For the past 25 years I have been teaching people how and why to teach their kids about money. And yet, many still struggle with how to teach their kids about their money choices. I think I know why.
Most of the adults I work with, and listen to, are genuinely wonderful parents. They LOVE their kids. They want to give their kids everything they did not have. And therein lies the problem. The “giving” is more about the parents than it is about their kids. This genuine desire to “give” everything their kids want or need is actually filling a hole parents fell in to when they were kids. Adults don’t want their kids to suffer or struggle as they did growing up. So, now that parents or guardians have the means to “give”, they want to do so. And I totally get that.
