"Is money important?" was one of the questions we asked the students between the ages of 8 to 16 years old in a private school in Malaysia. Out of 200 students, almost half raised their hands in agreement that money is not important.
Remember, these are students from a private school. The parents definitely need to pay for their education. So how come they think that money is not important?
Because money is not a subject of discussion at home and at school.
So the big question is, when are these students going to learn about the value of money? When are they going to learn about managing money and being a smart consumer?
We strongly believe that the earlier they learn the better. Look at our society. Youngster are getting in credit cards debts and they are stuck in it.
Anyway, after spending about three hours talking to the students, we saw that their thinking started to change.
We emphasized that money is important but what is even more important is what we do with the money. Money is not the end in itself, money is just a tool!