In this episode of FI for Kids, host Dominic DeLaquil speaks with financial coach Julia Carlson about her journey to financial independence and the lessons she learned about money from her parents. Julia shares her experiences with money, including the realization that chasing wealth can lead to emptiness. She discusses the pivotal moment in her life that changed her perspective on money and led to the creation of her book, “Money Loves You – Transform Your Relationship with Money and Grow Your Wealth” The conversation covers the importance of understanding one's money story, the anti-budget approach to financial management, and the concept of financial seasons to help prioritize financial goals. In this conversation, Julia Carlson and Dominic DeLaquil explore the importance of financial empowerment, focusing on the mindset surrounding money, the significance of open discussions about finances in relationships, and the necessity of teaching children about money management. They discuss practical strategies such as the 90-day financial snapshot and the concept of money as both a mirror and an amplifier of one's values and intentions. The conversation emphasizes the need for consistent financial education and community outreach to foster a healthier relationship with money.
Takeaways
Julia learned about money from parents with a healthy mindset.
Money was seen as a tool, not a source of conflict.
Chasing money can lead to feelings of emptiness.
A pivotal moment in Julia's life changed her perspective on money.
The importance of understanding one's money story.
The anti-budget approach allows for flexible spending.
Financial seasons help prioritize financial goals.
Giving and receiving are essential in financial relationships.
Mindset around money affects financial success.
Intentional spending leads to financial independence. Energy goes, our focus flows.
The importance of commitment in financial goals.
Healthy money conversations reduce strife in relationships.
A 90-day focus can lead to significant financial progress.
Documenting financial journeys can show long-term growth.
Money reflects the attention and intention we give it.
Good stewardship of money leads to freedom from attachment.
Teaching kids about money is crucial for their future.
Community outreach is essential for spreading financial literacy.
Practical steps can lead to a healthier money mindset.
Sound Bites
"I learned those when I was younger."
"Money as a symbol of my worthiness."
"I had to unwind that."
"My future self is important."
"Energy goes, our focus flows."
"Money is a tool, right?"
"We want to teach kids about college savings."
"Spend time with your money."
Episode links:
https://www.thejuliacarlson.com/
https://www.instagram.com/thejuliacarlson/
Book: Money Loves You Transform Your Relationship with Money and Grow Your Wealth
Music: https://www.reverbnation.com/douglascameron
Sponsors:
https://singletonfoundation.org/
Chapters
00:00 Introduction to Financial Independence for Kids
00:34 Lessons from Childhood: Money Mindset
02:58 The Pursuit of Money vs. True Fulfillment
06:14 A Life-Changing Wake-Up Call
08:11 The Birth of 'Money Loves You'
11:14 Transforming Your Money Story
12:37 The Anti-Budget Approach
19:00 Understanding Financial Seasons
21:45 The Power of Focus and Commitment
22:59 Healthy Money Conversations in Relationships
24:39 The 90-Day Financial Empowerment Snapshot
26:28 Long-Term Financial Progress and Consistency
27:23 Money as a Mirror and Amplifier
31:15 Teaching Kids About Money Mindset
36:35 Community Outreach and Financial Literacy
40:44 Actionable Steps for Financial Empowerment
Keywords
financial independence, money management, teaching kids about money, rule of 72, investment strategies, financial literacy, wealth building, financial literacy, money multiplication, investing early, financial independence, wealth building, financial education, family finance, investing, financial planning, parenting, community engagement, investing in kids, future generations, parent kids passions, financial freedom, financial stability
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