Parents, Financial Lessons, and Sports Stories
After seeing how the ability to talk sports gave her the upper hand as a woman in business, Amy Siegfried, a third-generation entrepreneur, created Last Night’s Game to give her friends the same advantage. Last Night’s Game empowers its readers and listeners to join the sports conversation, even if they don’t know the first thing about sports.
- The value of a teacher’s influence
- Influence of her entrepreneurial father and wealth manager mother
- When parents never use credit cards, it can be difficult to learn about them growing up
- Learning the best of both work worlds from each parent during summer work
- Reasons for going back to school to get an MBA after having a journalism degree
- Going away to college and learning to live independently
- Managing your own finances and an allowance at college
- Overdraw a bank account in college with an $8 balance
- The benefit of using an authorized user card while in college
- Got into some troubles with a credit card after college
- Relying on her mother’s wisdom but getting out of debt on her own
- The difficulty of asking parents for help as a young adult
- Shifting the perspective away from decent money with a job to a long-term career
- Her mother’s gift of a binder of financial knowledge
- Hearing lessons from someone who is not your parent
- Resources for handling day-to-day financial decisions
- Owning property/assets and the black hole of credit card debt
- Switching to paying for things in cash and understanding how much you were spending
- Asking yourself “Is this important?” when considering a purchase as a curb to instant gratification
- Teaching children about money through cash
- Why she decided to start Last Night’s Game
- Starting a business between Thanksgiving and Christmas
- Rufus the Wimbledon Hawk
- Starting a business on a shoestring
- Business decisions for an entrepreneur are also personal finance decisions
- The allure of returning to the corporate world, a steady paycheck, and days off
- Reviewing your reoccurring charges and canceling email subscriptions
- Do one thing every day that scares you
- Asking the question, “How did you fail today?” as a way of learning and improving
Links referred to in the episode, and how to connect with the guest, Amy Siegfried:
