Chapter one's action step for parent was turn your house into a place of active learning. Robert suggest you create a WEN, a "Wealth Education Night". Set one night a week or one night a month to be a night to actively learn about money. Make it a family ritual and make it fun.
Our children are slowly learning about money, whether we are involved or not. In fact, this morning my youngest snuggled with me for a little while. He was playing with the calculator on my phone. He showed me a large number he had entered on the calculator and said: "I'm going to save up this much money in my life."
Most parents would probably smile and be glad that their child is already thinking about saving money but I've educated myself into thinking differently. I got a sense of dread hearing those word coming from him. It is my belief that saving will not provide anyone with financial freedom, it won't even support retirement; even more so if you take inflation into account. So since saving for you future is not something we preach in my household how is it that this is what my child, at the age of six, sees this as his financial goal? It may be school, television, grandparents or neighbours. My point is there is information out there, if we do not take an active part of our children's financial education they will end up being slave to the system. Thinking their J.O.B. will provide them with security.