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Ultimate Guide To Raising Financially Literate Kids | Scott Donnell

Wealthy Way

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Building Character and Financial Literacy in Children

This chapter emphasizes the importance of developing strong character and financial literacy in children through healthy struggles and value creation. It outlines practical strategies for parents to encourage independence, responsibility, and a positive mindset toward finances by allowing children to face challenges and learn from mistakes. The discussion also introduces a structured family economy system that fosters a sense of entrepreneurship and financial motivation among children.

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