Archive for July 1, 2010

Teach your child what really counts

Publication: Complete Well Being; Stay Well; Section: Wealth; Dated: 01 July 2010

If you want your children to inherit true wealth, make them financially literate

I like this quote by American columnist Bob Talbert: “Teaching kids to count is fine but teaching them what counts is best.” The quote is pithy but it gets to the core of teaching fiscal responsibility.

What parents forget

If you look around, parents and teachers focus a lot on teaching mathematics—they send kids to Vedic Maths and Abacus classes to enable them to have numbers at their fingertips from a young age.

Parents also enrol their kids in drama, dance, singing, karate and other classes. But how many of us actually remember that when our kids enter the real world, the first thing they will confront is money?

» Read more..