Shaz and Kieron discuss the importance of starting financial education at a young age and how it is often overlooked by society. They emphasise the need for parents to teach their children about finances, including concepts like saving, spending, giving, and investing. They also highlight the benefits of early financial literacy, such as making better financial choices, being more confident and competent with money, and developing a mindset of investing and saving. 

KEY TAKEAWAYS

• Starting financial education at a young age is crucial for children to make better financial choices as adults.
• Parents should set a good example by managing their own finances responsibly and involving children in financial activities and decision-making.
• Open conversations about money should be encouraged, creating a safe space for children to ask questions and learn about finances.
• Teaching the difference between needs and wants helps children develop financial discipline and make informed choices about spending and saving.

BEST MOMENTS

"Children who receive a financial education in the early years tend to make better financial choices when they become adults." 

"Money doesn't grow on trees. We're working to pay the bills." 

"If you invest right, you'll get a much better return."

"I think the key difference is financial discipline."

VALUABLE RESOURCES

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Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.