A Simple Money Formula by a 12 Year Old
WHAT WAS MY REACTION WHEN I WATCHED THIS VIDEO BY FINANCIAL FITNESS BUNNY?
Ecstatic is an understatement!
Before I get into elaborating more on why I was ecstatic and wowed by this savvy smart 12 year old, I have listed below 1 main initial reaction I had:
"Even if our kids aren't old enough to practice some of the smart money concepts they learn, it is still important to expose them to these concept."
Do you remember when you were a toddler and perhaps was dropped off at the daycare/nursery? Remember those nursery rhymes? Let me know which was your favourite nursery rhyme and which one scared you.
Well, many of those words in nursery rhymes meant nothing to us - we simply enjoyed the rhymes vs the words. Would you agree?
And then we got older and..
The older we get, the wiser we become - or so we should. As we grew from being a toddler into kids of school age, the words began to make more sense. I know it certainly did for me. I also noticed the same happened with my daughters.
The very same principle can be applied to the little guest speaker who spoke in the video. Exposure is still a crucial part of education for a child. Keep exposing them regardless of their age.
The more a child is exposed to varying money concepts over a period of time and on a repeated basis, the more the child grows in financial intelligence and responsibility.
It's almost like when our kids are told at school to read books which challenge their imagination and vocabulary - regardless of the volume of the book.
Anyway, let's get straight into a list of things which stood out for me:
- Financial literacy for kids has an element of philanthropy
- Find what works for your child and run with it
- Give your child real money to learn from
I'd love to read your reaction to the video in the comment box. By the way, our No Sugar Coating post is a fun and factual read which you can't afford to miss.
Until next time,
Until next time,