3 QUICK TIPS: Personal Finance Advice

Have you ever wondered why so many people are looking for personal finance advice?

I mean really think about this for a minute. We live in a wealthy country. The average person in America has a decent house to live in and a stable job. I am not saying it is perfect, but it is a lot better than some other places on earth I have visited.

If we are doing pretty well as a country than how can so many people need financial advice and assistance when it comes to money issues?

The answer is the public school system.

We simply do not teach our children about money. Unless you come from a family that has money already, no one is sharing any sound financial advice with you as you grow up and learn to be a functioning adult. I do not understand why this is not a major concern in America!

If you want to break the "cycle of stupid", it is up to you to to teach your children how to be good caretakers of money. This is the only way we are going to make a change for the better going forward.​

Below are 3 Quick Tips on Personal Finance Advice

• Educate yourself on the basic financial issues first
• Begin discussing/sharing ideas to learn more about money and it's impact on your life
• Start teaching children at 3-4 years of age

You must educate yourself first. Children are amazing copy cats of adult behavior. If they see you working on your budget, balancing a checkbook, or tallying up receipts, they will ask and inquire about it. Be prepared to share with them the basics of what you are doing. The only way to do this? Educate yourself first.

Next, you must discuss and share ideas with others. Adults need stimulation and conversation in order to remain focused on a goal or behavior. Find some people to discuss money with. Start with parents or spouses and ask questions. People like to share what they are doing in their lives.

Most importantly, start teaching your children at a young age. Between 3-4 years of age children start to see how you complete financial actions at the store. If all they see is a card being swiped, then they will not understand that money is already loaded on that card. Start sharing how the process works one step at a time.