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Can we establish that financial intelligence is not a genetic trait, but an acquired trait, and by that, just as charity begins at home, financial education also begins at home.

Children who grow up in an environment where their parents practice strong financial discipline and it is very evident because of how it has created a balanced growing environment for them where they never lacked nothing but at the same time never wasted anything, will grow up to become children who will also show signs of strong financial intelligence. Do you agree?

yes that's right, financial education must start from home, I didn't get that from my parents but I have to do that to my child, seeing how Chinese people educate their children to be very disciplined in finance in my environment and most of my Chinese colleagues also say the same, skills in managing finances and turning money over since childhood become a very big capital in making financial decisions in adulthood, I totally agree with this.

Agree to disagree because not everything taught by the parents will be adopted by the children, but they do copy anything that the parents did.

Example is children who have strict parents, the parents don't allow almost everything because they use care as their excuse. But this doesn't mean the children will stop it completely, they can try to find other ways, like lying to their parents if they have extra subject while they actually want to play with their friends.

Rich Dad, Poor Dad is an example. One of the richest men in my country who happens to be owner of one of the top banks in the country has one of his kids in working in the bank. Another one who is a household name in cement manufacturing, also has one of his daughters in top management position. It begins from the home. It begins from watching and learning from ones parents it is not genetic. It is learned.

The Op believes that financial education needs to be given at home as that's the first school a child attends. You're right that not everything taught by the parents would be taken but that doesn't change the fact that the parents did it. Also, some parents don't inculcate that lesson to their kids actively but a smart kid still picks it up either way.
Some homes are big on placing restrictions on things they feel wont add value to their children but it depends on the people the kids around when they go to school that would also shape their mentality.
Everywhere is a training ground but mostly, it's what's gotten at home that plays a huge role in the child's life.

What about those that are not privileged to learn about this at home, financial education should begin from an institution of learning instead of starting from home. It's okay for parents to teach their kids about life and basic things that would help them In the future but it should be done more in schools. This is the reason why some schools are inculcating career programs and skill acquisition programs, this would equip young people for the future and what they can do to help themselves financially. What they should get more from home is support and guidance.

I strongly agree with you. The home is the first point of socialization for the child and children often copy what they see the elderly people do especially their parents. They see them as role model at that early stage, and whatever good they have seen their parents do that are producing positive results they will try to practice when they come of age. Even if you have enough money to spend in your family, parents should let their children also know that money should only be spent when necessary and when they do it should be on things that they actually need and not on wants. Children who grow up in environments like this hardly makes financial mistakes.

Generally, kids have a rapid understanding of whatever activities their parents introduce them to, but it's not a guarantee that they'll practice such actions as adults. A family that keeps a record sheet of all the expenses in the household tend to teach the children indirectly to do similar things when they start living alone. Atimes the expenses for the year can be shown to the kids to know the cost of all the things purchased for them by their parent. These things open the understanding of the young people to realize how crucial it is to keep records and minimize how they spend money.

The home is the place where the foundation to most of the things we make use of in real life is learned which is the reason why proper parenting can't be overemphasized. Be a parent that takes financial management seriously and you will raise kids who will be good at managing finances.

In the majority of cases, a hard-working parent will bring up hard-working children, A reckless spender who lives an unguided lifestyle will train his child to become just like himself except for a few exceptional cases where some external factors influence the child's behavior from wanting to be like the parent. No parent can completely exclude himself from what the child eventually become or the lifestyle he leaves when he becomes an adult, the parents action and inaction are the primary determinant that influence how the child handles finance, relationships and even the way he relates with people.

I would not agree that this is some kind of general rule, because you have countless examples where the children of the rich behave like drunk billionaires (which they are), and literally spend their parents' money like there is no tomorrow, which of course is not a problem for them because their parents have so much money that they cannot spend it in ten lifetimes.

15 Spoiled Kids Who Waste Their Famous Parents' Fortunes (https://www.therichest.com/world-entertainment/15-spoiled-kids-who-waste-their-famous-parents-fortunes/)

Children who live in difficult circumstances and who know how hard it can be to survive from day to day are often far more financially intelligent than most spoiled brats who have never had to work or give up anything in life.

Education do really starts up at our own home and if you do have kids then initial things will be starting up on which this isnt really just that talking about those subject-related things but whats the most important is on having that behavior-related traits and proper manners and everything will really be starting at home. If you are a parent then it will really be that our responsibility on how you should really be handling up your kids on which this is really that important. Although not all parents does have that sufficient time on guiding up their kids and this is why there's really that significant difference in between to those kids who are guided well and to those who are not. Somehow there are those kids that later do able to make it out and make adjustments as they do able to learn. Financial education will really be starting up at home and the rest will really be at school.
There are some other factors that will really be affecting out along the way but there are those kids which are having that intelligence despite on being not taught or really that learn up naturally and the rest will really be in other real situations and experience in life.

Home is a place to learn many things for the benefit of adulthood including education and financial literacy because it is very important for the capital of a prosperous life in the future, being able to manage finances well and this needs to be instilled as early as possible because at home we are taught by parents and also know how hard it is to find money that must be done with hard work so that money is truly appreciated and also treated well so that the money we have can increase.

And I first learned to save from my parents when I was in school, they always reminded me to save when given pocket money and the goal was to realize what I wanted and I had to save if I wanted to have something and with that I developed a lot about money and over time my parents also taught and gave me an idea of ​​how to invest so that the money I had could increase and all those lessons I couldn't get anywhere including at school.

I don’t even know how could someone think this is inherent. Money is not a biological factor. It was invented by society and not something you grow up naturally knowing about.
There is a fine line between strong financial discipline and just being too strict. I know parents who allowed their children to struggle even if they can afford to be comfortable under the guide of financial discipline and most of the time, the children end up splurging when they can afford because they were never allowed to buy anything when they are kids.

Sometimes, it's complicated. Not that children never learn from their parents, they do and not just from their parents but they literally learn from everything in their surrounding and when they grow above the teenage age, they can decide to leave a different life that is totally abstract from the life their parents wanted for them.
Financial education can start at home if the parents are actively schooling their kids in that manner and if the kid also understand well the importance as they grow, they can do well but some will ignore everything and live the kind of life they want.

Children tend to learn so many things from their parents. Through personal observation and home education, they abide by some of the attributes of parents. But it is noteworthy that children are also influenced by other agents of civilization. Children who were raised in financially intelligent families can still be influenced by friends, social media, and other institutions. So we end up seeing children from rich homes becoming lazy, addicts, and wasters. However, I agree that children from rich families have greater chances of becoming successful.

Needless of arguing about this cause the names you pointed out here are all living witnesses of men who have built the financial structures of their families to the next generation and they have already passed the knowledge of what they have been able to achieve to their kids even as they are working in their companies. Learning from the best is the goal and financial education from parents to their children is something that should be encouraged cause it helps to prepare the kids for tomorrow knowing that they are the next in line in the future.

One thing I've come to understand is that if you take the formal educational system as something created to make you a financial expert you will make a lot of mistakes. Financial understanding comes basically from experience and that is something that should be taught from someone with experience too.
Formal schooling basically gives you an advantage to stand out by being exposed and also adapt. There are many things related to financial success sometimes schools don't teach them.

No doubts about this, but you are talking about the rich, and there is a gap between the rich sometimes and financial discipline. Financial discipline and intelligence got some people rich, but because they are rich, they failed to create the mindset of avoiding waste in their children. This is why I used the phrase
There are still children of the rich who are very financially disciplined and do not encourage wastage this is because some of their parents did not because of the fact that they are rich not teach their children that wastage is not good.

Indeed, financial intelligence begins at home, if the house has financial intelligence to pass on. Most people are still working out their personal financial issues while raising children. All day teaching saving, investing, and budgeting is great; however, what about adaptation? What about risk assessment? What about knowing when to break the rules? Financial intelligence also includes this, and most parents hardly have that themselves

A child grown in a financially stable house is not always more financially smart. They’re just less traumatized by it. That’s a huge difference. It is a privilege rather than a strategy to grow up free from financial pressure. Real financial intelligence is not only avoiding but also about addressing uncertainty

Some societies encourage risk-taking, others teach financial discipline, some accept debt, some celebrate money at all costs. That conditioning runs deep. Is financial intelligence then formed at home? Yeah. Still, culture, experience, and suffering also help to define it. Books help some people learn about finance. Some come to know it by losing everything

And this could be your reason to be with your kid and teach them as early as possible about investing and business. Because by discussing this with your kids, they will learn how to decide on what to do and they see how you do it as well. If they see you reading BTC/USDT chart, they may also be interested in looking at its meaning.

When they say the fruit doesn't fall far from the tree, it means what it mean where you can influence your kids.

Op you could be right but not totally because nature has a way of clearing us against our understanding. Could you also say that the children of pastors are all well behaved interms of discipline, morally upright? The answer is no because we have seen some pastors children that are really off the hook.

So financial teachings or education at home doesn't mean all of the children will have such discipline, at least we understand that out of 12, a Judas will be present.

Not all bankers are good managers by the way.

Yeah it can be a genetic traits because when you see someone with such intelligency, if you go down to no more about them, you will see some resemblance that explains that some of the family members has such intelligence, However some are developed genetic traits intelligence because of the zeel they have to learn. Meanwhile you are also right about discipline because sometimes it may not even be about genetic but just the way on how they were treated from little about things that made them special, so any children that is raised that way can even be doing and thinking more than a grown up.
 

I believe that financial intelligence is not 100% of the genetic nature of a human being but because of hard work or something that comes from the process that is occupied while he is willing to do it since he started working or his simple sentence is the nature obtained.

The environment is a very decisive factor where he will go, what will be occupied and what motivation is obtained.
If everyday he is in an unhealthy environment from a financial perspective, then one day he will realize that he has nothing to be proud of.

This is a practical thing. You can't leave that to only schools. In fact, I don't believe you can teach kids in schools how to be financially intelligent. This is not something they learn by theory, and it's best when they see it from their parents.
I'm not saying it should not be taught in schools, but those who are privileged to have parents at home should learn that from the parents and that is how the practice should keep being passed down.

I agree that kids need to know how to manage money. how to always look for ways to make more money from the money they have. They should learn how to have priorities and a scale of preference but you cant teach kids this in a class because they might not even understand it until later on in life, but when they see their parents making these decisions and explaining it to them and answering their silly questions, they would learn faster and I will become part of them.

I completely agree with your point because the fact is that children while growing up learn from what they see, hear of what people around them it's more like the philosophical theory of tablet rasa that when you are born you are  like an empty slate so  it is what is written or acquired that a child grows with so what you teach your children matters a lot.


As parents we need to be intentional about what we do or say around our children because our children learn from us wether we like it or not so when it comes to the issue of financial education how a child will be in the future in the area of finance largely depends on the parents , because a child that grows up in a home where the parents have financial intelligence that child will grow up knowing what financial management is.

although i agree with you because i am a living witness of that.  Financial education begins from home is easy to say than done. but how many parents now are teaching and culturing their children the right way? financial education begins at home is for those  children who has fear and zeal to practice it. this thread reminds me of some parents, how they train their children in the right way and how they will never depart from it. Our lifestyle reflect in the character of our children . If we culture our children well buy educating them on financial management and also good attitude, it will reflect in their character anywhere they find themselves, but if not then the negative part will dominate or will be noticed more. because children are easy to learn, they may decide to learn the bad side so easily than the good, if  neglect them. We should also try to monitor the friends they keep because bad pear group corrupt them easily too. and that would be dangerous. a child from a good and humble beginning can become bad if not handled properly. We should be guided to train them in a moral and dicent way to prepare them for the future.

Education can be at home, at school, or both. Information is provided at school and at home to prepare your children for life. The important thing is when to give this education to your children. Parents should not raise their children like robots, they should support their children in the subjects they are talented in. Parents who direct their children to the fields they want even though they are not interested in them can sometimes cause their children to pursue a career in a field they do not want. Of course, parents want the best for their children's future, but these wishes should be related to their children's wishes. In some cases, when looking at the job opportunities in the country you live in, it is necessary to help your children in choosing a career, because if the field your child is interested in is an option that does not allow them to have a profession, you should explain this situation to your child and show them other career options.

The important thing is to choose well when to give this information and education to your children.

Children are fast learners and they always look at their parents as role model and this is one of the reasons that anything you do, you should be careful because your children are watching you, if you are someone that uses fowl language they will for sure copy you so when you start having kids you just have to be a different person to show good example because charity will always begin at home for children. As education they get from school one of the first education that is considered to be the first one is what they learn from home.



The moment you become a parent you have to be very observant in all aspects, because children are even smarter than what we think so paying a lot of attention to them is not going to be easy but it is something we can do. When parent are financially impactful then the children will definitely learn from there parent so the number one goal should be showing good examples so that they will learn from you and not just anyone but you as a parent. I think before anyone becomes a parent they need orientation. On how to father a child.

They say some babies will automatically close their eyes and hold their breath when submerged in water, that is a sort of inherent reaction that most humans will have built in from birth as a type of self preservation instinct. Beyond these sort of basic things, almost everything else is a trait that is taught and sometimes inherited in the environment that we are brought up in. Math is the foundation for learning useful financial knowledge, because you need to know at least the basics in order to understand the rest. Finance is most definitely an acquired trait and I have encountered vast swathes of people throughout my life who have never been taught very valuable financial information and end up having to learn it the hard (expensive) way.

What we must know is that children are emulator and imitator of their parents whenever their parents does during financial practice definitely reflects to them because they would also want to keep same practice to themselves by maintaining good financial practices, hence whenever they grew up through that means they wouldn't want to go out of practice so whatever the parent does they keeps records. That's why today every children loves doing what their parents are doing, so, if you are those that loves reading your children would also like to devote time to read just as you regularly does and I agreed with you that charity begins at home.

Whatever the kids see from their parents, they're also going to do it. So, if they see their parents as savers and investors or have some good money handling skills, they'll for sure going to immitate it. But if they see their parents that does something bad and just living a happy go-lucky life, they'd also think that it is the life that they want to live someday. I remember when I was a kid, my parents used to bring me to deposit money in the bank and I think that there is some impact to me until now.

I agree that it's sometimes paired with intelligence levels, but it's not necessary. From my personal experience, individuals with higher intelligence levels often managed their finances better, while others with lower levels, would spend their whole paycheck every single month. I have friends and acquaintances who struggle to put aside a single euro from their paycheck, and it's not about the amount of money they're earning, nor do they have any major expenses, it's just their inability to control themselves and have zero financial education.

Family teaches you what school doesn't, from behaviour, to manners, simple life skills and financial education. I personally remember my parents to always save up for emergencies, and if I'm honest, I never really had any major education for that matter, it's just something I acquired myself.

Financial education may create a huge impact if it starts at home. Good money habits should definitely be taught by parents from your childhood up to adolescence while you are still under their guidance. That way, you will be molded while growing about the value of money at an early age and that it should be spend on its right purpose and shouldn’t be wasted. Saving at an early age will create an impact throughout one’s life, as that could teach you to be more responsible as well in safekeeping your money.

This makes sense to me in a way. Parents also plays a crucial role in how their children grows up to think about money. The mentality children mold in their head about money while growing would in a large measure determine how they treat their finances in terms of thinking how to multiply it or always spending it on some stuffs.

I remember when we were growing and when visitors come to the house and after their visit when leaving they tend to leave a penny in our hands as kids (it's like a tradition in my place). Hence that money is given to us our parents gets it from us and save it on our behalf for future use. Such experience as a child taught me very much about the importance of savings while growing up.  Because that money usually comes in handy like a savior whenever we  needed to get some chocolates or something. Now imagine we used it immediately the visitor gifted it to us.

I agree with you but only to an extent because it doesn't work out well for everyone, most parents in the name of being strict forget that kids should be allowed to be kids sometimes. They deprive their kids of a whole lot of things that even with their super strict parents they rebel against the values they were taught as kids immediately they grow up and gain Independence. You will wonder how kids that were raised in a super financial discipline environment start indulging in the things they were denied as kids.

Some would agree but others would not. But you have actually a good point. Financial education may not be learned at home but they could also learned it at school and develop discipline and good financial management from its day to day activities.

However, lucky are those who have started to develop good money management at home because surely they have been exposed to good financial management at their primary years down to their adulthood stage. With that, there’s high chances that what they have learned from their parents will also be applied in their own family in the future.

Everyone is different no matter the training of the parents, the child will still need to behave the way she was created and destined to be despite any circumstances, children behave like their parents if the child decides to follow their footsteps no matter the strict training done on them, you can't change anything about it.

Remember your child is never you, and she has her dream life which would be shaped by her source of income, the financial usability will solely depends on her own understanding of how she's going to spend it and not relying on anyone's principles. Also, it's just an era, the era of her parents had long gone and so era determined the spending habits of an individual and it has nothing to be done down to their offspring.

Yes financial education starts at home the role of the family is very important in imparting financial education to children. Family members especially parents play the role of the first teacher of children. If they teach the concepts of financial management budgeting saving and spending correctly, then children will be able to use this knowledge later in life which will lead to their balanced development and will develop into financially aware and responsible people in the future.

Of course. A human being isn't born equipped with financial education. That isn't embedded in our DNA. It is taught. It is learned. It's about exposure.

But despite not learning financial education at home, it doesn't mean a person won't learn about it anymore. Otherwise, it might be impossible to break the cycle of financial ignorance. Schools should teach it. Advocates should make everybody aware of it via numerous channels. Financial educators could have a very wide reach when internet, television, radio, print media, and other avenues are maximized for this goal.

If you teach your children about financial intelligence while you practice strong financial discipline, yes that will help them grow up to become children who have a strong financial intelligence. But all will depend on how parents teach their children because some parents strict about the rules and not think that their children still needs to learn more about financial intelligence.

But I agree that everything start from home. Parents teach many things to their children how they can socialize with others, teach how they can place their position in the society and all things matter. Children is a like a white paper that depend on how their parents teach all things necessary for their life.

I agree, as people always say, that children are like empty notebooks, and they are filled with things that they see and observe, and it all starts from home. They see and observe what their parents do, and they learn that, and do it growing up. The actions and doings of a family, especially the parents, affect the upbringing of children within a household, and that applies on everything, including financial education, however, there is one thing that needs to be understood.

Some people put a lot of pressure on children of very small age, which isn't the right thing to do. You should do positive and informative things when they are around, and if they ask what you are doing or anything about the stuff you are doing, you should tell them, but don't specifically make them sit and teach them about things that aren't yet meant to be learned by them. This will only put a lot of pressure on their minds which isn't good.

In certain cases it is true because intelligence in maintaining better financial practices will emerge from the pattern of education given by parents.
I remember some friends who are successful in developing businesses and generally they have parents who like to do business so that children are used to living in that environment which will eventually do the same thing as their parents.
Although it cannot be said to be general because sometimes not all children follow their fathers but in the life that I have experienced almost most of them have succeeded in following in the footsteps of their parents' business.

Generally, parents will direct their children to do something that they build and the habits they do will be passed down to children who have the same character.
Discipline and following the habits that build from people will definitely give success to children and I believe that will happen if a child has the same interests as their parents.

I agree with you but at the same time I also don’t totally agree with you because, there are children who everything will be done for them to have all the best in life even giving them all the best training a child should get but end up getting distracted by peers maybe from the neighborhood or from school or so and at the long run end up with characters and behaviors which the parents might not even be aware.

Every parents would want to bring up their children in the right way and culture but it’s left for the child to accept corrections and be willing to abide by what it’s been taught from home.

This is very wrong, I said it was not genetic, and it cannot be a genetic trait or physiological trait. It can however be an acquired trait. Financial intelligence cannot be transferred from parents to offspring genetically.

I quite agree with that. Although children get financial and economic education in their schools, it is only theory, while in practice they need to learn from their parents about how to manage their finances wiser and better. Basic things like managing an allowance, savings, or even understanding household expenses, are good basic financial education for children. And it can be a good thing for them in the future so that they are not too wasteful and can manage their finances more independently.

I really agree with you. If financial education is a genetic trait, why then do we see in movies where the parents may be financial experts but have wasteful kids. I know you might say it's just the movies but sometimes movies are a reflection of what happens in real life. Being financially independent is a flex, but knowing how to be financially independent is a much bigger flex.

Yeah I agree to some extent, some children from such home sometimes may follow that same footsteps of there parent why some won't however it can be true that majority of children from such home practice strong financial discipline and that is why you see people say the rich always become rich from generation to generation that is because of the strong financial discipline practice in that family, some children from such home sometimes don't have that financial discipline and the reason for this is sometimes because of pressure group for example friends, I know of someone who's family practice this strong financial discipline but still he lacks it, his family is very rich and he spends money anyhow without control and the reason for these is because of the kind of friends he was keeping as soon as he stopped going out with such friends he stopped wasting money and started thinking about investment, as a parent it is very good to practice strong financial discipline in your home so your children can learn it is true all may not follow that footsteps but is better you practice it because it will help them in future.

I agree with what Op said about education starting at home and this does not only refer to one thing, but it refers to many things, as Op said with financial education where usually parents will always teach their children to be able to save for their future, this teaches them so that later when they are adults they understand that saving is quite important in life.
In addition, with others is the character of the child which can be said to depend on how much attention the parents give, many parents do not have time to spend time with their families and in my opinion this is one of the problems that can make the character of the child a little different. Like in the blog that I found which explains about the right character education for our children.
https://talkimg.com/images/2025/03/04/0U6cT.png (https://characterleads.com/parents-and-grandparents/)

Yes, I agree with what was said because financial discipline that is applied since childhood will be easily absorbed by their minds, it is different when they are adults it will be difficult to digest because they already have their own thoughts to determine it, so in managing finances it is very important to apply it from the beginning, especially for children because it will affect their lives when they are adults later, that way they will understand it better.

Yes and agree with you, the home is the first learning centre is the home where we come from, and when one is from a discipline home they don't have any choice than to follow what they have come to see from their where they are from. Children learn from their parents and when parents are financially discipline children see's it and they learn from saving every little money they have and they are so conscious in the way which they spend.

The lifestyle of parents really affect children the life of children, no doubt about it. Young parents needs to be conscious about their financial life because whatever it is that is what the children will pick up

I agree with you on this because I can use my family as a good example. My sister followed my mum in her business and was like her assistant back then when most of us do not have interest in the business. Today my younger sister is doing well as a successful business woman while most of us are doing 9/5 and cannot get close to where she has gotten to in terms of net asset. She have lived as an independent person for long and understand how to create and multiply wealth, something that most of us envy her for. The family can very much be a good starting point for financial education.

If you want to expose your children to financial education and you have a business that you are running, it's good you take them there during the weekends or when they are on holidays. Give them the money for the house up keep and, direct them on how to spend it. Also get saving box for them, and encourage them to be putting any money given to them as gift into their saving boxes.

how do we go about children who do not have a home or parents to start with? How do we generate the financial discipline? How do they gain their financial education?

true. This is actually a good way to establish their financial growth. They have to see how you do it too. Learn from it and also learn the discipline that comes with it. But what if the parents or home that lacks this discipline?

I agree with you, but sometimes it's not completely like that. People can redefine who they want to be even when they grow up in a financially strict family where their parents are good at financial management. There is nothing like wastage and no overspending. They can enact that from their parents and later still grow up to become a totally different person when it comes to financial decisions. It's something that we develop, build, and decide ourselves.

There is also reverse psychological work as well. As in, if you have parents who are terrible with money, then you could become better with money because you have seen the consequences of terrible money management could bring. I am sort of like that, not that I became rich or anything, but I became some fragile spender because of it. My mother and father earned enough, decent even, but they never saved a dime aside and paid for everything they wanted and even helped people around, when they shouldn't.

So what happened in the end? They retired poorly, and I do not want the same thing for me. So I am working towards making this a reality, and if I can make this work then I am sure that I will retire better than my parents did.

It is not guaranteed for every kid that have been educated financially at home to end up successful with their finances. It's not always that they'll obey their parents with how they're advised to be well with their money. But with the influence of the people that surrounds them at most times will also impact with how they decide with their lives. The spending habits really changes as we grow older and I've been there and done that, I am just lucky that I've come to realize my mistakes early.

Right, the environment you are being exposed to is a great factor that could clearly influence you to keep an eye on your finances or not. If you live in a house where everyone is being thrifty and does only buy those that are necessary, then most likely you will also adopt the same behavior. However, if you are being with family and friends who are party goers and spend their money like one day millionaires, your mindset about money will also be influenced by them.

First off, I want to say that I don’t mean to offend anyone here—this is just an observation that I found a little amusing.

I’ve been scrolling through this thread, and it’s kind of funny how almost every post seems to be pushing the same thing: ads for betting sites and casinos, all for the sake of making a quick $2-3 per post. I get it, we’re all trying to make a buck, but it’s just interesting how consistent it is.

Anyway, no hate—just thought I’d point it out.

For people who have a business or are currently running a business, it might be a little easier to introduce financial education to their own children, but for people who do not have their own business in their lives, it will certainly be a little difficult to provide such an introduction even though everyone can also learn valuable lessons from the actions of others or from the experiences of others in a business. However, for children, of course, they will be happier if they can see examples directly after studying some theories from their own parents.

Some people are not lucky enough to get it from their parent, I didn’t get any form of financial from my parent as well but I think some people can actually inherit that from their parents not actually any financial advice or information but their natural financial management (being a lavish spender or calculative spender) can be inherited.
It is very helpful to educate children about financial discipline and any other skill you want them to possess at a very young age because that is when they are able to learn things easily. I know a lot of things I couldn’t get with my parents which is why I will make sure my children gets to know them at a very early stage. This are little things we underestimate but are very useful at certain stages of their lives.

This is almost 80%true and true for any other thing, A child's upbringing has direct effect on their adulthood(life). As an adult, you learn what you where never taught or you unlearn what you knew, likewise relearn.

You can't learn everything as a child but the base or background matters alot.

As for someone's children, teaching them what you wished you were taught is a gateway to a better adulthood financially and otherwise

Some traits that works with financial intelligence are genetic but genetic is not enough. Intentionally trying to develop oneself in one area of life or the other does the magic better..

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Even as an adult, your circle of friends will to greater extent determine your makeup financially and otherwise..

You May be right, but I think it depends on the background you're coming from.You know their are some parents whose character is not Worth Emulating as a kid, reason been that they lack financial discipline or should I say is because when they were once a kid their parents never had the thought of errolling them in school or even teach them about financial discipline. and they grew up without even thinking of learning it all by themselves, which is why it keep affecting most of them in this thier Old age. Some parents don't even bother to erroll thier children in school, because they think that there will be no need for that since they were not errolled in any school during thier youthful age.

Why most children is opportune to have a parents that has all this qualifications, I think those are the lucky kids.

No intelligence has some genetic component but obviously environmental factors still are at play with how a child grows up to be. Intelligence as well as health can be inherited but how the kid grows up is a huge part of what he or she will become of in the future.

Some parents who are mathematically blessed can pass this down onto their children allowing them to be more adept at finances. Being observant, critical and mature are also characteristics that will bring financial maturity to a person. Those can be developed over time but could have been affected by the genes of the parents as well.

Yes, financial education is an undeniable important part of a child's development. A child should be made to understand the importance of being industrious and able to manage finances on his it her own and also be allowed to make their own mistakes and learn from it, still under the tutulege of his or her parents.

My cousin once told me of a scenario where his son gathers tins to sell to scrap men. On a certain day, a scrap man came to buy from his son and underpayed him because he was a child and even when the boy confronted the scrap man, he promised to bring the money the next day. The father having watched the whole scenario allowed the scrap man to go before calling his son and asking him how he intend recovering his money from the scrap man since he doesn't know him and he's gone.

He allowed the boy to make that mistake, lose the money and learn a very important financial lesson not to be deceived in business by fake promises.

If the parents know about financial literacy, they can already share some basic financial tips to their kids. I believe, you don't need to be accountant or mathematician for your kids to learn some financial strategies. Because saving alone will go a long way if they know how to save some money from their allowances. And just reminding them to buy necessary things and let go of luxury things will already be a good practice or a good start for them. Living simply will be a very good mindset to instill with the kids as they won't be aiming for material things. And that can be very useful for them as they live on their own without the parents around monitoring their move and decisions.

Simply put, children are a reflection of their parents. If their parents are bad at managing money, then the children will also be bad at managing money and vice versa. Therefore, if you want to teach good things and discipline to your children, then first fix yourself as a parent.

and one more thing, don't just be a parent who gives 100% of the education for children through school, after all, school is just a place to get a graduation certificate, the first place to learn is home including learning about finances.

Yes, this is why we can say that it will really be that situational on which there are those people that despite on having that lacks of parental guidance on which they do able to make themselves do able to learn up accordingly on which they would really be basing up into their observation or they would really be naturally be able to realize for themselves on whats good and whats bad on which this is really that actually a good thing, but somehow having that guidance will really be always the best since this is where you do able to have that good learning specially into our own parents on what are the basic things on which this will really be that not pertaining about on subjects or technicals but rather this will be pertaining about on the traits and behavior that you do really have. So it will really be that situational on where you will be that trying out to adapt or not.

Your words are true to some extent but not actually true totally. We have seen and come across situations where the children’s who are born with a silver spoon (wealthy homes) have no financial education and treat the money in their possession without any form of remorsefulness to how they should spend them since they were not the ones that worked for it.

I see the children of the middle class to be those that have more of financial education and treats and manage money well as they should and not the more children from the rich class. Financial education can be thought irrespective of the class of family the children originates from, it just depends on the parents and how they take it serious on them and force them to learn and adopt it for their own good.

However, this may not be the case at all times. There are those parents who are good in finances but their children grow up to be opposite since all they thought that money is just easy to provide. But eventually, as they grow up and build their own family, that’s the time they develop their own financial management so they can cater well to the needs of their family. Financial education and management may sometimes not be acquired at home but learned throughout the process because there’s certainly no choice.

That's right, we cannot learn everything as a child but life experience will teach the most of us. If we've been guided somehow during our childhood, we'll eventually remember it. Otherwise, we have to deal with it on our own without guidance, but that experience is the best teacher in our lives. Especially if it's about the finances that we need to manage. Just like my parents taught me when I was younger, they have taught me the importance of financial literacy. I just ignored it a long time ago until I grew up and became older, remembering the tips they've given me.

I totally agree with you here. Financial knowledge is something that must be learnt. Either personal learning or coaching. Coaching can be in form of grooming from childhood to adult level or having a mentor as an adult to be your coach. There are people too who learn it personally by reading books, attending seminar, gathering resources on the internet and learning out of experiences.

While growing up my parents were more of a working class people and they were only able to achieve little for us. But i want to be a business owner, who will employ and pay people to work for me.

Of course, a child can change many things in life by receiving family education. Parents act as their first teacher for a child. A child can master important things like morality, fairness, discipline, truthfulness, etc. by receiving family education. A child learns many behaviors from the behavior of his parents. If his parents have taught him financial education, then surely a child will learn from his parents. If a child is taught to spend money in the right way, then that child will definitely grow up to spend money in the right way. Children learn important things like generosity, controlling money spending, budgeting, etc. from the family. Therefore, a child should give importance to family education.

Agreed, teaching of possession of knowledge for effective control of finances from the early stages in life is a valuable asset of life. That is why, when a person is used to perceiving money as not just a tool to satisfy immediate desires but as something that should be planned for future, then the financial actions made in the adulthood will be more purposeful. Some of us did not have that provision from childhood but it does not therefore elate that the next generation should go through the same thing. Giving lessons to children on understanding, building, and achieving the value of money as well as teaching them to think far-sightedly every time they start earning money is an approach that may bring positive gains in the future. Not only the amount of money, but also the approaches to its spending are more planned and reasonable in this case.

I agree, environment as one of the factors that shape one's life. And so if he is brought upon a environment at home wherein their parents instill financial discipline, then for sure he will have this in his entire life.

Although there could be successful business that came from nothing, but this people are extraordinary and I will say that they have their own vision of like doesn't want the environment that they grew in, and so they shift their focus and their mentality to be the first millionaire in their family. But this could be just 1% though, when we are born, we don't choose our environment, it's either we adapt them or change them for the better. Another, is that we don't want our children to suffer those kind of bad trauma in life and so we want them to have a different mentality when they grow up, totally different from what we have seen (if it is a bad environment).

Yes, I agree, the environment does greatly influence a person's future life, especially in terms of financial intelligence, it is something that happens and can influence, it all starts from the environment and at home it can be an opportunity like basic education that is applied to start it, it all depends on the environment he was raised in and that can determine the success he has.

The role of parents does have quite an effect on the journey of children in adulthood and if they are equipped with knowledge about how to develop a business, the child will be much easier to develop.
Financial strategies sometimes do not require theory alone because people need to learn to understand how to run and that is taught by parents to their children who have businesses.
To make children have the skills to make money, education is needed that leads to the concept of development and here there are many things that they may learn without having to be accountants or mathematicians.

Many children are successful based on their parents' ability to educate, although sometimes there are some children who are successful based on their hard work.
But actually it cannot be separated from how parents direct them, whether they learn practically or the formal education they give their children.

I am also one of those who did not have that facility since childhood but it does not mean that we have to stay the same as our parents, we certainly need to have the will to learn even though slowly and slowly from what we can get every day from books or from friends who have a way of thinking about money much better than what our parents give us, likewise that we do not want to make our children experience the same thing and we want to improve our children to be better than we were in their childhood by gaining knowledge and understanding that is much better both in terms of financial literacy, social, principled in life and other manners as provisions for a much better future.

True, parents are the first teachers of a child. Children learn first from home before they start going to school - how to work, how to talk, it's all from home. So the chances of a child being very financially responsible in the future, knowing how to manage finance, multiply finance is from home. is going to be difficult for a child that grows in an abusive home where the dad is a drunkard and the mom just goes out in the morning, comes back in the evening, to be financially wise. They will have to learn probably from school, or if they happen to mix with people that are financially wise.

But the chances of a child that grows up in a home where both parents are actively present, showing them the way, chances of them being very responsible is higher, unless they choose to be wayward. But at least, you know, the parents are giving them first-hand information, and they know what it means to spend lavishly and what it means to save. So I agree, the home a child comes from matters a lot, it shapes their future a lot.

Children tend to take over everything else from the elders in the family and they see them living life on the move. Even if your financial situation is good, you have to teach the child not to waste money. If children are prevented from doing something, they get upset but they understand everything when they are in such a situation.

Yea I strongly agree with your statement, this is 90% possible that's to say it's very factual but there's also a saying that parents trained there children and a time will come when those children may decide to retrain themselves and this may be as a result of a total external body influence which is either their wife or friends but you made a very good point here, I will use myself as an example my father retired as a teacher and for people that are from my country, we know how disciplined those days teachers use to be, they are very much careful and deciplined with they way they spend and anything relating to their money, infact they plan everything monthly because their salary are been paid monthly, when i was in the university if i want to submit list to my dad for things i need, it must be itemized with prices written clearly, even when I submit the list to him, he will cancel some of the things he see as not necessary, this is where i grew up.

My father was very disciplined with finances to the extent that we the children started seeing him as a stingy person but at a time we understand that it's not about being stingy, he' a man with principles that understands that one needs to have a good foundation in other not go astray financially in the future, today he's very proud of us his children because we are aren't wasteful, we don't just spend but we calculate before we do things that relates to finances, my write up shows that I totally agree with your statement because am a practical example of that.

Financial education begins at home for rich people, not for poor people who become rich later. I have many examples around me of people who grew up in poor and uneducated families, where parents had no idea about finances and their children also didn't learn a thing about it at school or at home but they later managed to become rich and successful. There are some people who are hungry and have a huge desire to earn money, they work hard and then learn from their life experiences. You work and learn but when you are smart, you learn from the experience of yours and others and slowly you achieve your goals in life.
I also have examples of many people who grew up in rich families where their father and mother did everything to give them good financial education but they were unmotivated and lazy and ruined the family after the retirement of their mother and father.

I do agree that to some extent the family environment and education would influence the way that the child grows up to handle their money, however there are many other factors irrelevant of direct education about money that would effect how one would handle money.

I think the biggest problem is that how to generally manage personal finances is not a part of most school curriculum around the world.

Of course, I agree with you that financial education starts at home but some children don't get the right financial control from their parents when they are young; and the majority of them do not know how to stop spending money at this stage of their lives. Many children can see this as wickedness since their parents are punishing them for not spending money in the way they choose. Some parents may have the money, but they do not want their children to spend it so that they do not grow up with the same habits.

Financial education from parents is really important. In today's society, some parents destroy their children from the beginning and refuse to discipline them when they spend money on items that are not needed. If some parents discover that their children's spending is out of hand, they will want to stop it, but it will be too late since they failed to give them enough financial knowledge at the right age.

Yeah some time we can disagree on certain things, am of the opinion that certain intelligence has lot's of genetic traits and rudiments in as much as our environment has also has a role to play, but considering financial intelligence as a case study I would say it is entirely that of the environment and nothing to be talked about as being genetic in my observations, if you are found in an environment where every one seems to be busy looking out for a possible way of maximizing profits surely there must be a conformity compared to staying in environment where there is less of such opportunity, some learnt selling of commodity from parents of family members or some families have a business that runs from day to day so imagine growing up in such a family is entirely a different experience from those that doesn't have such privilege, but however parents can as well teach their children the importance of learning to make and manage money in various ways at an early age so that they will not grow up with much struggling by knowing the importance of financial education.

You need to educate them not only on spending money, but also earning money, that would make them better. The difference is, if you only give them free money to spend even if you limit the amount you give then they will always assume that money comes for free.

However, if you make them work, like do house chores as the simplest example then they would be able to learn the difference of making money that way and they would know how much effort could equal to how much job. Like for example doing the laundry would be 10 bucks, or doing the dishes would be 5 bucks, etc etc, and they can earn that way, make them do the house chores and they decide how much they want to work and how much they want to earn and afterwards they can spend however they want.

Children tend to copy their parents’ behavior most of the time. If their parents are dumb and irresponsible, then the kids will mist likely end up being retarded as well. There are many exceptions of course.

My parents didn’t know anything about the financial markets let alone crypro. They taught me other useful stuff but their skills in finance/trading were very bad.

If I had a family that knew about all those things, then I would have reached my goals way earlier.

Home financial education begins from the parents like you said mate, our parents must be mindful of the things they buy and allow at home. Don't give a child what he does not want or need. Parents must not give cash or open account for a child that's not up to 18years, or be allowed to operate an account if the parents has some saving for him.

This issue we face in our society today, parents contributed 45% after government.  Some parents are too careless about their child financial lifestyle  because them too are not good with finance, they spend careless in the present of their children.  

Lack of discipline by the parents is also a problem, these days parents no longer punish their children for wrong doings, even when they stole their money there is no punishment. When such child grow he will join bad gang and start stealing people money. Parents must seat up and take responsibility of their children financial life by showing good example.

If you learn how to make a dedicated investment on the side every month from your savings, then you should be fine. Savings as a word makes people think you should spend less than what you earn and put the rest into savings, but that is not how you should do it at all. You shouldn't get your salary, live until next salary, and see if you have any left, you would spend all of it anyways.

What you should do is, the moment you get your salary, you should be looking into how you could put some aside, without ever spending anything. That way you would be able to save a lot better and you would be able to pay for many things without a worry as well. It is not going to be an easy thing, but we should be looking into this becoming a more common thing.

Actually in this case genetics can be a difficult thing to separate but even if it is like that even though in the end there is no previous genetics when indeed in this case there is good parenting where parents try to provide a higher level of discipline especially for financial matters then I think in the end their offspring or children will be able to at least be able to keep up because they are used to financial discipline.

But this condition is still 50/50 because after all in this case when we are already in the adult phase then in the end all forms of action then indirectly we are responsible for it. Not a few parents are financially successful but their children cannot develop what their parents do and vice versa where parents who fail does not mean their children cannot be successful. Because it all depends on each choice. When we really want to be able to make some differentiators for our finances, we automatically have to work hard including trying to create self-discipline so that we are not wrong in acting later, especially when dealing with finances.

That is the reality of life that sometimes does not match expectations. What is clear is that it is mandatory for every parent to provide early education for children, one of which is education about financial management, of course according to their level of ability. Regardless of whether the children will succeed in becoming successful people or not. Indeed, there are people who are lucky enough to achieve success without getting adequate education, but the number may be only a few compared to the general population.

In my opinion, children who have received complete facilities from their parents, but then do not use them well, are basically lazy children. Parents cannot be blamed, they have tried their best. Education from parents and from school is one of the important indicators for achieving success, but to survive, they have to work for it themselves.

Fact is that everyone needs stimulus in order to develop and improve skills. If someone has been never exposed to financial education, how is he going to learn it, considering he probably doesn't even know about its existence?

That is the case of many people, if not most of them. Personally, I had no clue about financial education, investments and economy until 19 years old. The only thing I knew was saving account, which now I know to generate interest rates below the inflation, but during 2 decades of my life, I had that as a smart idea.

I guess I could have made much more progress if I had received the correct stimulus on that matter from home since an early age. But it didn't happen, and I had to discover it myself. So, financial education definitely doesn't begin from home.

When one has never been taught something then it does not come naturally to understand it no matter how hard one may try. If something has not been demonstrated cannot be known, then how can it be known that it has not been seen? This is evident in many facades in life, including the perception of the value of money, or the use of money. What have been deemed to be adequate before could have been a frontier that has not been crossed. The article is an order of magnitude longer than the usual writer’s introduction to their blog posts, due to the fact that, when one finally has more information, he or she can identify many things that have never been taught before. The things that have happened cannot be changed but with the understanding that comes with the present phase, it would make a better progression.

Children with generational wealth will tend to grow to become people who wont care how they spend their money. Elon Musk favorite son decided to change his gender status because he has the money in the world. This got the father pissed off because that is not the plan and footstep he want his son to follow. Instead of taking after his father footstep he chooses to become a transgender. The problem in the society is that children with a silver spoon dont get to know how the money was made they prefer leaving lavish.

Yes. It starts from the home.
The home is the natural environment where the individual grew up in and can be themselves without the fear of being seen as on outsider. In this home the financial education can take place formally, it can also be informally.

Anyone at home can be the financial educator, and it doesn't have to be a wealthy person. It can even be someone who was wealthy and became broke. We can learn from them too. The home is more that just the family of the person but the community where the person is native to and can take those financial education outside when they leave home.

We know the family as the first level of education. From the first journey of life until we can speak, we grow up with the family, from there we learn various types of manners and customs through the elders. The first place of learning in each of our lives is the family. Without this family, we would not have been able to learn, without them, we would not have grown so beautifully. Our family has accompanied us during the most important times of childhood.

Although the first important place in the intellectual development of a child is his mother. Every child starts teaching his mother first because after the birth of a child, his mother has more time with him. His mother teaches him various types of manners as he grows up. After all, it can be said that the first level of our education is our family, from here we learn everything beautifully and grow up.

When a child is given proper family education, he starts mastering many important habits from an early age. If he is given financial education from an early age, especially from school tiffin to shopping, if he is given family education, then he will spend according to the education given by his parents and will never let his unaccounted spending affect his family. However, in school life, children often spend irregularly under the influence of bad friends, which affects their personal life. Therefore, they should never deviate from the education given by their parents.

Some are genetically inherited from their parents and others are acquired through learning and experience after trying. I believe that everyone's path in life is different and it is always different from one person to another. If someone understands and knows how to do something to improve their finances for the better, then they will always be winners.

Some people get lucky at first and they try to develop themselves through learning and others continue to struggle despite experiencing repeated failures. Steps, time and preparation will determine because life is not always about luck because it takes preparation to get better financial wealth.

And who says that financial intelligence is genetic? There are a few things that are genetic traits like height, eye color, health and so on but financial intelligence is not one of them. Everything, related to knowledge is acquired later in life. The one thing that can be genetical is cognitive ability, i.e. if you are a son or daughter of very smart father and mother, there is a high chance you'll be intelligent too.

By the way, the environment where we grow up, defines us a lot. It starts from childhood when the child tries to copy others like father, mother, brother or sister. When you grow up in an environment where your parents are financially successful and managers or owners of million dollar companies, you gain experience from them, you learn the mentality of rich people and you automatically become part of the elites. There are also some people who, despite the fact that they have everything, fail miserably.

It is very important to always develop and learn something new. I mean economic knowledge, such as investing and money management. I also mean that you need to look for new fresh thoughts and developments. Every time Bitcoin grows, everyone cries that they should have bought it. But the future cannot be seen, but it can be predicted. And in order to predict, you need to constantly be in the field of news and fresh blockchain trends. Even if it seems strange, it does not mean that it will be promising tomorrow.

Personally I agree with your view but in theory we never know if it applies equally to all children in achieving financial freedom. The important part is that I experienced the conditions you are talking about because if my parents had not taught me how to make money through the business they started, maybe now I would never have known about investment and why I say that because the money I use for investment comes from the profits from the business I am involved in.

Parents play a role in educating their children and maybe the good and bad of a child cannot be separated from how their parents educate them. Conversely, the pattern of education for financial matters is because of how ready they are to get education to achieve success and generally it is given basic knowledge from parents.

Some of the things our children were doing comes as a result of how they have found their parents to be living at home, when things are not in an orderly manner with the parents, how do we expect the children to improve from that aspect when they were also learning indirectly from their parents because they are living together, there's also an additional attempt in making sure that our children also learn from the formal and informal financial education channels, this will also helps them improve more better in such aspect.

Of course I agree with you. Financial intelligence can be obtained from the living environment closest to one, here family is the most important factor. If you come from an entrepreneurial background, then you will gain financial intelligence as a future entrepreneur and that is how the cycle goes. The development of intelligence can continue to a higher level, such as getting an education at a university, this is also inseparable from family financial factors.
People who are free from financial problems will shape their children's character like themselves, while people from simple families will try to provide the best education for their children so that their children's lives are not as bad as their own.

Financial smarts aren't something you're born with, they come from your surroundings and habits. Kids who watch their parents budget, save, and make wise money moves just soak that up. Its less about being rich and more about the mindset. Good habits learned young can stick forever, but even if you didn't grow up with that, you can still pick it up later with the right influences.

Financial literacy is something anyone can build.  ;)

If financial intelligence were from our parents, the poor will not able to change their life and the rich will never go down.

Many people who were poor and able to change their live like become football player, E-sport player, unique talent or work abroad, slowly by slowly, they will learn financial management during their first salary and they will learn financial education when they have more money than what they spent.

Many people who born from rich parents actually spend too much money, it will depends on how good the parents taught them, living in rich environment aren't enough to make them understand about financial management. Not to mention many parents hide the way they manage money from their children.

Most institution teach financial education but the dwell more on the theoretical aspect The best place to get a first hand experience about finances is from our parents. The spend this money daily before us. The know how the manage their wealth so it can meet our basic needs. If the inculcate the habit of teaching their children from their experience it will help them better compared to anything  a child might learn from any institution.

All the career programs this so called schools organise how many of them have been able to impact the society? All they do is look for means to generate funds for themselves then come up with one enticing program that will interest both the students and their sponsors, after some weeks or a month plus the bring the program to an end without anything tangible to show as the proof of the program they organised.

Not still a guarantee because even if our parents will really be teaching us up then it wont really be that giving out that sureness that as their children will really be able to apply those things on what being taught, on which we do know that there would really be those factors on which it would really be affecting someones decisions whenever they are really that dealing up with something on which this is really that likely will really be that changing up on what they have learnt. This is why we cant really be that still able to say on what are the things that will happen along the way since there will be thing that will affect out but somehow being that taught about on the basics when it does really give out that awareness on which they will really be able to remember at the time or moment that we've been able to encounter and they think about again that they have been taught by their parents on which it is really that an advantage.

I agree with you on this, because if it is like that then I think it is unfair, because we also still have something called "working hard" to make the situation change and we have witnessed it. Especially I see how a footballer can do that, I say see footballers because I am a football fan so I follow a little more how they struggle.
You are also right, even someone who is born into a rich family often also falls into poverty. Not because their parents do not give lessons, but they themselves are unable or even unwilling to learn how to manage all the assets they inherit.

Yes, I agree that financial education starts from the family. A child starts learning from childhood and his only educational institution during childhood is the family. A child carries family education throughout his life.

Financial education is the most important thing for a person. What I have learned from my family is that a child should never be easily satisfied after expressing his needs. He should be made to feel needy and try to make the family's financial crisis visible. If a child understands the financial crisis in his childhood, then maybe he will make all kinds of efforts to become financially prosperous. But it should be noted that he should not get involved in any immoral activities or be deprived of education for financial prosperity. If you keep fulfilling all the needs of your child, his needs will continue to increase and he will be dependent on you to fulfill his needs. You should give your child such an education that he will be dependent on himself to fulfill his needs.

Yes, it needs to be implemented since the child is still small, by implementing from the beginning to the child, they will think that when they graduate from school they will definitely look for work and not depend on you to meet their needs, that is one way for them to live independently and be financially strong, although the method used to educate them requires patience in order to understand better.

As a child, of course, they will imitate things that their parents often do and as parents, of course, they must be able to show good things for their children to imitate and don't let them regret it later because their children do things they don't want while they obey their parents, of course this will be very disappointing for parents, because no matter how bad parents are, they certainly don't want their children to do bad things.
Providing formal education is certainly an obligation for parents because with additional formal and informal education, it will help the child develop in terms of financial management, they will also be able to get it from that education so that they can manage their finances well.

Is not every home that prioritizes financial literacy,most times they're only concerned about teaching the kids social behaviors,table manners,hygienic practices and their prospective religious beliefs.
I've been able to witness that so many parenthood don't personalize in indulging their children in financial habits meanwhile,it's equally important for financial education to begin from home.
 
Already financial behaviors such as saving,investing,budgeting and showing contentment are healthy financial habits and parents should realize that they cannot actually provide all of these things for their children that's why is expected of them to introduce, encourage,teach and lead their children by example.Having financial education from a strong and solid financial background is a must have in this 21st century and parents should cooperate.
 

I want to add a little to you, The only family demands the importance of growing up children A family plays a key role for the child With the efforts of the parents, a child can reach a higher peak in the society, and due to their neglect, the child may be immersed in the lowest cavity. My real experience Such a baby is unique in the development of merit but due to the neglected parents, the development of the talent gradually decreases and becomes mournful in terms of behavior. Parents give the child mental health to a child to grow up, and the child is very well adapted to the society Creates.

Family is the main focus of formal or informal child education Therefore, the parents of the family are established in the child society by joint venture Again, the is neglected by the child to enroll in the bad path.

This is one of the reasons that most wealthy families are still wealthy even after many centuries, and most poor families, even if not all, are still poor to date. Because as a child from wealthy families, you will be taught that before you feel like you need a new car, you will have to repair it and still use it until you see you can’t repair it anymore because you purchase another even though you know you have the money to buy new ones. That is why mostly you will not see a child from a wealthy family that always buys the trending ideas or even luxury, and I am talking about this with old money, not the new rich people. So you see, you will grow that knowledge that you don’t need to buy luxury or trading items just to prove you are rich.

A child is closest to its parents and learns to master all the functions of the parents within itself. If the members of a family are well-disciplined enough, a child will learn to master many things in a well-disciplined manner by observing those family members. If parents in a family can teach their children well in terms of financial advice, then the child will be able to use the education given by their parents in real life as they grow up.

Financial literacy is not yet popularly known by many people, maybe only upper-class families already understand it, while families with weak economies may not realize this, because they are busy thinking about how they can make money for their daily needs. We also cannot blame a situation like this, because in fact no one wants to, but circumstances force it. However, to teach their children to save, I think almost everyone has done it, but financial literacy is not just saving, but it is a broader discussion.

Not all children are close to their parents because sometimes parents who are too busy chasing finances will make them not have time with their families.
I often see people who have businesses do not have much time with their families so that children are increasingly distant from them.
But in the capacity of education I agree that parents have a role to provide education about discipline to children in building financial potential but it really depends on their age.

If parents succeed in educating their children to be better then it is an obligation but it is very unfortunate if parents fail to educate their children because they fail to be early educators for their children to grow and develop.

Every child is greatly influenced by his family education. If the parents are educated, the children of that family will also be educated. The children will move in the direction they give. In many families, due to not giving time to the children, they are being deprived of family education, which has become a big problem for their future. Since the children of many families are deprived of the love and affection of their parents, emotions have also stopped working in them. It is said that the main teacher of every child is his parents. Children who are far away from their parents will definitely lack education. Not only in financial matters but in all areas, there is a need for family education.

I completely agree with you, the support of parents is very important for a child to have a good future. A child spends most of the time with his parents, and if every time that child gets good education from his parents, then he will definitely get proper education. But nowadays parents are busy with their work, his father is in office all day, and his mother works all day, and that child spends the whole day alone. If educated and conscious parents take care of the mental and moral development of the child, then every child will grow up in right education. A beautiful future of a child, depends on childhood of a child. The kind of education a child receives in childhood, He will grow up that way for the future. So your child should be given proper education in childhood, if the parents keep their child away during this time, then his child will never be able to grow up well.

Many parents underestimate teaching literacy to their children, because they are busy with their own work, they even assume that financial literacy is also taught in schools. In fact, financial literacy is not taught in schools, so it is very important for every parent to educate their children about financial literacy as early as possible so that when they are adults they can manage their finances well. Even if parents die and leave assets for their children, they can manage them well.

Don't let our children grow up without this financial literacy, so that the concept of saving, let alone investing, is not applied at all in their lives. In the end, our children's principle is that the income earned now is for use now, look for it again tomorrow.

So if asked what should be there from an early age? The answer is that financial literacy must be there from an early age. So that they already understand the basics of financial report analysis, so that they can make decisions based on a priority scale. Don't make the wrong financial decisions, especially when they are 25-30 years old, it will be troublesome if there is no financial literacy at the beginning.

Absolutely right. We are watching millions of people who are rich because they read books in their 20s and they are living happily luxurious life but matter is there should be fire in the chest otherwise you will not be successful in your mission. Children who are grown with rich people have more chances to be rich person in the future and people should educated their children because if they will get knowledge early in life then they will be successful early in life.Your home could be teaching school if you are an educated person and you have knowledge of mind hack and you know how you will give the proper information to the children. Children will be rich in younger age .

Every parent has a responsibility to ensure and that is how they educate their children to develop much more to achieve a much better life process, because sometimes children do not all like the decisions made by their parents.
There are many cases that we have seen where the interests of children with parents are different where the father is a businessman but the child prefers other fields.

Parents can direct their children to follow in their footsteps but must also be remembered because sometimes a child has different skills. It is not wrong to educate children to follow in the footsteps of their parents, but it is much better when they develop in their own way and maybe all they need is encouragement.
Financial literacy is important and maybe definite steps need to be given to their children because if not, they will stop in the middle of the road and they will not be ready for the bad conditions that will occur.

Well, while this is true to some extent I will still disagree that parents financial discipline have less influence on their children. Quite alright, it's truth that financial intelligence is acquired and not genetic trait but likewise, financial intelligence is more of individual mindset than relating it to entire family practice. In various cases, we have seen children of a well financial discipline parents lavishing money on clubs and frivolities instead of practising on the existing protocol laid by their parents. Likewise, some people grew up in a society where savings and investment are not being talk about but they are well disciplined when it comes to finance other than wasting money as its being practice where they grew up from. In essence, it's more of individual mindset.

The only reason why will agree with you is because we all can grow and make our financial decision without anyone telling us what to do. I can take myself as an example because while growing up i was actually hoping to take the financial step my dad took but when i was in secondary school i notice he was scared of doing business so he rather chooses having a work for ever rather than setting up his own business. I made up my decision that i will become a business owner and never work for anyone.

Which this one really shows that anyone could be able to do up such independent decision despite on having been able to see up things on what their family is doing. If you do find and realize that your parents didnt made out such risks when you are still young then you have decided to take up step further because you have that wanting to take up the risks then it will really be that totally depending into your mindset and as long you do really know on what are the risks and potential problems ahead then it will really be that up to you. There are really that decisions in life on which you would really be needing to act if you do really want to have such changes because you will be needing up to make up such actions if you do really need up to have such changes. When you are really that being taught when you are young by your parents then it will really be that good initiative. If you are already that not contented on what you are currently experiencing as an adult then it will really be that up to you on how you do make out such initiative.

Educating children about managing money at home, has become a top priority for some parents, they apply how children can be more independent in treating money for himself and economically independently financially, both in the field of investment or learning economic management well.

Actually the child does need financial guidance, where the child with the upbringing understands about savings, charity and how to spend money for themselves, thus when they are adults Not wasteful and know which rights he and others, with the upbringing in the home of children will automatically be carried away when they come out what else when they are adults and have a permanent income, upbringing at home about money will be attached to their minds and hearts to any hood.

I agree that in the present era with the advancement of technology everything is being updated so learning something new will make it easier to reach the threshold of development and its trajectory will be easy to understand. By learning something new we are able to create new ideas and the future will be bright. When we learn something new we not only gain skills, but our willpower and perseverance also increase. Learning something new requires time and effort which strengthens our patience and willpower.

I agree and this path of knowing both yourself and some new disciplines always brings fruit, or This person who learned something new. Can use it to earn money more comfortable interesting prospectively, or such a person will show himself that his willpower is very strong, and he can achieve even more than he thinks.
It turns out that in any case, trying to learn something new or do something new will result in something good and you should always try to overcome yourself and get out of your comfort zone.

Correct. And basically the environment always plays an important role in children's growth and development. Especially in terms of the child's future thoughts. Including in economic or financial terms.

Being in a good environment, especially in a rich family that educates its children well, can also provide good opportunities for the child in the future. In particular, we know that the environment of rich people also provides strong relationships for children if they want to do business in the future. different from the environment of ordinary commoners where they even have to struggle just to get relationships and education. And yes, there must be a high fire of enthusiasm and motivation in the chest to ultimately have the desire to fight harder for the future.

In fact, everything should start at home. I also think that financial education should be a mandatory subject in schools, as well as encouraging entrepreneurship. The environment shapes our mindset (most of the time), and a family with financial intelligence will certainly pass this to their children.

The education system generally does not teach specifically about finance or how to make money - but it is a lesson about economics in general. Many of its graduates are destined to become workers or employees - while only a few of them succeed in developing themselves through their businesses. Many of us do not get enough financial education in school - of course this has prevented so many graduates from earning money independently without relying on government-provided jobs.

This situation is happening in almost all countries - not only in mine, but probably in yours too. So it is not surprising that more and more graduates are unemployed without suitable jobs - only a few of them actually manage to get gainful employment.

Usually, in schools and colleges, students are divided into groups and taught various subjects. Especially science students are taught all science-based subjects. Here, they are not taught any family education. Commerce students are taught about financial matters and are basically taught enough to start a business venture. However, no matter how much education is provided in schools and colleges, schools and colleges will never provide a realistic education like the education a child receives from his parents in the family. So basically, a child receives financial advice from the family and all the education to become an entrepreneur from the family.

Is not everyone that can grow and help them self grow because all they care about at the moment is they want to grow but they are always scared of making some decisions and you will not move forward if you are consumed by fear, because what is affecting most people is not other than fear and they even end up ending does dreams because they leave in fear.

And when you want to get your finances fixed you will need to do serious investigations on how people have succeeded,  so that you can actually learn because there are things that will help you grow, because in the finance sector it is actually not easy because the obstacles are much, so you have to learn to manage them to be able to move forward. And the decision you make for your self, and there is not as interesting as been your own boss.

Not only that it would be pass through but also it does give out that knowledge on which later on their life on which it could really be that so useful or lets say that most of the time of their life will really be needing up that financial literacy. For you as a parent then its true that everything would really be that begins at home on which it isnt really that just talking about financial aspect but also in behavioral as well.

It would be somewhat understandable that there would be instances or cases that parents couldnt really be able to do so because of some hectic schedule specially on their job related or some business on which everything is really being done for the family. This is why us parents will really be that doing our very best on giving them the best education on which it will really be that the best option to have and the rest will really be that learnt through naturally.

I agree with you on this, there are lots of things that children should acquire and learn from their parents, this is why if you are someone that has no values then you shouldn't think of starting a family. There are things that should be instilled in the minds of these kids, it's very disappointing that most children born into a rich family are not taught financial management, this is why when things goes bad for them they find it difficult to do anything for themselves because they always depend on their parents wealth and this can be a problem.

Of course, financial literacy education will be needed for children so that they can manage their finances well when they are adults and in terms of behavior, of course children will always imitate what their parents do and it is also important as parents not to do things that are inappropriate for children to imitate.
If as parents you have a lot of busyness, of course it will be difficult to pay attention to the development of their children so they have to look for helpers to take care of all their children's needs and regarding education, of course they will choose a place that can make them develop better, but as parents, of course they need to occasionally take the time to see the development of their children.

We that grew up from poor background and also those who struggle to survive or earn a living will find it difficult to understand what financial education is all about but this kind of people end up understanding more better about this financial education than those who came from rich background, those from rich background always gets finance without much struggle so they likely miss-spend money because they knew they will still get it back because there parents is up and doing.

It is better we teach our children this things how they can manage finance so that they won't have this experience of been financially stable and later go broke it is always difficult to defeat poverty once is been defeated make sure you don't go back to it again because it is always difficult.

Parents are first models to their children, they observe and imitate what their parents does on daily basis. Have seen parents teaching their children on how to save in piggy bank and these will help them to develop healthy money management lifestyle from small till when they grow older.

Home is where children learn about real world financial situation such as buying food item's, making budget, buying appliances, or clothing and some children are also given allowance by their parents on monthly basis.

Teaching them on good financial habits and lifestyle can create a long lasting effect till they grow older, though not all children have these experiences from their parents. I do agree that parent's should teach their children about money management, interact with them, allow them make decisions, and encourage them on hard work and spending money responsibly.

Your words are true but in some cases it is not true because we have seen many children of rich men that turnout not to be in the same shoe as their parents, in fact, some of them even lavish all their parents investment to bankrupt them to start from scratch again.

Some children whom their parents are financial experts do become financial experts as their parents because they inherited it from their parents and they have good practice from them and the parents might have given them some part of their business to be managing just to gain experience.

Many financial experts to end up been taken over by their children which means they have good financial background from their parents which is the best way to have the basic financial knowledge before going further to learn from school and any other platform.

Yes, I agree. Literacy in children must start from parents, because it is not taught in schools, at most schools only teach to save, not specifically. However, many people, even though they are not taught at home or at school, can successfully manage their finances because they learn it from the Internet and from sharing from their environment. In essence, financial literacy does not come by itself, we must learn it and must practice as early as possible so that it becomes a habit.

Because in my opinion, to be able to manage finances in the future is difficult, the most difficult thing is not saving. But in my opinion, managing finances is a habit and self-control that takes a long time so that it can become a habit. So indeed literacy in children must be taught as early as possible from home so that they get used to it and make it a habit when they are adults.

I sometimes see that financial literacy applied by Chinese families is very good, they seem to make financial literacy that is passed down from generation to generation taught in the family. They do not only teach about "saving" at the dinner table, but they also teach how to manage money, where to invest, even how to do good business. I take the example of Chinese people because so far that is what I have seen from the lives of Chinese people.

Obviously, it's a basic thing that children learn from what they see and experience as they grow up, so if a family, which means both parents or even other adults, are in financial sectors as professionals, their children will learn about those things as they grow up, just as how a child in a doctors house will have more interest in medical stuff growing up because they see, hear, and experience those terms and things as they grow up.

This is why people always say that we should do positive and good things in front of our children because they are in a learning phase and they will learn anything that you do. How do children learn to speak? And why do children speak the same languages as their parents? It's because they hear them speak all the time, and they pick up whatever they hear and then use it.

The both of your responses express inherited knowledge, how do you believe financial experts born thyself. Their kids won't have to do the extraordinary works; savings, spending on priorities, going for big deals...anymore? Mr. A won't benefit from Mr. B's knowledge if he doesn't read and research on the particular subject. Children adopt information willingly, medical practitioners also have drug addicts in their homes. It's a sad world. Although, it's great to begin financial education early, many regret why they began now, kids couldn't care less. Such parents must persist.

I strongly agree with you that, financial education and literacy begins from the home just as both good and bad characters is first learned from home and if a child is raised in a home with financial recklessness, then, there are higher possibilities that such a child, might grow to be financially reckless.
Parents should always try to teach their children the financial responsibility and discipline and in a typical Africa home, most parents do not have the time to teach their children about financial independence and responsibility.
There are also cases where children learn some funny and wrong behaviors from peers outside their homes, but it’s still piped torn to their parents to correct them in love whenever they notice something wrong.

His family is the key to children's life. Without a family, a child is like a floating boat. Just as the boat cannot reach its destination without the sailor, a child without a family cannot reach his specific goal. I saw children on the sidewalk they were involved in various immoral activities outside the society The reason is that they do not get good companions because there are no families, they cannot run life morally. The parents of the family play a fundamental role in raising a child, which is not seen on the path of pedestrians.

In a family, the child is growing depending on parents. In the ideals of parents, children can be a good person. Again, a child can go badly because of parents. If parents are a service in a family, then the children of that family are good people because they have parents.

There is no argument that the doctor's son is a doctor, engineer's son engineer, teacher's son teacher. But if you can create a baby's mental development in these subjects, they can gain moral knowledge about it.

Financial education should be as important as every other thing a child learns in school because that's the most important knowledge that would help the child in the future. The child needs to learn about a lot of things but financial management is important to know.. it's funny that things like this are overlooked...The child should be encouraged to learn a skill or entrepreneurship while acquiring secondary education, these are things that I would teach my child, I was opportuned to learn these as a kid, everything shouldn't be taught in school, parents should also play their part.

Of course, the role of parents is the main one in Financial education because they can explain to children so that they understand it and there is more time at home than at school. I think that learning is also available at school, it's just that there won't be much time considering that lessons at school are limited and there is a lot of learning material. In teaching financial Education, of course it takes time for children to understand it to in implemented it when they are adults.

I think that most of the time parents can be blamed. When parents are rich and buy everything for their kids, then their kids lose motivation in life. I have a friend who grew up in a poor family and is successful because of hunger. his brother, who is almost the same age, is also successful, but their younger brother, who was born 10 years later, grew up in an environment where the family was very capable and not poor anymore. This kid is growing up in an environment where he has everything from parents and brothers, he plays mostly and doesn't have a motivation to fight for anything because his one word is enough to get his wish fulfilled.

Whenever a kid do really do such thing or their sons/daughters do behave or something in correlated, then almost everyone or all of us will really be trying out to reflect on what their parents had done on raising them. Lets say that if a person do made out such act then they would really be that always be speaking about against into the parents on how that person being raised specially if this one talks about behavior and other acts on which it will really be that able to reflect then their parents will really be that getting all the blame on which i could also say the same thing. This is why at the time that you would really be that trying out to see someone doing such things then there are those times that it will really be that in line with their own will.

Financial education would really be that starting from home but due to busy work and doesnt have much time for some parents then they wont really be able to teach up these things accordingly.
They will really be that rather be focusing into their job since this is where they will really be that getting such income. Parental guidance is needed but it will really be that minimal as expected.

Children are like a blank sheet of paper and what kind of person they become largely depends on adults, and parents are the ones primarily responsible for their personality, thoughts and actions. As parents, we should spend time caring for and educating our children properly. Let's not just follow money, and throw money at them and think that's the best thing for them. We need money to take care of them but what children need is care and attention from their parents, not just money.

There is nothing wrong with giving your children a life full of comforts, but teach them to appreciate those things and show them how hard it is to achieve those things. Letting children grow up in poor environments without adequate education does not guarantee that they will be good and successful. It all depends on how we educate them.

Financial education is important to do, we must also make sure that we begin this with our children form home, when we start to engage them in handling money and helps them to understand the reason for why we have to plan and spend wisely, also we can teach them part of the financial economy education in learning what is money cost and opportunity cost, difference between needs and wants and scale of preference, all these will prefer them ahead of the future awaiting them.

Financial education is essential, and it starts at home. A child grows up in his family and will grow up the way the elders of that family teach him. While a child grows up, we give him various types of education, among which financial education is also essential. We teach children to use small amounts of money by giving them money. Financial education is the most important because when a child grows up, he will have to make transactions. This financial education will be the only tool on which his future path depends, on which he will move forward in various sectors.

Parents are the first example for a child in anything, including in terms of finance, because apart from school, where time itself is indeed more limited when a child wants to learn anything. Of course, the main foundation that can encourage them to study harder is from their own parents because their own parents can play a role beyond a teacher like at school, so that greater assistance must come from their own parents. Because every experience that has been obtained by parents can be directly passed on to their own children without any intermediaries through anything.

I agree with you 100 percent that financial education begins at home, the habit that we see a child or a person always started at home and it is from our parents and the environment or the background we come from, some people come from a family where they never lack and also a family where they see everything as a small thing and some of us come from a background where to eat in a day is very difficult for us,  I matter how is it if a poor person later gets reach it will be very difficult to see the person spending anyhow without thinking but if someone is born in a rich family the person can spend anyhow because he believes there are more to come.

I know that some poor people who lavish money anyhow when they make money but anyhow it is the spending will be different from a person who grows up in a rich family or environment where they don’t lack anything, there are still some people that come from a rich family and they are well trained and know how to manage when it comes to financial literacy.

children are fast learners and you will not underestimate how they grab information very fast that is why parents have to be very careful and most of them whatever they see their parents do that is exactly what they will want to do and that is why they say a lot of things begins at home, and they see there parents as there role model and that is why every parent must be ready to impact what is good in their child to avoid showing some bad habits to our kids.


yeah because when you show a very bad example the kids will want to follow, it is better to show positive energy even among how kids and in time of speaking and even when it comes to fiance they should learn how to manage the money it will be better because this is the few things you can teach your child, and they will grow with it because as a parent you are responsible to bring up a better child to the society and not a problem.

Agreed. One of the important concepts that we must instill in children from an early age is financial education. Because financial education may be one of the basic principles that govern many aspects of a child's future life. It will be a mess when facing life when someone does not have good financial education because this will have long-term impacts.

Teaching literacy to children is indeed a bit complicated, especially if they are still in elementary school, but this needs to be done early on so that it becomes a habit for children about the importance of financial literacy. Maybe we wonder how to teach financial management to elementary school children who are still cute.

In my opinion, there are two things that need to be built early on, namely saving and delaying desires. Because, these two factors will be the foundation for children in the future. Saving needs to be taught from an early age because it will form a habit of not spending 100% of the pocket money given to buy desires in the future. This indirectly also teaches to delay desires for greater goals in the future.

Let me say based on my own observation or point of view making money or having investment is not all about trait, are any genetic condition it is based on what you have understand here and your way of doing anything that pleases you so what I want us to understand is for we to become whatever thing we want to become on Earth it is based on our Foundation and our plans because if you don't strategize very well I think we cannot make a good thing out of our life so I believe that our success come from the way we plan ourselves the way we lay our foundations so that is how our success come from not by genetic trait.

Parents think teaching their children finance will make them wise quickly and start looking for how to make money at that early stage instead of focusing on education. In some part of the world, young children are being giving a chances to master the craft their parents are into. They are doing this not because they want them to take over immediately but because anything can happen in life. That wil no be one hope for the children to survive in this wicked world.

Many parents have no idea a bout finances around me, so they can't teach anything to their kids. I don't want to act arrogant but I had more financial education than my parents when I was sixteen. My parents were always suggesting me to hold USD and stupid me sold some Bitcoins that I had and kept USD. In 2017, I decided to not listed to my parents ever and I started holding of Bitcoin again and I can't be more happier, it was a great decision and today I know more than many people.

I think that uneducated parents do that, who just got some money because they haven't seen money before, that's the situation around me. As you said, the child needs care and attention from parents, but sadly, they mostly provide money and not care. Btw I agree with your opinion, well said.

Children generally need to be taught through hands-on experience how to balance income and expenses. In this age of inflation, children need to avoid unnecessary spending and be taught by their families how to budget and spend. Excessive unnecessary expenses greatly affect the quality of life and if at some point the amount of expenses is more than the income, then of course there will be additional pressure on the family for additional expenses. Therefore, economic education should be given to children from the family itself.

You're right financial education have been neglected over the years this is why  we have wrong and bad financial management system in the society, just as one is groomed with some etiquette at home that will help the individual in the future, so is financial education highly recommended and required to be taught at home. So yes it should begin at home cause we are in the computer age now and the world develops every now and then so inculcating in our kids this knowledge will definitely have alot of benefits overtime .. I strongly agree to it but sometimes some don't get groomed in this manner but they put it up to themselves to do better in it.

That is why you see the different between those children that was financial educated than those that was not financial educated, those that financial educated by their parents will not spend money anyhow than to look for potential investment to deposit the money to generate more money in the future. But those that are not financial educated will spend money anyhow without thinking what to invest, because they were not train in  financial management.

If your parents have the knowledge of investment and you have see what they have achieved from the investment, you will like to follow their steps for you to have the knowledge to grow financially in any investment.

And the parents need to grow them with guidance with how to handle money properly.

It's a fact that financial education really starts with how the parents engage with their children and show them on how to take care with hard earned money.

Because if they're going to spoil them a lot, that's not fine but with some spoiling it's totally fine IMO but with limits still.

It is difficult for a child who went through proper training from a young age until they reach of legal age not to have the same attitude and lifestyle as their parents. When parents fail to spend more time with the children, there becomes a loop for bad behaviors, children learn the basics why they are little, at the same time they begin social gatherings like schools and team events, mixing up with other children they now have mixed learnings from house and gatherings, the bad behaviors are supposed to be corrected by the parents.

This is a problem with the rich folks, giving too much to kids right from a tender age will affect them not to manage what they have, even if it's in excess, worst could be those who don't and have never worked for money, children like that are always the lavish ones and mentality of managing budgets is never what they consider.

The truth is that every parent that is wealthy wants their children to continue in their legacy that is why there is generational wealth in most homes today, and it also depends on the financial discipline of the parents just like you stated because if they are not disciplined in their finances, it could be difficult to pass wealth to their offspring. In the past, most rich kids believes that their parents wealth is also theirs and that mentality misled a lot of children such that they don't work anymore because their parents already had money but it made them become so lazy and unable to manage the wealth after the demise of their parents but in this modern day, parents even start teaching their children how to make their own money right from a very tender age and it has really helped because they now understand what it takes to make their own money which made them to be cautious about their money and applied disciplinary measures that paved way for generational wealth.

Parents guidance is another aspect that helps in patterning the life of kids very well. Their are some parents who have good financial management,  their is a way you handle your kids that can affect ther life so bad, by gifting them everything they ask. At the early stage of every child the parents have a very huge role to play by controlling their urge for the things they want because sometimes when parents provides everything the child's needs, you may think you are doing the right thing for the child but not knowing you are spoiling the child.

When parents are able to train a child well at the early stage of age, at a time they can easily learn by just watching the lifestyle of their parents,  so parents have a role to play for children to adopt their lifestyle.

Education is the most important thing in this world for the survival of human beings. The ability of children depends on the behavior of their parents because they learn from their parents. If we talk about Financial education, if the parents are educated and aware of spending money for the right purpose, their children will also learn how to shape their decisions and habits. Children who are financially educated by their parents can manage money responsibly. They will prioritize the investments and long-term financial benefits to secure their future. This education includes budgeting, saving, and investing to generate more money. When parents have proper investment knowledge, children will be motivated and automatically follow their parents and be successful. On the other side, children with no financial education struggle to manage their money, and they will spend recklessly. Without knowledge, they will waste their time and money because they don't know how to save and invest. So, Financial Education is very important for children, and they learn it from home.

Even rich people had been strict with their spending habits because they wanted to teach and make their children feel that money is not easy to get.
A good education and proper teaching help our kids not just learn how to spend wisely, but also for them grow, not just have an easy life. Because in the case they will be alone and away from their parents, they will know what they should have to do.

I don't know why some parents don't take this seriously. In fact, they treat their kids like babies.

Every individual should have have scale of preference,your daily spendings should be prioritized
Train your mind to invest on things that are of utmost importance.

Carefully state your needs hierarchically and work towards achieving them through your income, ensure your expenditures does not outweigh your income
By so doing you would save yourself from financial recklessness.

You won't learn financial education from the society, its a personal Training of the mind and parental background.

Op I agree completely with you because one thing that I believe is that what ever a person is today has something to do with the formatives years of that person when he or she was with the parents because there is this thing about children it's Said that they learn subconsciously so if a child grows up in an environment where there is high level of financial discipline and control that child will naturally grow up with a strong financial intelligence rate and will become a part of him or her which will be helpful to such a person later in life, financial education starts from the home and any parent that wants the best for their children in terms of financial management skills will inculcate such characters to their children

Children are fast learners and they start their learning from what they see happening around them so parents needs to watch themselves as to how they go with their finances, parents needs to show their children how to invest their money and how to spend carefully so that they won't be involved in reckless spending when they are in a position where they having money. Remember financial education is not something that kids should joke with as it will affect al aspect of their life if they fail to learn from their parents on how to manage money they will find it difficult to make good use of their money.

This made me remember a quote that says, “You can bend a young, fresh stick, but you can’t bend an old, dry stick,” because a small child will find it very easy to learn and practice, but someone that is already mature will have to struggle to maintain that standard of learning new things, most especially when it’s involved finances. That is why in most cases we see rich people getting richer in generations due to the knowledge about money that they were able to access at home and also at a young age.

So no doubt having financial knowledge at a young age is very relevant when it comes to making financial decisions in the future because they will like to practise it, and there is a higher chance of them succeeding due to knowledge and exposure.

I disagree with the statement that financial education begins at home because Children may learn it from observing the lives of other successful personalities. Home environment indeed affects children's way of thinking a lot, but in the present era, Children learn a lot from social media, their surroundings, and get motivated after watching some successful personalities. Schools play a very important role in teaching students the basics of budgeting, saving, and investing for their future benefits. Many financial concepts, like credit scores or stock markets, are too complex for young children to understand.
Moreover, some families don't have the resources to invest or save. According to the statement that financial education begins at home, I don't think that poor people's children could become successful. Because their parents had nothing to invest, how can their children learn Financial education from them?

I think financial literacy has a lot to do with family background. Have you read the book ‘Rich Dad, Poor Dad’? If you have, you will find that the realities and experiences of the Rich dad and the Poor dad were very different. Their views on money and investments were very different even though they were both educated. I don’t believe that there is a money gene or that some people are gifted with the ability to generate wealth, that’s crazy but I do believe that having a family that understands how money works gives you a better chance at succeeding than others who do not have such foundation.

Financial education will certainly start from home, but majority of this comes from experience and not from parents. yes parents also play a role but the real knowledge of finacial discipline comes from experience of past mistakes.

Yes , you are right. There are thousands of people who are rich but their sons are not hard working because they have land and they are selling their land and they are becoming poorer and poorer with time.  In the comparison, there are also rich people are available in the society and they got many lessons from their father and father is king in the society because all brothers are doing effort for money. Money is important in life but every person have to sell anything to earn money but when person has more money than expectations then he will be idol . They have no discipline which will make them successful in life and they are losing their abilities with time.Being poor is very easy but being rich is very difficult and need discipline for this.

Another thing we need to know about this topic, financial education given to children is not a guarantee they will be financially discipline when it comes to money. 

There are children who are not ready to learn this financial education because they feel the discipline is too much for them, and the reason why they are not ready to bend to financial discipline is because they know they have parents who are doing doing financially better who they can always run to.

 It takes discipline for a child to be willing to accept the teaching of financial education and to adopt the lifestyle.  I have seen so many parents who discipline with finance but their children is different from what they are. I think people learn to become financially discipline when they can't really afford things and when they eventually make money it is now part of their lifestyle, those who came to see money and everything set for them don't even care about financial education.

Well, this would really be that situational on which there would really be those kids that they dont have a parents on which that knowledgeable on everything on which it would be rather than they would be lacking into that particular aspect. This is why its really that important that if your parents were capable on sending you in the school then it will really be that better that you should really be that taking it seriously and thrive out on finishing your studies no matter what. This is only the way that you can be able to expand out your thinking and knowledge on which its something that you cant be able to learn on your own home. Somehow parents will really be having no kind of actions on which they would really be that educating their kids on which it will be that relies on what their school would be teaching.

Despite of those kind of lacking of education on the basics but it will be still that relevant that these parents should be teaching about proper behavior and value. Its not really that compulsory though but everything would really be starting on someones home and it will really be that understandable that you should really be that trying out to instill into your mind on how your parents do raised you. They might really be having those kind of lacking when it comes to teaching up things but if you are really that mindful about on different things then you wont really be that limiting yourself.

That makes sense and indeed what happens in the field is like that, although I also do not think that all are the same that everything is based on what kind of family they come from. However, when in the middle or born as a child of a rich person who has good financial literacy, then parents will definitely pay attention to their children about financial literacy.

However, it does not mean that those who come from simple families do not have such thoughts, it's just that they are constrained by needs that sometimes if they don't work for a day then they won't be able to eat. So it can also be said that children are victims. However, if the child's mindset is positive, then they will find out for themselves and bring about changes in the family's finances.

I don't really agree to that though I would give that agreement a 30% over 100%. Most of the youths making money today is not a lesson from home sometimes our parents don't even know how we get our money, in Africa precisely parents don't care to know where we get our money from far as you give them something to hold everyday you come back home. If financial education begins from home what about those who did not grow under parental care or guidance.

Whatever you learn is from your youthful age not as a child it is hard for a child to hold on to what his or her parent taught them once they get engaged with the society and see their peers.

70% of success and financial education is a motivation of the society in my country they call it street that's the genuine truth.

Meaning you did not get any financial education from your parents? Maybe you have forgotten because parents always send their children to the market to get them some goods for family consumption, which they will tell you how to talk to sellers before pricing the goods. Before I enter school, I have some ideas on some investment which if I have the money right now I will develop massive profits from the investment, because I had associates with some investors in the past when I was a child.

I know that people are different in catching up with knowledge, some of the things am displaying now in my place of work, I learned them from my parents because they are honest parent which is the reason they don't struggle to achieve success.

If your parents do that having that approach on trying to teach up their kids with financial literacy at least then it will be giving out that kind of learnings at young age. It might not that a major thing or something which isnt complete but its something that be helpful when it comes on giving out some ideas on what are the things that they will be that able to face or encounter ahead. This isnt that talking about financial literacy but also in behavioral aspect on which this will be that helpful on their overall being and thats the beauty of it. In overall then its recommended for a parent to have such kind of parenting on where they will be that trying out to teach up things and everything will be that starting from their own home and just like on what most parents doing but there will be those lapses in this regard or simply cant be perfect.

Of course children need to be taught on how to balance income and expenses more especially when they're young so that before they will get to the age of 18 by then they will be used to it, because I have seen majority of our youth spending money unnecessarily without even considering that thier parents went through a lot before they could get those Money. though sometimes I don't always blame them for spending their parents money unnecessarily, Because it could be that that's what they taught them when they were once a kid.

Good parents will definitely teach their children good things too so I'm not sure if those who are wrong in spending money are the result of what their own parents taught them in the past. Because I also often see more young people who are rebellious when taught by their own parents so that they never care at all about what their parents taught them about it so that they are more inclined to ignore and not care about spending money in places they don't need now.

If a child is not given a complete and good idea about his income and expenditure in advance, then that child will never be able to be financially prudent in the future. Maybe he is spending more than he earns or is earning but is not willing to spend. Here it is important to teach him how to keep a balance between income and expenditure. Moreover, this education will not only give him a good idea about his income and expenditure but will also focus on how to take decisions in financial matters according to his position. If someone can acquire the issues of how much a person should spend and how to reduce expenses in any situation, in advance, especially from family education, then he will get a good idea about finances in the future, as a result of which he will be able to take better decisions in all matters related to money.

As parents your role is to guide your child and ensure that you teach them what they need to know. Fathers and mothers should inculcate behaviours that are morally sound. But when a child grows to maturity like in my country it is eighteen years and above, you cannot control them.  They will have to make their own decisions. At this point the parents can only advice but cannot force them to abide by them. If they ignore your financial education, they might make mistakes that can be challenging. 

As we know that home is the first school for children, so parents must realize that and provide some learning from an early age or at least when the child is ready to receive the learning.

However, the problem is that some parents actually depend on their children for their future, that is actually not a problem but without realizing it, it will also be a little disturbing. For example, when they want to save, they can't because of limited money while they have to give money to their parents. Once again I don't blame that, because as children we also have to be devoted, but don't let it hinder finances.

In my opinion, it is still the parents' fault, if the child rebels and does not want to listen to what his parents say, it is because they failed to educate him since childhood. Maybe educating him was not strict enough so that it did not become a habit. Because what is certain is that financial literacy cannot be fully obtained in formal education, even if it is taught in formal schools, it is usually still very lacking in detail or completeness. So parents must try it themselves at home to teach financial literacy to children. if the child fails to apply it, it means that the parents have failed to educate.

A simple thing that parents must do is change the child's lifestyle and mindset. The principle of thinking first must be strong. What is not necessary is better to hold back. Because sometimes what we want is not necessarily what we need. A simple lifestyle but a rich mindset.

Children learn immediately what they see from their families. Children are very good observers and have a natural ability to do what they see. When families talk about financial education in a family environment, children become familiar with these conversations. When children are ready to learn this information, their families should start providing this education.

Today, being informed is an advantage and learning this information at a young age can help children make better decisions when they reach a certain age.

Education is what we should value and not to play with, because it can help a generation acquire what has not been achieved for decades, through education, we get exposed of the necessary things needed to be known by us, we have more information about the way of life and how we can position ourselves for the future, when a person or country is not educated, then such lives in dark which is ignorance and abuse becomes inevitable to life, the more reason life has become a threat to some people while some have seen it as a pleasure to live in and enjoy.

Financial education can be thought anywhere but I think we just have to let's children be children before putting them in some things. I mean, what are going to be teaching a kid that is suppose to have his child life with order key but because we made some mistakes, I know that fear wouldn't let us, we will want our children to be financially literate as they are young but instead of doing that, I will gladly but them some financial asset that I can help them to hold.

If you buy 2 eth together with 0.2 Bitcoin that's average, you can hold it until they are of age when they can understand the proper benefits of holding an asset, put it on their name, teach them how to be private about it and not tell anybody because some kids run their mouth to friends when they get are in arguments or fighting, that way seeing and watching his asset grow with time as he grows will teach him what financial literacy is about and how to put it in use.

Everything you talked about education is correct but you failed to relate it to what is being discussed here  which is about financial education beginning from home, if you gather all the education and the necessary informations you need without having financial education you will still find it difficult to implement so many things as you will be making money and spending your money on things that you don't need and the things that are not useful to you. Parents are advised to educate their children about how to manage money starting from when they are younger so that if they become of age they will know how to spend money wisely and invest in the things they understand.

It is not possible to live without money. A person needs money for everything from birth to death. It is not only for the basic needs of a person, it is also a tool for building a person's future, happiness, dreams, progress, security, and financial independence. Without proper financial planning and financial education, all these improvements are not possible. Financial education is needed in the life of everyone from children to adults. When a child is given financial education from the beginning, it will develop his financial prudence, due to which he will be able to achieve long-term success in the future.

Balance of income and expenditure and financial education can start from the family. First of all, the child should be taught to make a budget of his weekly expenses. If he finishes the budget before the time and does not receive any money until the end of that time, then he will understand the balance of his expenses. At this time, he can be made to understand that if he finishes his budget before the time, he will have to be empty-handed until he gets the next budget. When the budget is given to him again next week, he will learn to spend in a balanced manner. Then he should be taught to save.  When he can save money from his own budget and buy something, he will develop a saving attitude. At this time, teach him that buying unnecessary things will harm him financially so that he plans before buying anything and then spends. He should be taught to spend less than his budget and be interested in saving. When he learns to save and plan and invest from a young age, he will be able to make more sound financial decisions as he grows older.

exactly what you said financial education needs to be implemented from an early age, and the role of parents is very important at home to educate their children in financial matters because education in schools has a certain time limit, so the role of parents is very important by giving examples to their children, for example, do not be wasteful in managing finances, and by providing the right understanding to children, it is very helpful and will be easy for the child to understand.

All parents will definitely do basic things like this, the question is will all children succeed? no because even though parents educate their children in their own way and teach the meaning of how to manage finances wisely if not supported by a good environment the results can fail, therefore the environment also plays a big role in the success of each child and although in my opinion this is an easy education but it will still be difficult to apply meaning not 100% of parents succeed. And the fact is that there are still many parents who do not have the skills to manage finances.

That is why you have to prepare your child in such a way that they understand the right thing. You will give your child the right direction, but if your child cannot follow it, ignores it, then you will have nothing to do. That is why prepare your child in such a way that they can walk in the right direction themselves, you need to create the right path, And you need to prepare your child for the right path. then your child will be able to choose the right path on their own.
The way you educate your child until they become adults, your child will behave the same way after they become adults and will act accordingly. That is why it is your responsibility to raise them from childhood with the right education and guidance through the right social system, otherwise you will have nothing to do if they go the wrong way after they become adults.

Yes, it's true, children are good observers, even though we don't talk directly to them, they usually hear and record what we are talking about, so we are advised not to talk about sensitive things in front of children, let alone arguments, that's very bad.

But that's not enough, because we have to talk directly to them, that's why a family must be harmonious and must maintain good communication. It is not uncommon for children to behave differently after they grow up because of the impact of family disharmony. Not only financially, but in anything.

Too much of anything doesn't bring benefit but misfortune. Parents should give their children a little freedom,  a room to grow, learn on their own.

I still remember one of my cousin's parent were too strict. That poor boy grew up with fear his whole childhood. Whenever he did some mischief, his parents would beat him to correct him (in their words it was disciplining their son which clearly isn't). Now that the boy is grown he doesn't even listen to his parents. Once who feared doesn't fear at all. Even worse their son is now out of control, hanging out with bad companies.

As parents we should only show our children the good ways, be a good example, but how to take that road is up to the children. We can't, we shouldn't force them into something.
 

In my childhood, I was a person who was very close to my father and I learned a lot of things because I was curious about that and we I saw new things and I went with my father and my father taught me many lessons which were proven best in practical life. We have to deal with personal finance and we should know how to save money if your earning is small and you want no pressure on your head . You learn many skills through which you can work for your own and you can save money if you bankrupt in life . Try to learn how to use money fir getting profit and how to double money and how to calculate your profit.Many poor people are poor because they did not learn these things and they waste their time on useless things and now they are poor  in life.

From my point of view, it's not in all cases.

There is this school close to my place of residence, (Laurosel) one of the most popular schools in the state owned by a renowned politician with other mega businesses.
His children were totally involved in the of the entire businesses. But as soon as he died, the children could no longer pay workers, they began salling some of his properties so as to meet up needs until all was gone.

At the time I gained admission into school under my siblings, I squandered all that I had with the notion that it must come anytime I want it. But it wasn't really so. It was pathetic.
I was given #30,000 for a school fees of #42,000.
With the money I bought a sim card from a network provider and began rendering phone call services to the point that I paid all my fees till graduation.

So the concept of where financial education begin depends on ithe ndividual.

Proper guidance in terms of approaching clearly to young generation, it's a obligation of every parents and guardian as young adults can easily adopt things but without proper guidance they might be mislead what they've heard and instead of doing things the right way they'll be misslook things out and lead them to a wrong decision making, it's a must to guide kids properly and in a correct manner to avoid pointing them to a wrog direction in life.

I agree with you!

When beginners ask for advice on how they could invest or start investing in a certain portfolio, I always ask them the question if they have any savings. Most answered yes but there were quite a few who wanted to invest without any savings on their part. I explained that the basics of investment will always come down on how they view money as a whole. If they can respect and at least understand the value of money, then they could invest successfully on their part.

Like what you pointed out OP, having a strong foundation in knowing the value of money by saving means that the person would most likely save. If children are taught by their parents that money should be earned and not be given, then they could start understanding the process of investments when they grow older.

These people who want to "invest" without savings? They are the same ones who max out credit cards and live paycheck to paycheck. You are probably dealing with people who want to skip the goddamn fundamentals. They want the "get rich quick" scheme without putting in the work. They want to gamble with money they dont even have.

We all start somewhere on this path, whether weve got stacks to risk or just a little extra one month.  Sure some wanna get rich quick with no effort, but others are willing to learn the basics and work for it.  No harm in that.  If they lose a little gambling at first, at least theyre trying.  As long as they dont go overboard, its cool to test things out even without much spare cash.  Gotta start building somewhere if you ever wanna have a nest egg.

Everything could be learned up from home and if you arent that good parent then your kids will be most likely having no kind of learning into these basic things but once you do have that open communication then you will be having that sense of connection with your kids on which this one is very crucial for their well being on which you can be able to tell them on what are the things that they do need up to learn first even with the simple basics on like financial, behavioral and other aspects on which it do really starts up from our own home.

There are kids who do easily adapts and remembers as they grow old but there are also ones who do simply forgets or simply being that influenced by people around them on which its not totally that be effective all the time but at least as a parent then you have done your part on which this will be that crucial as they do become older and becomes independent.

So it will be that up to to you on how you do handle up your kids and give them the proper guidance because once you do get yourself neglect out your responsibility then it might be tough for them later on. Somehow sending them to school would be that patching up such lacking on which they will be able to learn it eventually thats why other parents doesnt really mind up that much.

That's true most children start life seeing their parents laying the wrong foundation for them by not giving them the right information especially when it comes to the issue of financial management because you can't be talking about investment with out talking about financial management skills because for anyone to invest that person must be financially disciplined enough to save money which he or she will use in the investment plan that he has in mind

Sure, it is the responsibility of the parents to guide all the children to right way. It includes the guidance on the financial, the parents should give them some basic lesson at least. Even if the children must learn it from varied sources since they grow up and the level of their education raises, but the parents still need to learn them the base matters. I agree with a perception that the parents can't fully rely on the schools to improve the intelligence of the children. The parents must support it as well and build the foundation of the knowledge.

From that view, the kids will be able to track the pattern and will be able to step foot with the right directions, those kids who gain their knowledge personally from their parents have a big chance to follow the footprints and also be successful, the idea is coming from those rich business owners, before their kids comes to the age where they'll be the one to handle the business they've got the chance to learn the patterns some parents allows their children to own their small business and grow it applying the same pattern from the business that they've already established..

Parents have a responsibility to their children, at least until they are adults and have their own opinions, that is the minimum because if possible, every child must ask for advice from their parents, or parents who never tire of giving advice. However, parents will never tire of doing that, even though their children are adults and can think independently and can distinguish between right and wrong. No parent wants their child to be in a bad situation, if there is, maybe the number is only 0% in my opinion. And as children, we must also be able to understand and be able to explain if there is something that our parents do not understand.

Financial responsibility that are being thought to the children is a big thing that they'll learn until they grow up. If the parents are responsible enough to teach them how to be good at the basics of finance, they're going to like it as they grow older. Understanding how money works, and how it is earned, this will give them another world to discover that shall be interesting to them.

Schools are for academics and most basics are being thought there. But in actuality, the parents are going to play the important matters that their kids should learn. We're going to teach them everything that we know for free so that they will also be wise when they get older. Not everyone who's old enough has a parent to guide them when they're young, they learned things based on their experience without guidance and that's the advantage of the kids that have parents to guide them.

Like this study;

https://i.postimg.cc/3RL3Yg61/study.png (https://www.fool.com/research/parents-kids-investing/)
Source: https://www.fool.com/research/parents-kids-investing/

I agree that children very often copy their parents, the wasteful lifestyle of children can be copied by their children, but this is sometimes aggravated when children spend a lot but do not earn, and when they begin to live separately from their parents, this problem is significantly aggravated, because they need to work, income is small and expenses are large.

Or cases where savings are manifested to a large extent are also noticeable, and this has an effect on children. I do not know how to find some kind of golden mean, you need to explain to children that they need to strive for an increase in their income and smart money management, you need to teach what we can do and children will add from themselves what they find comfortable for them.

Yeah even they are already adult parents are still behind trying to provide guidance to make sure that their kids will have decent and established financial capabilities, like you said, there's always guidance that kids needs to adopt from their parents or guardians while they are still in thier young minds.

Financial guidance is very important it's the future life of those young kids and knowing that they've got the right patterns to travel while actively learning things from thier own experiences..

Yes, financial education starts at home. Not just financial education but all types of education start at home. A child receives all kinds of education from the people in his family. Children are imitators. Children also like to imitate what the elders of the house do.

So financial education also starts at home.

What ever happens to the destiny of a child is shaped at home so a child who grows up in a home where the parents are disciplined and has a high level if financial literacy level will grow up and be more financial management skills than  a child that grows up in a family that the parents has no financial management skills, so I believe that financial education begins at home

Destiny or fate isnt something that could be that easily be concluded or we can be able to generalized that a particular kid will be having guaranteed successful like just because he/she had been following into the things on what his/her parents told when they are still young. Its true that everything do starts on the house, but eventually despite of being told or taught about such stuff but still it wont be a guarantee that it do made out some assured success. There are those individuals who do easily get influenced by others on which means that despite of being taught with those lessons on what your parents been doing on which there's still a chance that you can be able to experience out such bad situations just because you do made out some bad decisions and choices because of some influences around. For parents, then its normal to have that kind of handling out into our kids. Education do starts from home and this isnt that only limited to financial aspect but also in other things as well just like on whats being mentioned above is on about trait and behavior on which this is also that most important too that needs up to be guided into our kids. It do just that turned out that there are those things that could affect out their mentality and might that forgotten on what their parents been telling them or made out some personal decisions due to some curiosity into their minds. Actually there are several factors that do affect someones decision despite of being told or learn up from somene.

I agree with you, home is the first school for children to learn many things, including how to manage finances. Parents are the first teachers and role models, usually children will imitate whatever their parents do. As parents, when teaching children or telling them about something, we must be ready to answer their curiosity. Of course, every parent has a different approach in teaching their children, and I am sure every family has some kind of tradition that is passed down regarding how to manage finances.

I quite understand what you want to explain regarding tradition, but maintaining that tradition in a modern era like this is not very beneficial for the next generation. Many parents need to learn to change their own mindset before inserting it into their child's subconscious, including the right way to manage money.

I agree that parents are the first teachers of their children, so it is the parents' fault if their children fail to become financially independent when they are adults. Dependence on parents to meet the needs of life when children are adults should be avoided as much as possible, meaning parents need to teach their children to be independent from an early age.

Although there are many factors that influence how someone has good financial skills, I think financial education from home is the basis and privilege that someone should get. I agree that financial skills depend on each individual. Some get it from business school, some get it from the environment and some get it automatically. However, it is like betting on fate. I mean if parents have taught their children about finances such as saving and investing, then it will be a good foundation for them in the future. And they can increase their knowledge from the environment or automatically. I have a friend who is successful in the investment field. His parents did not teach him anything about finance. But he often tells me not to teach people that financial literacy can be obtained automatically. He often teaches parents the importance of introducing children to finance from an early age even though he himself did not get it from his parents.

It is undeniable for every child who still has a large family in their life because every child will definitely be taught as well as possible by their own parents, especially in terms of managing and maintaining finances because this is also included in the important options that every child must know before they grow up. I also agree with what you said because the tradition of every family in teaching their children is always there and will never change from generation to generation even though each family has a unique way of doing it.

You have a point here, it's not just about teaching in words only but also practicing what they preach. Children are smarter than most people think, so there are certain things you do that they notice and they might end up emulating you. If you want kids to learn discipline, hardwork and financial management these are things that you must also practice. Most people are hypocritical, this is why most of them complain that their kids are not doing the things they are advising them to do forgetting that as parents they also don't do those things as well

Indeed, what they see is what they wanted to follow, most of the time young ones adopt how those adults do the actions, and like what you said it's best to practice whatever that you wanted them to learn, it's something you need to show them how it's going to work and what are the outcome base from the actual practices.

From that point of view those mindsets will developed and even they've got their own ways they'll be inspired to make their own success.

For certain cases I agree that the practices of parents are not much different from what their children will do although in a larger scope this is not decisive. Many children of poor people can achieve the best ability in making money and maybe some people say it is luck, but in my opinion this is not luck but the hard work they do to change their fate for the better.

Parents play a role in making children more advanced and they have a greater responsibility for the growth of children in adulthood. If they are given a good education on how to make money then children will get used to following those steps and eventually they will understand the process of achieving wealth based on the hard work they have prepared.

We cannot educate our children harshly and we cannot educate our children too gently, we must be able to adapt and must be firm. Yes, we must be able to distinguish between being firm and being harsh, because usually they look the same. I see many children who because of their parents' strict attitude, when they grow up they are more than what they thought, likewise when they are too gentle with them, they will be braver to fight back. We must know what our portion as parents is like and we must also be able to position ourselves as them, I mean try to understand what they want so that it can make it easier for us to find out what we should do.

The luck factor also influences, it cannot be denied but what must also be known is that luck does not come suddenly but luck comes when hard work and consistency in doing something so that at a certain point luck will be there.

And for anything, lessons from the environment are the most influential factors, especially parents who of course are examples for children at a young age so there is a role for parents to teach about financial education and for all of us this is an example from our parents regardless of whether it is good or bad but basically we still follow what is taught or exemplified by parents and over time when we are adults we will be able to choose our own path, whether it is learning to be better or vice versa.

I really like this part of your post because in last few days we are discussing few things our main agenda is always started with these points luck always come after hard work and consistency.
Many peoples around us started their own work with small amounts and limited sources, but now they are having enough sources which are giving them advantage and luck is also standing with them into their bold decisions so here I just want to say consistency and hard work always pay and luck give them strong favor.
Financial education is also stated from home, but environment is also needed to be positive because sometime few bad things or decisions can ruin long time success and hard work need to keep eye on child's and always have some touch which give them better confidence for having good success.

I agree with the fact that not only the family but also a positive environment affects the child's view of life and finances. If a child is born and raised in a business environment, the child is likely to become a businessman, but if it’s the other way round, like raised in a gambling neighbourhood, that child is also likely to become a gambler, which is a negative impact. Which is very important to consider your environmental surroundings before raising your children there.

Talking about hard work, consistency and luck. They all work together, but smartness makes it easier because you can start up a business with hard work and consistency alone and take that business to a higher level, but when it crashes, you can’t get it back to the former level anymore due to a lack of smart work. But when you add up smart work, even though your business crashes, you can still take it back to its normal level or even more. That is why smart work increases rapid growth and eases the process.

A problem that often occurs in every region is that there are quite a lot of adults who give bad examples even if it's just a joke but this happens like in my environment. Like in my environment there are only a few adults who can give good examples to children under them. But it is true that those who are still under will probably imitate what they do by adults and this is like a natural law that cannot be removed.

We cannot expect luck if we do not try to get it even though in certain beliefs luck is God's way of giving success to his servants. When someone wants to be rich then they need to work hard and prepare everything for supporters and now we can see the wealth factor that people can get based on the performance or support they have. Some people have rich parents and they can continue the business owned by their parents and some others try from scratch to achieve wealth based on hard work.

Many things need to be prepared when pursuing finance, capital, hard work, environment and opportunities must be utilized well. The most important thing is that we must be active in starting even though there is failure, because with that failure we can learn to improve the level of weakness so that we can be much more accurate in starting again.

You're right  on the first line that financial intelligence is not generic but rather an acquired traits cause it's not inbuilt but being taught in schools or at home, but oj the second line I don't say you're wrong but then it varies in every way such that children whom their parents practice such strong financial discipline still turn out to be nuisance in the financial space by finding it difficult to manage and as well know how to spend the money but I think sometimes people with no proper financial orientation finds themselves able to do so.

Any thing that a child sees the parents doing is what they will copy while growing up so this issue of financial management is not an exception you don't expect a child from a home where the parents where reckless spenders to be financially responsible the children too will grow up and have problems saving money because whether you believe not not some important behavior or parents has a way of robbing off on the children because children learn from the parents in what ever thing that the do.


We should know as parents that we have a great role to play in the future of our children that is why we should also be a good role models to them and how we are going to do that is through making all aspects of our life's to be worth emulating so that our children can grow up and some of these attributes will be found on them because the environment that a child grows up matters a lot in the development process of any child

As parents, we must realize that children learn first from their parents. Children who are in their golden age often see and imitate what their parents do. I agree that there are some things that are genetically inherited such as character and emotions. But for things like financial literacy, a child will learn from the environment in which he lives and his parents are his first teachers. I often see parents who are wasteful and do not have good financial management will make their children wasteful too. And it's funny when they complain why their children don't learn to manage their finances well. On the other hand, if parents have taught or at least shown how they manage their finances, then the child will also grow up with good financial abilities.

The education that parents give their children from a young age, that will determine the future of that child. Every parent should give their child the right education from the beginning, and treat their child the same way.
It is really sad that most parents do not know how to manage their finances properly these days But they want to teach their children about proper financial management. Environment is a very important issue, real education is more effective than book education, The real environment in which you will place your child, Your child will learn in accordance with that type of environment.
Therefore, parents must always treat their children correctly, if children get real education along with book education, then it will be more effective for them.

Does anyone doubt it? Of course, children should be taught financial literacy from an early age if their goal is their financial well-being. The question here is different. How many parents are there who understand this issue? Yes, not so many. That is why there are too many poor and needy people in the world. Not everyone is given the ability to understand the simple truths of this process. And they are quite banal.

As a child, no one explained to me how to properly deal with the income that came in. That you should not spend it all within a certain period of time. You should put aside some part or, better yet, invest this money.

That is what has become the difference now between adults in the past and adults today because adults now often joke in many places without paying attention to whether there are children around them or not. While adults in the past did not joke too often in front of children so they would always be respected by any children through their surroundings. In addition, the respect and politeness of children today have also decreased because of seeing the behavior of adults like that today.

That is why, it is also a privilege when kids have guardians that are being taught on how to be financially well and be good at managing their finances. And those people that have grown without such but still managed to be good with their finances, you're all legends and you've come a long way for sure and learned a lot of it from your experienes. Also, the kind of old life that you've got is one big factor as to why you have been self taught on how to be financially educated. Because going back to the former life without good finances is what we are trying to avoid.

Yeah, as parents, it's our responsibility to do things that we want our children to learn because children are like empty notebooks, so it's up to us what we want to fill them with. There is one more thing: what happens within a household, such as the general environment of a house, can affect children mentally. If a household is always under tension, family members are always fighting with each other, especially parents. In such an environment, children will grow up to have negative mindsets and might even become violent and short-tempered.

So we need to make sure that there is always a happy and easy environment around the house even if grown-ups have problems with each other, we shouldn't let those problems ruin the minds of the children, and it's better to discuss things in private or in the absence of the children so that they don't see us fighting or having heated arguments over anything.

Indeed, there was no one to teach me even the slightest bit of financial literacy. I came to this conclusion myself. How did it happen? It's all very simple. I was tired of living in poverty and misery. I started looking at people who had amassed large capital. As a result, I came to the conclusion that money should not only be saved, but also invested in order to make a profit. This is the only option that works for me. Of course, I can start my own business, but I don't want that. I need mobility, which allows free movement and is not tied to a specific place.

However, a strong motivation to get out of poverty is not enough. You need to know how to get out and how to develop yourself in order to have a chance to become a wealthy person in the future. And if at this moment no one tells you what to read and what people to listen to, then everything will end without result. Such knowledge spreads from person to person very quickly due to advice. It was my friends who advised me to read Kiyosaki's "Rich Dad, Poor Dad" and it was the same friends who advised me this forum. Without them, I would be just a guy who wants to change his life. But does not know how.

Having those people around us on which giving out that kind of advises or recommendations. This is why its still relevant or important that you do need to include yourself into those circle of friends on which that have that kind of the same interest and mentality. There are instances that we might joined ourselves into those who doesnt have any plans into their lives when it comes to financial status or condition then they would be sticking into the current things that they've been dealing into and there's no progress. Yes, contentment isnt bad but having that kind of plans on trying out to make themselves that having that much more better in terms of financial then they will be trying out to make up some move. Its true that financial education begins from home but not all parents will be having that kind of action on which they will be teaching up their kids but mostly this will be that usually common on traits or behavior but talking about financial aspects then only a few of parents will be teaching out this one because most of the time they will be that letting the school do its job when it comes into this aspect on which actually true.

One of the actions parents teach their children from an early age is to save, I think all parents must teach their children to be able to save money so that it can become a habit when they are adults, many young people or adults who cannot save I understand maybe also because their unstable financial situation makes them unable to save.
For people who have a good income, they should be able to save their money and maybe even invest it if they really understand investment.

Parents in the past did not know much about investment, so they preferred to save their money even though it would be eroded by inflation which would lose its value over time. The only option I often hear is gold and that is only done by a small number of people.

Now investment should be something that is no longer foreign to parents, so they can learn it and teach it to their children. Moreover, in this era, it is not difficult to find information amidst massive digital developments.

If you pay attention people investment in the past was gold and it happened from generation to generation until our generation knows the term bitcoin. I see parents and siblings have an investment pattern in gold and they tend to save gold rather than save. Maybe there weren't many investment models in the past, but people didn't save money in fiat but bought land, rice fields or gardens.

I saw this in our parents' previous generation because they also realized that fiat was not profitable to save. Even if they had savings, it was no more than a small percentage of their wealth and the rest they placed in some of the ones I mentioned above.

Saving money is definitely a difficult task. Those who can easily master this difficult task will be able to reduce random expenses in the future and this financial education most often comes from the family. When a child sees the financial policies of his family, he can gradually acquire them. Maybe this policy is very useful for some. They are able to use this education in real life in the future. But it cannot be said that it will have the same effect in everyone. Sometimes the family's financial policies can also be a source of annoyance for some.

It is difficult if parents do not get their children used to it from an early age, so there needs to be education from parents from an early age so that this becomes a habit for children until adulthood. Educating children about finance certainly depends on age, it cannot be the same for all ages. The most basic thing is not a matter of saving, but teaching children about money and teaching about needs and wants, maybe this is the most basic thing before teaching children about saving.

The principle of saving is to set aside money, not the remaining money. Pay attention when we give children how much money, then check what they use the money for and in which part they spend the most money. So we can continue to evaluate it so that children make this a habit.

That's why it's considered a privilege for a child to learn the tools and skills to manage a budget, no matter how small. These methods are supposed to be learned theoretically in the early years of school, and then learned practically by observing family members (parents and siblings) and performing tasks using small amounts.

Investment is no longer strange to parents but since investments are now going digital unlike physical asset, it will be somehow difficult for parents who are not equipped with digital skills to teach their children and even if they do have digital skills, it will still require money to start investing which will also be a problem because it is mostly wealthy parents that can teach their children and as well afford to start up an investment for them such that as they are growing, that is how their investment will be growing along with them till they get to an age when they can take full responsibility of their investment. It is difficult to gather information about investment in this digital era but there are digital skills they can learn and it lead them to the right investment decision.

Yeah, if in his early age he was guided how to budget and save his money then when he grows up he'll be able to adopt it and he will value every single penny that he'll be earning, it's good to train your kids as they will grow with good knowledge about finances and it will also gave them edge to their generation as they can be financial free when the time comes that they already save and invest a lot.

Indeed. Teaching them at their young age may not be appreciated by them for now, but when they grow old, they will know how to value such a thing. That is why I don't make my kids' lives too easy. I give them enough money only for their basic needs. It's up to them if they will save some or not. Guiding our kids is not just making them suffer difficulties, but it is a way of helping them to become responsible in the future. They may not understand it, but soon they realized how important it was.

Exactly most children don't take up some things from their parents cause they think they are of age and they can handle a lot of things themselves, and thus make them to be equated from the advice and nurturing they needed to get from their parents. So I think financial education is something that's bent on the individual acceptance cause if it's not accepted by them there's no way it'll get down to them.

A child has to be taught everything from an early age, even if it is difficult, but it has to be done. Early education plays the most role in shaping their right character in the future. If they are given complete financial freedom at an early age and allowed to spend money as they wish, a luxury mentality is created in them, they do not understand the real value of money, and continue to spend money uncontrollably. And this nature will remain in the future, if they are not given the right education from the very beginning.
If they can acquire the right responsible character from an early age, then it will help them to live a good and responsible life in the future. Therefore, every parent should give their child the right education, to ensure a bright future for your child, there is no alternative to giving the right education from an early age.

Most of us our parents didn't teach us anything like financial discipline. The only thing we were taught at young age was to be discipline in behaviour and it affected life as a whole.  The discipline that was given by our parents gave the right sense to handle everything,  both behavioural manner and financial management of money. I think for one who is well discipline would not struggle on how money should be managed. Discipline as whole and financial discipline are all important for a child to get, it reduces risk and help one to make use of good financial opportunities.

Yes, Children tends to learn what their parents does and behaves accordingly, yet it is still the parents that would create that sense of responsibility and involvement by immersing their children into processes and situations that would build those essential skills.

Also some children are born with natural wisdom while others needs to be taught very well to get in shape. I still know of a friend who's parents rarely had their time, but he had an affinity for accuracy and got more trainings from serving his boss. Most times Children who aren't easy to teach are overlooked by parents and those who are sharper gets the most effective trainings which is still wrong.

In a nutshell, I believe learning is more effective when the principal is willing to teach and involve the minor and it doesn't have to be the parents alone. I would mention that my first mentor to financial intelligence were never my parents, but a friend of my dad who had more time to advise me financially, while my dad kept seeing me like a small boy. Funny enough, my dad was very jealous when he saw that I was more interested in relating my finances with the man rather than him

True, many parent in the past lack knowledge about investment way increasing assets for longer time except their recommended for investing at bitcoin or land. Lack knowledge about technology and not learning more about new way for investment I think problem why many children can't learning more about investment way which one have faster for increasing assets. Best investment or financial education from parent in the past for investing or saving money in gold or buy any land although for both kinds keep worth it just take more longer time.

Right now, easily for accessing internet and for children can learn more about financial education using mobile phone, not difficult if want learn more about financial education but guide by parent make all easily for children start their financial education from home. After reach senior high school will easily to learn about financial education.

Exactly, financial education begin at home, before you should teaches a child how to spend money, firstly teach the child how to make money. Parents supposed to be disciplinary to their children because they are in the best position to teach the children about financial struggles and how to manage them, for them to become a reasonable and responsible person.

You shouldn't make the task difficult for you as parents and for your child as well, in a way that might deprive him of enjoying the best times of his life (childhood without responsibilities). Your role as a parent is to teach your child to take some responsibility, not to force it on him. Your idea of ​​motivating the child to save from his daily poketmoney is very good, and I am sure that you will see positive results in the short term. In other words, you don't have to wait for him to grow up to see the results of your support. I encourage you to continue your support and you will see the results happen in front of your eyes like magic. Don't forget to make the mother aware of this as well, so that the task becomes a shared responsibility.

For most people, it's true that in ancient times, they weren't very smart, at least most of them weren't, and even though they had enough money, they never used it the right way. I never needed to go far to understand this because my own family, my father and grandfather, they had so much money back in the day that they could buy anything if they wanted, and they could quite literally buy acres of land if they wanted, but they didn't do it because they never thought how useful it can be for them and for their children in the future.

Today, we can see the places or lands that were up for sale at that time and they didn't buy them even though they could easily afford it, they have so much value today but they aren't ours because our ancestors didn't know where they should invest their money, and most of them only wasted the money on the present instead of thinking about the future.

There are many rich poor who want the success of their child but company matters a lot because every person consume good and bad things from society and if they will spend more time with financially educated people then they will be more successful in life ans also execution matters a lot because you can face challenges in life. There are point of view about rich and poor person and every person has different perspective.Parents want big position of their child because child need money to survive but they should start work at early age and should be independent before 18 age then our country will grow more . Because new entrepreneurs will take advantage from the market.

There's no parent that would be wanting for their kids to be struggling in terms of financial aspects and this is why we do thrive and doing our very best on establishing and making our current business to become bigger, not only just that we can give out the good life that they do deserve but rather having something on which they could inherit at the time that you do pass away. We parents had nothing to wish for other than on having our kids to have a progressive and successful life. Each parent will be having their own ways on how they will be handling or teaching up their kids on which there are those who are strict on implementing and there are ones who are just that too loose. Speaking about Financial education then this is something that starts or begins from home but with those just simply basic principles on how its being handled or managed out but of course it will be still basing up on the age of your kids because if they cant be able to understand because they arent matured enough then it will be that pointless on doing so. Therefore, as a parent then you should be that watchful on whats happening or the current condition whether its already the right time to make out such lessons into their kids or will be waiting up for the right time to come through.

Yes, legacy matters. But confusing inheritance with preparation can be dangerous. Building a business for your kids is fine, but are they being built too? Financial education that starts “when they’re ready” usually never starts. Readiness should be a result of exposure. You don't wait for a kid to "understand math" before handing them numbers. You walk them through it

Strict or loose parenting is surface-level. The real variable is coherence. Do your actions teach resilience, critical thinking, delayed gratification? Because in a collapsing attention economy, those are worth more than any trust fund. Want your kid to thrive? Then don’t just hand them the keys to an empire. Make sure they know how to build when the system resets. Because it will

Indeed, in terms of educating children financially, there must be a good time, when we have to choose the right time so that children will listen to the advice we give, at least it takes a gradual time for children to understand, which of course by continuing to guide so that there is readiness in the child without any readiness, of course it will be in vain when applied, but everything will bear fruit depending on the environment that can also influence.

Your suggestion regarding financial independence for children before the age of 18 does not seem practical and cannot be realistic according to the laws and regulations adopted in each country. Financial independence means having a steady source of income, whether through employment or self-employment. I do not see any other way to achieve financial independence without work. Therefore, your proposal is either to employ children and encourage them to enter the labor market at a relatively early age, which is considered a violation of the law and subject to criminal penalties, or you are proposing to change the laws that prohibit child labor, which is an even more destructive proposal than the first one.

I like to think that every attributes to intelligence of a child is learned. Nothing is inbuilt with a child aside from inherited traits that are physically expressed. Don’t get me wrong as intelligence can be passed on too but, it’s never expressed if not developed or built through life, especially at a very young age.

Our environment plays a vital role to the development of a child’s capabilities. If you don’t teach the child or at least show them by means of exemplifying it in your every day practices, they don’t get to learn these things early in life. They might learn it at some point but, it’s something that could be taught to them as well.

Genetically, a child can inherit not only similar physical traits but even similarities in character. But I understand what you're saying — the task of parents is to teach their child the basics of financial literacy, so that from an early age they understand the importance of money. I wanted to say the value of money, but that’s a slightly different concept. It’s necessary for a child to understand from a young age how important it is to be able to manage their finances.
Of course, I’m not talking about a 5-year-old, because they won’t understand any of this. But starting from the age of 14–15, it’s important to explain these things, give them the right books to read, and teach them how to manage their small finances and pocket money. This is very important.

Yeah, as parent we do want to established our finances not just for us but more for the betterment of our children, having that business or savings that will give us enough resources in case our child needs assistance, and from that early stage we would like them to be involve if possible for them to learn things in their early stages, most of those established business owners place their child as part of the leadership preaparing them for more and bigger obligations once they pass the position to continue their business.

Financial education really starts at home. Our children should be taught financial habits from home. We know the story of the English princess going to the market, one day after her money ran out, she wanted to buy one more thing but due to lack of money, she could not buy it, although the shopkeepers wanted to give her the balance, but she did not take it, and said I do not have money. In fact, she learned financial habits from home and she was given a certain amount of pocket money, even if the money ran out, she was not given more money that month. We should also teach our children in such a way that they do not get into any complications when they grow up.

From the story you told, I only caught a child who was only given money, not a child who was taught about how to earn money and also about how to maintain and manage money well. So you only told about a spoiled child because he was only given money to spend on his shopping and that cannot be taken as a reference because in every country there are various ways of life that are so different that every child will definitely not feel something that is almost similar to what is in your story.

At 14-15 many children already earn their own money) So it is better to start financial discipline earlier, at the age of 8-9 and by this time children already understand the value of money, unless the parents specifically shield the child from it, but then it will result in a very bad experience, like loans for unnecessary things or in the inability to make a simple budget, so that the money went not only for daily expenses, but also remained for investment or other riskier investments, like cryptocurrencies.
In general, it is better not to hide anything from children and honestly tell them about mistakes that you made, so that they at least know that their decisions in their youth, including financial ones, will have a very strong influence on their lives in the future.

True, earlier parents were much less intelligent and they did not keep up with the world news very much. Because of this, we did not get the financial education that we needed from our parents. But now we are familiar with the whole world. We know how countries are surviving and what their discipline is like. So now it is our responsibility to teach our children financial education from home. And the world has now developed in terms of technology that it is definitely possible at home.

I have always believed that the position I was born into does not define me. The position I die into is what defines me.

Actually, it is not that parents are less intelligent in terms of education, because usually parents already expect it in schools so that parents no longer teach financial literacy at home because parents already expect there to be lessons in schools. But in reality financial literacy is not taught in schools around the world.

In my country there are no financial literacy lessons in schools, sometimes I think, what will happen to the government. Is it possible that if financial literacy is taught in schools, the country will potentially go bankrupt. Because the country needs its people to shop and consume?
Therefore, we as a society need to teach financial literacy to children starting from home, and the concept of the Chinese family method needs to be imitated because it prioritizes financial literacy from an early age.

environment plays a huge role. But let’s not romanticize “waiting for readiness” too much. Kids don’t magically become ready; they become conditioned by what surrounds them. If we over-prioritize “waiting for the right moment,” we outsource too much responsibility to timing and ignore our own behavioral modeling

The better strategy is to design micro-lessons into everyday life. They watch how you react to bills, spending, giving, saving. That’s education already happening. The danger is not in starting too early. It’s in missing the silent moments when they were listening but we weren’t teaching

Child labor is that totally that being prohibited or part of the law considering that there's a specific age on when a certain person would be entering on having a job on which at the moment that youth or kids will be that having that kind of engagement then it will be that a different story. Financial independence wont be that pertaining about being shackled with day job but since we dont have that choice then this is where we do able to get that career path at the moment that we do finish up studies or finishing our college. Speaking about financial education then it will be that starting up on home, it might not be that in depth teaching since its just that our parents will be giving out the basics but still that better if us parents will be teaching not only on behavioral aspect but also when it comes to financial management or related things. Although each parent will be that different when it comes on handling up their kids when it comes into this aspect. So it will be that depending basing up into each family but there are still those kids that despite of being taught by their parents but ended up on having that failure when it comes into this aspect, but it is that still much better that us parents will be giving them out on what are the best teachings on which we can be able to told into our kids. So it will be that up to them whether they will be making use of those learnings into their future lives and experiences basing up on what they have learned from home. Even though this isnt complete then this is where going to school will be patching up all the possible needs that they do need up to learn. It will be that up to them on how they would be making use of those learnings that they would be applying into the challenges in life on whats ahead.

Ok, there are some issues here. I think you are mistaking only crypto holders being those who are investing. Because only with cryptos, it makes sense to hodl it. Even with stocks you might get dividends that you can spend.

People who are financially more responsible don't necessary spend less. In fact they could actually afford to spend more, because money makes money, so they can save up to something bigger. Instead of using that money to pay some high interest of flash loans etc, that they got from being financially irresponsible (not the only reason for flash loans, but you catch my drift).

It is true that she was taught to spend only a certain amount of money. You see, many of us spend it all as soon as we get money, without thinking about how the next few days will go. That child was taught that she would have to live on a certain amount of money for the whole month. If that certain amount of money ran out in 15 days, then she would not be given any more money. Then she would naturally spend the money in a way that would make the whole month go well. Wouldn't she be able to learn the use of economics in this way?

Sorry, I've read your answer several times and may not have fully understand the exact meaning in what you want to do. In response to my previous quote about children, I emphasize the need to differentiate between encouraging children to be financially independent, which falls under child labor and is illegal under all legislation, including the most authoritarian regimes, and teaching children simple budgeting strategies. These strategies can be shared by families and schools, but I know that these approaches are not yet integrated into educational systems, and parents do not even consider such plans.

China is a highly developed country where it's hard to find people who are jobless, there's always something for everyone to do Because they know the importance of creating businesses...This is because they don't just learn the things they need to pass their exams but they also get the financial education they need to help them become independent..This is one of the reasons why china remains one of the country with the best economy.

The biggest reason for the increase in unemployment rate in a country is the low rate of entrepreneurship in that country. And the reason for this is the bad education system. If I want to talk about my country, then the education system in my country is very bad due to which no one dares to become an entrepreneur here and cannot learn practical work. And because of not knowing any practical work, they have to sit at home as unemployed with only a certificate. If you think about China, then China is a country where from childhood they are taught how to create new things and how they can become entrepreneurs. If a person is an entrepreneur, he can create employment for thousands of people. But if everyone is only chasing jobs, where will they find a place to work. This is the big reason for the increase in unemployment rate in a country.

I agree, actually. One of the first things my parents did when I was a child was to teach me the importance of saving money and the importance of investing, they get a little bit out their way for me to get and understand what saving was and what investing was. They gave my first money pig when I was still like four years old and told me to fill it up with some little money each time they gave me some coins or bill of small denomination.
Now I am an adult I have learnt to control my finances in a better way and keep money saved and invested, and I must say cryptocurrency has helped me much as an instrument for me to diversify and get some returns in the long term.

I will never be able to thank my parents enough for teaching about finances as a grew up and also explain to me what Ponzi schemes were and such.

Even though we know they are not adult but that does not mean we won't start to see the result so start early because more early more benefit I believe and be consistent with model behaviour and yes Financial freedom does not start from the bank or school but it starts at our home watching our parents
Teaching financial literacy to the childrens at home is just not  about the budgets or saving I believe It's like developing a mindset. Kids see everything, about how we all handling our money, how we all weigh with our needs vs. with our wants and I think based on these the get an idea for their future.

But the harsh reality Schools may teach students theoretical principles but it's only for developing habitual behaviour around financial intelligence in the home repeatedly that allows our kid the opportunity to learn & apply them.

 I think we can give them a nominal allowance so they can use the money however they like but explaining the benefit of inflation on investing Or explaining them about household finances in a way that is very much like an practical ways I think all of these will definitely help kid in the long run I mean pratical way

Remeber saying that the goal is not to turn our Child into an investor overnight but to make sure that they will receive some limited financial literacy
so they can learn from making good decisions.

I have a friend who works as a school teacher and he is always indignant at how parents like to shift responsibility for their children onto teachers. And I know that these are not just words but facts, which I myself have often encountered when picking up my sister from school and listening to what parents of children say about teachers. They believe that a teacher should not only give children material, but also constantly moralize them, making them morally correct individuals.
But what kind of nonsense is this? A teacher is not a psychologist for a class of 30 people, he cannot control them all. And each parent knows their child better than any teacher, and has a strong influence.

Small things can make big changes that is what is seen in China today, if we look at how disciplined the people in China have a big impact on a country and it starts from a small environment, namely the family, for example, a family that enforces discipline for children and also financial education from an early age so that positive things will continue from generation to generation.

I think we can't deny that financial education starts from home, parents become the first teachers for all children from an early age regardless of whether it is good or bad but basically it will stick to someone but the bad things about someone will change when they are adults later when they understand what is good and what is bad.

Leaving the burden that should be shouldered by parents to teachers at school is definitely a mistake and it should not be done.

Although we know that in the end when a child is sent to school so that they can learn everything including about maturity and finances, the role of parents cannot just be released just because we provide the best facilities for them to go to school because after all we still have a much bigger burden than the teaching staff at school who provide understanding with all the characteristics that are limited unlike us parents who are obliged to make our children achieve what they want and provide more understanding so that their lives are better.
The pattern is wrong if you think that when we send children to school then we release our responsibilities as parents, even though it is our role that is important for the sustainability of the child's future so that they grow and develop better before they can really let us choose their future then all the responsibility to support it is in the hands of parents, not others including teachers.

Of course, the child can indeed learn how to use money very economically in a whole month because he will indirectly think about it, but on the other hand he also has to have someone who is willing to give him a way to earn money even though he may not be the time to earn money. But when he has already realized how to earn money, of course it will be more complete for him because he previously knew how to use money economically in a month. And it can also be a good education for him while practicing how to use money because early education is always better as long as it is for his own future.

Totally leaving your responsibility as a parent to a teacher is very wrong, but teachers also have a higher responsibility for a child's behaviour in some cases, even more than the parent. Let’s understand this: a child that goes to school from morning to 4:00pm spends almost all his day in the school, which means that children will likely be influenced by the school environment. So in this case that child behavior responsibility is on the school and the teacher. But when it comes to the parents' responsibility, then it should be when the child is home.

So to me, I don’t see any big deal when a parent trusts a teacher to teach his children better morals in the school because that is not only the responsibility of the parent but everyone around the child. Because children tend to adopt what they see around them

Financial education is necessary for the people who did not get that knowledge from the school. There are people who did not get knowledge of finance from school. They have to go the financial mentor because that is necessary for him to financial free person. There are millions of people who are getting knowledge online by paying fee to the big entrepreneurs and they are getting mindset of them because they are rich because they had aim to be rich and after they took steps in which they became failed and they didn't lose hope and then they did steps and they continuously worked on their big goals and they new the strategy of marketing and they launched products.Now they are enjoying the life because they gave sacrifice for that.

What's the point of asking your parents for financial advice if they haven't succeeded in this regard? What kind of advice can they give if they themselves live in poverty and misery? This is what we are talking about in this context.

As a child, I asked my parents many times why some people are poor and others are rich? They didn't have a specific answer to this question, since they themselves didn't understand anything about it. So over the years, I had to look for answers on my own. I hope that I am going in the right direction and that something will change for the better in my financial matters.

If you ask many people why some people are rich while others are poor in the society, they would give you different answers. Many of them might not even give you a specific answer. People are poor because of so many reasons. Some are not by their own making, while others have made financial mistakes. If you live in a country where there are limited opportunities to get rich, you might become poor.

Getting rich is not just all about finance, other important non-financial traits should be imbibed. Your parents can advise you on diligence, honesty, good communication skills, relationships, etc. So your parents might be poor but can still give you sound advice that will help you do well in business and work.

I won't argue about the parents. Everyone's situation is strictly individual. I'm trying to figure it all out myself now. Fortunately, there is no problem with information now. All that's left is to read and start studying in more detail. There are also examples of those who have already achieved success. Yes, this does not guarantee that you will be able to go down exactly the same path, but at least there is a basis for starting from it. You can avoid the mistakes that were made before. Technologies greatly simplify modern life if you know how to use them correctly.

If financial education begins from home, from parents then were did all stories about rich and spoiled kids come form? Everyone faced, read and saw rich kids splash parents money. Everyone saw family where there is a kid who shouts I want and parents or servants rush to do that.  What about financial education that comes from criminal activities? Rich people who have achieved everything with illegal schemes. Are they also good example to look at? There are families where children live whole child childhood being poor, but later become rich thanks to different factors. What they have learned from being poor? Parents are great examples to learn from, but I dont think many take that knowledge or advice, and not every advice is useful.

The family is the child's primary school. Children are very imitative. They follow the elders of the family, the parents. Again, for a child, his father is a superhero. So, from a young age, a child can be taught about the value of money, savings, spending and debt.

In other words, if the parents make a budget for their financial expenses, save some money at the end of the month and are aware of debt, the child will get used to seeing these things from a young age. In the underdeveloped or least developed countries of the world, money management or financial education is very rarely given in schools. If these lessons were taught institutionally, the awareness among the child would increase even more.

Since there are not enough opportunities to learn from these educational institutions, the family and family members need to be more aware of this issue.

just like you said it, you said charity begins at home and all parents try their best to give the best to their children so they can have a good life outside and be of a good conduct behavior, but does that mean all children are being impacted with all discipline doesn’t be outside? No matter you teach children the things they need to learn before they get to a certain age not, not all of them we follow the things that you said. A child that will be financially discipline will be discipline even with the home training or the former training.

As a parent, if you can instill some basic things to your child, it's good but remember that a child will always be a child, they will do what they want and not all of them will do as you want them to do. If you have 3 of them, probably one or two will listen to you and you can have one that is nonchalant with spending, you don't expect all children to behave the same way, some will listen and some will not and there is nothing you can do to change them but experience will humble them when they reach that stage of understanding about life, some things don't need to be thought, life will humble you.

Actually, financial education is created from home, I agree with you here. Even though we do not get much financial education from our parents, we understand that the financial education given by the family is very important and it certainly plays an important role in the path of life. People cannot receive financial education from outside, those who receive financial education receive it from the family. As much as I have received financial education from my family, I have decided that I will educate my children more financially than I did because if children can be educated with good financial education, they will play a better role in earning money and spending money.