Teaching Financial Literacy to the Next Generation

This chapter emphasizes the critical role of teaching financial literacy to youth, focusing on budgeting, debt management, and the value of delayed gratification. Personal experiences and insights are shared to illustrate how to instill these essential money management principles in children.

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📈 ⁠⁠⁠⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠ 📱 ⁠⁠Watch the full episode for free in the Ramsey Network app. ⁠⁠

Rachel Cruze and Jade Warshaw answer your questions and discuss:

"How do I teach my daughter good money skills?"
"My wife doesn't want us to invest in the stock market, how do I convince her to do this?"
"My fiancée won a medical malpractice lawsuit and will get $1.3 million, how should we use this money?"
"Would it be a financial mistake to move to an expensive area in order to train in a prestigious program?"
"My fiancée is concerned about the terms in our prenup, how do we work through this?".

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