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MyMoney Online

Schools don’t teach personal finance - how to raise a future millionaire

18 November 2019 8:38 AM
Personal finance expert Warren Ingram (Galileo Capital) on how to raise financially free children.

It’s never too early to teach your kids about money, says personal finance expert Warren Ingram.

Schools won't do it - it’s up to you!

Through your words and - far more importantly – your actions you’ll play an important part in cultivating their money habits.

The Money Show's Bruce Whitfield interviewed Ingram for this weekly personal finance feature, asking him for advice on raising financially free children.

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

Warren Ingram, Personal Financial Advisor - Galileo Capital

You can’t outsource the teaching of money skills… 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, Personal Financial Advisor - Galileo Capital

Give your younger children pocket money each week… Allow them to get extra money by doing chores… Teach your children about the different kinds of debt and the real cost thereof.

Warren Ingram, Personal Financial Advisor - Galileo Capital

For more detail, listen to the interview in the audio below.

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18 November 2019 8:38 AM

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