What's the best advice?

[fullhdpixel]

I'd teach them 2 rules:

Rule 1- Don'r be poor.
Rule 2- Always follow Rule #1.

I am pretty sure Warren Buffett told something similar also. Considering that he made a fortune simply by following these two basic rules, I think I am on the right path.

You are forgetting the golden rule; come from rich family. I mean it has been tested and yes there are some people who didn't follow your rule number one, but majority of the rich people come from rich parents.

Jeff Bezos? Got 250k in 90's (which was a huge amount in today's money) and then managed to survive nearly 10-15 or even 20 years without pocketing a single dollar from it to himself. Would you be able to get 250k money today let alone 30 years ago to start a business for free (not a loan, just given) and then survive 20 years without earning a single dollar? Because, if you can, then it means you could start a business like amazon today!

[fiulpro]

With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

I remember when my brother was earning money through selling his ID's in games and I thought of it as very weird since he was able to earn a lot in an online game, this was back in 2013-2014, now in 2021 we are seeing various events and games all around us and they are also paying the participants in cryptocurrencies. For me when we are talking about kids making money through cryptocurrencies and stuff via gaming, I think it's not wrong, forcing is ofc wrong but if there is a kid who is interested in such events and in games as well then who knows ? It's never a right time to teach them about money. There is no right age to start earning from a legal safe business. I do think it's actually a good thing, since they will learn to be more cautious and caring about money from a super young age.

[Oasisman]

I'd teach them 2 rules:

Rule 1- Don'r be poor.
Rule 2- Always follow Rule #1.

I am pretty sure Warren Buffett told something similar also. Considering that he made a fortune simply by following these two basic rules, I think I am on the right path.

You are forgetting the golden rule; come from rich family. I mean it has been tested and yes there are some people who didn't follow your rule number one, but majority of the rich people come from rich parents.

Jeff Bezos? Got 250k in 90's (which was a huge amount in today's money) and then managed to survive nearly 10-15 or even 20 years without pocketing a single dollar from it to himself. Would you be able to get 250k money today let alone 30 years ago to start a business for free (not a loan, just given) and then survive 20 years without earning a single dollar? Because, if you can, then it means you could start a business like amazon today!

Not to mention, that born-rich people do have a lot of money to burn to experiment on whichever business that really sells and has a long term profit.
Well, we all have different definitions of what a "rich" person or how much would a rich person must possess, like luxuries and businesses.
But, when you're starting from a scratch, only a small percentage of people who tried to be extremely rich has succeeded.

[BernyJB]

With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

I would not recommend this for kids, kids should be free of such obligations and instead enjoy their lives as much as they can, there will be a time when they will need to sustain themselves and earn money but that is not the time to do so, that would be my advice, I know that money can be tempting and the power it brings especially when other kids are not earning money, but at the end you will regret not living the same experiences as your peers just because you wanted to obtain money over everything else.

Makes sense. But, when? My parents effectively shielded me from having to earn a penny until I was 17 years old. I was a student and that's all I was supposed to be. Then my dad got cancer, and I had to man up and take care of the family.
I do agree that kids have a right to enjoy their childhood, but you have to live your life in the knowledge that you may die at any minute. To have to learn life all at once is not the best way.

[coinfinger]

Will definitely provide the best support in terms of their education and interests . I may never force my son to be like me. everybody is different and also had different  interests. i might be just support the best as i can . and the development of the era will definitely be easier to do all of that .

That must be a good approach in my opinion as well; we should not force for anything; our next generation will find out what is suitable and what is better for them on their own. But our responsibility must be getting them all the opportunities to choose from.

Basically being a responsible parent is more complicated what most people do assume. Parents must need to be more competitive to find out what are the opportunities and what are suitable for their kids so that they will bring all of them and only from that kids will choose the best one.

[bitLeap]

Not to mention, that born-rich people do have a lot of money to burn to experiment on whichever business that really sells and has a long term profit.
Well, we all have different definitions of what a "rich" person or how much would a rich person must possess, like luxuries and businesses.
But, when you're starting from a scratch, only a small percentage of people who tried to be extremely rich has succeeded.

But we don't mean to violate destiny, right?
Both people who are born rich and poor all have different ways of being born according to what has been predestined in their life path from the start. Not a few of those who are rich do not even appreciate what they have, and even people who are born poor may know better how to appreciate the difficulty of making money.

[Gorosden]

This reminds me of the old days, I get scolded easily for playing video games when I'm supposed to be sleeping but today it's now a different story entirely, when I have my own children I will like to tell them the real facts about the world, show them and teach them what they can't ever be thought in school about money

[Dragonfund]

With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

You think that will continue forever? There is nothing easy to get and now that everyone think it's easier to play to earn, it wouldn't be like that forever, the funds used for such activities are from foundation and when the population increases and more people get to know it, the earnings will be low, the law of diminishing return and nature effect would have set in.
If I have know that bitcoin would be this huge, I would have bought plenty of Bitcoin for my self and by now would have also sacrifice some Satoshi for them. I would see if ethereum mah cover up for Bitcoin mistakes when I have the funds.

[carlfebz2]

With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

Even you do stop them on making engagement but with having access due to those mobile phones that they do have or personal computer then it is
somewhat impossible for you to get rid with.

Just let them be but of  course on handling them on a good way or good parenting in short then you should teach them everything neither on benefits or risk.

Tell them about moderation or something and in talks of money making then its good that they could really make their own but they shouldnt
really forget on whats their priorities.

[7788bitcoin]

With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

There should be a limit to everything, and as a parent you will not implement the idea of spending and making money online. If the kid is good at playing video games let them enjoy the game rather than putting pressure in the form of incentives that have consequences which is not that great. There should be a age limit for games that needs to pay a fee to join.

[Mauser]

With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

As parent I would want my kids to be happy and do things they enjoy. Gaming seems to be a big part of today's generation and that is fine. The interaction kids have with each other in today's world seems to be normal with Discord and Twitch. If my kids are good at gaming I would encourage them to go into streaming. There can be made a lot of money on YouTube and Twitch, even if it is just being done part time while at university or in the evenings after work.

As for crypto currencies, I think it's normal to engaged with them in today's world. Growing up and not knowing what cryptos are is not an option anymore. Even my grandmother has heard of Bitcoin before. That is why I would not gift my kids fiat currency when they grow up but rather make a crypto wallet for them. This will force them to get used to crypto currencies no matter what. And when you already own something you get much more interested.

[Leviathan.007]

Not just talking about crypto and bitcoin but one of our biggest problems is we are always trying to advise everybody and whenever we got a child we are always trying to do the same thing and put them under stress by advice all the time, the best idea is to let them grow and just help them to learn new thing If you let them educate and sing them up in the best classes to learn about the economics that would be enough for finding their ways to the crypto world.

[fullhdpixel]

Not to mention, that born-rich people do have a lot of money to burn to experiment on whichever business that really sells and has a long term profit.
Well, we all have different definitions of what a "rich" person or how much would a rich person must possess, like luxuries and businesses.
But, when you're starting from a scratch, only a small percentage of people who tried to be extremely rich has succeeded.

But we don't mean to violate destiny, right?
Both people who are born rich and poor all have different ways of being born according to what has been predestined in their life path from the start. Not a few of those who are rich do not even appreciate what they have, and even people who are born poor may know better how to appreciate the difficulty of making money.

On contrary to popular belief, there are not that many people who destroy the wealth their families created. Most of the time families have investments for that type of situation and even their "bankrupted" version lives in a villa so there is rarely any situation that would make a wealthy person become poor that we all imagine. I mean if you are worth tens of millions of dollars, or if your job makes that kind of money, what is the chance that you will turn to be a single room, noodle eating, barely paying bills, fail to get a job type of person? Hell even your experience bankrupting that business could worth enough to get millions of dollars in salary somewhere else.

[Silberman]

For me personally, I will prioritize what my talents and interests are. Will not be too forced what he doesn't like in generating income for his future. Children have ways and ways according to their wishes. As a parent only directs or facilitates the needs according to the development he expects. It gives him freedom of perspective in responding to technological developments from his point of view. As for providing education, of course, parents must provide some kind of stimulus, because children will develop according to the world and their environment.

This is the way to go about it, it is obvious that parents want the best for their children and if possible they would like them to follow on their footsteps because that is a path they know and they can help their children to avoid some of the pitfalls that could be on their way, however if the kid is not interested in that path as long as he is still interested in another path that has good potential then the parents still need to support their child in whatever direction he has decided to take his life and not force him through a path he does not want to follow.

[Bollexz1]

Simply because lot of kids out there are making money through NFT gaming shouldn't give me enough reason to impose or enforce it on my kids too. Matter of fact, it's kid we're talking about, what they need the most at that stage is knowing right from wrong and helping them succeed in their academic field and not money.

[Hippocrypto]

Technology might be popular nowadays but it doesn't mean I will let my child engage to any gadgets for so long. They maybe know how to use technologies or any gadgets so we can't force them on not using it but, I will give them such limitations to use it. As a parent, I also want my kids to be happy and do things they enjoy. Gaming is already part of today's generation, so I will let them and it's fine with me. About cryptocurrency, I think it's normal to engaged with them in today's world. They will grow up and will also know bitcoin. But, I will let them learn it, I will not force them. It will depend on them if they want to engage unto this because I know they will also find money, so they might be interested on bitcoin in the future and wants to learn cryptocurrency on their own

[ChiBitCTy]

If I were a parent my kids would currently be doing two thing, one they would be learning a foreign language (spanish makes the most sense for americans), as well as they would be learning how to code.  Those are two skills that stand out to me that would help any child get a big head start above most of the others.  I would of course also teach them about basic finance etc.

[maydna]

Let them choose by themselves what they want to do while we as their parents can only guide them and teach them about the good thing and tell them about the bad thing. Maybe when they are in intermediate school or high school, we can teach them about making money in their free time. But do not let them search for the work offline because I don't think that they are ready to struggle and compete with the other.

[xSkylarx]

With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

I'm a father now, and I'm somewhat tech-savvy, but my daughter is still young, so when she's old enough to understand, I could really give them advice, without pressuring them into it, but if they asked, I could really respond. As parents, we cannot control what our children want to do; we can only advise and guide them to be successful, or enlighten them if they are struggling to achieve their goals. However, I am confident that games or play-to-earn games would play a significant role to the teens right now since almost all wants to earn money by only playing games.

[bitLeap]

]This is the way to go about it, it is obvious that parents want the best for their children and if possible they would like them to follow on their footsteps because that is a path they know and they can help their children to avoid some of the pitfalls that could be on their way, however if the kid is not interested in that path as long as he is still interested in another path that has good potential then the parents still need to support their child in whatever direction he has decided to take his life and not force him through a path he does not want to follow.

The role of parents is as the first education of their children, so what parents instill in their children can be a form of how they discover what the hidden talents are in a child. So that in the future, the child can determine what is good for him and what is suitable according to the skills he has supported by parental control.