hours.
His current creation, LifeSherpa, is an online financial literacy & adviser site, which is excellent and for all ages. So much information to assist at every stage of life and learning. On the Life Sherpa website you can request a ‘discovery session’ and I was lucky to get Vince for the meeting.
I thought it would be a good way for me to recap books and knowledge I have come across to share with you, and hopefully make it stick more for me to apply too. I will take the parts of the book that really resonated with me and explain how I am applying them into my life. I will also touch on the areas of the book I am not so sure about.
I had read The Barefoot Investor a few years ago and have since bought it for a few people that I care about, hoping they use the guidelines to help them in their financial journey. I am excited to say that my husband has been listening to the audio version these last few weeks, and it has been great to hear his comments and take-aways. He doesn’t do much on our finances, but this book helps him understand the effort and passion I have been tasking myself with for a long time. It also helped me, getting a recap of the book with fresh ears!
This is such a hot topic and there is no right or wrong. At the end of the day, it is what you feel is right for you and your kids. I have learnt along the way our children are so much a part of us but more importantly, they are their own ‘being’ and we can only guide and nurture them into the wonderful human beings they will become. It’s so hard to not ‘just do’ for them OR give them ‘what I didn’t have when I was a kid’.
I believe there is a fine line between giving so that they have an advantage going into adulthood AND giving them too much so that they have no sense of the value of money, no sense of delayed gratification and poor financial literacy.
In today’s post I would like to explore and delve into different areas that I have tried to develop with my kids (sometimes they listen and ALOT of times they ‘don’t’ seem to be listening 😊 … teenagers. I persevere and hope even 10% sticks). Even if you don’t have kids, I encourage you to think of someone you know that could benefit from this post and share with them. Give the gift of knowledge.