One of my favorite books of the year was “Priceless Facts About Money” by Mellody Hobson. It may be a children's book, but adults love it, too. It explores all aspects of money, along with lots of fun facts, in an accessible way that will give any children in your life a boost in financial literacy and prepare them for the future. 77% of American adults are anxious or stressed about finances, and as Mellody tells the Financial Times, we need to start talking to our children about money when they're young. This is important, even when it’s uncomfortable. As she says, “Most parents would rather talk about a condom than a credit card.” You can read the interview here: https://lnkd.in/dhHmn4tf And get a copy of the book here: https://lnkd.in/dMWEcyYK
Such a vital topic—financial literacy for children is crucial. 💰
Talking to children about money is essential for building healthy financial habits and attitudes from a young age. Children learn through observing, so parents should set a good example when it comes to managing money. Teach them the value of money by involving them in practical activities. For example, take them to the grocery store and show them how to compare prices. Encourage them to donate and explain that there are people in need, fostering a sense of compassion. Help them develop the habit of saving money, whether it’s for buying a book, a gift, or something meaningful to them.
Arianna Huffington, money conversations can be tricky, but they're crucial. how did the book impact your views?
In my entrepreneurial family, we were raised talking about money management and finance from the time we were young. My daughter, at age eight, already understood what "mortgage" and "clear title" meant. I was shocked when a family psychologist reacted with shock towards me that I would discuss money with my young daughter. Personally I find it strange how talking about money and how it works seems to be a more loaded and feared topic than sex. No wonder we are seeing a rise in socialism and communism among the so called "woke" youth who don't seem to have a problem with gender dysmorphia and sex change operations in youth.
Arianna Huffington, mellody Hobson's approach to financial literacy is indeed commendable. Addressing money matters early on can significantly impact children's understanding and management of finances later in life.
Love this! A children’s book that adults can learn from too? That’s genius. Why is it that the simplest lessons are often the ones we avoid the most? Curious—what's one money lesson you wish you’d learned earlier? 💭💰
Big concepts are frequently presented in children's books, in an approachable way that makes them simple to comprehend and consider!
That book sounds like a valuable resource. Financial literacy is crucial for children and adults alike. How has it impacted your views on discussing money with younger generations?
Arianna Huffington, that's dope. Teaching kids about money early is crucial. Financial literacy could really reshape their futures, huh?
Strategist & Fractional CMO
4hI believe these conversations about money are being had, they just sounds like - “sorry you can’t go with your friends to the event because we can’t afford that this month” “sorry we can’t get that, what we have will have to be enough” “we can’t get you new supplies for school or new shoes or give you lunch, you will have to go without or borrow from your friends” “we have to wait to do that because we can’t afford it” “there aren’t as many presents under our tree because we can’t afford them” “the roof over your head is the gift” Unfortunately these are not a mindset issue.