that's some great stuff bawb, although I understand it might be something hard to teach to your kid(s) and there could be reasons someone decides against going into detail.
For instance like you said, your dad could have learned you the ways of stocks etc. but there's no way he could have taught you about crypto and LP's as it wasn't around or at least wasn't aware of it at the time. It can also make you too much focused on money in your life instead of enjoying and experiencing life without (too much) worry about money at the start of your career. Of course learning the basics and finding a balance in this all is important.
Another thing that always amazes me is how you can know about interest and the compounding effect and not really GET the compounding effect. Still to this day some examples/analogies slightly change my perspective on it although I think I have a rather good understanding of it. Just one of those concepts that's fairly easy to grasp at a basic level yet hard to really understand the full power of it for the human brain I guess.
Aside from the expected interest (I'd rather call it return as most options aren't regular interest) do you explain that some options are riskier than others and some might take years to come to that average return or might not reach that ever?
PS. also.. none of em straight up bought a psyberX starter kit? :-P
lol about the starter kit....they don't even know what that is. If their LP's do well enough, perhaps I'll tell them what it is and go from there. I also didn't pressure them to do the LVL LP, even though I think there's super strong upside potential for the coin.
I don't fault my dad. We only know what we know. And yeah, crypto wasn't around, so he couldn't have told me about that...though in my family there are only about 3 of us who know anything about it and I know the most. I've shared with those who want to know and let the others know I can explain it when they're ready. For instance, my sister is @liftslikealady. I've been teaching her quite a bit about it. She's earned hundreds of dollars worth of Hive already and does own about 600K in LVL. She hasn't dived into the LPs yet, but she's learning.
I do wish my dad had done what I'm doing...give me $100 to invest in something to watch in the stock market, then pull out the earnings later on to show me to appreciate the increase, etc. My daughters I think will be very happily surprised when in a month they check back in and see they have $15-$20 worth of crypto waiting for them. I tell them all the time that they can sell me their Hive back at any time. All we have to do is transfer the Hive to my account and we'll see what it's worth and I'll give them USD in real life...they're going to understand the benefits of investing, I think...at least I hope :)
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Slowly but surely. It is like learning another language.
https://ecency.com/hive-167922/@haveyaheard/how-liquidity-pools-work is the best article I've seen on LPs...