The Money Podcast What They Don’t Teach Kids in School About Money
Teaching your kids about money is essential for their growth and development in today’s economic climate where the world is governed by money and it’s just as important to work hard as it is to work smart. Rob shares his thoughts on the education of money from a young age, why it’s pivitol to understand how money flows and why by learning about money young you can much more easily embrace money into your life and ‘use it’ rather than ‘it use you’ Discover Robs top tips on money education, how to incentivize your children to learn and why understanding money is essential to success.
KEY TAKEAWAYS
- The fundamental thing about teaching your children about money is it’s not just about making money. It’s how money works! If you fully understand how money works you can much more easily embrace money into your life and ‘use it’ rather than ‘it use you’
- If you’ve got children you have great advice and wisdom to give them but they will resist you because you’re their parent and that’s the problem. Therefore it’s great to use stories and analogies to convey lessons about money, business, personal development and challenges to overcome.
- It’s important to learn how money works not just how to get it. Understand how money works, it’s an exchange, value, contribution, creativity, and philanthropy that will help your children in a world that is governed by money.
- Leverage other adults and role models in your inner circle that can help the development of your child. Aim to surround yourself with people that ‘have something about them’ and can help their understanding of money. Your child will listen to them, simply because they’re not their parent.
- A great reading for the development of your child’s understanding of money, personal development and business is by incentivizing them to read. “Facts tell by stories sell” A good technique is to offer your child money if they read a certain book about mindset, positivity or a book with a constructive message that you want them to learn and ask them to write a mini report on it after. This will help them to understand the value of exchange and the value of the fair exchange in trading money for something ‘they’ have done.
- Monopoly is a good way to educate children about money. The new version also has a card reader for digital payments and being the banker gives them a very good understanding of monetary exchange, saving and spending.
- It’s pivotal to teach our children about money and how to generate it, previously we operated in a labor society where just working hard would earn you more money. Nowadays we live in a much more different society where you need to work smarter, invest your money and understanding the economy and more importantly money to succeed.
BEST MOMENTS
“Master money, rather than be a slave to it”
“Control money rather than let it control you”
“The word currency means flow and money is in its true nature when it’s flowing”
“Money loves speed and hates friction”
“Money is a consistent form of value, a mechanism of exchange and protection about an uncertain tomorrow”
“If you took money away we would be back to a primitive barter system”
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
- Rob’s official website: https://robmoore.com/
- Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
- LinkedIn: https://uk.linkedin.com/in/robmoore1979