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Start money conversations with children early and often
“Honestly, I grew up in a house where money was taught all the time. My father was a CFO and an accountant and my mom was just really frugal. They had five girls and so they taught us about money just all the time and I became the go-to person for all of my friends when it came to, well, how do you save this and how do you budget that? Because I grew up in a house where that was just the norm.”
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Leverage existing skills to transition into new careers
“While I was teaching preschool, I was showing my staff, I was showing parents, maintenance people used to come in. I was showing everyone how to budget and save money during my break. It got to be so popular that during nap time, because the kids would sleep for about an hour and a half a day, I would have parent university and the parents would come in and I would teach them how to budget. So it was a natural transition.”
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Community support is essential for financial behavior change
“And about 9,000, a little over 9,000 of those women have joined the Facebook group and every day for 24 hours a day, they give each other support, they answer questions, they hold each other accountable. I mean, it is amazing. And to me, that's the magic sauce of the Live Richer Challenge is that you get the support group of 9,000 women worldwide helping you.”
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Women are more open to admitting financial ignorance
“I find that women are far more open, because I teach, my first love is really teaching. So I do a lot of classes in person. So women are far more open about saying, I don't know. Because especially in America, we've grown up in a society where it's okay for women not to know how to manage money, because there's not an expectation there for them to know. But men are usually a little bit more afraid to admit that they don't know, because the gender expectation is that they should know.”
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Prioritize life experiences over mindless daily spending habits
“So my top financial philosophy is really live richer, which is to purposefully and passionately pursue your ideal life. So money to me is just a tool to that. Living richer is so much more than money. Like what does your life, what do you want your life to look like? I want you to pursue it with purpose and passion and to use money as one of the tools to get there.”