5 Money Habits Every Latino Child Should Learn Early

6 Feb 2026 · 2 min

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1:41

In this concise financial‑advice video, Luis Baragas shares five practical money habits that parents—especially Latino families—should teach their children to avoid the financial struggles he experienced. He argues that many grew up merely surviving, not building wealth, and outlines actionable habits: (1) save before spending, establishing discipline and viewing money as a tool; (2) understand how money grows through bank accounts, interest, investing, dividends, and ownership; (3) develop income‑producing skills via trades, certifications, or entrepreneurship; (4) resist lifestyle pressure and the need to appear rich, focusing on genuine financial security; and (5) experience ownership early by letting kids earn, save, and make small financial mistakes while learning to own accounts, investments, or property. Baragas ends with a call‑to‑action to follow him for more real‑life money guidance and to join his "Finanzas con Corazón" community for deeper wealth‑building resources.

Chapters

Hey, I'm Luis Baragas and today we're going to talk about five money habits to teach your kids so they don't struggle like we did. Now, a lot of us grew up learning how to survive, but not how to build wealth. So if you want your kids to have an easier financial life than we did, here are the five money habits to teach them early. Teach them to save before they spend, not to save what's left over. Teach them to save first, even if it's a small amount. That habit builds discipline and shows them money is a tool, not just something to use up. Number two, teach them how money grows. Kids should learn about bank accounts and interest, investing, dividends, businesses, owning things that make money. Now if they only learn how to earn money, they'll never know how to grow it. They'll always be left behind. Number three, teach them skills at paying. College is great. Trades are great, Certifications are great, Entrepreneurship is great. But the goal isn't just a diploma or a certification. It's skills. Skills that create income and opportunity. Number four, Teach them to avoid lifestyle pressure. They don't need to impress their friends with things. Teach them that looking rich is not the same thing as being financially secure. Confidence should come from who they are, not what they're wearing or driving. And number five, teach them ownership early. Let them earn, let them save. Let them make small money mistakes while their stakes are low. But show them how to own a savings account, own investments one day, own a business or property. Ownership changes how a person sees the world. We can't change how we were raised, but we can change what our kids learn. And please follow me for more Real Life money guidance and go to the link in my bio and join our Finances con Corazon community page where you get more information on building wealth con Corazon.