An article written by Dr. Michele and featured on KevinMD.com.
As physicians, we have been taught to value education. And many of us have pursued academic excellence starting from a young age. However, one aspect of education we are not taught traditionally in school: financial education. Personally, it was not until I was in my mid to late 30s that I began my journey of understanding money management and the concept of making investments.
Financial literacy is essential, and while it’s important for adults to have this life skill, I believe it’s even more important for kids to learn these concepts early on. As a parent to young kids, I believe introducing good financial habits is critical and should start early. It is never too early to introduce basic financial concepts, and we have the unique responsibility to help our kids make smart financial decisions in the future.