7 Things The Rich Teach Their Kids That The Poor Don’t

Financial success may or may not be within your realm of possibilities and it’s because of one important factor: your upbringing. Most of the things that you know and believe are because of what your parents, friends, and your neighbors taught you when you were little. What you know about money is usually a result of what you see your parents do or what they taught you about money and if you didn’t grow up with financially savvy parents then here are seven things you need to know!

Number 1: The Value of A Dollar

One of the most uncomfortable conversations in a poor family is any conversation that has to do with money. If you grew up in such a home, you can tell the unease that sets in any time a topic that has to do with money is brought up. That is not the case in a rich family. They are usually more open to talk about money and share their views. One of the things that the rich teach their kids that the poor do not is the value of a dollar.

What does the value of a dollar mean? Are we talking about the current exchange rate of a dollar to another currency or what? The value of a dollar is teaching kids how to earn, manage, and appreciate the value of money at a very early age. This will help them build the foundation that they need to have sound financial knowledge. Teaching…