In this post, Will Rainey from Blue Tree Savings, goes through the different money topics he feels parents should be teaching their kids at different, indicative only, ages.
These topics don’t just cover the basics of money, i.e. save to spend later, they focus on training your kids to become wealthy by following the 'Three Rules of Wealth'. Most people don’t think about building wealth until much later in life and miss out on decades of compound interest working in their favour. Also, by teaching kids about becoming wealthy, from a young age, they are more likely to look after their money, i.e. spend less on things they don’t really need, especially on things to 'keep up with the Jones’. The added bonus is that by teaching your kids about money, it can increase your chances of being wealthy too, find out how here....
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