So many folks today are looking at ways of teaching money responsibility to kids. Over at The Centsible Life has a great article on 8 ways to teach your kids the value of money.
2. Slow and steady wins the race:
Just like the story of the tortoise and the hare-slow and steady wins the race when it comes to building wealth. Showing elementary-aged kids the ‘magic’ of compound interest can open their eyes to how much they can have if they are patient and focused on the long-term instead of the here and now.
Without a physically powerful role model to keep them on path children will struggle with this thought. The similar manner many parents get bodily healthy for their children you should think getting monetarily fit to show them how to run money.