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  • Writer's pictureJoe Woodhouse

Stop Hiding Your Bank Balance

Stop hiding what you’re earning.

99% of people that I speak to, hide their bank balance from their kids.

They don’t want their kids to know what they’re earning and spending - like it’s a big family secret 🙄

Here’s why it’s a problem:

If money is always seen as a secret, this behaviour will be passed on to the next generation.

Secrecy breeds shame, and shame breeds poor self-esteem.

And I don’t know about you, but I’m yet to meet a high-achiever with poor self-esteem.

Regardless of what you earn, don’t make money a secret and instead talk to your kids about it.

They should know:

How much you make

What expenses you have

How you invest your money

And how you save for bigger purchases

The more they know = the more empowered they will be when they start managing their own pocket money.

What’s your opinion?

Keep it a secret or not?


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