You have to teach children about money intentionally - create teachable moments.
Interpretation
Teaching children about money requires deliberate effort and creating opportunities to learn.
Dave Ramsey emphasizes the importance of intentionally educating children about financial matters. By creating teachable moments, parents and educators can instill essential money management skills in children, preparing them for a responsible financial future. This approach encourages proactive involvement in teaching rather than leaving financial understanding to chance.
In practice
During a financial literacy workshop, this quote can highlight the importance of targeted teaching in children's money education.
Debt is so ingrained into our culture that most Americans can't even envision a car without a payment ... a house without a mortgage ... a student without a loan ... and credit without a card. We've been sold debt with such repetition and with such fervor that most folks can't conceive of what it would be like to have NO payments.
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
Debt collectors like to play on your emotions because they think you'll give in and do something you can't really afford to do. Most of them don't care about you or your situation as long as they get some money.
Hitting bottom and hitting it hard was the worst thing that ever happened to me and the best thing that ever happened to me.
Your priorities, passions, goals, and fears are shown clearly in the flow of your money.
As parents, we teach our kids about things we feel competent in. That's why so many parents don't teach their kids about money.
The biggest thing we get out of it is seeing the kids smile. And hopefully we will also see that the lessons we're teaching - not only the fundamentals of hockey, but also the life values - are sinking in.
I got a scholarship to Seattle University and I was writing arrangements for singers and everybody. But the music course was too dry and I really wanted to get away from home.
Here was one place where I could find out who I was and what I was going to become. And that was the public library.
Teaching literature is teaching how to read. How to notice things in a text that a speed-reading culture is trained to disregard, overcome, edit out, or explain away; how to read what the language is doing, not guess what the author was thinking; how to take evidence from a page, not seek a reality to substitute for it.
What we seek to advance, what we seek to develop in all of our colleges and universities, are educated men and women who can bear the burdens of responsible citizenship, who can make judgments about life as it is, and as it must be, and encourage the people to make those decisions which can bring not only prosperity and security, but happiness to the people of the United Sates and those who depend upon it.
You should never read just for "enjoyment." Read to make yourself smarter! Less judgmental. More apt to understand your friends' insane behavior, or better yet, your own. Pick "hard books." Ones you have to concentrate on while reading. And for god's sake, don't let me ever hear you say, "I can't read fiction. I only have time for the truth." Fiction is the truth, fool! Ever hear of "literature"? That means fiction, too, stupid.
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