Research tells us we have formed our habits and values around money by the time we are 12 years old. But we can teach an old dog a new trick or two.
I was reading this week a post from a friend who had an idea for a Money Circle (a gathering of women who talk about money) that I had never thought about before: a mother/daughter event. What money advice would mothers talk to their daughters about? What things do they wished they knew when they were their daughters’ ages? Now that would be a fascinating conversation, and one that would extend beyond one session.
So if the lessons come from their peers and their peers’ mothers, might it have value, rather than a preaching session from their own moms? We may be on to something here. Why not share the valuable experience of age with those who are younger and bound to make the same mistakes?
This Circle is designed to help facilitate a conversation, not teach basics of finance. That’s for another time and place. But the age-old idea of telling stories which teach a lesson has withstood the test of time. Let’s start telling some of our own stories so our daughters will not have to learn the hard way.
If you are interested in one of these Money Circles, please contact me at email@example.com.