Teaching Very Young Kids About Money

Welcome back to the Money podcast. In this episode, Rob discusses teaching very young kids about money. There's a very different understanding of what to teach kids about money, depending on how old they are. It changes over time. Today, Rob focuses on ages zero to four and shares with you five basic things you can do, to bring your kids up with an awareness, knowledge and understanding of money. KEY TAKEAWAYS Five basic things you can do to give young kids a head-start in life, inspire entrepreneurship and understand the value of money and fair exchange. When counting, get them to count with money. Simple but effective, learn to count with denominations of money. Teaching the denominations of money. This is not just pounds and notes this is all currency. When ready, get them to start earning small sums of money. This is not chores, these are additional jobs that provide value. Teach them the value of working, providing value and providing solutions. Help them understand that entrepreneurship is a merit-based reward system. Weave into stories the value of money. From a young age, you can help shape their view on money. BEST MOMENTS "Spark interest in your children at a young age so that they become intrigued in learning more about money." "Expand their mind and their ability to count to improve their awareness and knowledge around money." "When you produce something of value you'll be remunerated in salary, earnings or rewards." "Whether you like the capitalist system, it's the system that's ubiquitous in all bar a few countries" "The capitalist system is the one that we use. It's a merit reward-based system that rewards those that solve meaningful problems." "The amount of hours you work doesn't dictate the amount of money you earn" VALUABLE RESOURCES Rob More - Money Matthew Syed - You Are Awesome: Find Your Confidence and Dare to be Brilliant at (Almost) Anything ABOUT THE HOST Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage. “If you don't risk anything, you risk everything” CONTACT METHOD Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn - https://uk.linkedin.com/in/robmoore1979