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Natalie Slagle  00:00

I also think how the parents interact together around their own finances is extremely impactful. When we ask our clients, hey, tell us about what money was like growing up, they often reference how their parents handled money together, more so than how their parents handled money with them individually. So I think how the parents how their values are intermixed with the decisions they make, is being watched very closely by our children, and our children will remember that.

Natalie Slagle  00:42

Welcome to money dates, the podcast that makes money conversations with your partner feel a little less taboo. I'm Natalie Slagle, a certified financial planner, and I'm joined by my husband and business partner, Dan Slagle, also a Certified Financial Planner. Say Hi, Dan, hello. In each episode, we'll share honest stories and practical tips to help you and your partner feel more connected and confident on your financial journey. So grab your drink, get comfortable and join us for our money dates.

Dan Slagle  01:12

Hello, Dan, it's always fun to come back to the podcast room and have just be the two of us after having some guests. Not that like, I love having guests, but this is our money date today.

Natalie Slagle  01:24

Ooh, cute. It is our money date. And I can't believe it's already April. It's April when we are recording this, and it's going to be April when this comes out.

Dan Slagle  01:33

Wow. Waited to let the listeners know that we are not ahead of the game at all.

Natalie Slagle  01:37

I know some podcasters are, like, months ahead, and we're like, um, that's not our how we do things, but then that we can be a little bit more current, because tax season is over for those who have filed by the 15th.

Speaker 1  01:51

Oh, thank thank goodness. Right. No one left.

Natalie Slagle  01:54

Yes, it does. It gets a little busy for us, and this was the first year that our firm offered tax prep services to our clients. So exciting. My dream came true. I've always wanted to incorporate tax prep into what we do since we do tax planning throughout the entire year for our clients, and now I can actually see what all of our hard work. You know how it comes to fruition? It's it's a really exciting time for those

Dan Slagle  02:21

who Yeah, and tax season doesn't just end on April 15, right? Like the next wave of our client meetings we're doing mid year tax projections and tax planning to help clients identify opportunities to whether it's to save on taxes to take advantage of certain certain strategies given their tax brackets, right? There's even though tax season is officially done April 15, unless you, of course, you file an extension, there is still a lot of work to be done for 2026 to set yourself up come April 15 of 2027, so it's just like it's a revolving door. It never ends.

Natalie Slagle  02:56

No, it doesn't. And I believe our newsletter is going to talk about. You know what you need to focus on now that tax season is over. So if you're not on our newsletter yet, you should be, because we address all these things, whether you're a client or not. So get on our newsletter. Www, dot Fyooz financial.com/sign. Up. Anyways. Let's get to the topic at hand, which I love. What the title is for this, because I think it hits home for a lot of our listeners, and certainly our clients and for us the high earners problem, are we spoiling our kids?

Speaker 1  03:37

Ooh, that's a loaded question. It is a

Natalie Slagle  03:40

loaded question, and which is why we're going to have a whole podcast about it. Dan, what like comes to mind when you hear that the high earners problem? Are we spoiling our kids?

Dan Slagle  03:52

Well, we only have kid singular as of right now for us, right so we do work with a lot of high earners, as you mentioned. And one thing we hear surprisingly often is is some version of like, I don't want my kids to turn out entitled, right? And we're gonna get into that today. You know, I feel like you and I have occasionally had our own moments that made us realize this is something that we need to be intentional about.

Natalie Slagle  04:17

We'll get into it a little later. Yeah, let's get into it a little later. But it's so many feelings here, so many feelings. So why is this uniquely hard for high earners? Why do you think? Dan, well, I

Dan Slagle  04:30

think it's uniquely I'll call it uniquely hard. I'll use your words, because high earners often have the ability to afford the option to say yes, like they can always afford to say yes if their children are asking for something, for example. So saying no is is a choice. It's still a choice, not necessarily a necessity, right?

Natalie Slagle  04:58

Like, just because. I can afford this doesn't mean I need it or you need it, child, I was thinking that the other day, what? What were we do? Oh, so we give our our daughter prune juice a lot, and sometimes she doesn't drink at all. And my I'm like, I'm so sick of dumping whether it's milk or juice down the drain. The other night, I dumped the prune juice she didn't drink in a cup, and then I put it in the fridge because I had to switch her we should maybe get more than one cup. I had to switch her cup from being filled with juice to being filled with milk. But I was like, I don't want to dump this out. And literally, the thought came to me, I can afford to dump this out, although the prune juice we get is expensive, but I can afford to dump this out. And I was kind of proud of myself in that moment, because it was exactly what you're talking about, Dan, but I'm going to choose not to, even though I can afford to dump it out. And I know this really small example, but it's like these micro decisions of I want our daughter to see us actively choosing a response or a purchase, not because it's about affordability, but it's about values and premise and things like that.

Dan Slagle  06:16

We're talking about spoiling our children, our child and and your big sample is, is prune juice, saving prune juice. That's ridiculous.

Natalie Slagle  06:25

It's time, but it literally just happened. Okay, Dan, spoiled, I want to hear your definition like, what does spoiled mean to you?

Dan Slagle  06:36

Spoiled? That's a really good question. Can I just use our old friend Merriam Webster, fine, okay, fine. I'm going to read what's the definition of spoiled is to impair the disposition or character of by over indulgent or excessive praise. B to pamper excessively. Semi colon, coddle. Okay, that was gibberish. So what I'm taking from that is, you know, and then there's like hyperlinks to other words. I think that's why they kind of do it. But anyway, so I think what I'm taking from that is like pampering someone, and this instance, our child, in a way that maybe changes or alters their character.

Natalie Slagle  07:21

Yes, that's deep. Well, maybe I'm a deep person, okay, okay, that's your definition. Great. Okay, so something

Dan Slagle  07:31

that's, hold on, hold on. That is not my definition. I very i clearly cited Merriam Webster, I know, but I thought I came up with that, with that definition. Okay, for me, what does, what does spoiled mean? It's still a hard question, because when I think about the word spoiled, it's usually some after effect of something that has happened that, yeah, that's a good point, right? And the after effect to me, if our daughter did something and I the initial thought was, Wow, she spoiled it. It like leads to a sense of, like entitlement after something has happened. Yes, that's how I think about it. How do you think about being spoiled?

Natalie Slagle  08:10

I think it's just as simple as not appreciating the value and the work behind something. Just simply a lack of appreciation, whether that's the money, what it took to earn that money, to buy it, I think that when I think of someone being spoiled, but it's not always money, like sometimes people I know, my mother listens to this podcast, so mom throwing you under the bus, wee, wee, it's making her smile already. I can feel it. But my mom will joke, and she'll be like, Oh my gosh, truly, parents of only one kid, you two just spoil her. But she always means it with, like, the coddling and not financial. And she's like, oh, you know, porch, you know, like our daughter is maybe crying, she needs mama or dada, and it's, I'm like, What am I gonna do? And my mom's always poking fun. She's not serious. But it made me think spoiled isn't always financial related. It could be how we act towards someone else. And I think for the purposes of this podcast and this episode, obviously we're going to talk about the financial aspects of spoiling our children, but I think it can also come out in how we parent, yeah, and I

Dan Slagle  09:35

think it's a word that gets thrown out in the example you you provided. You know, I think it's a word that can just be used without giving any true thought into especially like children, yes, right? And like bad maybe, and will associate the word spoiled with negative behavior, it leading to some sort of bad behavior. You know, as I think more about this, the reality is, our daughter is almost two. She's communicating. Not in full sentences yet. I think maybe you we would feel the sense of being spoiled more if our child was at us at an older age where it was very easy to show that entitlement or to show that lack of what will associate maybe like a work ethic or gratitude towards receiving something, right? So it's hard for me to say, Well, my two year old is spoiled because she's not really showing that or like vocalizing it,

Natalie Slagle  10:30

right, exactly, but I don't know if they need, they need to show sign. You know, I think we think of like a spoiled kid, like they're, they're always asking for more, and they don't appreciate you know, I don't know if we need the response from the child to know if they're spoiled, and the first three years of their life is what I'm talking about, because they might they might not. I don't know how much longer we have until Jay goes to the store with us, and she's like, I want that, I want that I want that. She's not really doing it yet, but I feel like we're getting close.

Dan Slagle  11:08

She's actually there with one specific thing right now, hot chocolate, right like anytime yesterday, I was driving her to daycare, and we drove by Starbucks, and she went to that Starbucks, what she's been there maybe once or twice when my dad was in town and they, like, had a cup of hot chocolate together as soon as we drove by. I forgot to mention this to you. She was just yelling, hot cocoa. Hot cocoa. Hot cocoa. So yeah, I guess maybe I'm already starting to see it the more I think about some real life situations that we're in well,

Natalie Slagle  11:37

and I wanted to talk about another moment where we've kind of had to stop and think about, okay, what, what decisions are we making here, and how does it impact her, both from a beneficial standpoint, but then maybe from a, I'm just going to keep using the word spoiling standpoint, and I that to us has come up when it comes to the decisions we've been making around Funding her 529 plan, because I think about we have, I think it's a little over $30,000 right now in her 529 plan, and I have wanted to fund that as fast as possible, so that it has a bigger chunk of money with a longer timeline to grow, because that's how We get the tax benefits from the 529 plan. However, I think about this kid over here has over $30,000 set aside for college. She is not even two. I had $0 set aside, and that is not knocking my parents, because I feel like I'm in a really good spot, and so they've done other things to make sure I'm in a really good spot. But it does make me think, like, what? What's going on here?

Dan Slagle  12:51

It's hard, because with the decisions that we've made in terms of funding her account, a lot of the contributions or that account balances has come from us, right? Like, obviously, grandparents or other family members have contributed to that account. We're very thankful for that, but a lot of that has come from us, our household. And I think the conflict, the issues that come up when we're thinking about, well, do we need to fund more of higher education in the future? The conflict for me is, well, what could we you and I be doing with that money right now, right? And thinking about alternatives, whether the alternative is to let's let's travel. Let's take a trip. How about you and I get a couple $100 $1,000 to go spend however we want. But the alternative path that we typically take is, let's continue to save and maybe that's the nature of our profession. But I also feel like we see this within our clients as well. So those you know, I think those are some of the things that come up for me when we think about, when we think about funding her 529, and the balance is thinking about, well, what is the alternative? And I think what allows us to feel better about making more contributions into the 529 is is doing that deep dive education analysis that we do for our clients, but you and I personally being able to see how it impacts our daughter, and saying, Here's where higher education is going to be, you know, 16 years from now for her, from a cost standpoint, with baseline education inflation at Five 6% whatever we've historically seen and showing you know, even 30,000 today, that's only going to fund X percent of her overall college. I don't know if you even recall, like, what that amount truly is.

Natalie Slagle  14:38

Well, it's essentially because right now, we're inflating college at 5% and the rate of return is around 7% so it's not we're the net rate of return there isn't very high because of our assumptions. So the $30,000 is just a little over one year fully paid. Yeah, but regardless, that's a lot more than most children who will be going to college her age will have. Therefore, does that make her spoiled? Just that and I, our goal is to have more than one year's worth saved. I'd like to have most of it saved in the 529 plan, maybe not 100% just in case. Well, you know, that's not what we're getting into on this podcast, but the fact alone that she has something saved, which is going to be significantly more than the average kid of her generation going to college. Does that make her, quote, unquote spoiled. No, but I think what then to make it not a spoiled event or whatever that comes down to you and I having the right conversations with her and talking to her about the decisions we made in our making along the way to give her this unique opportunity.

Dan Slagle  16:04

Yeah, I want to pause for a second and just let our listeners know. If you're interested in learning more about our take on one of the best three ways that we feel is to save for your child's future. Make sure to check out our blog that we wrote on it, and we'll make sure to link that in the show notes as well. So going back to what you just said, I feel like you even have, like, a real world example that you've seen with a client in terms of, like, maybe curbing the idea of entitlement being spoiled. It's really about setting the framework for constructive conversations with your child, right? And like what your expectations are, because we're not, we can't have this conversation with our daughter right now. Again, her being two, she would comprehend what was going on, right? But if she was 18, if she was 19, that would be a different conversation that we would be having, right?

Natalie Slagle  16:59

So I recently met with a couple who in their late 40s, early 50s, and they are, they sent their first born to college this year. Really exciting, right? Really exciting time. And I was so impressed. We were just, we were just kind of talking about the finances of it, because it impacts their cash flow. Now they're able to pay for all of tuition, room and board through their five to nine plans and a little bit from cash flow, but the reality is that there are expenses above and beyond tuition and room and board. You still have to live right. Their daughter still has these just living expenses. And so they sat down with their daughter and they made a list that it was just in like an apple note, and their daughter had access to the note as well. So it's just like on their phone. It's not this really formalized thing. But they did have a conversation about, here is what we will continue to be responsible for paying, and here is what you now are responsible for pain. And part of the daughter being responsible for pain is they actually gave her kind of an allowance every week. And it wasn't very much to me. I thought, I thought it felt kind of low. But you know, what do I know? And so there was quite a bit on. Here's what you're responsible for, and the list that they're responsible for, kind of the typical, like the insurances, any they gave her, like a grocery stipend, but it was like, if you spend more on groceries, then that goes into your bucket. But one of the things that I really liked on there, and they had this specifically written out, was we will buy you clothes enough to make you it was like enough to keep you from being smelly and have rowdy clothes, but not smelly. They wrote smelly. And I don't know if they wrote smelly, but it was like enough to clothe you, but not enough to keep you fashionable.

Dan Slagle  18:58

And I love I think you said, like, I think he told me ahead of this it was like enough to or we don't want you to appear grungy, I think is the word you use, which being in the Pacific Northwest, that's like a

Natalie Slagle  19:10

style, right? Yeah. But they were like, you might have to just shop at H, M and Zara, and that's it. Like, this is the fast fashion budget. This is not the high end, close budget, and I and so I just loved how it was this easy to digest list. And to me, that was them having this intentionality and these conversations around a child who is likely going to be, I don't want to say better off, but that's kind of the term, you know. But like financially, have less of a financial burden coming out of college than most people, and yet, she kind of understands what mom and dad are paying for. She's having financial conversations with mom and dad, and to me, that is, I'm hopeful that. That that is going to be more impactful than actually having all of these things paid for, is the fact that mom and dad sat me down. We had this conversation to me that was because these clients, they make a lot of money, you know, they're doing really well. They have a lot of assets. And again, it comes to that choice, they have chosen to say no to some things, and that, to me, was such a great example on how they have this high earner problem. They are getting rid of it because they are choosing to be intentional with the conversations they're having with their kids and what they're going to pay for and why?

Dan Slagle  20:38

Yeah, so again, setting expectations ahead of time and just making sure everyone's on the same page. Because, you know, from an outside perspective, you could still say, well, that that child is spoiled, right? Because maybe someone who's looking in doesn't have that opportunity or like privilege to get a clothing budget, to not look grungy, or whatever it is. And this is something that comes up all the time with finances. Again, it's all that really matters is how you how you perceive it, especially like within your internal family, and you just don't know what. You can't control everything else that's happening in everyone else's life, right? Because, again, like it's all about perception, yeah.

Natalie Slagle  21:20

And you just, you never know someone's financial situation. I've said that before on this podcast. I'll say it again. Our wealthiest clients, you wouldn't think they have more than 200 grand to their name. So it's, it's really interesting. Okay, well, let's go back to you and I, Dan, do you think that you and I have tension or or maybe not tension, but like differences and how we approach this.

Dan Slagle  21:51

Well, we, we already touched on it. You know, the one thing I wanted to mention in this part of the episode is is, you know, based on how we're we are paid. Sometimes we can receive larger, you know, call them paychecks throughout the year. And a lot of times when that happens, it's well, what do we do with the the excess money that we don't necessarily need to cover our baseline living expenses, right? So what has been really interesting for me during this process of again, only the last two years, is when those events happen. When we do have some extra cash to think about what to do with, almost always, you have put money into our daughter's 529, before, like even having that conversation with me, or if not, what you'll do is we'll be having the conversation on the couch or in our breakfast nook. I'll just throw that out there.

22:46

Love our breakfast nook.

Dan Slagle  22:47

When we're having that conversation, the first thing you will do is like, you'll just like, pull up her account on your phone and be like, I'm just gonna transfer this money. That has also happened, has it? Yes. Why that is interesting to me is because, as we've talked in previous episodes about, like, our past money experiences, how we were raised with money, you definitely are more so on the I'll call it frugality, like you had to work more than I did growing up, you had to pay for more things than I did growing up. And I think it's just really fascinating that you are the one taking the initiative to to spoil air quotes for those of you listening our daughter,

Natalie Slagle  23:27

yeah, at least when it comes to her college education, yeah, yes, that is my answer to that, yes. Am I supposed to No?

Dan Slagle  23:37

I mean, it wasn't a question you you asked me the question if there was like any conflict or tension. I don't know if it goes up to the extreme of conflict, because, as maybe we haven't told listeners, you and I have never fought before. We've never had a fight, ever, never, never, once had a fight.

Natalie Slagle  23:57

Just kidding, we fought like two days ago, two hours ago. That's not true. I know Daniel we anyways, I used to keep a fight journal. Have we talked about the fight journal on this podcast yet?

Dan Slagle  24:08

I know I don't think so. Yeah, it was really weird. You bought that. I'm like, why are you recording our fights? And I think you recorded one, and then you stopped.

Natalie Slagle  24:16

Yeah, I think it still is a really good idea. Because I was like, I should journal about a fight we had and then look back on it and laugh, because it's probably really stupid and something we both don't care about anymore. And that is mostly true.

Dan Slagle  24:31

So anyway, so going back to you asked me the question that example I provided is the moment of tension that I can more so associate with finances in dealing with our our daughter's situation and and for me, the the tension comes from well, you know, last year, at this time again, we've talked about this so much. We were thinking about buying a home down payment, right? So thinking about allocating some of those resources, and you still taking a healthy chunk of the excess money we had, and just it. Immediately put it into 529, so the tension for me is like, again, going back to what we talked about in the in the beginning, what is the alternative? Like, what are the alternative options to do with those funds? And sometimes, you know, I like, sometimes we want to spoil ourselves, yeah? Like you and me be real, like, yeah, you know, I work. We work, and then we have, it's just non stop and like, there's been so many times over the past year where it's just like, I need to get out, I need to do something, I need to, like, treat myself in some form or fashion. And sometimes I do feel like, if I'm so focused on on her and her future and our future savings. Like, I want to be there to enjoy it. I want to be in the good mental state to enjoy it. So I think for me, the again, the tension comes from well, can we be taking a trip? Can we you and I be hiring a babysitter more often? Can we be investing in experiences? That's my moment of tension. And just like, how do we go about solving for that right?

Natalie Slagle  26:05

I think if we talk about high earners, how do we not spoil our kids, you're coming up with the second question, okay, let's not spoil them, or let's not spend money on them. So what are we going to do with that money instead? And even if we were in the frugality, save, save, save, world that Natalie tends to stay in. It'd be like, Why am I taking 10 grand and putting it in the 529 plan, when I should maybe be thinking about 10 grand and putting it in an additional retirement account or brokerage account so you and I can be financially independent that much sooner? And there's to me, I think there's something about I have this, this expectation of myself that we are going to pay for our daughter's education, even though I tell our clients all the time it is not necessarily your responsibility. Society may tell you it's and so I'm like, well, there's this looming, crazy, expensive thing coming, so we got to do whatever we can to tackle it first. And but there's also an even more expensive thing coming for you and I Dan, and that is retirement and not not having to generate income anymore. That is way more expensive than college. So we need to put a lot of eggs in that basket, way more than the 529 plan basket. But so I'm just kind of, I'm went down that route to kind of give you and the listener some background on on how it is so easy for me to quickly say oop 10 grand Chase 529 plan boom, done.

Dan Slagle  27:40

Let's switch gears a little bit. Let's talk about what actually, actually works. And I think this maybe will apply more so to families, wealthy families that have children who, let's say, are in kindergarten or older. So there was research done in in 2025 done by talker research and acorns. It was like a collaborative study of, I think it was around 2000 families, and one of the like summary points on it was like, they called it 2025, allowance, flation. It's like a play on inflation. But it was the study that essentially found that the average kid allowance has now grown to $52 per month.

Natalie Slagle  28:28

Okay, does that feel like a lot or a little to you? What's your thought? It feels

28:33

like a lot more than what I had growing up.

Natalie Slagle  28:35

Dan, You're old now, older, $52 a month. Okay? I mean, it it depends, like, how old is a kid in this and what are you not paying for that the allowance is paying for?

Dan Slagle  28:53

I don't think the study got into that. I mean, now you're busting my chops here. All right.

Natalie Slagle  28:56

Well, what? What else did it say?

Dan Slagle  28:58

Well, I just found it fascinating. Like the way allowances were have been, like shifting again, like relating back to when I was a child and had an allowance or earned money from doing household chores, for example, right? Like $52 a month seems high from based on my experience of what I had growing up. I also found it like fascinating the shift between, like our children receiving money through cash, like digital apps, pre loaded debit cards. So there are some interesting numbers on that. 56% of respondents, the allowance was given in the form of cash. 17% is on digital apps now, like Venmo and casually, yeah, okay, yeah. And then the remaining 14% was pre loaded debit cards. I like that, yeah? I think that's a really good idea,

Natalie Slagle  29:50

right, especially if the kid can also somehow get access to the balance of the debit card so they can see it go down every time they swipe it. Yeah, I think that's. To the issue with credit cards is we don't see anything go down. We just only see something go up, which is the balance. But you're not seeing your your bank balance go down at the same time. And that's a really important piece for kids to understand when they swipe, is something inevitably does go down. I was kind of thinking in my head, like, we pay our babysitter through Venmo, and so it it's interesting that times have

Dan Slagle  30:30

changed, yeah, and I think so the other things that come out is from this study, non monetary allowance includes, like, if you know, if you did a chore, for example, you It includes things like experiences or and screen time

Natalie Slagle  30:44

rewarding your child with screen time that I will I hate saying I will never, because things change, I will never.

Dan Slagle  30:55

Here's my biggest takeaway from this study, okay, and I think this is where we can probably spend some time talking about the overall study. Two thirds of respondents believe they know exactly how much to give and why they are giving allowances, okay, while the other 1/3 needs to consult with others, other parents for reassurance,

Natalie Slagle  31:21

I would be in the 1/3 I'd be like, Yo friends, what are you doing

Dan Slagle  31:26

unless you feel just like, really confident about it? Like, how would you know how much to give your job from an allowance standpoint? You know, it's it could be like an easy like, I'll give you 10 $20 or maybe the kid has some say, of, like, hey, I need $20 to go to the movies or whatever it may be, maybe then it's it that you don't really need reassurance with that aspect from other

Natalie Slagle  31:48

parents, right? That's why I think the allowance needs to be like. Back to what our clients did, is it needs to say, this is all the things we cover. These are all the things that you need to save your allowance for, like buying games on the tablet or getting two things of candy at the movie theater versus one, whatever it is. But maybe that is how people it's not okay. What are your friends getting? It's what are we expecting you to use your money for? And are we giving you enough to afford that?

Dan Slagle  32:23

Yeah, I think maybe so. Some practical approaches, like, again, we've been talking a little bit more about allowances in this part. You know, how do you think is there a shift, or is there a difference in entitlement or spoiling? If your child is old enough to either receive an allowance versus, like earning money themselves, and like how you as a parent view would view that?

Natalie Slagle  32:49

I I've heard different approaches with this. Like I one approach that I liked is things that every adult needs to be able to do, post leaving the home you should not get an allowance for because, like, you shouldn't get rewarded for making your bed. Like, that's just kind of an expectation as, like, a responsible adult or or whatever it may be. But the things like raking the leaves and helping mom and dad in the yard, those are kind of the additional That, to me, is something that if you do something you know, above and beyond that, to me, is worth compensating the child for. There's also, I feel like an element of maybe at some point you just give an allowance because you want them to have the autonomy to make financial purchases and make those decisions. So I can see a world where we do both. Hey, your your allowance is this, you want more than that. You got to do more, you know, you got to do it for with these extra projects. But your allowance is just like, that's what comes up for me.

Dan Slagle  33:59

Yeah, yeah. Yeah. That's interesting, you know, I think this is just to me, it's like, what's the, you know, we talked about, like, the idea of entitlement or being spoiled as like an after effect of something. I think what it comes down to is like, what's like, the values conversation underneath it all? Is it really about money, or is it about like, what you at the end of the day want your kids to value and like, show appreciation for, yeah.

Natalie Slagle  34:32

And I also think how the parents interact together around their own finances is extremely impactful, not just, you know, the decisions they're making about with their kid, but like, Dan, how do you and I talk about money in front of our daughter, and I know right now it doesn't matter as much, but at some point it's going to matter, probably earlier than what we anticipate. And when we ask our client. Hey, tell us about what money was like growing up. They often reference how their parents handled money together, more so than how their parents handled money with them individually. So I think how the parents how their values are intermixed with the decisions they make, is being watched very closely by our children, and our children will remember that,

Dan Slagle  35:28

yeah, let me ask you a question. What do you want our daughter to think about wealth like when she is older? Let's say when she's like, 30.

Natalie Slagle  35:39

I don't want her to be afraid of money. I want her to be comfortable, and I want her to I think money is a relationship, like we all have individual relationships with money, and if she chooses to have a partner, then how they interact with money. I just hope that when she thinks of wealth, she thinks of the opportunities it can provide her and the people she love and the organizations she loves. So I hope there's just like a healthy relationship there for her.

Dan Slagle  36:15

Yeah, yeah, I love that. Do you feel like there, like, is there a question that every high earning couple could be thinking about or asking themselves

Natalie Slagle  36:24

Yes, one question that I want listeners to talk about with their partner is, what does enough look like for our Kids and just have the open ended conversation, what does enough look like for our kids?

Dan Slagle  36:46

I love it. I love it. For me, the big takeaway is just like, intentionality is the is, like the name of the game here, spoiling isn't like about how much you you have. To me, it's now, after this conversation, a little bit more about like, whether you're thoughtful, yeah,

Natalie Slagle  37:05

with it, right? And if you want some help with these conversations, reach out to us. Schedule a free consult. It's on our website. Fyooz financial.com and I want to give a tease for next week's episode. Not next.

Speaker 1  37:19

Everyone loves it. Loves a loves a good tea. See, look at us

Natalie Slagle  37:22

getting ahead. We can tease the next episode so we have the prenup coach, that's right, the prenup coach on our podcast, Caitlin Dylan, I'm so excited to chat with her about prenups. Post nups For those who are already married and it's like, Oh, we didn't get the prenup done. But do we need a post Nup? You know, things change. You might have gotten an inheritance. Your income looks a lot different. I'm really excited, because you and I, Dan, we don't have a prenup or a post Nup. And so maybe this conversation is like, do we need one of those? So tune in next week. Really. I keep saying, next week, this is bi weekly. Maybe we need to make a weekly but our next episode with Kaylin is it's going to be

Dan Slagle  38:02

really fun. Thanks, Natalie, great conversation today.

Natalie Slagle  38:06

Thanks, Dan.

Dan Slagle  38:07

Bye, bye bye. Hey, if you've enjoyed this episode and are looking for personalized financial guidance, schedule a free complimentary consultation using the link in the description below Natalie and Dan Slagle are the founding partners of Fyooz financial planning, a registered investment advisor. The information provided in this podcast is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any securities. Investing involves risk, including the potential loss of principal. Advisory services are offered to clients or prospective clients where Fyooz financial planning and its representatives are properly licensed or exempt from licensure. For more information, including our disclosures, please visit our website@www.Fyoozfinancial.com

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