Whats good wealthbuilderz its yah boy DeVaughn
back again with another video
Today we are talking about the top 5 mistakes parents
make when teacing kids about money
So lets go!!
Ok so listen I’m a parent and my oldest is 11 years
old and I started thinking its time to start teaching
him about Girls, Sex but most importantly Money.
I say most importantly because no matter what happens
with girls and sex at a early age if you can learn
great habits with money you will be able to work out
the rest with practice.
So with that being said lets talk about
My Top 5 Mistakes Parents Make When Teaching Kids About
Money.
- Not Talking About Money At All
Not talking about money is like not talking about
sex, and drugs. If you don’t talk about it then
they will learn about it from somewhere else. Its
better to atleast give them a blueprint to follow
whn they get older.
- Giving Your Kids an Allowance For Cleaning
and being good.
I don’t think parents should pay their kids to take
care of basic life issues. Its like bribing your kids
to listen to your directions and be a good citizen.
I recommend offering your kids and allowance for going
above and beyond at home and at school.
- Not Teaching Kids about investing
Most parents only teach kids about going to college
and getting a career started but never teach them about
investments. So this means you need to learn about stocks and other investments also.
you can do that for free with the Stash App. All you
have to do is download it and it will walk you through
everything you need to know about stocks and investing.
Click the link below in the description to get started
today.
- Not Being Honest About Money
Lieing to your kids about your money status will not
let you build a connection with them about money
and financial situations. Just like you don’t like
being lied to I don’t think your kids do either.
- Teaching Them To Work Hard For Money
Working hard for money will not get you ahead in life.
If that was the case people with two jobs would all
be millionairs.
You have to learn how to make your money work for
you. Its just that simple.
If you want to learn how to make your money work
harder then you need to check the links in the description.
So there you have it The Top 5 Mistakes Parents make
when teachiing there kids about money.