Like respecting your elders or covering your mouth when you sneeze, understanding how money works is a skill best learned when young. Because no one wants to raise a kid who’s a jerk to grandma, sprays boogers all over strangers, or believes that money is fun paper with faces born from Daddy’s back pocket. A well-rounded member of society this does not make.
Jonathan DeYoe came from a family that “had no money” but his parents instilled in him the value of a dollar. Now a successful wealth management expert and the author of Mindful Money: Simple Practices for Reaching Your Financial Goals and Increasing Your Happiness Dividend, DeYoe has some tips for not only teaching children the hard work making money entails but also how to invest, save, and — most of all — understand it.