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?
The truth is that every parent that is wealthy wants their children to continue in their legacy that is why there is generational wealth in most homes today, and it also depends on the financial discipline of the parents just like you stated because if they are not disciplined in their finances, it could be difficult to pass wealth to their offspring. In the past, most rich kids believes that their parents wealth is also theirs and that mentality misled a lot of children such that they don't work anymore because their parents already had money but it made them become so lazy and unable to manage the wealth after the demise of their parents but in this modern day, parents even start teaching their children how to make their own money right from a very tender age and it has really helped because they now understand what it takes to make their own money which made them to be cautious about their money and applied disciplinary measures that paved way for generational wealth.