Martha Stewart Living Radio: The Radio Blog

If you ever need to persuade anyone about anything…

Posted by MSLO Blogger

Comments (3)

  • Maggie
    I listen to you everyday and enjoy your advice in "careers". I have a question that I need advice on..how do I get my stepson to be more responsible/accountable for his financial mistakes? I do not think teenagers understand that financial mistakes will effect their careers down the road. For example who would want to hire someone who has mismanaged their own money/has bad credit to handle a potential employers finances. Is there some advice you can share with me to help him realize how this choices will follow him and his career and get him back on track. It is a time of "tough love" right now. I can no longer cover his financial errors because all it is doing is enabling him. I am thinking of a new approach of not only laying out all of his expenses/debts but a binding contract of sorts....if he fails he loses his car as penalty. He has not paid us back for this/insurance either. Help.

  • The hmmm response makes sense. Thanks for writing this Maggie.

  • Frustrated Mom - You are right when you say that financial mistakes affect career. Many employers do credit checks as part of the job application process and factor the findings into hiring decisions. I've done some research and found an article you might appreciate: http://bit.ly/XyP6q. It too talks about a contract approach and other tips for teaching your teen financial literacy. Hope it helps!
    Peg - let us know if you use the hmmm approach and how it works for you!

Post a comment

Comments are moderated, and will not appear on this weblog until the author has approved them.