Your kids certainly don’t get any financial education in their formal schooling. We know ourselves how much importance we’ve placed on the financial education of our own kids. So while this isn’t gold or silver related, we still thought we’d share with you some excellent tips on fostering good finances in your off spring…
Dropping the Ball
Everywhere I look, I see signs that parents are screwing up their most important job: raising self-sufficient adults. These are bleak statistics, but instead of dwelling on failure, I prefer to focus on the key practices of parents who are getting it right.
Key #1—Set expectations early.
Key #2—Make independence the goal.
Key #3—Teach good financial habits early.
Key #4—Saving is a must.
Source Gold Survival Guide
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