Generational Wealth: free beginner lessons
Generational Wealth is a FinCon topic with 4 short lessons. Build wealth that lasts beyond your lifetime. Each lesson takes about five minutes and ends with a quiz.
What will I learn in Generational Wealth?
You will work through: Teaching Kids About Money, Estate Planning Basics, Building a Legacy, Family Money Conversations.
What is in each Generational Wealth lesson?
Teaching Kids About Money
Children form money habits by age 7. 📊 What kids absorb: • How parents talk about money (stress vs confidence) • Whether money is taboo or discussed openly • Spending vs saving behaviors they observe You don't need to be wealthy to teach financial literacy. You just need to be intentional.
Teaching money at every stage: 👶 Ages 3-5: Coins, saving jars, "things cost money" 🧒 Ages 6-10: Allowance, saving goals, needs vs wants 👦 Ages 11-14: Bank accounts, budgeting, compound interest 🧑 Ages 15-18: First job, investing basics, credit cards Make it hands-on! Theory doesn't stick. Experience does.
By what age do children form their core money habits? Research shows money habits form by age 7. Early conversations about money—even simple ones—shape lifelong behaviors.
A powerful tool for young kids: 🏦 Save jar: For bigger goals 💰 Spend jar: For fun purchases ❤️ Give jar: For helping others Every dollar they receive gets split. This teaches: • Delayed gratification • Intentional spending • Generosity Simple, visual, and incredibly effective.