Episode 14: Generational Poverty Is Child Neglect? The Truth About Money & Parenting | The 7th Cents Podcast

In this thought-provoking episode of The 7th Cents Podcast, hosts Coach RL Simmons and Money Mike Macklin explore the powerful connection between financial literacy, parenting, and the long-term impact of financial neglect. This conversation dives deep into how parents can shape their children's future through intentional financial education, and why many adults are still battling the aftereffects of poor financial upbringing.

Together, they unpack the societal and systemic issues that contribute to generational money struggles, and offer real talk about how fear—whether of success or failure—can silently destroy progress. If you’ve ever questioned the role of parenting in financial wellness or wondered how to break free from inherited money mindsets, this episode is for you.

Key Takeaways:
• Financial literacy is crucial for children's future success
• Parents must take responsibility for their children's financial education
• Systemic issues contribute to financial neglect
• Access to the right information and community is vital for financial growth
• Fear of failure and fear of success both hinder financial progress
• Adults often reflect the financial neglect of their upbringing
• Our relationship with money shapes our behaviors and beliefs
• Teaching kids about money is essential for their independence
• Reinventing yourself is necessary to break the cycle
• Continuous learning is the key to overcoming money challenges

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Keywords: Financial literacy, child neglect, financial responsibility, generational poverty, financial education, personal finance, money management, parenting, wealth building, financial coaching