Did you know your child’s basic money habits are formed by the age of seven? Research shows that even preschoolers can understand basic money concepts.
For the first time since her groundbreaking New York Times bestseller, Get A Financial Life: Personal Finance in Your Twenties and Thirties, personal finance journalist, financial literacy advocate, and author Beth Kobliner hits the road to talk about about her important, new book for parents and teachers and share fresh insights on how to teach kids money smarts. Her wise, practical, and relatable advice is detailed in her new book, MAKE YOUR KID A MONEY GENIUS (EVEN IF YOU’RE NOT). It turns out the key to raising a money genius isn’t to teach that four quarters equal a dollar or how to pick a stock. Instead, it’s about instilling values that have been proven to make people successful—not just financially, but in life: delaying gratification, working hard, living within your means, getting a good education, and acting generously toward others.
More specifically, Kobliner explains why allowance isn’t the Holy Grail when teaching your kid to handle money, and why after-school jobs aren’t always the answer either. She offers insight on the right age to begin the “money talk” (earlier than you think) and what you shouldn’t tell your kids. Other lessons in MAKE YOUR KID A MONEY GENIUS (EVEN IF YOU’RE NOT) include: why doling out a wad of cash can actually be a good parenting move, why paying your kid for chores can turn him into a slacker, and when to introduce credit cards. Along with the latest research from the fields of behavioral psychology, economics, and personal finance, Kobliner shares her stories and offers valuable tips to help any kid develop good money skills, a strong work ethic, and a solid financial future. Instilling good money practices early can mean the difference between a life of economic stability and one fraught with financial worry.
This event will be co-hosted with the Jump$tart Washington, an organization dedicated to promoting the need for financial education in Washington State. We provide teacher training seminars, special events for students and reach citizens throughout the state. Our members include individuals, public and private organizations, educators, and non-profit associations – each passionate about making change and advancing our goals to raise awareness for the need and importance of personal financial literacy and increase the use of financial education programs in school and homes.