MyMoney Online, The Personal Finance series with Warren Ingram

How to raise a future millionaire

It’s never too early to teach your kids about money.

Through your words – and actions – you’ll play a vital role in the development of their financial habits.

Schools don’t teach personal finance – it’s up to you!

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital.

Ingram spoke about how to raise a future millionaire.

Scroll down for quotes from the audio below.

Teaching your children about the link between work and money is incredibly important.

Warren Ingram, Galileo Capital Financial Advisor

You can’t outsource the teaching of money skills.

Warren Ingram, Galileo Capital Financial Advisor

If your child listens to money conversations from, say, the age of 10 – by the time she’s 20 she’ll be an expert.

Warren Ingram, Galileo Capital Financial Advisor

Give your younger children pocket money each week.

Warren Ingram, Galileo Capital Financial Advisor

Give them the opportunity to get extra money by doing chores.

Warren Ingram, Galileo Capital Financial Advisor

Teach your children about the different kinds of debt and the real cost thereof.

Warren Ingram, Galileo Capital Financial Advisor

This article first appeared on 702 : How to raise a future millionaire


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