I really like the article below. It makes a lot of sense to a young wife and mom like myself, and the tips given really are good pointers to take note of. I’ve always told hubby that I want our kids to learn the value of money even when they’re still young, perhaps even teach them the basics of entrepreneurship. 🙂 It’s nice to know that there are articles like these around (I just googled “rich mom” and came across this one!). 🙂 Kudos to all wives and moms who do their best to teach their kids about what being “truly rich” in life is all about! 🙂
By Candace Bahr, CEA, CDFA and Ginita Wall, CPA, CFP
- Give kids a sense of well-being and a hopeful outlook. There’s plenty for everyone. Don’t worry, be happy. Be a grateful Mom who teaches appreciation for life’s abundant blessings.
- Talk openly and honestly with your kids about money. Financial matters are part of the business of life that everyone can learn about and practice with confidence. There’s nothing to be afraid of or embarrassed about.
- Show kids that managing money is about making plans and making choices. To get what you really want and value, you often have to wait and save before you can spend.