Two Conversations About Money

Here are two tips for helping your children build healthy paradigms about money:

1. Replace “We can’t afford it.”

This phrase (and the belief it expresses) sets up a paradigm of being powerless with regard to money. On the other hand, if you frame it as a choice, such as, “I’m not going to choose to spend my money on that today,” you take your power back.

Sometimes you actually can afford it, you simply don’t want to spend your hard-earned money on the trivial or useless thing your child is asking you to buy. If you say, “We can’t afford it,” you are wasting an opportunity to say something that proactively builds a better paradigm about the relationship between values and money. More on that in a bit …

Even if you truly cannot afford it, saying that over and over to your child builds a disempowered model in their head of your family’s relationship with money. It communicates that you are never in a position to...

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