Is it inevitable that my kids will
control my finances?

At a young age, Stacy’s mother taught her to invest, and the money she made from her portfolio allowed her to pursue her passion for rescuing animals. In this episode, Kathleen interviews Stacy about her belief that parents should empower their children from a young age to invest in the stock market and how it is inevitable that your kids (or the next generation) will control your finances as you age.

Key Take Aways:

1. Women are great financial role models. Stacy’s grandmother and mother were skilled investors and passed this talent down to her. Learn how Stacy plans to pay this gift forward.
2. Allow teenagers to practice investing. Many experts encourage parents to wait until their children are in their mid-twenties to discuss their inheritance. Stacy thinks this is a big mistake and wants parents to know that practicing these money skills is important while the kids are still live under your roof.
3. Stay open to ongoing money conversations. Stacy grew up in a family that broke money silence early and often. She shares how she has money conversations with her children and how even when it gets a tad uncomfortable she thinks it is for the best.

Stacy LeBaron has been involved in animal welfare for over 20 years. She currently hosts a three-day-a-week podcast called the Community Cats Podcast  where she interviews nationally and internationally renowned experts helping with the problem of cat overpopulation and cat welfare. Previous to starting the podcast, Stacy served for 16 years as the President of the Merrimack River Feline Rescue Society and under her leadership, the organization assisted over 105,000 cats and kittens through a variety of innovative programs.

An expert in her field, Stacy is a current member of the Shelter Medicine Committee at the Cummings School of Veterinary Medicine at Tufts University, Advisor to the Massachusetts Animal Coalition, Vice President of the Board for PAWSitive Pantry in Vermont, and committee member for HubCats Chelsea. She serves as the current administrative trustee for the LeBaron Foundation and now lives in Vermont with her husband, son, daughter and two cats.

Show Notes:

• Learn more about Stacy LeBaron