Chapter
Teaching Children About Money and Consumerism
54:50 - 1:00:04 (05:14)
By teaching your children the value of money and incorporating elements of biology and science in their upbringing, you can prevent them from being super consumers. One father shares how he uses a spreadsheet to teach his 11-year-old son the importance of balancing his spending and saving.
Clips
The way children are raised and trained can affect their behavior in terms of consumption.
54:50 - 57:34 (02:43)
Summary
The way children are raised and trained can affect their behavior in terms of consumption. Teaching them balance and values can prevent them from being destructive consumers in the future.
ChapterTeaching Children About Money and Consumerism
Episode#221: Mr. Money Mustache — Living Beautifully on $25-27K Per Year
PodcastThe Tim Ferriss Show
The guest shares his technique of teaching his 11-year-old son about money and passive income by giving him payouts, keeping track of his money through a spreadsheet, and showing him the benefits of earning interest.
57:34 - 1:00:04 (02:30)
Summary
The guest shares his technique of teaching his 11-year-old son about money and passive income by giving him payouts, keeping track of his money through a spreadsheet, and showing him the benefits of earning interest. The guest also talks about his son's abundance of money and passive income that has made him close to funding his video game needs.