Raise your child's Financial IQ!

Services for Real Estate Pros with Legacy Investment Interests

Anyone who has read my profile knows that I am BIG on investing EDUCATION.  I own and operate an investor agency and offer the MOST COMPREHENSIVE and COMPELLING investing education in the COUNTRY...BAR NONE.  I spend a large portion of my day educating ADULTS on available CASH FLOW, ACQUISITION STRATEGIES, LEGAL STRATEGIES, TAX STRATEGIES, ETC., many of them trying to DIG themselves out of a financial hole or prevent themselves from falling into one.

The current market tells us that there is much to learn before one decides to invest in real estate.  There is a saying that "Ignorance on fire is better than knowlege on ice."....NOT SO IN REAL ESTATE INVESTING...just a 10% mistake can mean losing your shirt after one transaction gone bad...THUS THE CURRENT MARKET.

If financial literacy was taught as early as kindergarten, the current market could have been avoided.  Traditional schools  teach us the denomations of money, how to count money, how to add, subtract, multiply and divide money, how money moves the economy, how to calculate exchange rates...Higher education teaches how to MAKE MONEY through career trainng...but it does not teach us how to build our money or make it work for us....it DOES NOTHING to increase our financial literacy...it does not teach us HOW TO BUILD WEALTH.  

My 7 year old. 

I recently had an opportunity to be a part of Career Day for my son's 2nd grade class.  I stood in front of 20, 7 and 8 year olds and explained equity, cash flow, appreciation and the buy and hold strategy...their eyes were GLUED to the white board as I explained each and put practice scenarios on the board.   Not only that... they quickly grasped all concepts and were EXCITED to learn.

Robert Kiyosaki, author of Rich Dad Poor Dad tells us that ...How you MAKE your money is not as important as what you DO with the money that you make.  If our financial IQ's were raised as children and we were exposed to wealth building principals as children and the foundation of our dealings with money was taught and not learned from our parents...many of us would have a better financial outlook in the current market.

Raise your child's financial IQ...But be sure to raise yours first!

Comments (1)

June Piper-Brandon
Coldwell Banker Realty - Columbia, MD
Creating Generational Wealth Through Homeownership
DeWana, great post.  I did the same thing in my son's 3rd grade class.  Talked about investing in real estate, return on investment, appreciation, equity, leveraging equity, banking and so on.  It's really too bad that math doesn't teach our kids how to use it in every day situations, like saving.  Although we have a banking program at our school where Bradford Bank comes to school at lunch time every other week to teach the kids about saving money.  I don't know if they do it in other counties or not.
Apr 14, 2008 07:41 AM