This simple exercise can help a teenager delay gratification and better understand how interest works. Below is an excerpt from the article.
It’s not necessarily about depriving your kids of toys, but getting them to be thoughtful about why they want something.
You turn your time into money. Don’t let “excess” money turn into things without careful deliberation. Turn it into your time, your only non-renewable resource.
It’s been a long time since I was a kid, and to connect with our kids on topics such as money, we need to be able to think like them.
Being smart may help you achieve a higher income, which is essential. However, that isn’t enough.