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The Money Talk?

Did your family give you the "money talk" when you were a kid?

The fact is, most families do not sit down with their children and talk about money—how it’s earned, spent, invested or used. But that doesn’t mean that money lessons aren’t learned anyway. Our kids absorb through listening and observation. They know relative to their peers whether they have more (or fewer) toys and clothes, go on more vacations or have a bigger (or smaller) home. They form opinions, even without any formal discussion.

As the emerging professional said those words while talking about her money memories, I watched the look on her father’s face. He tried to hide his embarrassment, thinking that somehow he had failed his daughter. His fears were somewhat allayed hearing her talk about her strong money values and focus on building a goals-oriented financial life.

Money education is not necessarily the “sit at the kitchen table and let me tell you about money” formal lessons. It also comes in the form of watching, listening and gathering information. While the outcomes can be positive and strong, as it was in this case, it can be just as easily be destructive.

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