Whether you are or are not comfortable with money, we would all like our children to be. Understanding financial independence is all about that. This video presentation will discuss what it means and how to gain the knowledge to teach your child or collaborate with your teen on their path to financial independence.
And, you might find out that you change your relationship to money along the way. The key questions we will answer are:
If I am not good with money, how can I teach my children?
What does it mean? Why is it important? When should my children start learning?
How do I teach this to my children?
Parents do not have children after passing a certification that they are qualified or competent in every area of child-rearing. Financial independence is just one area in which you may find that you as a parent need to provide education despite any lack you feel in your qualifications. These books serve as a practical guide in teaching your children how to plan, evaluate choices, budget, save, and invest in a way that makes these concepts simple to understand and fun to teach.
Being a financially stable adult starts early in life. The sooner your children learn the basic skills of financial independence, the better prepared they will be to live a productive and successful life. There are many aspects to financial independence, feeling comfortable with money, being able to make trade-offs, being able to save and therefore respond to unexpected expenses, and having good credit. Your child will develop the capability to successfully use resources at banks and investment companies to create a plan for their money. Their plan will include retirement finances, as well as managing investments and establishing an emergency fund
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