Raising Money-Savvy Kids: Tips from Mommy Millionaire Cayla Craft
I want my children to understand that the more you know and the more that you apply the knowledge that you have, the more money you're going to make.
Ever thought about how to give your kids a head start in understanding money? In this episode of 'Mommy Millionaire', Cayla Craft, known as the Rich Mom and Millionaire Mentor Investor, shares her top tips for teaching children about money. Cayla believes that fostering a positive mindset towards money early on is crucial. Whether you have kids of your own or are part of a community helping to raise children, these insights are invaluable.
Cayla's approach is all about instilling a wealth mindset. She encourages her kids to see money as abundant and to look for opportunities everywhere—even finding spare change on the street. She also introduces them to real estate investing concepts, making them summarize what they've learned in simple terms. This hands-on learning helps demystify money and investing for young minds. But it's not just about making money; Cayla emphasizes the importance of generosity.
She teaches her kids that giving and being generous can bring blessings in unexpected ways. For instance, she explains the concept of tipping at restaurants to her son, Channing, highlighting how small acts of kindness can make a big difference. Cayla also brings a spiritual angle into her teachings. She encourages parents to guide their kids to live with an eternity-minded perspective, consulting with God on their decisions.
This holistic approach aims to create not just financially savvy kids but also compassionate and thoughtful individuals. So if you're looking to equip the young ones in your life with financial wisdom and a generous spirit, this episode is a must-listen. Tune in to 'Mommy Millionaire' and discover practical ways to set children on the path to financial freedom.