The quote suggests that if parents do not allow their children to make financial decisions from a young age, including mistakes, those same kids will likely end up making poor choices with money once they reach college and are more independent. By withholding the opportunity for children to practice managing finances responsibly at home, parents run the risk of their offspring entering adulthood without essential financial skills.
At its core, this statement underscores the importance of experiential learning in shaping a child's future behavior. When children are given the chance to make decisions about money early on, even if those choices are not always wise or prudent, they gain invaluable experience and learn from their mistakes under parental guidance. This process helps them develop financial literacy and responsibility, making it less likely that they will squander resources once they have more independence later in life. Essentially, the quote advocates for a hands-on approach to teaching children about money management through real-world experiences rather than just theoretical knowledge.
John W. Gardner, an American author and public administrator, is renowned for his insightful comments on leadership and education. His work often emphasizes the importance of experiential learning and personal responsibility in shaping individuals' futures. Through his writings and speeches, he has influenced many discussions about how to raise responsible and capable young adults.
