As parents and guardians, we want the best for our children socially, emotionally, spiritually, and financially. However, one of the major areas of parenting that is often the most neglected is in the area of teaching children and teens about financial literacy, and to save and invest money while in their youth. According to statistics, only 16.4% of U.S. high school students are required to take a personal finance course, and only about 30% of teens consider their own parents to be their financial role models. Shark Tank investor and co-owner of Beanstox, Mr. Kevin O’Leary makes it clear that he believes not preparing your children for their financial future is a great disservice.
In his recent interview with Moms.com, he shares some of the greatest lessons that his own mother taught him about money, the inspiration behind his new venture Beanstox, the advantages of prepare children and teens to invest while young, the dangers of raising children to be entitled, and so much more. Check out the insightful interview below. Continue reading the full interview on Moms.com.
Watch the full live discussion below.
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