The generic order is –
DNA & Blood
Food
Language
Social Interaction
Behavior & Communication
Personality Traits
Character Building
Survival Skill Set
Education
Specific Skill Sets
And then, they are off…?
How about – ‘Intergenerational transfer of Money Matters’?
Missed the bus ?
If not taught, it happens by default – by observing parents (90% influence) & people around (10% influence).
They pickup stealthily, our ‘Habits’ on –
Spending – thrift or spendthrift
Savings
Treatment of Money (Respect)
Investing
Debt & Liability
Financial Planning
Charity & Philanthropy
Contingency Planning
The wisdom of ‘Money Matters’, if not passed on successfully; the accumulated ‘Wealth & Transfer’ from our end, is an effort gone waste.
Consciously impart financial education, from an early age.