That's a great way to setup and teach your kids about the value of saving, investing, and planning for the future. Kudos for the idea. Perhaps I will start something similar for my kids as well.
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That's a great way to setup and teach your kids about the value of saving, investing, and planning for the future. Kudos for the idea. Perhaps I will start something similar for my kids as well.
Sounds good :) the sooner the better, it would be interesting for me to learn how you can teach that, how do you teach someone to think ahead and clearly, how do you teach someone to save without being stingy, invest without being greedy and plan without being scared of the future
I think the easiest way to teach it is to example it to them through you own processes. There is an old phrase that says "more is caught, then taught" meaning that watching and observing they are more likely to "catch" what you are exampling than to listen to the old man trying to "teach" them something :)