An article on Yahoo! Finance caught my eye this past week: 4 millionaire money habits to teach your kids, by Jeanie Ahn. I thought the advice was pretty good. Boiled down, you simply coach your kids to save, understand compounding, avoid frivolous spending, and be charitable.
We can get behind that, right? Take these four pillars of smart personal finance and find ways to impress upon those little impressionable minds. My question is whether it’s wise to impose a “millionaire mindset” on children.
Read the rest of this post over at my sensei Fritz Gilbert’s fabulous site, The Retirement Manifesto!
Programming note: There will be no post on Monday, July 3rd. Enjoy a safe and festive 4th of July!