If children can understand what money can and cannot do, then they will be able to control it, rather than live life as if money controlled them.
Palos Verdes Peninsula, CA (PRWEB) September 14, 2010
The recent passage of financial reforms attempts to cover numerous shortcomings in our existing financial environment. In such a complicated economy, it is more important than ever to provide children with a foundation of good financial skill set.
Inspired by his wish to prepare his two young sons to be “good financial citizens,” California State University-Dominguez Hills professor of finance Dr. Prakash Dheeriya authored Finance for Kidz, a 20-volume series of books that teaches children about basic financial concepts such as wants, needs, inflation, deflation, money management, identity theft, personal finance and planning for the future.
Finance For Kidz is designed as an educational tool as well as an enjoyable read at home for parents and their children. “We teach our kids to be careful about all sorts of dangerous things, such as when crossing the street, or washing hands before eating,” said Dr. Dheeriya. “We spend a lot of time on their physical health, but rarely do we teach them anything about their financial health.”
Written in storybook form for elementary age school children, the series explains key financial concepts through children’s day-to-day experiences and in a jargon-free language. Dheeriya says the main thing children need to learn about personal finance is that “money is just a tool.”
“If they understand what it can and cannot do, then they will be able to control it, rather than live life as if money controlled them,” he says.
Dheeriya, a frequent speaker at conferences, chambers of commerce and rotary clubs, has taught finance and investments for more than 20 years. He lives near Los Angeles with his wife and children.
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