As a parent, you should know there is a significant difference between kids being educated in the classroom and the important skills and principles needed to ensure they have a strong sense of financial literacy. Although your child is among the top students and they have been accorded certificates numerous times., it does not mean they’re well equipped to become financially successful.
Jono and Kirsty Rowe have come across numerous families that have amassed huge amounts of debt, and they’re forced to live from one paycheck to the next regardless of having ‘good jobs.’ In most cases, such families don’t have a framework to teach their kids about topics such as money. However, on social media platforms, the story is entirely different.
— Jono Rowe (@jonorowe) August 31, 2021
According to Jono and Kirsty Rowe, our current society doesn’t have a good relationship with money. We are conditioned to go to school, learn, get employed, and trade a considerable number of years for money, and we won’t have full control of our lives. When some people retire, they’re reliant on the government to hold them afloat.
Jono and Kirsty Rowe have dedicated more than two decades to learning about how to manage finances well. It is also important to dedicate some time to personal growth if you want to become financially free at a tender age. Jono and Kirsty Rowe usually invest in families such that they can break the chain of financial illiteracy that usually holds the family back such that it’s hard to live a purposeful life.
Some of the tips on how to educate your children about money include:
1. You Should Start Early
Kids aren’t too young to learn lessons regarding the value of money. You should view money as a resource that will serve you. Your kids should also understand the importance of short-term goals. Refer to this page for additional information.
2. Pocket Money Should be Earned, and There Shouldn’t Be Any Entitlement
Some people have mixed feelings when it comes to pocket money. To ensure your kids will have financial discipline, they should learn money is earned. There is no need for entitlement. Jono and Kirsty Rowe’s: Twitter.