Financially Fit for Life

I did not learn about finance in school. I did not learn about it in the workplace. I was not, unfortunately taught by family. The reason is quite simple: we live in a financially illiterate world.  If I could turn back the clock, I would have not made so many financial blunders as I did.

The sooner we learn about money and put it into practice, the wealthier we are capable of becoming. I truly believe that it is never too young to learn about money. We, as parents spend so much time, effort, money trying to get our kids to perform well in school so that they get good paying jobs and become financially independent and set for Life. What if I were to tell you, that Person “A” with good financial knowledge will amass much greater wealth as compared to Person “B” (assume both A and B work just as hard and make exactly the same amount of money throughout their lives). Knowing this, why are we, as parents, not setting our kids to be financially smart at a young age?

The few people that understand finance (those working in the financial industry) are the least likely to educate us, because their income depends on keeping us ignorant. They earn heavy commissions and fees thanks to our ignorance.

As a parent, I know one thing with absolute certainty. We want the very best for our children and this extends to their financial welfare as well.  However, since we have had little financial education ourselves, we lack the confidence to teach them (or at least I did before I delved deep into the subject).  Therefore, as a mom, I have been very excited about formulating a program to teach kids to be financially literate. The sooner the kids learn the better off they will be.  Albert Einstein called compound interest the eighth wonder of the world, and the most important aspect for compound interest is time, which children and young adults have more of than any of us!