I don’t believe there is a “golden age” where a child starts to be “Money Smart”.

Now, no one is born “Money Smart”

Money Smart is taught.

And whose job is that?


In this modern society, family culture has changed immensely; dual income family, parent’s long-working hours culture, raised by grandparents or helpers have contributed to being less connectedness with “Money Smart”. Also, parents dread this topic when they have little knowledge to share with their children.

Many people made poor financial choices in their earlier years because of low financial literacy. Back in those days, parents relied on newspaper, radio and tittle-tattle for their only source of information. Information was not readily accessible online as compared to now. Children relied on parent’s traditional and conservative way of “Money Smart” – save the money in the Bank.

It was only 30 years ago (1990), first search engine, Archie was created and a year later, world wide web (WWW) was invented.

source: infogram.com

Rapidly climbing inflation hurts future generations – your child. According to HDB, a brand new 4-room flat costed $30,000 in 1970s, $140,000 in 1980s has tripled to $400,000 in a short span of 40 years. Back in 1990s, my kopi only cost $0.50, but now it increased to #1.20.

Source: HDB

Let’s face it, the price will hike further. Better appreciate my coffeeshop kopi at $1.20 now before it hikes to $2.40.



Start Early
Children should know money knowledge and spending habits as young as 5 years old (or when they start on ABC). Show them the power of “Make Your Money Work for You”; Earn, Save, Spend and Invest.

Ripple Effect
For many parents, we tried to be cognizant that we should impart financial education and habits to our children as early as possible. We want to teach our children about personal financial; money, savings, investing, but dread the idea because we don’t know how, where and when to start. But many whom we are raised by our traditional parents made the same mistake of encouraging our children to save and not take financial risks – the shortcut way.

Survey shows that only 30% of the parents who are financial stable said they have moderate financial literacy to teach their children.  The lack of investment knowledge in parents cripple the idea of teaching their children. They are also reluctant to talk about money and investments.

Raise strong and independent children.
The earlier you start, the better. We can better equip our children later in their life.  Personal finance classes are not required in school, so it’s important for parents to fill the gap. In order to fill the gap, parents have to first learn and acquire the proper and accurate financial knowledge.



>> Get a 2-hour Forex introductory session <<

JF LENNON is a world-renowned financial institute, with more than a decade of experience, achievement and expertise in finance. We are committed to providing world-class standard education to every man on the street. All people, irrespective of gender, age, race, ethnicity should have access to life-long learning opportunities that allows them to acquire financial knowledge and skill needed to make money works for them. 

Enjoyed this article because its both fun and informative? If so, you’ll want to sign up to our newsletters, so that you’ll won’t miss out on any articles. Also join us on our official Telegram channel if you use Telegram often!

Follow us on;

@jflennonfx  |   @JFLennon

Share This

Enjoying your stay?

Share this post with your friends!