Teach your children how to manage money!

It is amazing to me how much I have screwed up in the management of money!

Jenn and I lived for three years with a double income and no children and somehow managed to not only spend everything we made, but to also spend MORE than we made!

What an embarassing situation it was when Jenn and I stopped and looked at how we were managing money!  I mean, we had both made a ton of money as professionals straight out of college, and we had very little to show for it.  It was sad.  It was humiliating.  It was not fun.

When we turned 180 degrees and determined that we were going to manage our money God's and Grandma's way, we started winning financially!

One of the key reasons we changed our behavior was the fact that we had a daughter.  I did not want to have to explain to my daughter that we could never go on vacation because we had acquired a load of debt.  I did not want to be bound to a job "because it pays the bills".

As a result of our life-changing experience in the way we manage our money, we have had plenty of opportunities to teach our daughter how to manage her money.

Recently, I had the opportunity to interview my daughter as part of the Financial Freedom Class that I teach.  You can listen to the interview HERE.  The actual interview starts a couple of minutes into this segment.

If you can't tell, I am proud of what my daughter has learned!  I keep telling her that she has more in the bank than 70% of the American population (who are currently living paycheck-to-paycheck despite the fact that they have earned more than $500,000 in the last 10 years!!!!!!).

Your child can start learning about money TODAY – even if she is only four years old! 

One Response to “Teach your children how to manage money!”

  1. jane muir February 22, 2007 at 6:20 pm #

    Money… another one of those items kids typically have to learn on their own. :( Thank you for effecting future generations by teaching them young! It really amazes me how quick they get it when they are young, and it take adults… me too!… YEARS to learn!

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