Optimal Finance Daily - Financial Independence and Money Advice cover image

1947: How to Teach Kids Where Money Comes From by Kalen Bruce

Optimal Finance Daily - Financial Independence and Money Advice

00:00

Three Things Your Kids Need to Know About Money

When kids are young, they think money comes from the national bank of mom and dad. Let this be the first lesson your kids learn about where money comes from. Money has the potential to make more money, but it doesn't happen automatically. Invest one thousand dollars and it could turn into two thousand dollars. But it could also turn into two dollars. This is where risk versus reward comes in. Don't squash your child's will to dream big. They can go on to achieve greatness in many ways.

Play episode from 02:19
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app