Money smarts are one thing, but teaching your kids what to do with money without first teaching them how to get it - it’s a bit dumb don’t you think? 1 - Work first then play In no way am I a good parent in the traditional sense, just ask my wife. She’s the good
Teaching ‘money smarts’ to your kids is critical – fail to do this and face a huge liability in your retirement. The most effective way to teach money smarts to your kids is to become more financially disciplined yourself: Earn money, save/invest/repay debt, give, and manage financial risk are the main areas that we’ve already covered. Do these things well and your
Teaching ‘money smarts’ to your kids is as important as teaching them good manners, like chewing with their mouths closed. I believe we’re failing as parents on both, but let’s talk about money smarts – financial literacy. Being literate in finances is the same as being financially disciplined. Broadly speaking it means you’re working on
