Olson Wealth Group’s Post

Starting early, using age-appropriate lessons and gamifying financial topics can empower kids to become confident, financially responsible adults. Learn how to foster healthy habits that last a lifetime. #Money #Habits #Earlyliteracy #TenuredWealth

As parents and advisors, we often grapple with finding the right balance between providing our children with advantages and fostering their ambition and financial responsibility. In this recent blog, Angela Grannan, CFP®, walks us through the tips she shares with families. https://lnkd.in/gMwG42Hp

🤔 Ever wondered why financial success eludes many? 💭 What if I told you the price you avoid paying today grows into a hefty sum tomorrow? 🚀 Dive into one of the topics covered in my upcoming book📘: “A broke individual is an adult who never had the chance to make mistakes with money at a younger age.” - Diego Taira You must pay the price, sooner or later. Those who avoided failures in their youth due to parental protection will face a higher cost in adulthood. If you’re a parent, take note! The well-intentioned protection or forced savings accrues a higher cost over time. Encourage your kids (or grown kids) to start small, embrace failures to build the necessary IQ (Intelligent Quotient) for savvy (financial) decisions, and nurture the EQ (Emotional Quotient) for emotional resilience that accompanies every single outcome. 🔄 Repeat this loop as it is a lifelong journey! What price are you willing to pay now for your future financial triumph? Share your 2023 reflection or 2024 intention below! 💰 Your Wealth Angel, Diego #PriceOfSuccess #FinancialWisdom #DiegoTairaQuotes #WealthAngels #Mindset #Money4Kids #TeachingKids

Will your children be more financially confident than you? Every parent hopes so – these four steps can help make it happen. https://lnkd.in/gd-5jHuh

Today is Teach Children to Save Day. This article is serves as an excellent resource for instilling financial responsibility in children at different stages of their development. #teachchildrentosave #financialresponsibility #yourstatebank #financialeducation #childrenandmoney

Will your children be more financially confident than you? Every parent hopes so – these four steps can help make it happen. https://lnkd.in/gesfhnRQ

Start your financial parenting early (age 5 to 7 is ideal), be conscious of the money habits you are role modeling - and the ones you’re not - and make learning about money engaging and fun. I keep on meeting parents who enthusiastically explain to me all the things they are doing to teach their kids to spend wisely and prioritize their pocket money (that they receive as a weekly or monthly “gift”). I listen politely (while inside I am sighing…) and try to find a kind way to say: that’s exactly the problem. You’re teaching your kids to spend - BEFORE you have taught them to earn and save. When I ask: “does your child see you saving?” parents tell me with equal enthusiam about how they explain or discuss saving with their children. No, I reply politely. I asked: does your child SEE YOU SAVING. Role modeling is not about telling a child what to do. It’s about walking the talk. It’s not easy to acknowledge that despite all good intentions we are often getting our financial parenting WRONG. 😨 It needs to be done in a specific way and in a specific order if we want our kids to develop good money skills for life. And it is key to advance economic gender parity that we challenge the spending focus of girls’ financial socialization. Let’s teach them to earn, save and invest - not just to be good spenders! In case you want to know more about all the COMMON MISTAKES AND HOW TO AVOID THEM see links in comments 🙏 #smartwaytostart #financialliteracy #financialliteracyforkids #kids #parenting #financialparenting #financialeducation #learning #education #schooling #learningathome https://lnkd.in/gni9P39Y