Practical Financial Literacy Program for Kids 11-18Y
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Course Duration: 15 classes | Gamified Learning | Gamified Learning | Built by Ivy League MBAs
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A lesson from the Marwari Community of India on why teaching kids about finance early is important
In the Marwari community of India, even when the family is financially very well-doing, Marwari households generally start teaching their children the importance of money at a young age. They encourage their children to begin saving as soon as they reach the age of early teens by telling personal anecdotes from their own lives or by giving them financial advice.
You’ll see most Marwari children already managing personal finances during college/pre-university time and taking positions of college financier, managing group finances, etc by doing ledger financing and being highly aware of money between the ages of 13-17 itself, which many normal people might not be aware of until their 30s too.
The point is – Teaching kids finance is never early. Obviously, we’re not running them through balance
sheets and accounting and making them go through exams.
What happens when kids learn about finance early?
When children/teenagers learn about finance early, they’re still not absorbing it completely. But with
this knowledge, they will start observing the increase of prices, absorbing the changes in the world
in interest rates and understand that money mechanics of the world. They’ll internalize that one
shouldn’t waste money on unnecessary stuff. This enables them to save their money early when
they start working and they’ll have a more secure financial future in their working lives compared to
A majority of the most famous Indian businessmen, billionaires, startup founders and stock market
gurus come from the Marwari community and that is not a coincidence. They have the good habits
of teaching finance and the importance of money very early in their community