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The Best Way To Teach Kids About Money

The Wall Street Journal (New York, New York) , July 16, 2006

Summary:

If you want to teach your children about money, forget the lectures -- and focus on telling stories.

The goal: to pass along your financial values by relaying family stories that illustrate the money lessons you think are most important.

Does this really work? It sure has in my family.

I have two older brothers and a younger sister. My brothers run a landscaping business together. My sister is a nurse. In many ways, we're quite different. Yet we share a common trait: We are all incredibly careful about money. And we grew up hearing about the financial missteps of my maternal grandfather.

Subjects Covered: business, education


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