How Your Money Wisdom Plants the Seeds for a More Prosperous Future

Oscar R. Mondragon

Posted on 04/18/2023

by Oscar R. Mondragon

How Your Money Wisdom Plants the Seeds for a More Prosperous Future

What if you could give any child in your life a brighter financial future without spending a single penny?

What if it only took the right words?

Believe it or not, that IS possible.

Talking to children about money now can pay off in a big way later.

And that’s true for “children” of any age – from kiddos in elementary school to adult children who have kids of their own.


Because talking about money is a way of sharing what you know about it.

And these talks can help children understand how money works and what can come up when it’s time to spend money – or earn it, invest in, or save it.

Yet, those talks aren’t happening as often as they could be.

That’s true despite the fact that most folks say parents should teach their kids about finance.

In fact, when it comes down to it, most parents rarely discuss money with their kids. And many folks say they never talk money with their children.

Maybe that’s why most Millennials and Gen Z-ers turn to social media for advice about money.

But they won’t find YOUR money wisdom there.

It’s easy enough to start a meaningful conversation about finance and share what you know if you know where to begin.

So, here are some simple, thought-provoking conversation starters to use with anyone age 8 and older.

If you have there in your back pocket – ready to go – you can easily kickstart a talk about money the next time you have the chance. And you could end up sharing some enlightening pearls of money wisdom in the process.

7 Inspired Ways to Start Talking About Money & Keep the Conversation Going

Saving money has allowed me to...

What have you accomplished because you’ve been able to save money?
What challenges did you face along the way and how did you overcome them?

Saving up for a life-changing purchases can be just one answer here, but it’s not only one. Retiring early or being able to give more to charity are also wins that can come from successful saving. Sharing these accomplishments can inspire younger generations to stay on track with their own savings goals.

When I'm deciding whether to buy something or save the money, I...

What do you consider and weigh when you’re not sure whether to buy or save?

Who do you talk to and how much time do you give yourself to make the decision?

Everyone’s different, so explaining how you make these decisions can help other figure out new ways to handle them. That can be especially true when it comes to high-stake purchases and challenging money choices.

If someone asks to borrow money from me, I...

What’s your go-to reaction when someone hits you up for a sizeable loan? And what have you learned from lending out money in the past?

What factors sway or dissuade you from lending your hard-earned money?

Whether it’s family, friends, or business, lending money can be tricky. And you my have more insights to share than you realize from your past experiences – good and bad.

If I could go back in time, I would tell my younger self...

What piece of money advice do you wish you had 10, 20, or even 30+ years ago?

How would that knowledge have changed your outlook, your choices, or your life?

As you dig into what you didn’t know you can open up about money mistakes and how your views or behaviors have changed since then. That can create a far more engaging dialogue and make a lasting impression.

One thing I regret buying is...

Which expenditures have stood out as mistakes and why?

How has your regret for those purchases changed the way you buy things now?

Most of us end up with buyer’s remorse at some time in our lives. Shining some light on that may help your kids or grandkids take a thoughtful pause the next time they feel the urge to make a purchase they could regret.

One thing I'm saving up to purchase is...

What big-ticket item or experience do you want to invest in next?


Sharing these goals can dial the conversation out to the long term. That can be motivating, and it may even help younger generations stop and think before their next impulse buy. This opener can also touch on your values and show how you spend money to support those values.

I am grateful for...

What truly enriches your life?

Which peoples, experiences, or tangible objects bring you joy? How do they make your life better? Money is important, but so are a lot of other parts of your life. Taking time to think about what you’re grateful for – beyond finances – can be extremely grounding. It can also put things in better perspective, especially when life hands us bigger challenges.

Even if they’re sensitive or challenging, money talk can be incredibly valuable.

Financial Lesson

Why Money Talks With Kids Really Matter & How to Make a True Impact

Have you used any of these conversation starters yet?

Which one will you try next (or first)?

The truth is that it doesn’t really matter whether you dive into a money talk using these openers or others.

What matters much more is getting that discussions about finance started  in the first place.

After all, talking about money can be hard for any of us, even when we’re talking to the folks we care about the most – including our children.

Still, these discussions don’t have to be painful, and they don’t have to create anxiety for anyone involved.

Even if they’re sensitive or challenging, remember, money talks can be incredibly valuable.


Talking about finance doesn’t just give you the chance to pass along hard-earned wisdom.

It can also inspire children – young and older – to make more prudent choices and pick up better financial habits.

In the big picture, these money talks can contribute to financial well-being and a much brighter future.

But it probably won’t happen after one money talk with kids.

The discussion about finance has to keep going to really make a difference.

And one of the ways to keep that conversation going is with the help of someone you trust. Schedule a consultation with one of our advisors today.





Risk Disclosure: Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results.

This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information.

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