Bangalore: The most tempting word in this world apart from ‘love’ is probably ‘money’. With a heavy wallet, everything in this world seems possible. Most people associate happiness with money and believe that they go hand-in-hand. However, an understanding of money usually starts when people start earning themselves. Kids remain unaware of its importance as long as their family supports them financially. But as soon as a kid gain identity and starts earning money, the reality hits hard and they realize that a few early lessons about money would have been helpful. Hence, here are some important financial lessons that parents can give their kids, reports Steve Siebold of Babble.com.

1. Financial status differ

Definition of happiness for every individual is different, so is their lifestyle. One lesson that kids must learn at an early age is that everyone does not enjoy the same financial status. Few are rich while others are not. This is the most practical outlook a kid could have, and accepting this truth would make him look through eyes of objective reality.

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