The Biggest Mistake Parents Make in Teaching Their Kids About Money

In this Motley Fool Answers video segment, Alison Southwick and Robert Brokamp are joined by personal finance guru, journalist, and author Beth Kobliner, whose most recent best-seller is Make Your Kid A Money Genius (Even If You're Not): A Parents' Guide for Kids 3 to 23. It offers a raft of straightforward advice for teaching your children the skills and habits that will lead them to lifelong financial stability. And many of us could use the help, because it's easy to ignore the important parts -- or send the wrong message. And in one particular way, says Kobliner, we may be doing that a lot with the best of intentions -- through little white lies.

A full transcript follows the video.

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Source: Fool.com