Maconomics founder and Yahoo Finance contributor Ross Mac joins Wealth! to give insight into the best ways parents can teach financial literacy to their...
and pass the skill down to future generations. Financial literacy is becoming increasingly imperative for building and maintaining wealth as Millennials are set to"I love talking to them, saying how much groceries actually cost, and let's talk about allowance.
I think it's very important that we as a community understand that financial literacy is its own language. And so when we're talking about finance, the good thing is if you're showing them good money practices, well, guess what they're gonna now inherit that as well.And so I love talking to my kids about, you know, the economy around us.
So when we're talking a as SB for bank E economy, a FICO score, not only are we gonna say what it is, we're gonna have amazing illustrations, but we're also gonna say what a FICO score is in a language that the kids can understand.E for economy, the way people in this, in a place make and spend money like buying toys or selling lemonade.
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