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?
I agree with you 100 percent that financial education begins at home, the habit that we see a child or a person always started at home and it is from our parents and the environment or the background we come from, some people come from a family where they never lack and also a family where they see everything as a small thing and some of us come from a background where to eat in a day is very difficult for us, I matter how is it if a poor person later gets reach it will be very difficult to see the person spending anyhow without thinking but if someone is born in a rich family the person can spend anyhow because he believes there are more to come.
I know that some poor people who lavish money anyhow when they make money but anyhow it is the spending will be different from a person who grows up in a rich family or environment where they don’t lack anything, there are still some people that come from a rich family and they are well trained and know how to manage when it comes to financial literacy.