Author Ron Lieber on Money and Values

Mar 3, 2021

In this insightful discussion, bestselling author and New York Times columnist Ron Lieber dives into the critical Stoic virtue of temperance and its role in financial education for children. He shares innovative strategies for parents to teach values through money management, emphasizing self-discipline and moderation. Lieber challenges traditional views on college and success, urging families to prioritize character over credentials. His approach redefines the financial journey to empower future generations while emphasizing meaningful experiences over societal pressures.

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ANECDOTE

Coining "Blurple"

Lieber discusses his quest to coin new words and get them published in the New York Times.
He succeeded with "blurple," describing the Bed Bath & Beyond coupon's unique blue-purple hue.

INSIGHT

Allowance as a Tool

The ideal amount of allowance teaches children valuable trade-offs, like adults face daily.
This "temperance" helps kids develop virtues like modesty and prudence.

ADVICE

Tempering Allowance

Give children an allowance that allows for some, but not all, desired purchases.
This fosters self-discipline and helps them navigate choices.

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Ryan speaks to author Ron Lieber about the key Stoic virtue of temperance, how money can be a great tool for teaching, how parents and kids should approach college and gap years, and more.

Ron Lieber is a bestselling author of several books and has been a New York Times columnist since 2008. His newest book The Price You Pay for College: An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make released in January 2021.

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