Kids and money

So, why is it so hard for us to learn how to manage money?

Why do so many people struggle to make ends meet, even on reasonably high incomes?

Why do so few people manage to provide sufficiently for themselves in retirement?

We know what it takes. And there are some people doing it. So why isn’t basic money management as widely understood as basic geometry?

Imagine what life would be like if making money came as easily and naturally as riding a bike or tying your shoelaces. Imagine graduating high school with a permanent, secure, passive income already in place. You wake each morning to find more money has appeared in your account overnight! If you want to travel, you do. If you want to paint, write, or do any other creative activity, you do. You choose your occupation based on what you love to do, not the burden of having to pay the bills. You have all the time you need to socialize with your family and friends, to stay in shape, and to practice your spirituality.

Teaching our children how to handle money early in life, can make them to understand the value of money. They will not depart from it, and it will enable them to manage it very well when they are grown up.