The economy is important for a family!

[AnisahSiti]

I am married and have 1 daughter.

As we know, the economy is very important for families, of course, to support daily life and plan for the future. In addition to working we also need a savings or investment and this is the responsibility of parents. But if something happens that we don't want, such as death. By leaving a little treasure to our children, do we need to provide crypto investment education to our children? is it necessary?

As a parent I want to give my best.

I want to hear your opinion guys.

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[Doan9269]

You can start educating your child in cryptocurrency because it is neccesary for younger ones to get acquainted at a tender age, but one of the thing you will ensure to do is not to put all of your investment in a single tie, meaning you can be doing  cryptocurrency investment  and trading and also have a physical location for other business in which your child and wife can both manage effectively, if you so much trust your dare wife then you can secure your keys and password with her but not with your child because of underaged,  but the best is to let them have exposure to crypto and understand  it basics so that when you're not there they can stand on their own, this is the only investment you can give your child.

[naira]

I understand your situation, how this is often an uncertainty for parents who want their children's future to know the world of investment. But I don't forbid, to introduce the crypto world, it's just that as a parent, it is enough to do basic things about investment knowledge. Because after all, everything must be adapted to your child's own psychology regarding the understanding, age, and development of concrete operational education. That's why there are elementary schools where things about education take place in them.

There is no need to rush just because you are familiar with the investment world, as a parent you also have to know and adapt your child's talents and interests. Not necessarily in accordance with what you understand. It could be that children's finances in the future are not in the realm of crypto investment. As a parent I give more freedom about this. Let the child develop according to the stage of development. We only act as a facilitator to fulfill what our children want so that it can lead to the development of their talents and interests.

[Poker Player]

As we know, the economy is very important for families, of course, to support daily life and plan for the future. In addition to working we also need a savings or investment and this is the responsibility of parents. But if something happens that we don't want, such as death. By leaving a little treasure to our children, do we need to provide crypto investment education to our children? is it necessary?

The best thing is to provide education in a broad sense, within which there is financial education, and within financial education, educate about Bitcoin.

I hope you have taken precautions if you have your private keys just in case. If you die, your house, your bank accounts etc. will be inherited by your children, but if only you know you have crypto in a hardware wallet, you have to have a plan.

There have been some threads on the forum about this:

What happens to my bitcoin if I die today?

What happens to your Bitcoin when you Die?

[Tony116]

I already have kids, but I haven't thought about teaching them about crypto and investments. My child is going to preschool, I want them to have a beautiful childhood like a fairy tale and according to their wishes.
Crypto will definitely be used a lot in the future but I think we shouldn't rush them because they are big and know they will have their own choices and we are the only ones behind.

[livingfree]

But if something happens that we don't want, such as death. By leaving a little treasure to our children, do we need to provide crypto investment education to our children? is it necessary?

Yes, it is a must but depending on how old our children are.

If they're at the right age and can understand things already like 7 or more than that, I think that's enough age to teach them about crypto. But if not, you can teach your wife about it.

And while you're thinking about cryptocurrencies, you protect yourselves with life and health insurances.

[palle11]

It is a good idea to show kids how cryptocurrency works and get them educated in blockchain technology either through schools. This area is still fresh for learning and development. And depending on their age, we can show also investment not only on cryptocurrency but how to make wealth. If we want to invest on behalf of our kids, I suggest top rated coins starting from bitcoin.

[verita1]

If we educate our children with a vision of the future they will be better prepared. A crypto education is not bad, on the contrary, there are nations that are already including it in the curricula of studies.

Bitcoin and blockchain are in their infancy and the technology is advancing as we use it to meet our needs. But a crypto investment education for children I think is premature but it is happening in some places where parents are teaching their children to invest in cryptocurrencies.

https://www.financialexpress.com/money/childrens-day-2021-how-to-introduce-your-child-to-the-world-of-cryptocurrencies/2368542/

[Scripture]

Teach them how to use cryptocurrency and how it works as early as possible, we are not permanent in this world and we really want to give good legacy to our family and enough money so they can still live a better life even without us, I understand the fear of losing someone so better to always be ready. Economy is one thing, more importantly give good financial advices to your family, give financial literacy so when the time comes, they can survive.

[crzy]

Teaching them cryptocurrency might not necessary but you already see how this market works and I’m sure you probably know that this is way better than stocks and any other investment so teaching them might be more worth it.

We can’t control the economy, and the only way to survive is to have a financial freedom which you can teach to your family on how they can save money and where to invest. Its good that you already thinking about this one, I wish your family well and do your best to guide them so they can achieve financial freedom.

[batang_bitcoin]

It is a good idea to show kids how cryptocurrency works and get them educated in blockchain technology either through schools. This area is still fresh for learning and development. And depending on their age, we can show also investment not only on cryptocurrency but how to make wealth. If we want to invest on behalf of our kids, I suggest top rated coins starting from bitcoin.

This is becoming these days that kids have been taught about on how to become wealthy whilst they're at their young age. Teaching them about cryptocurrencies and blockchain is a good head start while they are learning other things from school.
Since curriculum for the younger ones doesn't include cryptos and blockchain, that's an additional learning from them and you have the purpose of doing so. It's actually recommendable to those people that have their kids at the right age to learn more about technology.

[PLayerZero14]

But if something happens that we don't want, such as death. By leaving a little treasure to our children, do we need to provide crypto investment education to our children? is it necessary?
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You should always keep an emergency fund in case things like this happens.something like 10% or 20% of your income goes to that fund so when the shit storm eventually hits you will be better prepared

[BIT-BENDER]

Leaving wealth in Crypto that is meant for someone's next of kin it is not as easy as the Fiat or properties style of doing the latter has a third party involvement and can act on directives even after his client death, buy Crypto no third party the whole decision is taking be the holder and only him can decide to pass down the password and seed phrase. So before you do such thing make sure you have made all arrangements so it can be successfully passed down and we don't have another Crypto locked away for life.

[Jating]

I am married and have 1 daughter.

As we know, the economy is very important for families, of course, to support daily life and plan for the future. In addition to working we also need a savings or investment and this is the responsibility of parents. But if something happens that we don't want, such as death. By leaving a little treasure to our children, do we need to provide crypto investment education to our children? is it necessary?

As a parent I want to give my best.

I want to hear your opinion guys.

Of course, even prior to getting married, as what our parents have advise us, be prepared before having a family because it is going to be a long journey. So it is important that you have a stable job, or some money in the side and have a savings. And with that said, I think crypto or bitcoin is a good alternative to put your money and accumulate and save overtime. I'm not really sure though what you mean by crypto investment education. Maybe you can just give your children some crypto and let them learn by themselves.

[goaldigger]

As a parent you really want the best thing for your family, so preparations is the key for a more good future with them and as much as possible, achieve financial freedom while you are still alive so you wont need to worry about the economy. Build an empire that you can turn over to your family and continue the legacy, you should also not limit your goal in cryptocurrency, consider every market as much as possible.

[logfiles]

I don't know how old your daughter is, but if she's old enough to grasp some concepts, then you need to teach her. I have seen parent teach kids about savings accounts and how to save money, then why not Bitcoin?

Life is uncertain, and we really don't know what could happen in the future. It's best to be prepared.

[GeorgeJohn]

People is having different perspectives and different function and method of education, which i believe that they can extend cryptocurrency education to their families or offsprings, educating offsprings cryptocurrency is good ideas in this era, because bitcoin had taken over the shape of the societies and i believe in ten years time every average citizens worldwide will be acclimatized with cryptocurrency adoptions, and from my way of understanding i will call it a future build up to the offspring.  

[Raymond Gary]

I am married and have 1 daughter.

As we know, the economy is very important for families, of course, to support daily life and plan for the future. In addition to working we also need a savings or investment and this is the responsibility of parents. But if something happens that we don't want, such as death. By leaving a little treasure to our children, do we need to provide crypto investment education to our children? is it necessary?

As a parent I want to give my best.

I want to hear your opinion guys.

In this 21 century it is very good you enlightened your kids about crypto investment, your kids needs to be moving with the changing world.
Giving your kids crypto education will help them have financial freedom tomorrow . Let's assume for a example that your kid already had a knowledge about crypto in 2016 and heard about BNB when it was trading under $20 . assuming he buys one BNB every month and decides to huddle for 10 years, Now do the math and you will realize how much your kid would have already made by now.

[Uang_kartal]

education is important for children primarily for morals and daily application, moreover than education you mean if you really like it, try when they are 18+ it may be possible (can be responsible for all risks), to maintain and continue if it counts it's inheritance. let your child look for himself with the interests he has especially an investment, I'm also married and have children 1. indeed the economy is important for all needs.
Funds for old age and asset funds for death are also needed. I agree with you there is no parent who doesn't want their child to be happy. But there is still a lot of knowledge, especially since everyone doesn't have the same knowledge, some like farming, trade, and all work together. want to teach their children and hope to be free from financial difficulties in the future

[Rruchi man]

By leaving a little treasure to our children, do we need to provide crypto investment education to our children? is it necessary?

As a parent I want to give my best.

They say the best gift a parent can give to a child is education, to me at the moment, i'd be specific and say particularly crypto education. Because crypto can still be considered to be in the very early developmental stages, any child who is properly intimated with it on time has been put at an advantage over the mass of population his/her age that know nothing about it. It will be more profitable IMO as a father to educate kids on crypto investment rather than gambling. So as a parent in this 21st century, part of doing your best includes crypto education for your kids.