Man's journey on
the road to success begins at the age of accountability and continues on a
daily basis for the rest of his life. As soon as a child is wise enough to
claim any money given to him/her as 'my money'; that child is ready for
Financial Literacy lessons.
Many nations are
experiencing economic quagmire now. This could have been greatly minimised if
not totally eliminated. How could the present economic predicament have been
avoided? Answer: if leaders of today, as school children then, were taught the
essential principles of wealth creation and sustenance. It saddens me how
nations with large endowment of human and natural resources are doing so
poorly.
The same phenomenon
applies to children of wealthy parents, at least majority of them. Studies show
that a high percentage as high as 90%) of the children of wealthy people don't
end up wealthy in life. At best, they just earn enough to get by in life. This
is because they never learnt how to make, to keep and properly use money. They
were neither taught nor disciplined on how to operate the essential laws of
wealth creation.
Unfortunately,
financial literacy is not taught in most schools; it is not part of the school
curriculum at all. As parents, whether wealthy or poor, we all fervently wish
better standards of life than we ever had for our children. Parents struggle to
ensure that their offspring do not live the lives of hardship and poverty which
they themselves had to go through.
Yes, it is quite
tasking to teach the concept of money management to young children but they
need to know the basic skills about money and they need to learn it NOW.
There are people
who believe children have no business learning about money; but the truth is
that habits are formed from an early age. It is the habits we teach our children
that they will grow up with and live by. So many adults find it difficult to
save today because they were never taught the habits of saving money and using
it wisely.
Let us help our
children and our future; let us join hands to eliminate financial illiteracy.
Let us cooperate to build nations that will dwell in peace with each other
because everyone is comfortable. Starting with one child, your child, we can
turn around the economy of our nations for the better. YES, We Can!
Would you
like free information on how to teach your children about money
management? Your children will learn basic wealth creating principles with
purpose-invented and engaging fun tools. Olakitan Wellington is a seasoned
Financial Literacy Education Expert with a passion to help people create and
enjoy a wealthy lifestyle. Visit her resourceful site to gain free access to
financial literacy tips and resources on How to Raise Wealthy Children
Article
Source: http://EzineArticles.com/expert/Olakitan_Wellington/51272
