Our approach to wealth management — Wealth Regeneration® — is about more than growing financial capital. It’s just as much about helping our clients develop the human capital within their families, especially as the children age and assume more responsibility. LNWM’s NextGen team is here to provide Wealth Regeneration training, workshops and information so the next generation gains the financial skills they’ll need to support their ambitions.
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Money personalities can vary widely within the same family. And each money personality comes with its good and bad attributes.
Teaching kids about money is much more effective if you take into account each child’s money personality. That way, money-related activities and talks (what we call “money messages”) can help to accentuate the positive and offset the negative.
To get started, take our Money Personality Quiz:
How do you raise responsible and resilient children ready to tackle life’s challenges? Tell the kids stories about your family as often as you can, advises psychology professor Marshall Duke, Ph.D.
A parent’s guide to raising money-wise kids. From ages 3 to 18, the conversations and activities that can instill financial literacy and wellbeing.
It’s never too early to start teaching your kids about money. Once you do, your kids will become empowered to use money as a medium for chasing passions, realizing dreams, and giving back to the community. To help you get started, we’ve put together a collection of some of our best financial literacy tips.
Teach kids about personal money management and investing so they can have a clear understanding of how it works, knowing the risk and reward trade-offs.
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