Kareen MillsFounder & CEO, Friendsgiving Live® · Most Influential Filipina ’23 🏆 Founder of the World’s Largest Friendsgiving Festival for Women | Angel | Keynote | Sugar Mommy™ Media | Psalm 25:1 ✞

Don’t forget to hand the manual with the money Moms and Dads!!

20 May 2024 · 1 min

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This content was created by Kareen Mills. This content was uploaded by Kareen Mills. This is a YouTube video titled "Don’t forget to hand the manual with the money Moms and Dads!!" (created 2024-05-20T15:53:30Z). It contains a short monologue by a single speaker who argues that generational wealth depends on passing down financial literacy and practical money-management skills—advising parents to teach their children how to handle money rather than simply handing it to them ("teach them how to fish").

Chapters

Hey guys, what's up? Here's my message for you today. If generational wealth is about leaving your family and your next generation money, lottery winners would still have their money, but in average of 5 years, they lose it all. And here's why. It's because nobody taught them how to handle it. Generational wealth then becomes financial literacy, passing on the tools and the education to your next generation. Therefore, moms and dads, teach your kids how to fish. Don't hand the money over to them because you are robbing them, definitely robbing them from the ability to learn. Teach them.