My sons turns 15 next week. I am thinking about sitting down wit him and opening the books on how we live. What money comes in, what money goes out and to what, the taxes involved, what we save, what’s going to retirement, etc.
I grew up where this was all hush hush. I never knew what my parents made until my late 20s and I’m self taught when it comes to budgeting, savings, and investing. I realized this was pretty bad early on and after reading rich dad, poor dad I feel like this is a vital conversation I need to have with him so he can have a solid foundation.
Just wondering what other people have done when they had this talk with their own kids. How much of their own finances did they show them. What did they really grasp and what did they need a lot of help understanding.
Thanks in advance
Submitted August 22, 2018 at 01:19PM by DouggieFressh https://ift.tt/2BBL47l
