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


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Economic researcher slams anti-poor VAT hike

Economic researcher slams anti-poor VAT hike

The Money Show’s Bruce Whitfield interviews Wits economic researcher Gilad Isaacs.

How to capitalise on an environment that has suddenly turned for the better

How to capitalise on an environment that has suddenly turned for the better

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

How to plan financially, considering you’re poorer after Gigaba's hectic Budget

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

How to avoid losing your money when you divorce your spouse

How to avoid losing your money when you divorce your spouse

Divorce destroys wealth. But it doesn’t have to be this way, says financial advisor Warren Ingram.

How to save for your children’s tertiary education

How to save for your children’s tertiary education

#FeesMustFall, but don’t hold your breath. Take matters into your own hands to ensure a quality tertiary education for your child.

The pros and cons of private schooling

The pros and cons of private schooling

In this video Warren Ingram tells us how private schooling could potentially compromise the whole family.

Popular articles
[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

Members of Parliament object to Finance Minister Malusi Gigaba delivering budget 2018.

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.

Missing Cape Town couple's vehicle found north of Durban

Missing Cape Town couple's vehicle found north of Durban

Hawks spokesperson says the couple has not yet been located and their names will not be released as yet.