Give your children a financial head-start in life to become money-smart children.
Did you know that by nature, children aged zero to seven (0 to 7) learn by observing rather than what they are told and that those observations form a solid foundation for their habits during adulthood? Picture visits to malls or shops with children of these ages. What do they observe repeatedly on the subject of money? SPENDING!
Coupled with the belief passed down from generation to generation that children should not be introduced to the subject of money, we become blind as parents to the fact that by default, we raise our children to be consumers. This is where personal finance management troubles for most adults started.
Personal finance management is 80% behavior (psychology – mindset), 20% knowledge and practice. If you want to attain financial freedom easily, you first have to address the root problem which is the various ideas that were instilled in your mind (subconscious) since childhood. You will soon stop working for money, and money will start working for you.