The Surprising Way to Teach Your Kids to be Smart with Money | Ellen Rogin | TEDxSevenMileBeach

Focusing on allowance and financial concepts to teach kids to be smart with money is a great start. But, If this is all we focus on, we miss the opportunity to ensure our kids grow into prosperous adults. Listen to this surprisingly simple system anyone can implement to nurture a child's prosperity right away.

Ellen Rogin, CPA, CFP® is an expert on living a life of success and prosperity.
As the founder of a wealth management firm, Ellen combines her credentialed expertise with an inspired, conscious approach to money. Chockfull of “left brain” credentials, MBA, CPA, and Certified Financial PlannerTM, Ellen also walks on the “right” side, balancing values, big picture ideas, meditation and humor with all her professional training. She is as comfortable talking about the power of compound interest as she is talking about the power of belief.
In their latest book, “Picture Your Prosperity: Smart Money Moves to Turn Your Vision into Reality,” Ellen and her co-author illustrate how a positive outlook accompanied by the right financial tools will help you have the resources to create the life you’ve imagined.
Ellen is also founder of the Abundance Activist® movement whose mission it is to help the world think and act more prosperously.

[youngmoneymasters]

I have taught my kids to manage money since they were one year old. I've taught them how to earn money by being entrepreneurs, manage the money they make by dividing it into 5 accounts that have very specific purposes. They now give 10% of their own money, buy their own toys and entertainment and they buy all the food for their pets. My kids are now 11, 9 and 1. I am so glad I started them off young by empowering them with a financial education. We explore financial principles together every week. The more we do it, the better they get at asking the right questions to advance their financial education. Having the right mentality about money is key, but the proof is in the pudding so having children actually get their hands on money and interact with it is where the rubber meets the road. Gratitude is the antidote to entitlement and we have made it a daily practice in our home by keeping a gratitude journal and also by sharing our gratitude on social media.

[JustFrugalMe]

Instilling good money habits in your children is arguably one of life’s most important lessons. With the right approach, your child will learn valuable financial habits. I only wish that someone had told me as a child the true ways of money.

[JustFrugalMe]

There’s an old Chinese Proverb that says “If you give a man a fish he will eat for a day, but if you will teach a man how to fish, he will eat for a lifetime”.

[jasminesamara]

Even though I wasn't raised knowing any of this I wish I was but I'm trying to. I really want my children to grow knowing all of this .

[ElizabethLombardo]

Thank you, Ellen, for such a wonderful talk. Such great info for parents- and really anyone!

[dontblinkinc]

This is GREAT!!! So important to teach our kids about money early on!

[josephdennyy]

Thanks for all the detailed information you have provided in this video. I like your way of explaining every point. Keep sharing such great videos in the future also.

[FreedomSprout]

I like the concepts here on teaching kids to have a vision and to dream, but also the practical side of the costs and how to get there.

[catllionare]

Thank you Ellen, your presentation was great 👍 ! Thank you immensely.

[anastasiassharings]

Technologies are changing quickly, new jobs are being created all the time and schools just struggle to keep up... in 2023 everyone should learn personal finance and teach our kids!

[paperrich]

My dad "forced" me to watch this...but I like Ellen said it is not fair just to give like for kids, now we are doing youtube vid to learn basics but I will be paid by one stock that my dad will buy for me on birthday...

[haroonimdad]

This is what i believe, the more you give, the more your money raises.

[josephinebardot]

Thanks for sharing such great information. It is really helpful to me. I always search to watch the quality content and finally I found your post on this YouTube channel. Keep it up, keep posting!

[maureenoconnell]

Its really important to realize the worth of money from an early age.

[lapurdy]

Sounds more like a philosophical slant than a talk on being smart with money.  I'd like to teach my kids healthy attitudes about money that will give them plenty before focusing on how much they have and giving.  This seems to put the cart before the horse - you need to first acquire the skills to earn and hold on to money before you can focus on taking pleasure in your security and the happiness from giving.

[luisaatamosa]

Thats goog. To teach kids eraly anout maney

[eraconline]

Thanks for the talk, that's so true for everything in life actually, we are endoctrinated by our familly and surroudings at a yong age to perceive the different aspect of our society and behavior in a particular way. In my opinion, the first think you should tell them is that money is a socialtal choice and not mendatory to life on earth, a social contract to ( porely) embed 'value' on a human-invented unit of measure. Then you should teach them about how money came about and the modern banking system, and all the financial system that determines what social contract you have to abide to in order to use that human-invented unit of measure. Then, make sure they don't measure their success or pose judgement on others based on how much money they have but on who they are the impact they are hoping to have on the world.

[lapurdy]

Association does not mean causality (re: your conclusion from the study, that giving makes you monetarily wealthier).  In fact, there is a floor effect that limits ones ability to give, by how much they earn.

[HumbledByGreatness]

"In order to get money we must give money." Sounds like a dreamer.

[sharmi]

Can you help me
I wont give my daughter good teach plz mam