Less than a third of parents educate kids about saving money for retirement and only 30% of parents teach about investing money with their kids.
Those statistics are not so good!
Maybe you are one of those kids that just didn’t get the information you needed on basic finance.
Schools are really challenged to teach all that is needed for a student to succeed in life and, unfortunately, financial literacy many times falls by the wayside in both school and family life.
Whether you are the parent or you are the student today, my hope is that by the end of this podcast you will have learned one thing that you can use to succeed with money.
Parents are the #1 teacher of their kids.
It's important to teach by example, NOT just by lecturing.
So you parents out there, take a step back and ask, how am I doing? As the saying goes, "more is caught than taught."
Chose one thing today that you can share with your loved ones that will have an impact on their lives financially.
Questions for Review:
- Did you grow up learning about finances? If not, how can you catch up and improve your knowledge?
- If you have kids, what is 1 thing that you can teach them about finance and investing this week?
- Start to think about how you can begin to teach by example and NOT just by lecturing.
The Verse from the Episode: "Death and life are in the power of the tongue." -Proverbs 18:21