{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F9fc277a9-2590-43cf-8cb4-0c47fbd60037","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"Are Your Finances on Track to Support Kids? | E79 Clifton Corbin","description":"I remember being so furious with my dad because I felt like I was the only 16-year-old in my friend group that paid for their own car insurance.\u00a0\n\u00a0\nLooking back now, I really appreciate him making me handle my financial responsibilities early on. Don\u2019t get me wrong I still take advantage of my parents picking up the tab at dinner or paying for the hotel on a family vacation but I pay my own bills and it makes me feel so empowered being financially independent.\n\u00a0\nThis was the first step toward my parents seeing me as financially mature.\n\u00a0\nMaybe you\u2019re someone who\u2019s been taking care of yourself since you were a teenager or you might feel guilty that your parents are still financially supporting you.\n\u00a0\nI\u2019m here to tell you there is nothing wrong with being a young adult and getting support from your parents. Life is expensive and I don\u2019t think it's a smart idea to rack up credit card debt to try to prove that you can pay for your own things.\n\u00a0\nAlthough the financial support might be nice, I know you want to be seen as mature enough to make your own money and handle it appropriately.\n\u00a0\nThat\u2019s what this conversation is about today. How do I move towards this goal without making a huge mistake? How do I gain trust from my parents?\n\u00a0\nMy friend Clifton Corbin is going to share some advice as he\u2019s gone through this journey himself. After making a mess of his finances in his early 20s by racking up debt and destroying his credit, his parents lost faith in him. Luckily, he turned things around and eventually earned back trust with his parents.\n\u00a0\nIf you\u2019re looking for what you should do and what shouldn\u2019t in your own journey, this is a great place to start. We also talk about how to stop trading your time for money, how to know when you\u2019re ready for kids, and how to maintain your identity whenever you become a parent.\n\u00a0\nIf you\u2019re a listener of the show and haven\u2019t left us a rating and review, we\u2019d really appreciate it if you did. And if you\u2019re new, welcome, sit back, relax, and let\u2019s learn something new.\n\u00a0\nI hope you enjoy my conversation with the basement DJ, PTA Chair, and Author of Your Kids, Their Money\u2026Clifton Corbin.\n\u00a0\nKey Takeaways:\nHow to stop trading time for money\nHow money scripts affect your risk tolerance\nWhat to do when you find yourself in credit card debt\nHow to cut the financial umbilical cord\nHow to know when you\u2019re ready for kids\nHow to maintain your identity whenever you become a parent\nGood parenting principles\n\u00a0\nMentions:\nMason Burchette on TSIR: www.tsirpodcast.com/71\n\u00a0\nMore of Clifton:\nThe Richest Man In Babylon by George Clason, Edited by Clifton Corbin: https://www.amazon.com/Richest-Man-Babylon-Illustrated-Revised/dp/1777869544\nYour Kids, Their Money by Clifton Corbin: https://books2read.com/YourKidsTheirMoney\nWebsite: www.cliftoncorbin.com\n\u00a0\nMore of Justin & The Struggle is Real:\nFind show notes and more at https://www.tsirpodcast.com/\nFollow us on Instagram at https://www.instagram.com/tsirpod/","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/cd37ce1e-5ec7-48c5-ac3a-6ebde2935f98/0-episode-cover-art-1-8zn4n.png"}