Talking about teaching financial intelligence to children, what do you think is the best practice to enforce this as a parent,
Scenario 1
Giving them enough money at a young age to see how well they will manage it.
Of course it depends on the person in question. I believe that people who will have the mindset to give money to their children at a Young age to see how well can manage it as a test are the rich guys. I doubt if the poor guys will do that.
Scenario 2
Not giving them enough money, so they can work for their own money.
Put these conditions in mind,
In the first scenario, it is a close condition where the parent intends to teach the child early how to manage money, and in the second scenario, the parent wants the child to learn from their own experience.
I will prefer not to give my child money for him or her to hustle on their own and see how difficult life is. After I may have seen his/her effort them I can decide to give a lifting or helping hand to support. If such child struggle so hard to build wealth, they might find it difficult to misuse it. There is a slogan in our language we often say that it's only a baby toad is use for practical, meaning that we don't use expensive things to play which means that real cash that was hard toake, May be misused instead we use the less relevant ones. And that is why they need to work hard on there own.