K. Michelle is starting off the year right by teaching her son the importance of investing in land. This week, the singer took her son, Chase Bowman, to a bank to open up his first bank account.
“Starting off my new year opening up Chase’s bank account and buying him land. LAND is what our ancestors fought for we have to buy more land and less chains and [stuff]. He is the only thing I’ve worked hard for is HIM and my family. The perfect way to start 2019,” K. Michelle shared on her Instagram page.
Kobliner, author of the New York Times bestseller Get a Financial Life, and a member of the President’s Advisory Council on Financial Capability, says that it is important that parents like K. Michelle teach their kids financial literacy from an early age.
“The sooner parents start taking advantage of everyday teachable money moments (for example, give a six-year-old $2 and let her choose which fruit to buy), the better off our kids will be. Parents are the number one influence on their children’s financial behaviors, so it’s up to us to raise a generation of mindful consumers, investors, savers, and givers,” she says.
Kudos to K. Michelle for shaping her son’s future!