Personal finance expert Dave Ramsey emphasizes the importance of teaching children financial responsibility from a young age. He shares his experiences with his own family, highlighting how instilling a strong work ethic and emphasizing self-determination are crucial for success in managing wealth.
It's never too late to teach your kids how to be financially responsible. In fact, the earlier, the better, according to personal finance expert Dave Ramsey . "It starts early," the Ramsey Solutions founder said during an interview on "Cavuto: Coast to Coast" on Wednesday. Ramsey spoke on a number of topics during the interview and drew from his own experiences with his family, when it comes to instilling financial responsibility in kids.
" He said his children are "self-determinant" and once a strong work ethic is achieved, "you've got someone of character that can carry the weight of wealth, because wealth is heavy, and you don't want to put it on someone that's weak because it'll destroy their life and turn them into a trust fund baby, and they'll have their own reality show." HOW TO BUILD A BLUEPRINT FOR YOUR CHILD’S FINANCIAL SUCCESS Pointing to the youngest generations.
Financial Responsibility Dave Ramsey Children Work Ethic Wealth Management
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