Are you teaching your kids the truth about money?

Steve Siebold, self-help author and Fortune 500 sales consultant, is asking parents this question in his newest book, Secrets Self-Made Millionaires Teach Their Kids.

With over 1,000 interviews with affluent parents who have rags-to-riches narratives, Siebold says he has discovered some money truths parents could discuss with their children and some misguiding money myths.

Out of all the 10 myths Steve Siebold listed, he believes the biggest misrepresentation of money is that it is the root all evil.

“It’s being taught by people who’ve never had any money,” said Siebold. 

Instead of minimizing the significance of money, Siebold preaches that parents should be advised to focus on money and learn as much as they can about it.

“Money doesn’t make you happy, but it is really important,” said Siebold. “Breathing doesn’t make me happy, but I’m really happy that I can breathe.”

Here are 10 money myths and Steve Siebold’s money truths.

Myth No. 1: Making money is hard.

You can make money if you know where to look. Teach your children that making money is about solving problems. The world is full of problems, which means there is a lot of money-making potential for them. The bigger the problem you solve, the more money you can make.