Re: Financial education begins from home.

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.

That's why it's considered a privilege for a child to learn the tools and skills to manage a budget, no matter how small. These methods are supposed to be learned theoretically in the early years of school, and then learned practically by observing family members (parents and siblings) and performing tasks using small amounts.

Indeed. Teaching them at their young age may not be appreciated by them for now, but when they grow old, they will know how to value such a thing. That is why I don't make my kids' lives too easy. I give them enough money only for their basic needs. It's up to them if they will save some or not. Guiding our kids is not just making them suffer difficulties, but it is a way of helping them to become responsible in the future. They may not understand it, but soon they realized how important it was.

You shouldn't make the task difficult for you as parents and for your child as well, in a way that might deprive him of enjoying the best times of his life (childhood without responsibilities). Your role as a parent is to teach your child to take some responsibility, not to force it on him. Your idea of motivating the child to save from his daily poketmoney is very good, and I am sure that you will see positive results in the short term. In other words, you don't have to wait for him to grow up to see the results of your support. I encourage you to continue your support and you will see the results happen in front of your eyes like magic. Don't forget to make the mother aware of this as well, so that the task becomes a shared responsibility.

There are many rich poor who want the success of their child but company matters a lot because every person consume good and bad things from society and if they will spend more time with financially educated people then they will be more successful in life ans also execution matters a lot because you can face challenges in life. There are point of view about rich and poor person and every person has different perspective.Parents want big position of their child because child need money to survive but they should start work at early age and should be independent before 18 age then our country will grow more . Because new entrepreneurs will take advantage from the market.

Your suggestion regarding financial independence for children before the age of 18 does not seem practical and cannot be realistic according to the laws and regulations adopted in each country. Financial independence means having a steady source of income, whether through employment or self-employment. I do not see any other way to achieve financial independence without work. Therefore, your proposal is either to employ children and encourage them to enter the labor market at a relatively early age, which is considered a violation of the law and subject to criminal penalties, or you are proposing to change the laws that prohibit child labor, which is an even more destructive proposal than the first one.

Child labor is that totally that being prohibited or part of the law considering that there's a specific age on when a certain person would be entering on having a job on which at the moment that youth or kids will be that having that kind of engagement then it will be that a different story. Financial independence wont be that pertaining about being shackled with day job but since we dont have that choice then this is where we do able to get that career path at the moment that we do finish up studies or finishing our college. Speaking about financial education then it will be that starting up on home, it might not be that in depth teaching since its just that our parents will be giving out the basics but still that better if us parents will be teaching not only on behavioral aspect but also when it comes to financial management or related things. Although each parent will be that different when it comes on handling up their kids when it comes into this aspect. So it will be that depending basing up into each family but there are still those kids that despite of being taught by their parents but ended up on having that failure when it comes into this aspect, but it is that still much better that us parents will be giving them out on what are the best teachings on which we can be able to told into our kids. So it will be that up to them whether they will be making use of those learnings into their future lives and experiences basing up on what they have learned from home. Even though this isnt complete then this is where going to school will be patching up all the possible needs that they do need up to learn. It will be that up to them on how they would be making use of those learnings that they would be applying into the challenges in life on whats ahead.