Andrew Wang quoted in US News & World Report

5 Tips for Parents On How to Be Good Financial Role Models

Everyone views smart financial practices differently, and what's an effective strategy for one parent doesn't necessarily work for another. While there's no official rulebook, consider these five ways parents can become better financial role models:

1. Be open about your financial situation. Although children like sweets, you don't have to sugarcoat the truth about your family's financial standing. "Teach your kids about money from objective reality,” says Steve Siebold, author of “How Rich People Think.” “It's a nice thought to say everyone – regardless of financial status – has access to all the good things in life. It''s also naïve and untrue.”

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About the Author: Andrew Wang

Andrew Wang

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