Invest early to teach children about critical financial concepts and values, as explained by Greg Powell. Although the article is geared to financial advisors, any parent can understand the four points of teaching children about finances in order to protect their own (the parents') long term financial security.
Briefly:
1. Cultivate communication skills around financial topics
2. Help your kids build their own savings—and learn how to use them.
3. Understand that kids need teachers, not Santa Claus.
4. For entrepreneurial kids, stress the importance of profits—not just revenue.
Read the full article: https://www.fa-mag.com/news/4-important-tips-to-help-clients-teach-their-kids-about-money-41908.html
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