Financial education begins from home.

[Queentoshi]

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?

[Akbarkoe]

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.

[Despairo]

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.

[Davidvictorson]

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?

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.

[Majestic-milf]

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.

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.

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.

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.

[Victorybit1]

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.

[Justbillywitt]

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.

[Accardo]

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.

[Hewlet]

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.

[Lucius]

~snip~
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?

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

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.

[Mahanton]

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?

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.

[bitzizzix]

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.

[peter0425]

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.

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.

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?

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.

[Mrbluntzy]

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?

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.

[Die_empty]

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?

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.

[GiftedMAN]

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?

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.

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.

[Mia Chloe]

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.

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.

[Queentoshi]

~snip~
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?

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.

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

Never lacked nothing, but at the same time never wasted anything

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.

[slapper]

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

[cabron]

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.