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.
Interpretation
Parents often share knowledge in areas where they feel confident, leading to gaps in essential life skills like financial education.
In this quote, Dave Ramsey highlights the tendency of parents to impart knowledge in subjects where they feel knowledgeable. This can create a significant omission in vital areas such as financial literacy, as many parents may not be well-versed in money management, thus missing the opportunity to teach their children important life skills.
In practice
In a parent-teacher meeting, a discussion on the importance of teaching kids about finances can include this quote.
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.
You have to teach children about money intentionally - create teachable moments.
Think! Think and wonder. Wonder and think. How much water can 55 elephants drink?
Our Creator expects His children everywhere to educate themselves.
Great books help you understand, and they help you feel understood.
John Hall, my geography teacher at school inspired me to a lifelong interest in geography and a curiosity about our world which has stayed with me through my life. Geography is a living, breathing subject, constantly adapting itself to change. It is dynamic and relevant. For me geography is a great adventure with a purpose.
The Negro race, like all races, is going to be saved by its exceptional men. The problem of education, then, among Negroes must first of all deal with the Talented Tenth; it is the problem of developing the Best of this race that they may guide the Mass away from the contamination and death of the Worst, in their own and other races.
Education is not preparation for life; education is life itself.
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