Not every parent can boast of the ability to properly plan their expenses and save hard-earned money, and not just debts. What can we say about children, for whom money is something completely ephemeral and comes out of nowhere, especially when it comes to pocket change or a birthday present. Andrey Khovratov, a businessman, coach with many years of experience and the creator of the Private Investor Academy project, answers the burning questions of reasonable parenting and interaction of children with money.

Andrey Khovratov


The question is actually strange, given the fact that money is an integral part of our lives. Without them, a high-quality standard of living, effective education, and modern medical care are impossible… And it’s just impossible to meet your daily needs if your wallet is empty.

It turns out that money plays an important role in our lives. Often they are not enough, often-they flow through your fingers. The desire to protect their children from financial problems is natural, because the modern generation of adults has experienced many unpleasant moments: over the past two decades, we have experienced many crises, total unemployment, mass cuts, and you never know what else.

I am sure that the interaction of children with money simply cannot be completely excluded from life, but most parents choose the wrong path when solving this problem.


All our lives we deal with money, and our children learn how to handle it from us. But do we know how to do it right?

Think about it, the older generation was brought up in a country that simply doesn’t exist anymore. Then it was indecent to deal with financial issues. Then wealth was considered a vice, condemned by society. However, at that time, the state system itself did not allow a person to descend into complete poverty.

Now there are completely different market relations, the economy is completely rebuilt, and those who were previously confident of outside help should take care of dinner and a roof over their heads.

So how can a person brought up according to the old “rules” teach a new generation to the current market movements, to modern financial relations? Correctly, only relying on their own, mostly negative experience. What does this mean? It turns out that we teach our children our own mistakes. And the most insidious of them is the wrong attitude to money.


A huge number of people tend to blame money for their failures; they say that it is evil, they are nothing but trouble, they are to blame for everything. No less than those who literally deify the cherished bills, worship them.

In fact, money is not evil, but neither is it good. You should only treat them as a tool for achieving your financial goals. Money only helps to achieve what a person needs, to get what they want. This is just a tool, which means that you should treat it accordingly. In my blog, I have repeatedly raised the topic of proper attitude to money.


So, we figured out the problem. It remains to understand how to solve it. To do this, you should learn yourself and teach your children how to handle finances correctly. And this is not as difficult as it may seem. Introducing financial literacy to the masses is one of my goals. And it was this goal that was the prerequisite for the creation of the” Private Investor Academy ” (ACI) back in 2011.

It is important to teach people how to handle money so that they can pass this knowledge on to their children with a clear conscience. Training events and training information courses based on ACI give them such an opportunity. First-hand information based on the authors ‘ personal experience, structured training programs, and the ability to independently choose how intensively to acquire knowledge-all this makes the Private Investor Academy a unique school of financial and investment literacy.

You may ask, what does this have to do with children? First of all, by acquiring knowledge yourself, you pass it on to your children in the future. If the child sees that life is changing, and the parents have revised their attitude to finances and learned how to manage them, they will also be able to learn this.

In addition, on the basis of ACI, a unique product of its kind was created — a game, a business simulator “Genius of Finance”. Its advantage is that knowledge of finance is given in a playful way, and both adults and teenagers can participate in it. This is a truly unique product. Here, modern market realities are presented in the form of a game that is relevant and thought out to the smallest detail.

In just a few games, participants gain insight into doing business, entrepreneurship, finance, and investment. You will be able to see for yourself how money works, what are the laws of successful interaction with it. Completing the game helps:

  • take a different look at the problem of debt and loans;
  • see new opportunities and prospects that were simply overlooked before;
  • understand how a modern business works and what its laws are;
  • change your attitude to money and how you interact with it;
  • review your attitudes and beliefs that prevent you from becoming rich.

Summing up, I would like to emphasize once again that training in proper handling of money should start first of all with yourself. In this way, you set a personal example for your children to follow, which means that they will manage their finances correctly in the future.