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It is crucial for children to grasp the significance of money from a young age, encompassing lessons in financial planning and saving. While some parents rely solely on schools to impart financial knowledge, it is essential to establish this foundation at home to secure a stable future.
Early education on responsible money management can have a significant impact on children's financial habits. While many parents opt to give their children pocket money, an American millionaire is taking a unique approach to teaching financial literacy.
David Ciccarelli, who became a millionaire aged 30, has revealed how he teaches his kids about money and makes them work for their funds instead of splashing out cash when they want something.