Can we establish that financial intelligence is not a genetic trait, but an acquired trait, and by that, just as charity begins at home, financial education also begins at home.
Children who grow up in an environment where their parents practice strong financial discipline and it is very evident because of how it has created a balanced growing environment for them where they never lacked nothing but at the same time never wasted anything, will grow up to become children who will also show signs of strong financial intelligence. Do you agree?
Yes, I agree. Literacy in children must start from parents, because it is not taught in schools, at most schools only teach to save, not specifically. However, many people, even though they are not taught at home or at school, can successfully manage their finances because they learn it from the Internet and from sharing from their environment. In essence, financial literacy does not come by itself, we must learn it and must practice as early as possible so that it becomes a habit.
Because in my opinion, to be able to manage finances in the future is difficult, the most difficult thing is not saving. But in my opinion, managing finances is a habit and self-control that takes a long time so that it can become a habit. So indeed literacy in children must be taught as early as possible from home so that they get used to it and make it a habit when they are adults.
I sometimes see that financial literacy applied by Chinese families is very good, they seem to make financial literacy that is passed down from generation to generation taught in the family. They do not only teach about "saving" at the dinner table, but they also teach how to manage money, where to invest, even how to do good business. I take the example of Chinese people because so far that is what I have seen from the lives of Chinese people.