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“Millionaire maker” and founder of ‘Live Out Loud’, Loral Langemeier, shares her money tips every parent needs to know.

Loral Langemeier's Tips - teach your kids about money

Simple earning plan for kids
-Let kids pick 10-15 tasks they can do
-Select the top five tasks
-Negotiate a value for each task
-They must complete the tasks as agreed
-Hold them accountable

How to teach kids about money
-Create a wealth account for each child
-Teach kids to save at any age
-Share positive financial information
-Set money days
-Encourage kids to give to charity