Dads are known to be their families’ providers. We’ve tackled in the past episodes how dads can make a difference in their children’s lives by working on emotional, mental, spiritual, and physical growth. Today, we’re going to delve into the world of finances. Lance Belline, the founder of Lighthouse Financial, financial advisor, author, and father joins Cam to share how he mastered managing his finances from childhood and how he’s imparting to his kids and clients all the financial lessons he’s learned from his journey. If you want to be one of those dads who aim to break the cycle of poverty and debt and build lasting generational wealth for your kids and future grandkids, this episode is for you.
"I think it's important that if kids are given a responsibility at home, that they receive a payment for that and then they also don't receive a payment if it isn't done well.” - Lance Belline
In This Episode:
- Lance shares what makes him view money differently from the rest of us
- The value of pursuing long-term goals versus giving in to immediate gratification
- After all the planning and growing wealth, find out what Lance realized which he considers to be his first AHA moment when it comes to finances
- Learn about the 3 categories of wealth
- Discover the secret of compounding wealth
- How to teach the kids about money management at a young age
- Tips for dads about managing and teaching finances at home
- Learn how to give tough love on money and teach your kids how to hold a standard
- How dads can model financial stability in their homes
- Where to start when you want to help someone manage their finances
Resources Mentioned:
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