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, actually. One of the first things my parents did when I was a child was to teach me the importance of saving money and the importance of investing, they get a little bit out their way for me to get and understand what saving was and what investing was. They gave my first money pig when I was still like four years old and told me to fill it up with some little money each time they gave me some coins or bill of small denomination.
Now I am an adult I have learnt to control my finances in a better way and keep money saved and invested, and I must say cryptocurrency has helped me much as an instrument for me to diversify and get some returns in the long term.
I will never be able to thank my parents enough for teaching about finances as a grew up and also explain to me what Ponzi schemes were and such.