Credit Kids With Real Wealth Knowledge
In posts past we’ve talked about how it is important to include kids in your financial plans for wealth creation. We’ve talked about how much better the start in life for our kids could be if we applied what we know about financial empowerment and building wealth from the start. Every now and again I like to dedicate a post or two to these types of topics in the interest of building a better, simpler, wealthier life for the kids.
Giving Kids A Wealthy Vocabulary
It’s a lot easier to raise children with a wealthy mindset than to try to correct it later. I think any of us here who have been through this process, or are going through it now, could easily agree. And one of the ways we can make their lives easier from the start is to give them due credit for understanding the concepts and the language of wealth.
When you talk openly about finance and wealth with your children, you suddenly strip away the many barriers that go up in our paths to adulthood. You prevent children from forming the attitude of negativity around wealth and money, and negate the need for them to have to work to break down those walls later.
Meaningful Language
The other thing that you do when you use real, meaningful language with children is teach them real, meaningful words and concepts. This is important because if a child knows the words and understands their meaning, they can learn from anyone who is speaking it. That educated child will be able to read and learn and recognize what it is they are exposed to. They’ll be ahead of the game because they will have that innate knowledge from the beginning, and so they can continue on to wealth and prosperity instead of just getting started (or worse, having to recover and relearn things they should have known all along—if only our traditional education would catch up to real, meaningful financial management and education!).
It’s a great thing that an adult does when they recognize their ability and right to wealth. But it’s an even greater thing they do when they pass on that knowledge and power to another, and give a child a strong financial start to life. Have real, meaningful financial conversations with the kids that matter to you and help them to a better life-start.
Sean Rasmussen
Wealth Creation Blog
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Tags: Building Wealth, Education, Finance, Financial Education, Making Money, Mindset, Money, Wealth, Wealth Creation