7 things to teach your kids in kindergarten if you want them to grow up to be rich

ShutterstockThe earlier you start teaching money basics, the better.

"At the end of the day, kids are not being taught the fundamentals in school. As much as we think or hope they are, it's not happening," says Gregg Murset, certified financial planner and founder of MyJobChart.com, a free tool that teaches kids about money.

That means parents are the ones that have to assume responsibility - and the earlier you start teaching money basics, the better.

"Even if they have personal finance being taught in high school, that's too late," explains Murset. "They're quasi-set in their ways by the time they're 17, so you really have to start a lot earlier."

Every kid learns at a different pace, but you can start laying the groundwork as early as five years old, Murset says.

Here are seven money lessons you can introduce to your kids as early as kindergarten. The more interactive and fun you can make it, the more they'll absorb, so we've also included strategies to help convey the basics suggested by Murset and Peggy Mangot, CEO of SparkGift, a new platform that helps parents teach kids to start investing early.

Of course, we can't guarantee they'll grow to be millionaires, but if you can hammer home these concepts from a young age, they'll be ahead of the curve.