Financial Mindset &

Education for Kids

Financial Mindset and Education for Kids

Why is it important to teach your kids about finances?

As a parent all I want is for my kid to live a better life than I did and be happy. I think most parents just want the best for their kids. That is why it is important for us to equip our children with a financial education, since this is not offered in traditional school settings. In order for our children to achieve financial freedom and live their best life they need to understand how money works and how to have their money work for them. This starts with an abundant money mindset!

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Asset vs Liability

Are you teaching your kids the difference between assets and liabilities?

Is a house an Asset or Liability?

Trick question: Is your house an asset? It may be considered an asset to a banker because for the bank it is an ASSET assuming you have a mortgage but even if you don't it doesn't matter, you still have bills to pay.

A house is an Asset if it is a rental and produces enough income to put money in your pocket!

Debit Card vs Credit Card

Although credit cards and debit cards may look the same there is a BIG difference!