Amber River SFIA’s Post

"The greatest gifts we can give our children are the roots of responsibility and the wings of independence." - Denis Waitley 📌 Teaching children about personal finance from an early age equips them with the roots of responsibility and the wings of independence. By instilling financial literacy early on, parents and educators empower children to make informed decisions about money management as they grow. Understanding the basics of budgeting, saving, and investing cultivates a sense of accountability towards their financial well-being. 📌 As children learn the value of money and the importance of making thoughtful choices, they develop a foundation of responsibility that will guide their financial decisions throughout life. Additionally, early exposure to personal finance fosters independence among children. By teaching them how to handle money effectively, parents nurture a sense of self-reliance. 📌 As children grasp the concepts of earning, spending, and saving, they gain confidence in managing their own finances. This sense of independence not only prepares them for the financial challenges they may encounter in adulthood, but also empowers them to take control of their financial futures. #financiallyeverafter #empoweryourfinances #smartmoneymoves #wealthcreation #saving #investing #budgeting #financialliteracy

F***, I’m annoyed at how much useless stuff they still teach in school instead of actual “how-to-live-in-this-world” teachings. Emotional resilience is high on the list of non-existence in the classrooms, and so is financial literacy. When you’re not educated on either in your younger years, your chances of a happy, fulfilled life are effing LOW unless you are extremely lucky. A female vet recommended me this book and I bought it to check it out and see if I can recommend it to the young women in my life. Well, I’m half way through and have ordered one for both my daughters and my niece. And although I’ve studied a LOT about money to try to get my financial life in order, I’m still learning from this book. If you’re all set up financially and confident in your abilities to save up, have money for fun and also a solid retirement, you don’t need this book. For everyone else, who feel like they’re not quite in control of their moneys, that they never seem able to earn enough to save up, feel ashamed of the debt they’ve accumulated and have no idea how to get out, and live in hope of “it’ll be fine one day”, this book is for you, no matter your age. We should have learned about this from the people in charge of our education, but alas, drawing within the lines and memorizing the periodic table seemed more important for our survival, I guess. So if money is an issue for you, like for so many people (that don’t talk about it, because that’s rude, right?? And we SHOULD already know this stuff!), go and buy this book. #financialliteracy #moneymatters #teachthisinschool

It’s important to remember there is power in knowledge, and equipping the next generation with financial education is critical. That said, nurturing financially confident kids is a gradual process. Tailor your approach for your own children and grandchildren using these ideas. Sign-up for our newsletter to read more articles like this one: https://lnkd.in/g9RXyTYh #finance #financialplanning #wealthmanagement #wfywm

📚 Have you ever read "The Richest Man in Babylon" by George S. Clason? My view: it should be essential reading on all school curriculums. It aligns perfectly with my passion for financial education! 🏛️ This timeless parable beautifully illustrates the significance of financial literacy and smart money management. TL;DR: "The Richest Man in Babylon" offers timeless key lessons including the importance of saving, investing, avoiding debt, and seeking wise counsel. It emphasises the power of discipline, patience, and taking control of one's financial destiny to achieve wealth and prosperity. 👨✈️As a financial literacy advocate, I'm inspired by how these principles empower individuals, especially young ones, to take control of their financial futures. 🧑🧑🧒🧒 ACTION 🚨: if you’re a parent and not sure where to start when teaching your kids about financial education then I’d encourage you to read this book. GoHenry also provides in-app gamified money lessons for kids and teens (and adults!). 💡 Let's leverage this wisdom to instill lifelong money skills in our children, helping them pave the way for financial independence and success. Together, let's empower the next generation with the tools they need to thrive. #FinancialEducation #Empowerment #TheRichestManInBabylon #gohenryCommunity GoHenry

𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐂𝐡𝐢𝐥𝐝'𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐓𝐡𝐞 ₹𝟑𝟖 𝐋𝐚𝐤𝐡 𝐒𝐞𝐜𝐫𝐞𝐭 Did you know that a ₹75,000 investment at age 15, with an 8% annual return, could grow to over ₹38 lakhs by age 65? But wait just 10 years, and that same #investment yields only half the amount. This is the power of compound interest – a concept rarely taught in schools or at home. As parents, we have the opportunity to shape our children's #financialfuture. But many of us feel ill-equipped to teach what we never learned ourselves. Missed opportunities that could cost our kids crores over their lifetime. Imagine a world where every 15-year-old understood: • The magic of #compound interest • The importance of early #investing • How to leverage #tax-saving instruments • The benefits of employer-sponsored #providentfunds By arming our children with this knowledge, we're not just securing their future – we're building a legacy. Remember, it's never too late to learn – and 𝐢𝐭'𝐬 𝐧𝐞𝐯𝐞𝐫 𝐭𝐨𝐨 𝐞𝐚𝐫𝐥𝐲 𝐭𝐨 𝐭𝐞𝐚𝐜𝐡. Your child's financial journey starts with you. #FinancialLiteracy #LegacyBuilding #WomenInFinance #EarlyInvesting #TeachingKidsFinance #IndianFinance #RupeeInvesting #legacybuildinginfinance #legacybuildingcoach #ndtalks #Financiallitearcyforkids #parentingtips

Let's take a moment to reflect on this timeless wisdom from Benjamin Franklin. Teaching your children the value of saving is one of the most impactful lessons you can impart. 🌟** When Benjamin Franklin said, "A penny saved is a penny earned," he encapsulated a fundamental principle of financial literacy. For children, understanding this concept early on can set the stage for a lifetime of smart money management and investing. Once your child has a good grasp of saving, introduce them to the concept of investing. Explain how money saved can be invested to grow over time, like planting seeds that will eventually turn into a money tree. Benjamin Franklin's wisdom holds true today as it did centuries ago. By teaching your children that "a penny saved is a penny earned," you're giving them the tools to build a secure financial future. Encouraging good saving habits now will prepare them for the world of investing, helping them grow their financial knowledge and wealth! #growingthemoneytree #moneyforkids #financialadvice #financesforkids #teachkidsmoney #financialliteracyforkids #moneylessons #financialplanning #investingforbeginners #financetips #investingforkids #benjaminfranklin #motivation

Why Financial Literacy Matters for Our Kids Let's think about why it's important to teach our kids about money and give them the confidence to make SMART CHOICES and AVOID FINANCIAL PROBLEMS in the future. And stop them from happening in the first place! People who don't know much about money often: ◾ Worry a lot about the future because they don't have a plan. ◾ Ignore money problems hoping they'll magically disappear (which they won't!). Make big mistakes with money, like: ◾ Not saving for retirement until it's too late ◾ Living beyond their means and getting into debt ◾ Not figuring out how much money they actually need to live the life they want. ◾ Expecting to get rich quickly from investments (not realistic!). Money problems can also affect our lives in other ways: ◾ Less free time: We might have to work extra to make ends meet, leaving less time for fun. ◾ Delayed dreams: We might have to put off things we want, like travel or starting a business. ◾ Unhealthy coping mechanisms: We might deal with stress in unhealthy ways, like overeating, isolating ourselves, or even using drugs or alcohol. By teaching our kids about money management, we can help them avoid these problems and have a BRIGHTER FUTURE! #financialeducationforkids #moneymanagement #personalfinance #investing

Today, we draw inspiration from Sam Levenson's timeless wisdom: "Don't watch the clock; do what it does. Keep going." As parents guiding our children on this path, let's instill in them the importance of persistence and resilience in their pursuit of financial knowledge and empowerment. Financial literacy and investing are lifelong journeys, not quick fixes. Encourage children to adopt a growth mindset, viewing challenges as opportunities for learning and growth. Emphasize that setbacks and obstacles are natural parts of the process and that success comes from perseverance and determination. Like the steady ticking of a clock, progress in financial literacy and investing is achieved through consistent effort over time. Encourage children to set small, achievable goals and take consistent steps towards them each day. Whether it's learning about a new financial concept, saving a portion of their allowance, or researching investment opportunities, every action moves them closer to their goals. Just as the clock's hands move forward with each passing moment, children should embrace each experience as an opportunity to learn and grow. Encourage them to reflect on their financial decisions, both successes, and failures, and extract valuable lessons from each. By learning from experience, they become more informed and confident in their financial choices. As parents, we play a crucial role in teaching our children the value of perseverance. Model resilience in your own financial journey and share stories of overcoming challenges and setbacks. Encourage open communication and provide support and guidance as they navigate the complexities of financial literacy and investing. In the pursuit of financial literacy and investing, remember Sam Levenson's words: "Keep going." Through determination, perseverance, and a steadfast commitment to learning, our children can overcome obstacles and achieve their financial goals. Let's empower them to embrace the journey with resilience and determination, knowing that each step forward brings them closer to a brighter financial future. #SamLevenson #investingforkids #financialgrowth #motivation #financetips #financialeducation #financialliteracy #financialliteracyforkids #moneyforkids #financialeducationforkids #teachkidsaboutmoney #teachkidsmoney #moneylessons

💋💋🧚♀️Off she goes to her Money Moves Youth Forum Building Wealth from a Young Age: Our Family Journey I believe that building wealth is not just about accumulating money—it's about creating a legacy. One of the greatest gifts we can give our children is the knowledge and skills to manage money wisely. 👩👧👦 Teach Early:Start conversations about money with your kids early. Simple lessons on saving, spending, and giving can set a strong foundation for their financial future. 💡 Lead by Example:Show your children how to budget, invest, and plan for the future. Let them see how you manage finances and make informed money moves. 📚 Education is Key:Equip your kids with the knowledge they need. From understanding the basics of banking to the importance of credit scores, every lesson counts. 💵 Hands-On Experience:Give them practical experience. Help them open a savings account, involve them in family financial decisions, or start a small business together. 👨👩👧👦 Family Wealth Building:Make wealth-building a family affair. Set financial goals together and work as a team to achieve them. Celebrate milestones and learn from setbacks. Let's empower the next generation to be financially savvy and build a legacy of wealth and wisdom. Together, we can make financial literacy a family tradition! 💪💰 #FamilyWealth #FinancialLiteracy #TeachKidsAboutMoney #BuildingLegacy #RBATaxFinancial

As parents, one of the greatest gifts we can give our children is the knowledge and skills to navigate the world of finance confidently. Today, let's explore the concept of investing—a powerful tool for building wealth and securing a brighter future. At its core, investing involves putting money into assets with the expectation of generating a return over time. This could include stocks, bonds, mutual funds, real estate, and more. By investing wisely, individuals have the opportunity to grow their wealth and achieve financial goals. Introducing children to the concept of investing at an early age sets them on the path to financial literacy and success. Start by explaining the basic principles of investing in terms they can understand. Use relatable examples, like planting seeds in a garden and watching them grow, to illustrate how investments can multiply over time. Encourage children to explore different investment options and learn about the risks and rewards associated with each. Teach them the importance of diversification, patience, and disciplined saving habits. By involving them in age-appropriate investment discussions and decisions, parents can empower children to make informed financial choices as they grow older. Investing is not just about making money—it's about securing a stable and prosperous future. By teaching kids about investing from an early age, parents equip them with valuable skills and knowledge that will serve them well throughout their lives. So, let's start planting the seeds of financial growth today and watch as our children reap the rewards tomorrow. #moneyforkids #financialadvice #financesforkids #teachkidsmoney #financialliteracyforkids #moneylessons #financialplanning #financetips #financetips #financesforkids #financialliteracy