Category Archives: Financial Education

Train Your Children in Money

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Giving your children a financial education is a simple blessing you can give them.

As I grew up, money was never discussed around the dinner table or in the house.

Money, kind of grew to become this evil thing that no one talked about, no one learned about and almost became a thing that was embarrassing to have.

My parents always bought the cheapest TV, a second hand car.

There were lessons to be learned there, lessons in saving money and getting a good deal, but never the lesson of being proud to have money or the benefit of expensive goods.

Teaching your children than money is a good thing and how they can invest it is a beautiful thing you can give them, probably greater than anything they will learn in school.

The tough thing is that to give them a real education you are probably going to have to unlearn a lot of things that you understand when it comes to money.

You want to teach them the best there is when it comes down to money and making it work for you rather than you being a slave to a wage and the money you earn.

If you are lucky you may have already unlearned all of this mantra which is shoved down your throat from a young age.

If you haven’t unlearned it then read on through this site and pick out the lessons you like which still fit in with your beliefs.

Some ideas may be a step too far. When it comes to money, you shouldn’t throw away all your values and beliefts, but just challenge those beliefs and see if they are the ones that are best in the long run.

Once you know how to make money work for you, then you are in a place to let your children understand the same thing.

Be open with them about how much you earn and outgoings and investments you make.

Go out and buy quality rather than always looking for the cheapest thing.

Explain how something may be more expensive in the short term, but will cost less over the long term.

Explain how investing a little money now will pay you back huge amounts later on in life.

Teach them the idea of investing for your future rather than spending it all today and having none tomorrow.

Educate them to become prosperous, proud of having money, how money can hurt you and most importantly , how it works.

Do you need Financial Knowledge?

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It is something that is little taught in school. Financial education.

That so little time is given to it is an absolute travesty, considering that those who understand money and investment can live a far more fulfilling life than those without it.

It allows you to escape the rat race and to embrace opportunities and adventure when they come your way.

It is true that money doesn’t buy happiness, but a lack of financial education and understanding of money can lead to years of torment and missed opportunities.

For that reason it is great that many wealthy people are now trying to promote and encourage effective financial education, as the more people who understand money, the more powerful the world economy and individual lives will become.

But, I just need to know how to earn money

The essence of financial education lies in learning how buying assets or developing them through intellectual property or a business, allows your money to work for you and so you can earn money without giving up time. Once you understand and know how to implement this philosophy then you will find that financial freedom is around the corner.

You may think that you don’t need this education, but everyone can learn more. If you stop learning about money and mistakes you make then your money will stop growing or stop achieving its true potential.

There are stories of people who have worked in restaurants and left behind millions, just by putting away money every month and seeing it grow until it is earning thousands every month.

This is what you can achieve too. Getting the right mindset and building on this with the right knowledge can allow you to build a financial skyscraper, rather than living on the park bench like you are now.

So, when asked if you need financial education. You answer is yes. No matter what position you are in, you can always learn more about money, investment and getting it to work for you.