
How to teach your kids about property and ownership.
You might believe that your kids are too young to discuss money, investments, property and ownership, but actually they are not.
They are, however, in a stage where they are absorbing everything.
You have the chance now! While you have their attention, bring up money in conversation.
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Kaya Biz with Gugulethu Mfuphi spoke to Cacisa Mgudlwa, a Property Expert on ways you can start now to teach your kids about property and ownership.
LISTEN TO THE FULL CONVERSATION HERE:
Mgudlwa spoke about how giving your child the resources they require to build a solid understanding of personal finance is the first step for parents in assisting their children thrive when it come to money.
“It is important to understand, when you start and how you start. If you have kids, it is very important to teach them how to save, it is equally important to teach them how to investment. You need to teach them financial literacy, and why it is important to use the savings that you have, in order to build wealth from a very young age.” says Mgudlwa,
She shared how this is important as it makes them feel confident that they have the knowledge necessary to make wise financial decisions thanks to this basic level of financial literacy.
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