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Money Lessons Rich Parents Teach Their Kids

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Join Ken in Dallas for the Limitless Expo conference. Use "KEN10" to get 10% off: limitlessexpo.com
In this video, Ken shares the three essential money lessons I teach my kids to set them up for financial success.
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Опубликовано:

29 авг 2024

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Комментарии : 70

@KenMcElroy Месяц назад

If you found this video valuable, consider sharing it with your children. These money management and entrepreneurship lessons can make a big difference in their future

@TokyoTaisu Месяц назад

Thank you so much for helping my children Ken. You could be on a boat with 25 Russian girls all day, yet here you are. Thank you!!

@vals.1908 Месяц назад

If I manage to raise my son to be like Trump, it will be the biggest failure of my life.

@TokyoTaisu Месяц назад

@@vals.1908 Trump's true dream was to become a Hollywood movie director and work in the creative arts. I believe he regrets going into politics. If your son has a dream and he gets diverted then please do course correct. Life's short and precious.

@nicksetudeposturale270 Месяц назад

Being an involved Dad is such a huge privilege, though it’s often quite lonely. Thanks for the concrete examples 🙏

@poonekar Месяц назад

When my son was 15 he wanted a $2000 gaming PC. I gave him $200 and said if he grow it to large enough amount he could buy the PC. He started buying rare/ limited edition shoes for $110-120 and sold them for $150-200 on facebook marketplace. He did that until he grew it to $1500. During that time he also bought all the computer components during 4th July or thanksgiving sales and 14 months later built his own PC.

@robertruschak7083 Месяц назад

@hp7639 21 день назад

he should have kept going.

@poonekar 21 день назад

@@hp7639 he is still going. He is 18 now with a net worth of almost 20k invested in the stock market. He plans to use it to buy his first multiplex at 22 and live in one and rent out the rest.

@poonekar 20 дней назад

Yes@@hp7639, he has been. He’s 18 now with two side gigs and a 5 figure stock account.

@mishajava 6 дней назад

He wanted to be a programmer, now he's a salesman :D

@_4le Месяц назад

A commonality between the wealthy is that they love talking about money. My friend, you speak my language. I’m 18 now and I’m soaking up everything like a sponge. Thanks for providing value 🙏

@ashc001 15 дней назад

I came across your RU-vid Channel last month and have enjoyed learning from you! As a father of 7 children ranging from age 24 down to 6, I came across this video and decided to purchase the Cash Flow (Age 14+) game to play with our family. The first time we played it two weeks ago, it was me and my wife, our 22 year-old daughter and her husband, and our 11 year-old daughter (oh, and our 6 year-old was hanging around watching us too and even boldly declared, "I'm not paying taxes!"). Anyway, it was so much fun to hear our 11 year-old make statement like, "This stock price is too high, I'll wait until a better opportunity comes along" that we played the first time for nearly 4 hours! Last Sunday, the rest of the family joined and it's becoming a regular family activity. Thanks for the recommendation!

@tressacramer9192 Месяц назад

My 17 and 18 year old sons are coming with my husband and I to Limitless. Can’t wait.

@EstherRoss-gm8qv Месяц назад

Many people wish to see their kids further brighter than their own but also don't necessarily force it upon your child.

@billze9927 Месяц назад

In as much majority of them are still successful, the kids have little or nothing to do, cause they can choose to grow it or maintain it.

@MichealMadu-vp7ll Месяц назад

It's like they have a secret formula! There must be more to it than just having money.

@billze9927 Месяц назад

I read about how CFA also help and teach their kids at a young age. This name "AARON MORGAN BELL" caught my attention.

@EstherRoss-gm8qv Месяц назад

That's a smart idea. A financial advisor could give advice on saving, investing, and even starting businesses.

@EstherRoss-gm8qv Месяц назад

I looked up his name on Google and saw his site. It turns out he is very good and gives professional guidance. Complex financial concepts could be easier to understand.

@johnmm777 Месяц назад

More of this for the kids, please

@nathankleemann6421 Месяц назад

Ken you’re an absolute legend mate! Watching all the way from Australia

@LouisDillard02 Месяц назад

Teaching kids through real-world projects and games like Cashflow seems like the way to go. Practical skills beat textbook learning any day!

@RyanHoltz 24 дня назад

LOVE this! My kids are really young, however, I have started having them being part of our business and associating their “toy wants” with a dollar value that is attached to a task they can do. It is powerful! Now my son asks about our rental properties and wants to know everything. He is 7. You are right….so much of parenting is caught and not taught 🙏🏽🧡

@melvinlandry8962 Месяц назад

Excellent video. I’m listening to this podcast with my 9 year old son in the truck right now‼️👊🏾

@bmwe-jc5mr Месяц назад

Hi Kent!I love your videos and your teachings!Gabor from Hungary.

@FliptitMatt Месяц назад

I absolutely love your channel Ken!

@TheFamilyFirst08 Месяц назад

Thanks, Ken. It was great meeting you in Orlando at Rebel Capitalist Live. I only wish that I could have spoken with you longer.

@eloymartinez3727 Месяц назад

Thank you Ken.

@Prohortico Месяц назад

Homeschooling… it’s the best. My kids work with me doing Amazon FBA wholesale and as I’m developing my own products… I’m also part of a mastermind of other sellers, and one of the other families also homeschools. Their 16 yr old son is graduating college with a diploma this year, before he even graduates high school!! Public school can be such a waste of time.

@nicholasjackson8782 Месяц назад

lmao and they'll probably graduate with a 3rd grade reading level 😂

@Prohortico Месяц назад

@@nicholasjackson8782 I guess you didn’t actually read the post. Kid is literally Graduating university at 16 years old with a business degree. Doubt all you want - doesn’t change reality, but yes, some homeschool families fail miserably at it. Look up John Taylor Gatto, might help with some perspective.

@Prohortico Месяц назад

@@nicholasjackson8782 college business diploma… 16 years old… also, my oldest is 13 and devours full adult reading level novels and WW2 biographies. Look up John Taylor Gatto for some reference- educate yourself before forming an opinion on something you don’t know about.

@jonathanthink5830 Месяц назад

Excellent video. Thank you for sharing.

@SloNube Месяц назад

I love this

@azdbuk Месяц назад

Nice. I need to use that board game for me. BTW, also teach kids to read, I mean really read. Few can read a novel or a book of any substance or density anymore it seems. These lessons are about accruing wealth which is great, but learning values, lessons in history of US economy, world economy, US history, U.S. forefathers writings, arts/sciences, etc...these are important too. Being a money accrual machine is great, but people need to see the bigger picture too. Kids need to know why there is even a platform in which they actually can accrue wealth. They also need to travel, need to be a stranger in other places, and learn a foreign language or two. Just imo. We can get so myopic as if accruing money is the single indicator of success. Then one can think, "because I have accrued wealth, I must be smart, and because I am smart, any opinion that I have comes from a smart person, and therefore, I am a source of truth regardless of how well informed I am in other areas" This is a bit trite I know, but it seems like all my well healed friends think they are experts in every field since they nailed finances.

@mikegans3993 20 дней назад

Great video!

@shanenolan085 Месяц назад

Well said, Ken 💰

@MomoOlivanguema Месяц назад

The first comment was mine 😂😂😂❤

@davidallen2682 Месяц назад

Connections, it’s all about who you know. You don’t go to Harvard or Yale for the education, you go for the relationships.

@Lululal1234 Месяц назад

This is damn right. ❤

@dhowto3005 Месяц назад

Thanks!

@claudiadiarte5309 Месяц назад

Best video EVER!!

@daniel.domala Месяц назад

❤KIDS ARE ASSETS❤️

@robertruschak7083 Месяц назад

If you have kids, then teach them the cash flow game as soon as possible and they might end up as a billionaire EBITDA ✔️

@gordonmack7766 Месяц назад

Tips to success: Have a rich dad who lives in a golf course. Knew I was doing something wrong!

@afrivox Месяц назад

I often think of joining a golf club but then I think it would be an expensive and boring hobby. Are they really that good ?

@Jewtopia79 Месяц назад

I thought you and Daniel (sp?) didn't have any kids.

@TheTexasTyrant323 Месяц назад

Most parents are so stagnated they won't even put themselves in the right room, much less give their kid the opportunity

@oscaravalos7573 26 дней назад

Thanks god bless you!!!

@user-gm1gh8de17 6 дней назад

Если все будут только продавать, то не останется ни врачей, ни спасателей, ни строителей, ни инженеров.

@a55tech Месяц назад

some was pretty scammy lol

@christschool Месяц назад

This guy is NOT a billionaire. He is a grifter.

@RD-zq7bp Месяц назад

I’ve actually been wondering that lately. How do we check?

@KenMcElroy Месяц назад

Do your homework. 😉

@afrivox Месяц назад

I thought so, from the first few minutes when he started to suggest playing cashflow and monopolies as way billionaires teach their kids. Which billionaire really ?

@billsharp7552 12 дней назад

He co-owns the MC Companies…very smart and very wealth guy

@bodrulalamsheikh7270 28 дней назад

Why use pictures Elon Musk?

@davidmann2524 Месяц назад

Lol expensive private schools and networking....life is much less a meritocracy than people want to believe....people are often picked for things that have nothing to do with talent.

@1est1 Месяц назад

Never was a meritocracy and never will be, but youre more "lucky" if youre more capable.

@customhomebuilder Месяц назад

Good advice Ken. Word of advice: you should remove the thumbnail image of the 'Grifter in Chief' and bankruptcy King as he certainly cannot teach anyone about hard work, business integrity and leading by example.