How to raise a future millionaire

MyMoney Online, The Personal Finance series with Warren Ingram

How to raise a future millionaire

12 November 2015 7:33 PM

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

Written by: Kabous le Roux

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