This is one of several upcoming articles focused on financial-literacy tips and activities for parents inspired by the new Entrepreneur Kids book series. The first title in the series, Entrepreneur Kids: All About Money, is available for purchase now via Amazon | Barnes & Noble | IndieBound | Bookshop | Entrepreneur Press.
When my wife and I were raising our children, it was an easier time. We could have the kids go out and sell lemonade on the corner. They delighted in hearing the jingle of the coins in their pockets and then spending the cash on candy (or whatever) at the store. Times have changed. It's important not to fumble the financial teaching of our kids today.
Parents: You have to do this financial-readiness teaching for your child; no one else will. Fortunately, there is some time-tested guidance and tools to help you adapt to our changing world.