The Art of Allowance Podcast | Parenting | Families | Money Smarts | Financial Literacy

How can parents ensure the money conversations they have with their kids actually matter? Guest Tom Henske offers several strategies during his second appearance on The Art of Allowance Podcast. A leader in the financial industry for nearly three decades, Tom began his career in financial planning in 1994 with Cowan Financial Group. Shortly thereafter, he started his own company, Henske Advisors....

How do you patiently leverage an allowance system to communicate family values to a young child? As my sister, Kelly Mindell, is learning on her family's money-smart journey, the key is patience. Lots and lots of patience! The tables are turned during this special episode of The Art of Allowance Podcast, as Kelly peppers me with questions regarding her own program. But so this installment doesn't...

Just what does the phrase "The Art of Allowance" really mean? Welcome to another Art of Allowance Podcast short! I've been seeing and hearing a lot of opinions about why an allowance is good or bad out there on the interwebs. So I recorded this brief episode to give you a broader perspective about what an allowance is and why I believe the art of it matters. Please reach out to let me know what yo...

Just what is the metaverse? And how can parents and financial institutions take advantage of it? Brett Wooden joins The Art of Allowance Podcast to answer these all-important questions from the tech realm. Brett is currently the SVP of Innovation at FTSI and previously the Chief Operations Officer at a credit union in the Northwest. He was named the Northwest Credit Union Association's Young Credi...

How can developing an investor mindset in your children prepare them for financial success? Jedidiah Collins, my latest Art of Allowance Podcast guest, gives us a play-by-play description of how we can help our kids learn to act like investors. Jedidiah is a former NFL player who became a Certified Financial Planner®️ (CFP). He is also the author of the book, Your Money Vehicle , the founder of a...

How can you help your kids' wealth grow not only monetarily but also practically? James Robert Lay offers a framework through his concept of "non-monetary deposits." James Robert is one of the world's leading digital marketing authors, speakers and advisors for financial brands. Based in Houston, James Robert is the author of Banking on Digital Growth: The Strategic Marketing Manifesto to Transfor...

Are you worried about the quality of your family's money-smart journey? My latest Art of Allowance Podcast guest, Jessica Willis, is here to push you past your perfectionism paralysis! Jessica founded and currently serves as the CEO of Pocketnest, a financial wellness platform designed by and for Gen Xers and Millennials. A self-proclaimed finance wizard, Jessica has spent 20 years in the investme...

How do you ensure your kids are "ready for launch" and have some financial "skin in the game?" Let this episode of The Art of Allowance Podcast, featuring financial literacy advocate Bobbi Rebell, serve as your playbook! Bobbi is the author of a new book, Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart. She is also the host of th...

As with a plane's flight systems, we need all three major financial socialization systems operating effectively and with sufficient redundancy in order to best ensure our kids grow up money-empowered. Today's episode is a bit of an experiment. I've recorded an audio version of my recent essay, No Single Point of Failure. I hope you enjoy this as I plan to record more short episodes that I'll inter...

How can you cultivate an entrepreneurial spirit in your children? Kirk Drake offers tips and tricks for your kids' budding businesses during his appearance on The Art of Allowance Podcast. Kirk is a lifelong entrepreneur, an author, and the founder of CU 2.0 and the Painted Hills Credit Union Service Organization (CUSO). He is a credit union and technology enthusiast who has built ten successful b...

Ever wonder what it would be like to chat with the original Money Mammal? Then wonder no more! Eileen Lanza is a real estate investor and a Top Producer/Realtor with Keller Williams Realty in Los Angeles, where she lives with her two daughters and yours truly. Eileen and I co-created The Money Mammals, a program that gets kids excited about money smarts and which began our family's foray into yout...

Just how do you navigate an allowance system that is both digital and physical? Kennedy Reynolds will show you the way! Kennedy is the Chief Content & Education Officer at Acorns, a saving and investing app. She spearheads the company's education and impact initiatives, working to unite financial literacy and consumer decision-making and to make money tools mainstream for everyday Americans. Prior...

How can parents incorporate family values into the money conversations they're having with their kids? Robin Taub offers several strategies during her second appearance on The Art of Allowance Podcast. A Chartered Professional Accountant (CPA, CA) by training, Robin began her career at KPMG, transitioned into real estate and then landed in the complex world of derivatives marketing at Citibank Can...

Do you consider investing to be inherently complicated? Chris Browning just might change your mind with his "boring is better" approach. He is the host of the award-winning, short-form podcast Popcorn Finance and the call-in, money-advice show This Is Awkward. Chris was one of the first finance podcasters on the scene when he began producing content in 2017. His creation, Popcorn Finance, addresse...

What can we as parents do to empower our kids with money? Gayle Reaume offers several strategies, including encouraging entrepreneurship, promoting a "saving to invest" mentality and shifting financial decision-making power. A mom herself, Gayle founded Moolah U fifteen years ago to give kids a practiced understanding of financial responsibility. Moolah U has now served thousands of Austin, Texas...

What is the key to teaching money smarts in credit unions, families and schools? According to Courtney Moran, the answer is consistency. Courtney joined the Cornerstone Credit Union Foundation in 2004, becoming the executive director in 2009. Previously, she worked in the financial services industry in areas ranging from operations to marketing. In her role at Cornerstone, Courtney promotes financ...

What do a free lunch and a Roth IRA have in common? My latest guest (and clear contender for The "Metaphor of the Year" Award), Gene Natali, will enthusiastically educate you. Prior to serving as the CEO and CFA of Troutwood, a financial technology company, Gene spent 17 years working with large pension funds and institutional investors. He is an award-winning author who has key-noted investment a...

What are the keys to cultivating a culture of prosperity? Ellen Rogin has made it her life's work to educate, counsel and guide people to grow their prosperity and to use it as a force for good in their lives and in the world. The co-author of the bestselling Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality and a TEDx presenter, she has been quoted in such national publi...

How are our financial behaviors influenced by past generations, and what can we do to acknowledge our own money issues to become better financial role models for our kids? Enter Doctor Brad Klontz's concept of money scripts. Brad is an expert in financial psychology, financial planning, and applied behavioral finance. He's also an Associate Professor of Practice at Creighton University Heider Coll...

What are the criteria families should follow during the college search process? Author and journalist Ron Lieber outlines three key points and frames them in terms of the larger money conversation during this episode of The Art of Allowance Podcast. A father of two and a fan of family finance, Ron has been the "Your Money" columnist for The New York Times since 2008. Before coming to The Times, he...

How does "noise" pose a threat to our children's futures? On this episode of The Art of Allowance Podcast, Dr. Robert Reiher offers insight into the concept of "noise" and explains its relationship to cognitive development, marketing and self-control. From a background of over forty-five years of product and program development as well as Media, Developmental and Educational Psychology, Rob has in...

Does the tried-and-true three-jar system have room for two additions? Robin Taub makes the case for "Earn" and "Invest" to join the traditional "Share," "Save" and "Spend Smart" jars during this episode of The Art of Allowance Podcast. Robin is a financial writer, speaker and consultant. A Chartered Professional Accountant (CPA, CA) by training, Robin is also the best-selling author of Raising Mon...

Is it possible to protect our kids from rampant consumerism in a social media age? Josh Golin, now Executive Director of the Campaign for a Commercial-Free Childhood (CCFC), has many recommendations to protect kids from both the obvious and subtle pitfalls of materialism and social media. Josh found his calling as a CCFC intern in 2003 and has been with the organization ever since. Most recently,...

Just how strong is the relationship between a person's physical and financial health? Dr. Barbara O'Neill will gladly fill you in. Barbara is a Certified Financial Planner as well as the owner and CEO of Money Talk: Financial Planning Seminars and Publications, an outlet through which she writes, speaks and reviews content about personal finance. A Distinguished Professor Emeritus of Rutgers Unive...

Ashley Whillans is my first returning guest! Ashley is a self-described "time nerd" and an Assistant Professor at the Harvard Business School in Negotiations, Organizations and Markets. She has a forthcoming book, Time Smart — How to Reclaim Your Time and Live a Happier Life, that will feature prominently in our discussion.   Ashley received her Ph. D. in Social Psychology from the University of B...