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Your kids are watching and consequently learning from you.
Without this trnsprency, hildren grow up unwre f th vlue f mney nd th imprtnce f finncil plnning.
The Consequences
For one, Milo said they will lack an understanding of commercial dynamics.
He also said they will end up with a limited understanding of effort.
Lastly, Milo explained that theyll also have reduced self-efficacy as adults.
I have witnessedmultiple adult childrenbeing overly dependent on their parents because of their financial and emotional weakness.
Budgeting, interest and much more can be introduced to them as they age, he said.
Set an Example
Kids witness everything, said Milo.
He advises making a plan, saving and also investing whilst telling them how you manage everything.
For instance, when you decide regarding vacation planning or setting a budget.
For example, say what a home loan is all about or the need to save up for college.
Prents should strt incrprting finncil eductin int dily lif.
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