“So I get a WhatsApp message from my friend Sinkie who was listening to Lesedi FM and the presenter said that in the last hour of the show they would be talking about “teaching children about money.” “
Sinkie sent me a WhatsApp and said, “Please listen to Lesedi FM they will be discussing financial literacy for kids.” I said to Sinkie, “It will be great to hear a different point of view from the guest on the topic.” Deep down I wondered why I was not called to be the one to talk about this important topic I wrote about in my children’s book, “African Wealth Little Money Bird.”
I then ask my publicist to listen. Two minutes after I asked her, she calls me back. She says, “Mothupi, you gonna laugh.” I am like, why, and she says, “Motsweding FM called me, the person who will be on the show is you.”
Sinkie was not ready when I told him that I would be the one on Motsweding FM.
The presenter asked the listeners to send voice note saying whether their kids know how to manage money or not. Most of the voice notes were about parents saying, “My daughter loves asking for R2. That child knows money. For her, it’s R2 or nothing.”
This is what most people think financial literacy for children is…moreover, imagine such a world. A world where we think kids know a thing about money when all they know is naming coins and paper. Naming cash is not even the basics of financial literacy.
Someone may be saying, “So, Mothupi if naming money is not financial literacy for kids, what is it?”
1. Go to SARS and get a tax number for your child. Then open a tax free savings account.2. Then collect coins with your child, let the child count coins.
3. 50% of the money must go to investments, 40% to expenses, and 10% to charity – why is this important. It teaches the kids that not all that is collected or saved must be consumed. There is a terrible money habit of collecting or saving money only to squander it the end of the year. Remember your kids don’t take the lessons you tell them, they take those you act out. Monkey see monkey do. 40% then is used for the child’s consumption from school money to buying toys. When you do groceries your child must have money from their expenses Jar to be used to buy what they need at the supermarket – don’t just ask your child to take whatever they need and drop it in your grocery basket for you to pay. They have to learn the value of things…
4. If you call your kids in excitement month end telling, then you are going to eat out because you got paid. You are teaching them to be consumers. Someone will say, “oooh hell no…I worked hard for my money. Cant I enjoy my money with my kids in peace?” You may, but you are not teaching any money lesson. Imagine if you told your kids, “Guys I worked so hard and did so well…now let’s celebrate. Alternatively, after your daughter gets good results at school, you say, “we are going to celebrate your hard work by eating out.” Hard work becomes the lesson, not, “I got paid let’s go use the money.”
5. We must be ready to raise portfolio investment kids – my child will receive a birthday investment. Not big birthday parties that are not even for kids but alcohol consumption for adults. R7000 birthday investment that is invested in stocks, cryptos, and money market create a good investment portfolio for the child. By the time she is 21, she will have a portfolio to keep building as she will be reviewing her portfolio every month from 7years till 21. That is 14 of investment experience by the time she is 21. You can’t learn about money if you have none of it.
6. Today we have life covers – do you think it is such a smart idea leaving such a lot of money with children who know nothing about money. They will blow it. So teaching them from a young age must be an essential component of your legacy.
I don’t want to give out too much from my book. The truth is that the book was written in one day, from 6 am till 7 pm. It was not such a simple book to read since I had to think about ways to simplify the concepts for kids. The book is about a girl called Pesa. Who travels the African continent and she does she picks up money and business lessons.
Since publishing the book has been featured on Power FM, SA FM, Radio2000, Lesedi FM, Motsweding FM, Merafong FM, and Kofifi FM. We have also kickstarted our financial literacy for kids which is an after-school programme to teach kids about money and business. Next year this will be an NGO creating the curriculum and activities to teach financial literacy in schools.
Let’s connect:
Facebook: Mothupi Farming-Idol Kgopa
Twitter: unite4wealth
Instagram: africanwealthbooks
Website: www.mothupikgopa.com
I just want to say I am newbie to blogs and seriously savored this web blog. Likely I’m going to bookmark your blog . You definitely come with incredible posts. Bless you for revealing your web page.
I have figured out some considerations through your website post. One other point I would like to talk about is that there are various games out there designed in particular for toddler age youngsters. They consist of pattern identification, colors, family pets, and designs. These typically focus on familiarization as opposed to memorization. This will keep little kids occupied without sensing like they are studying. Thanks
My friend first found your blog on Google and she referred your blog to me.”`;,-
I discovered your blog web site on google and test a few of your early posts. Continue to keep up the very good operate. I just further up your RSS feed to my MSN Information Reader. Searching for forward to reading extra from you afterward!…
Howdy! This article couldn’t be written any better! Reading through this post reminds me of my previous roommate! He continually kept preaching about this. I’ll send this article to him. Fairly certain he will have a good read. Many thanks for sharing!
The next time I read a blog, Hopefully it doesn’t fail me just as much as this one. I mean, I know it was my choice to read, nonetheless I genuinely believed you would have something helpful to say. All I hear is a bunch of whining about something you could fix if you were not too busy searching for attention.
Pretty! This was an incredibly wonderful post. Thanks for providing this information.
Hello there! This blog post couldn’t be written any better! Reading through this article reminds me of my previous roommate! He always kept preaching about this. I will send this information to him. Fairly certain he’ll have a great read. Thank you for sharing!
Spot on with this write-up, I actually believe that this amazing site needs much more attention. I’ll probably be returning to see more, thanks for the advice.
Thanks for expressing your ideas. I might also like to express that video games have been ever evolving. Better technology and enhancements have aided create authentic and enjoyable games. Most of these entertainment video games were not really sensible when the real concept was first being tried out. Just like other areas of electronics, video games too have had to progress via many generations. This itself is testimony for the fast growth and development of video games.
Hi there! I just want to give you a huge thumbs up for your great information you’ve got right here on this post. I will be returning to your website for more soon.
I have to thank you for the efforts you have put in penning this site. I’m hoping to see the same high-grade blog posts from you in the future as well. In truth, your creative writing abilities has inspired me to get my very own site now 😉
Hello, I do think your web site could be having web browser compatibility problems. Whenever I take a look at your website in Safari, it looks fine however, when opening in I.E., it’s got some overlapping issues. I simply wanted to provide you with a quick heads up! Aside from that, excellent site.
Right here is the right website for anybody who would like to understand this topic. You realize a whole lot its almost hard to argue with you (not that I really will need to…HaHa). You certainly put a new spin on a topic that’s been discussed for ages. Wonderful stuff, just wonderful.
This is the right webpage for everyone who wants to understand this topic. You know a whole lot its almost tough to argue with you (not that I personally will need to…HaHa). You definitely put a brand new spin on a topic which has been written about for ages. Excellent stuff, just wonderful.
A motivating discussion is worth comment. I think that you ought to write more about this subject matter, it might not be a taboo matter but typically folks don’t speak about these subjects. To the next! Many thanks.
MetroClick specializes in building completely interactive products like Photo Booth for rental or sale, Touch Screen Kiosks, Large Touch Screen Displays , Monitors, Digital Signages and experiences. With our own hardware production facility and in-house software development teams, we are able to achieve the highest level of customization and versatility for Photo Booths, Touch Screen Kiosks, Touch Screen Monitors and Digital Signage. Visit MetroClick in NYC at http://www.metroclick.com/ or , 121 Varick St, New York, NY 10013, +1 646-843-0888.
Hi! I just wish to give you a huge thumbs up for the great information you’ve got right here on this post. I’ll be coming back to your web site for more soon.
Creating unique web site content can be simpler than most people think.
Extraordinarily engaging resources that you have said, a big heads up for setting up.
I believe this web site holds some rattling fantastic information for everyone. “As we grow oldthe beauty steals inward.” by Ralph Waldo Emerson.
Merely wanna comment that you have a very decent site, I the pattern it actually stands out.
Thanks, I have just been looking for information about this subject for ages and yours is the best I’ve discovered so far. But, what in regards to the conclusion? Are you positive about the supply?
Oh my goodness! Awesome article dude! Thank you so much, However I am experiencing troubles with your RSS. I don’t understand why I am unable to subscribe to it. Is there anybody having similar RSS problems? Anyone that knows the solution will you kindly respond? Thanks!
Great blog you have got here.. It’s hard to find high-quality writing like yours nowadays. I really appreciate individuals like you! Take care!!
I got what you intend, thanks for posting .Woh I am thankful to find this website through google. “Delay is preferable to error.” by Thomas Jefferson.
Hello, Neat post. There’s a problem along with your web site in internet explorer, could test this… IE still is the marketplace leader and a large part of people will leave out your excellent writing because of this problem.
Thank you for this impressive report. I am refreshed following reading this. Thank you!
I’m excited to uncover this web site. I want to to thank you for ones time just for this wonderful read!! I definitely really liked every little bit of it and i also have you saved as a favorite to see new stuff in your blog.
This website really has all of the info I wanted about this subject and didn’t know who to ask.
Faytech North America is a touch screen Manufacturer of both monitors and pcs. They specialize in the design, development, manufacturing and marketing of Capacitive touch screen, Resistive touch screen, Industrial touch screen, IP65 touch screen, touchscreen monitors and integrated touchscreen PCs. Contact them at http://www.faytech.us, 121 Varick Street, New York, NY 10013, +1 646 205 3214.
Sapid Agency is a Search Engine Optimization company in New York City that provides SEO Services. Their proprietary SEO strategies help struggling websites and aspiring business owners to rank their websites higher in multiple search engines like Google , Yahoo and Bing. They provide local and gmb map ranking for businesses in NYC and many other local areas. Find more at https://www.sapidagency.com/ @ 145 E 57TH NEW YORK, NY 10022, USA, +1 971 341 5608 USA
May I just say what a relief to discover a person that really understands what they’re discussing on the web. You definitely realize how to bring a problem to light and make it important. A lot more people have to read this and understand this side of your story. It’s surprising you are not more popular since you surely possess the gift.
thanks for sharing
Just wanna comment that you have a very decent web site , I enjoy the design and style it actually stands out.
amazing
Hey, I followed a link to your blog and I like this post a whole lot. You make some great arguments. Where might I find out more?|
Fantastic site. Plenty of useful information here. I am sending it to a few buddies ans additionally sharing in delicious. And of course, thank you on your effort!
amazing
Hey There. I discovered your weblog the use of msn. That is an extremely well written article. I’ll make sure to bookmark it and return to learn more of your useful information. Thank you for the post. I’ll certainly return.|
visit my website https://www.wooricasinokorea.com/fxmargin FX마진
It really is mostly close to impossible to see well-educated people on this theme, in addition you come across as like you know which you’re covering! Regards
Do you have a spam problem on this website; I also am a blogger, and I was curious about your situation; we have developed some nice practices and we are looking to swap solutions with others, please shoot me an e-mail if interested.|
Hello this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding experience so I wanted to get advice from someone with experience. Any help would be enormously appreciated!|
Thanks for the auspicious writeup. It actually used to be a entertainment account it. Glance complicated to more added agreeable from you! However, how could we be in contact?|
Like!! I blog quite often and I genuinely thank you for your information. The article has truly peaked my interest.
Thank you ever so for you article post.
I like this website very much, Its a very nice office to read and incur information.
acrylic pouring recipe
I just want to say I am just very new to blogs and certainly liked you’re web site. Almost certainly I’m want to bookmark your blog post . You surely come with wonderful stories. Many thanks for sharing your web-site.
cbd for pain
Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!|
Superb post but I was wanting to know if you could write a litte more on this topic? I’d be very thankful if you could elaborate a little bit more. Thank you!|
Wonderful, what a blog it is! This webpage gives helpful data to us, keep it up.|
I’m curious to find out what blog platform you’re utilizing?
I’m having some small security issues with my latest blog and I would like to find something more safe.
Do you have any recommendations?
excellent points altogether, you simply won a new reader. What would you suggest about your submit that you simply made some days in the past? Any sure?|
Hello mates, its wonderful post on the topic of tutoringand
entirely explained, keep it up all the time. adreamoftrains
web hosting companies
Hi there, You’ve done an excellent job. I’ll certainly digg it and personally recommend to my friends. I’m confident they’ll be benefited from this website.|
I think that what you posted was very logical. But, consider this, suppose you were to create a killer title? I mean, I don’t want to tell you how to run your website, however what if you added a post title that makes people desire more? I mean BLOG_TITLE is kinda boring. You should glance at Yahoo’s front page and note how they create news headlines to grab people to click. You might add a video or a related pic or two to grab readers excited about what you’ve got to say. Just my opinion, it would make your website a little bit more interesting.|
For most recent news you have to pay a quick visit the web and on the web
I found this web page as a finest web page for latest updates.
Everything is very open with a precise clarification of the challenges. It was definitely informative. Your website is useful. Thank you for sharing!
If you would like to take a good deal from this post then you have to apply these strategies to your won web site.|
An intriguing discussion is definitely worth comment. I believe that you should publish more about this topic, it might not be a taboo matter but generally people don’t speak about these subjects. To the next! Cheers!
Excellent article! We will be linking to this great article on our website. Keep up the great writing.
Good post. I learn something totally new and challenging on blogs I stumbleupon every day. It’s always exciting to read through content from other writers and use a little something from their websites.
I’m impressed, I must say. Rarely do I encounter a blog that’s both equally educative and entertaining, and let me tell you, you’ve hit the nail on the head. The issue is something not enough men and women are speaking intelligently about. I’m very happy I stumbled across this during my hunt for something regarding this.
Good post. I am experiencing many of these issues as well..
Good post. I learn something totally new and challenging on blogs I stumbleupon every day. It will always be useful to read content from other writers and practice something from their sites.
I seriously love your blog.. Great colors & theme. Did you build this web site yourself? Please reply back as I’m looking to create my very own website and want to find out where you got this from or exactly what the theme is called. Thank you!
That is a very good tip especially to those fresh to the blogosphere. Simple but very precise information… Many thanks for sharing this one. A must read article!
They need to manage the updated technology to offer rigorous solution.
We also need the feel it and desire them truly, which is the sole method
the wishes figure out else they merely remain few words which were said but never meant anything.
Very good information. Lucky me I ran across your site by chance (stumbleupon).
I have saved it for later!
que es mejor la viagra o levitra what does a fake viagra pill look like mixing priligy and viagra
Wonderful blog! Do you have any hints for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed .. Any ideas? Appreciate it!|
my canadian pharmacy pharmacy rx one pharmacy rx
24 hour pharmacy near me longs drug store canada drug pharmacy
best drugstore liquid eyeliner sex ed corner drug store
india pharmacy erectile dysfunction pharmacy orlando
buy viagra online australia no prescription generic viagra where to buy 800 mg viagra buy viagra without a script viagra no prescrittion best prices generic viagra 100mg buy viagra australia online no prescription viagra cost in india cost of generic viagra cheap viagra fast shipping viagra online plus 2 free viagra viagra cheap viagra voucher do you need a prescription for viagra in south africa? 30 day viagra trial
to buy viagra with dapoxetine where to buy viagra in canada viagra with dapoxetine without prescription where can i buy generic viagra viagra levitra trial pack viagra uk online viagra with paypal buy generic viagra usa order viagra thru paypal account generisches viagra paypal viagra for sale in milwaukee wisconsin viagra free sample discount viagra best price viagra what works as well as viagra
viagra online by paypal viagra uk viagra online 365 cheap viagra on sale how much does viagra cost viagra paypal bezahlen vid shop viagra viagra pillsm purchasing viagra online for cheap belize viagra best place to buy viagra in sydney usa viagra 5 viagra pills sale viagra viagra buy canada