When teaching children about money, parents should adopt an abundance mindset by responding to financial challenges with 'let's figure out how we can afford that' rather than 'we can't afford that,' as this approach teaches children that money is not scarce and that challenges can be overcome through problem-solving.
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The biggest mistake parents make about money #financialliteracy #moneytips本站添加:
So, in parenting, in teaching our kids about money, there's two ways. So, let's say that one of my kids wants to go to Disney World. There's two responses to that. We can't afford that, and by saying that to your kids, you're telling your kids money [music] is scarce, scarcity mindset, right? Or you could say, "Okay, well, let's figure out how we can afford that." You're teaching there's an abundance mindset. I basically said, "Look, it's a challenge.
Let's go figure it out." Or it's a challenge and we're not going to figure it out. So, how you talk to your kids is so extremely important.
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