7 things to teach your kids in kindergarten if you want them to grow up to be rich
"At the end of the day, kids are not being taught the fundamentals in school. As much as we think or hope they are, it's not happening," says Gregg Murset, certified financial planner and founder of MyJobChart.com, a free tool that teaches kids about money.
That means parents are the ones that have to assume responsibility - and the earlier you start teaching money basics, the better.
"Even if they have personal finance being taught in high school, that's too late," explains Murset. "They're quasi-set in their ways by the time they're 17, so you really have to start a lot earlier."
Every kid learns at a different pace, but you can start laying the groundwork as early as five years old, Murset says.
Here are seven money lessons you can introduce to your kids as early as kindergarten. The more interactive and fun you can make it, the more they'll absorb, so we've also included strategies to help convey the basics suggested by Murset and Peggy Mangot, CEO of SparkGift, a new platform that helps parents teach kids to start investing early.
Of course, we can't guarantee they'll grow to be millionaires, but if you can hammer home these concepts from a young age, they'll be ahead of the curve.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Rupee falls 10 paise to settle at 83.48 against US dollar
- Include 4 hrs of physical activity, 8 hrs sleep in routine for optimal health, suggests study
- 11 must-visit tourist places in Nainital in 2024
- Indegene's ₹1,842 crore IPO to open on May 6
- BSE shares tank nearly 19% after Sebi directive on regulatory fee
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market