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Paul Clitheroe

👤 Speaker
306 total appearances

Appearances Over Time

Podcast Appearances

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

In a focus group, a five-year-old said to us, oh, money, money's easy.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

If you want to get money, just buy stuff.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And the room stopped.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And a charming young kid in a very fun, safe environment.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Everyone was having a bit of a chuckle.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

We were just obviously, we're not teachers.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

We were just sitting listening.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And the teacher handling the session beautifully said, so how do you get money buying stuff?

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And the little five-year-old said, well, I'm not silly.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

I go out with mummy and daddy and we go to the supermarket and we get a trolley of stuff.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And when we get to the counter to get all our stuff, they give us money.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

In other words, what mum and dad have done

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

is quite sensibly they need cash to buy fish next door or something, whatever it might be, or get their shoes done.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

So mum and dad have said, thanks for all the groceries.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Could we have $100 with that?

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Now, I'm laughing my head off about this, but there's a deep truth here.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And a role for parents and grandparents, schools can't do this, a role for parents and grandparents is, and I do this with our grandkids of two to seven,

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And I'm making a, Vicky and myself are making a real effort to make money real for our grandkids.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

Like mum and dad have taken them to a bank to get a bank account set up.

The Money Puzzle
‘Swim between the flags’ : The simple formula for managing money

And the, no good of the two-year-old.