Topic: Financial Literacy for kids - page 3. (Read 1613 times)

I believe education is a key metric every kid need in their life and there are ways anything can be broken down into tiny pieces for children to learn and understand. I have seen Bitcoin for kids in this forum and it was a book that contain some diagrams for them to understand what Bitcoin is all about, more that can be simplify for kids to learn and understand with attaching wealth to it, it's the future and better they know it before they become an adult.

As time goes on, the hard aspect of Bitcoin can be simplify for them to learn just like the way Learnmeabitcon.com did on his website, from beginner class to technical aspect and I must tell you, everything on that page looks self understanding. Similar thing can be done for kids but this comes with the government approval, without their approval it wouldn't be possible.

Well a look at, it won't be like forcing them and I don't support the idea of a boot camp for kids. Parents take or go or boot camp, then intentionally pass the knowledge to their kid. Financial planning and management I guess will make sense, just like they learn about science and technology designed for their understanding. They can also learn financial literacy designed for their understanding.
Also it should not also be a matter @what age the program should start. It should be working on it in the first place.
I believe it will be all fun for them also, just some complicated subjects they have been doing.

I would oppose the idea of ​​children as young as 7 years old taking finance courses or financial bootcamps like your idea. In my country, 7-year-old children have not yet finished first grade. Is it too much to force a child who has not yet mastered basic addition, subtraction, multiplication, and division to know about finances? Why can't we give them a beautiful childhood? And what will ensure that forcing children to learn about finances early will help them become rich people later?

I am not against the idea of ​​teaching finance to children, but I think it is not necessary to teach it too early when children have not even finished first grade.

I would oppose the idea of ​​children as young as 7 years old taking finance courses or financial bootcamps like your idea. In my country, 7-year-old children have not yet finished first grade. Is it too much to force a child who has not yet mastered basic addition, subtraction, multiplication, and division to know about finances? Why can't we give them a beautiful childhood? And what will ensure that forcing children to learn about finances early will help them become rich people later?

I am not against the idea of ​​teaching finance to children, but I think it is not necessary to teach it too early when children have not even finished first grade.

I understand your point but Op point is quite reasonable to some extent too. If you pay close attention to the post you can see that he emphasize on the kids and it is clearly stated in the post title. Kids don't need job or money at that age. I think having knowledge on how to manage anything related to finance is very important to them before the arrival of job/money. The problem some of us find ourselves in these days is as a result of mismanagement of finance due to lack of financial literacy. Kids, if equipped with this knowledge at a young age even before they start relating with money is a great advantage for them to make good use of any money that comes their way.

I think this financial education of children will play a big role in increasing the financial capacity of a country or building a smart country. Because people are basically poor mainly due to lack of money management as you mentioned. So I believe that the real development of a country will happen only if we take this money management education from our family. Because when it is possible to teach a child about money management, he will use his money for development and play an important role in money production.

Financial literacy learning will usually educate the younger generation more in using money and in interpreting finances correctly and appropriately because it is indeed important for everyone from all walks of life to learn so that they do not make mistakes in using money and also to be able to help themselves from poverty because they do not know how to use money in life. Now in some countries it is still quite difficult to get a job unless there is an initiative to build jobs by ourselves so that things related to finance must really be learned correctly so that they do not continue to experience difficulties because of one or two wrong things.

Indulging a child in a financial literacy boot camp can be highly effective in teaching them valuable money management skills and setting them up for long-term financial success that will make them develop good habits and good relationship with money and again Developing good financial habits and knowledge early on can lead to better financial outcomes and a more secure future.

So by investing time and resources in a financial literacy boot camp, you'll be giving your child a valuable head start on their financial journey.

That also includes basic learning for children when they are already familiar with money so they also need to know when they should use money and when they shouldn't. In addition, it is also necessary for children to know good places when using money because they also shouldn't use money in all places that can cause them to continue to rely on money for everything and that can also give bad results for them. I also quite agree with what you said because now there are many children who still don't know how to use money properly in more decent places.

That's true. When it comes to basic finances, it's only right that we give awareness to children so that at least they become familiar with the importance of such things.
So that while they are young, they can see and know how to use it correctly.

And when they also see where it should and shouldn't be used, they can also be aware when they have money in their hands, whether it's a large or small amount.

Acquiring knowledge is something that can help us the little ones growing so they can keep getting skills in areas they are good at and how to monetize to make money for themselves. The way the world is moving , we might be very surprised that soon certificate would no longer be a qualification of getting a job. Things are becoming very easy now and the use of artificial intelligence is going to take the industry by should making many people to lose their jobs without having something better or jobs that would be able to pay their bills. In the next 10 to 15 years coming, we might not have so much human labour again because many people will not get employed because of AI robot doing almost all our jobs.

This can be an indication for us to educate our children to have very good financial literacy. I think in the future even school will not be a necessity. Children will only learn the most basic things like reading, writing and arithmetic and the rest is a specialization in certain skills. I believe in the future specialist skills are more needed than general skills. In my generation in my country children were taught something that they didn't really need in their real life. This is why our role as parents is very, very important to introduce financial literacy.

Things are becoming very easy now and the use of artificial intelligence is going to take the industry by should making many people to lose their jobs without having something better or jobs that would be able to pay their bills. In the next 10 to 15 years coming, we might not have so much human labour again because many people will not get employed because of AI robot doing almost all our jobs.

All kinds of steps should be taken to help the personal development of young children thinking about the future, in which the independent movement and living of the individual will be safe and the economic development of the country will be ensured. I can say with certainty that this financial literacy boot cap may not guarantee jobs to people but it will help change the economic status of people and accelerate the economic dynamism of the country.

Some people talk about Bitcoin without ever putting any of their own money at risk. But it's just ego and not knowledge. They repeat talking points and don't say anything useful. If someone is still living off of their parents' money, they can't give you good financial help. Real knowledge comes from having "skin in the game," or dealing with the ups and downs of the market yourself

Bitcoin isn't just a trend; it's a big change in the way money works. It needs respect, not judgment from afar. We need to build real relationships, not just echo bubbles. Talking about money, whether it's Bitcoin or something else, should come from having done it before. It's about giving something of value, not just saying nice things.  Shared events, not idle chatter, are what bring people together. It's not just about the money; it's about the deeper link between people that comes from understanding and caring

Financial literacy has been on a wide range of effectiveness to the society at large and it's impact on our kids at a tender age will make it more suitable and beneficial to them and the society, having kids with a 100% prospect on finance will go along way of reducing financial instability and let them understand and manage personal finances effectively, making informed decisions about earning, saving, investing, and spending money.
And how do we execute that it's at this early stage of their lives ranging from 7 and above.

Have been wanting to share this thought with everyone cause I think it'll be of greater achievement and benefits to us All and I think registering them for a financial literacy booth camp is the key, beginning from this holiday.
Alot of parents are not slacking on this cause they demand the best and definitely in the aspect of finance it should be put into better consideration and working body just as it'll make a better impacts on our kids in the long run.

Indulging a child in a financial literacy boot camp can be highly effective in teaching them valuable money management skills and setting them up for long-term financial success that will make them develop good habits and good relationship with money and again Developing good financial habits and knowledge early on can lead to better financial outcomes and a more secure future.

So by investing time and resources in a financial literacy boot camp, you'll be giving your child a valuable head start on their financial journey.

Not all the time, we have seen a lot of kids who do not know how money is made, they are just born rich and they feel like they will always be rich and when their parents are gone, they end up being very poor.

The sad reality is that too many parents who are rich, do not have time for their kids and they do not spend that much time teaching them the value of money, which makes them think that it's easy to make money and they will just do what their parents do and when they start the business world they bankrupt bunch of their companies. That's why it should be very important to realize that you are going to end up with making something difficult for the kids. I believe that teaching kids the value of money is very important for this reason.

Seriously, a boot camp for money management? when we're living in the world where field jobs is getting scarcer, having a degree doesn't guarantee you will get a job and learning a new skill in boot camp doesn't guarantee you will get a job?

I'd say money management/financial literacy is good when you already have a job, if not, mastering money management when you have no money is really pointless.

Being an example for kids is a must, but not always, when parents are wealthy, kids follow their footsteps. While parents worked hard their life to earn and become wealthy, kids will always have an easier start. In fact, such parents often say that they dont want their kids to work as hard as they did. And I would debate about children always want to imitate parents lifestyle. Specially modern kids. They are not used to difficulties. Nevertheless, from my point of view, the smartest kids are not those who accompany their parents in business, but surpass them in business.

Attending a financial boot camp may boost early financial knowledge for young minds but I don’t think it’s a necessary one. They can definitely learn proper management of finances from their parents at home, and teach the kids on simple saving and spending only on important matters and disregard the unnecessary ones. Parents are the role models for their children at home, so if they want the kids to learn the value of money, parents should start demonstrating it at home while these children are keenly observing them.