Financial Planning or Life Planning? Shouldn’t they go together?

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Why isn’t financial planning part of our educational core curriculum?  I remember my children carrying an egg around in high school to try and teach the fragility of caring for a child.  Because my kids were in a Catholic high school, they were taught the basic tenets of our faith.  They were taught English, math and history but they were never really taught about money.

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Financial Planning or Life Planning?

Our schools teach life planning:

  • Planned parenthood
  • Safe Sex
  • Alternative lifestyles
  • Diversity

These are but to name a few life considerations that are being including in curriculum along with “The Three R’s”.

Without good finances, the rest of life becomes quite a challenge.  For example, it’s rather difficult to take someone on a date when you don’t have money for a movie much less cash for dinner.  Let’s see if we can put that into perspective.  We are taught safe sex but we aren’t taught how to find the funds for a date?

Shouldn’t They Go Together?

When we are teaching our children the basics of life, we introduce them to advisor for many different aspects of life:

  • Doctors
  • Lawyers
  • Mechanics
  • Business coaches

and yet, how many actually make a point of introducing money concepts to their youth?  When is the right time to talk to your kids about money?

It’s interesting that CP24 recently wrote an article about the sudden epiphany that we should be teaching financial responsibility in our schools.  The question is, is there a public will to put something in place?

Financial planning should be part of life planning.  Introduce your children to your financial advisor as early as possible so that they see him or her in the same light as going to the doctor or taking the car to the mechanic.  Like some things on your car, some financials should be overseen by a professional.

What are you teaching your children?

Make it a great day!

Barry

What am I thankful for today?  I’m thankful for my time in the finance industry.  I’m thankful for opportunities to improve my income.  I’m even more thankful for the opportunity to help others increase their potential for income.

What are you thankful for today?

 

 

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