How do you support your children to grow their financial literacy? The Real Credit Queen Angela is joined by her son Justin, an accomplished basketball athlete with a masters in business. They discuss financial literacy for young people and the importance of being business and financially savvy beyond the basics learned in school.
As successful as young athletes are in their sport, it's important to look beyond athletics for fulfillment and to diversify interests and efforts.
This episode covers
The importance of financial preparedness, including having savings for living expenses.
The negative perception of credit and the lack of financial literacy education in schools. It's important to use credit as a tool for building wealth, but it requires discipline and budgeting.
The influence of \"flex\" culture driven by social media and the lack of financial discipline and how to not overdo it financially.
The need to have a plan for the future including saving and and understanding credit and financial decisions.
With education, kids can be experts at disciplined, financial decision-making, and the impact these factors have on an individual's financial future when you take charge at a young age. It's never too early to grow your financial literacy!