12 conversations about money to have with kids of all ages
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It's important that children start learning about money earlier than later.
"Our children are watching how we spend, save, invest, and give money," writes Kimberly Palmer in "Smart Mom, Rich Mom."We can seek out opportunities to talk about money with our children, even if it's awkward at times or uncomfortable."
Having these conversations can be easy and natural as long as you look for opportunities to have them, according to Palmer. But one thing parents shouldn't do is be passive about their kids' financial educations.
"Left untended, I could imagine unhealthy, wasteful behaviors taking root, from buying books and toys as soon as they are desired to a sense of entitlement without any generosity or responsibility attached," she writes.
Here are 12 conversations about money you can have with your kid:
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’