Drugs (opiates, heroin and their derivatives) are a huge problem in America today. (You can thank our presence in Afghanistan since 2003 for that. Sorry, that’s another topic for another time).
The latest iGadget also ranks among the most addictive distraction among today’s youth (let’s not forget how many adults are addicted as well).
But the worst problem facing our younger generation today is Financial Illiteracy.
Ask anyone under the age of thirty if they know how to balance their checkbook and they’ll look at you like, “What’s a checkbook?”
And if you don’t use your debit card, phone, or tablet to purchase anything then you are considered a dinosaur.
“Cash? What’s that? I can’t be bothered with carrying around cash. It’s soooo 20th century.”
Don’t get me wrong. I love the conveniences of technology.
But do you see how easy these “conveniences” make us lazy when it comes to understanding how money works.
If we don’t teach our kids how to use money the correct way, they’ll be slaves to whoever is in control of the money supply.
You’re not going to like what I say next but here’s the root of the problem:
Our kids are financially illiterate because WE HAVEN’T TAUGHT THEM how to use it wisely.
Ouch!
Do you think they’re going to learn it in school?
So, what should you do?
Glad you asked.
Our bonus report Who’s Teaching Your Kids About Money?” is a great place to start.
And it will appear in next month’s issue of Simplifying Wall Street in Plain English
In it we teach simple to understand concepts about saving, investing, and managing money. (And it’s geared for kids from 5-25)
But you must be a premium subscriber to see it.
Get exclusive access (HERE).
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