You have to teach children about money intentionally - create teachable moments.
Interpretation
Teaching children about money requires deliberate effort and creating opportunities to learn.
Dave Ramsey emphasizes the importance of intentionally educating children about financial matters. By creating teachable moments, parents and educators can instill essential money management skills in children, preparing them for a responsible financial future. This approach encourages proactive involvement in teaching rather than leaving financial understanding to chance.
In practice
During a financial literacy workshop, this quote can highlight the importance of targeted teaching in children's money education.
Debt is so ingrained into our culture that most Americans can't even envision a car without a payment ... a house without a mortgage ... a student without a loan ... and credit without a card. We've been sold debt with such repetition and with such fervor that most folks can't conceive of what it would be like to have NO payments.
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
Debt collectors like to play on your emotions because they think you'll give in and do something you can't really afford to do. Most of them don't care about you or your situation as long as they get some money.
Hitting bottom and hitting it hard was the worst thing that ever happened to me and the best thing that ever happened to me.
Your priorities, passions, goals, and fears are shown clearly in the flow of your money.
As parents, we teach our kids about things we feel competent in. That's why so many parents don't teach their kids about money.
With better vision, we sacrifice for students for whom that sacrifice will most likely pay off. I'm sorry to say this, but there are times when even superhuman effort will not save a child from his environment or himself. It's not the job of the teacher to save a child's soul; it is the teachers' job to provide an opportunity for the child to save his own soul.
The reason why so few good books are written is that so few people who can write know anything.
Children have always brought a tremendous amount of joy to me and I feel that if you can catch them at a young age you can really change a life. There are a lot of studies that show that one act of kindness to these children has a 40% chance of making that child have a completely different outcome in their life. What you hope is that you can get a kid to believe in something and to believe in themselves.
The only important thing in a book is the meaning that it has for you.
All I hope, selfishly, is that there will be real books until the day I draw my last breath.
At a young age winning is not the most important thing... the important thing is to develop creative and skilled players with good confidence.
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