Comments on: Kids, Wealth and Responsibility

By: Eugene Williams | Power of Motivation BLOG

Eugene Williams | Power of Motivation BLOG — Tue, 01 Jul 2008 14:41:11 +0000

I totally agree that it is very important to teach kids the sense of family values & finance. Thanks for the reminder. Eugene Williams | Power of Motivation BLOGs last blog post..The Power of Belief

By: Shauna @ Women & Money

Shauna @ Women & Money — Thu, 19 Jun 2008 14:57:23 +0000

Hi, David;

What an important article. Money and finances is a topic which should be required learning at school, and an integral part of family planning and teaching at home. No one can say money isn’t important, because it is – it’s vital to survival in our society.

How many countless parents have inadvertantly done their kids a disservice by not sharing money skills…either because they are ashamed that they themselves don’t have any, or because they believe that money is ‘not something you talk about.’

Financial acumen is a basic survival skill.

My daughter will not be treated to the same ignorance I was – she will be able to support herself, and THRIVE, by the time she is old enough to be out on her own.

Thanks for this clear reminder, David – hopefully it will help many people! The more we talk about it the better it will be for everyone.

Success to you always,

Shauna

By: Naveen Roy

Naveen Roy — Sun, 15 Jun 2008 16:31:09 +0000

Hello!!!

You have no idea how much of an inspiration you have been!! Thanks for the help many a times in these past few months especially!!

By: Sara

Sara — Sun, 15 Jun 2008 05:45:32 +0000

I don’t have kids, but I have a lot of respect for the way that my parents introduced me to finance. Without going into details, they made sure I knew that investing was what you do with your savings. They were also very clear that as parents, it was their responsibility to take care of my needs while I was underage, but that once I was an adult, it was my responsibility to take care of myself.

By: kannan

kannan — Sun, 15 Jun 2008 01:32:56 +0000

Hi Peter,

It is a very useful article by David.
It is utmost important that we teach our kids about finacial intelligence.
Gifting a small piggy bank when they are young to save and opening a personal savings account in a bank when they are eligible, are simple steps to teach our kids on finance.
Thanks for sharing.

Best Wishes,
Kannan Viswagandhi
http://www.growing-self.blogspot.com

By: Marelisa

Marelisa — Fri, 13 Jun 2008 18:05:45 +0000

I completely agree that it's important to teach your kids about family finances. I heard that Warren Buffett bought his first stock at age 11 and he regrets not having started sooner. All children should be taught the miracle of compound interest! Also, little entrepeneurs (lemonade stand, baby-sitting service, lawn mowing service, and so on) make the great business leaders of tomorrow. Marelisas last blog post..Share the Love Friday on Marelisa-Online Abundance Blog: Week of June 9th, 2008