Chapter
The Influence of Upbringing in Consumerism
1:00:19 - 1:05:53 (05:33)
The way parents raise their children and the activities they are exposed to can greatly influence the level of consumerism in their lives. Training children to believe that wealth earns the right to buy whatever they want can create a cycle of excessive consumption.
Clips
The way parents raise their children can significantly impact their consumption habits as they grow up.
1:00:19 - 1:03:27 (03:07)
Consumption Habits
Summary
The way parents raise their children can significantly impact their consumption habits as they grow up. Living in an environment that emphasizes conservation and curbing consumption can also influence their habits.
ChapterThe Influence of Upbringing in Consumerism
Episode#475: Mr. Money Mustache — Living Beautifully on $25-27K Per Year (Repost)
PodcastThe Tim Ferriss Show
Many parents like to give their kids an allowance in order to teach them about managing money.
1:03:27 - 1:05:53 (02:26)
Money Management
Summary
Many parents like to give their kids an allowance in order to teach them about managing money. This episode discusses the benefits and drawbacks of doing so, including the concept of earning interest on saved money.