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?
Does anyone doubt it? Of course, children should be taught financial literacy from an early age if their goal is their financial well-being. The question here is different. How many parents are there who understand this issue? Yes, not so many. That is why there are too many poor and needy people in the world. Not everyone is given the ability to understand the simple truths of this process. And they are quite banal.
As a child, no one explained to me how to properly deal with the income that came in. That you should not spend it all within a certain period of time. You should put aside some part or, better yet, invest this money.