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story
O
ld habits die hard. And when
it comes to money, what we
learn about it in childhood
has a deep bearing on our
relationship with it in our
adult life. Most parents
today unflinchingly expose
their children to the power of spending, but
keep other important aspects like earning and
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Outlook Money May 2018 www.outlookmoney.com
saving for adulthood. This creates an unrealistic
impression in the minds of young children, who
believe that money is something that magically
comes out of ATMs.
Financially savvy parents tend to teach
their children important aspects of money –
including earning and saving from an early
age – using innovative techniques. For instance,
renowned financial advisor Gaurav Mashruwala