I hope everyone had a good Independence Day weekend. Independence Day is a great time to get kids started on financial independence. It might sound silly to start so young, but a lot of it boils down to some core life skills and letting compound interest do the rest. That article has tips such as learning to cook, which is something many parents do with their kids. You may also want to read If You Made a Million.
This past week, I like the following Tweets:
I don’t come across Walter the Vault’s Tweets often, but whenever I do they make me smile. It’s one thing to give sound financial advice, but it’s another to do it in rhyme. Here’s a great example:
#WaltersWordsofWisdom Wednesday – "Money is a useful tool. Use it wisely, that's the rule. You'll improve the way you live. Earn it, save it, spend and give."#WordsofWisdom #MoneyMindset #WalterTheVault pic.twitter.com/VpJEBH570Z
— Walter the Vault (@WaltertheVault) June 22, 2022
I love Tweets that get dozens of useful responses and this is one case.
In your opinion, what's ONE financial lesson every parent should teach their kids?
— IF | Idyllic Finance 💸 (@idyllicfinance) June 29, 2022
With so many tips to read in that last Tweet, I’ll cut this post short so you can get right to it.