The Family Economy Plan

As parents, we want to provide for our children. But do they understand the effort and sacrifice you make for them? Do they understand how to earn something for themselves?
In this video, Ryan G. Wright introduces the Family Economy Plan, a model for coaching your children in money management and the value of hard work. Money is a topic that can be difficult to talk about, but it's important that we start teaching our children about it from a young age. The Family Economy Plan is a model that can help us do just that. We'll discuss the plan, its importance, and how to implement it in your family. This will give you the tools you need help your children learn how to manage their money wisely!
00:00 Intro
00:54 The Entitlement Trap
02:50 The Family Economy
03:40 Overall Concept
09:43 Rules/Laws
14:37 Quality Control
17:45 Adaptability
19:06 Spending the Money
27:19 Savings/Investment Match
35:17 College Tuition
38:21 Family Activities
39:05 Paydays
41:18 Money Management
45:37 Budgeting
46:38 Banking
49:35 Chore
01:00:41 Savings
01:03:03 Recap
01:04:48 One Last Thing…
Family Economy Rules:
docs.google.com/document/d/1e...
Tracking Sheets:
docs.google.com/spreadsheets/...
=====================================
🏠 Learn how you can make money flipping properties with us:: www.theinvestorsedge.com/lear...
=====================================
About The Investor's Edge:
House flipping and real estate investing can be challenging for first-time real estate investors, and that is why The Investor's Edge was created. We excel in not only providing funding for your real estate deals, but we give our members tools, software, contracts, and expert help to be successful. Whether you want to do fix and flips, wholesale deals , or rental properties, The Investor's Edge is here to help you accomplish your goals!