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Author Topic: The economy is important for a family!  (Read 800 times)
Uang_kartal
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March 19, 2022, 02:43:17 PM
 #81

maybe the post makers have felt solid from the answers of all friends here,? I agree, that children are a period of imagination and play and even learning according to their phase (of their age) it is too hard to jump and avoid reality, either education or a direction to think beyond his capacity and motor skills, for any financial plan related to money.
indeed money makes people live and die, whether they wake up or go to sleep again, people need a unit of exchange, to be sufficient, but at an early age, in my opinion, you still have to live with it, even though this is only an anticipation plan, I understand your feelings.

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March 19, 2022, 04:04:28 PM
 #82

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.
If we can lead them at an early age, might as well their choices will not be different from ours. So teaching them about crypto investments will not ruin totally their beautiful childhood days, instead it will open them to what's waiting for them ahead. However, if you think your kids will not be interested in crypto, then leave them their share in fiat. The choices of our children still matter the most because its where they can put their passion in it.
In my mind, I still want them to be like me in the future, to be a crypto investor even I intend for my children to become a blockchain programmer. All my wishes.

Some people have advised me that I can use crypto posters to teach him, both keep him happy and help him access crypto without too much pressure. I found this method quite useful, I will try it next time after my child is used to the classroom environment. I will apply at playtime with him.



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March 20, 2022, 01:56:52 PM
 #83

Every child deserves to enjoy their childhood. We should let them take over their youth, but of course, not to the expense that they could ruin their future. I know that most, if not all, parents want the best for their children. But parents should also consider the feelings, emotions, and their children's development over the crucial years of their growth. Because these stages are of importance for the kid's overall shape enhancement, behavioral, perspective, and critical thinking aspects speaking.

If you really want to secure your children's  future, you can start saving in different investments that your trust. If you want it to be in crypto, start as early as you can and let it grow over time. You can introduce them with it the moment they got in the right and perfect age to understand such things. Don't force nor impose it to them. Make them aware about the investment and /or educational fund that you made for them and you can teach them about it for their better understanding and handling when they got to their curious and explorative stage.
This doesn't mean that you can't teach a child about finances. I mean we teach them mathematics, we teach them history, languages, geography, geometrics, science and many other stuffs at school. If we can teach all of those, then why not teach them about the future benefits of saving and investing? It is clear to anyone who has lived the past 20 years working to know that if you are earning a salary, you will not get rich with it.

I have nearly nothing aside, I saved up some crypto thankfully but that’s it and it is not even that big. So, if I were to lose my job tomorrow, I would be in poverty by this summer. Kids needs to know how to save 10% of their income every month, and put it on a safe investment.
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March 20, 2022, 03:36:44 PM
 #84

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.
Obviously you should give crypto investment education to your children but the reason behind that isn't because something happens or you leave a little treasure, it's because your children should be self sufficient enough to make their own investment decisions in coming future and this knowledge that you'll impart in them will help them to make good investment decisions in the future and maybe start investing at an early age which could help them accumulate more until they become young.
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March 20, 2022, 05:15:45 PM
 #85

If you could find someone else that will be great at this, that would be a lot better for sure. I mean if you keep doing that because you are going to end up with financial education of your child yourself, then how are you so certain that you are teaching all the right things. You need someone who is both expert at finances, but also experts at teaching kids as well.

The number of people who are expert in both do not exist in abundance. People who are expert in finances work in a wall street type of way, they are trading all day making money and do not have time to teach your kids. And teachers who work with kids do not have financial expertise most of the time.

I haven't thought of that. Maybe if later my daughter goes to college and is interested in majoring in finance, she will find the right lecturer to teach her about finance in more detail.

For now I will only focus on the introduction and management of crypto assets, wallets and crypto investments (I think this will be the last point after the previous 2 points she has understood). The main focus is to save crypto, for example Bitcoin.

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March 21, 2022, 12:12:16 PM
 #86

Yes, it is very necessary to teach your kids about crypto and finance management.
I think this should be added in their school's curriculum, so that it gives them immense knowledge about it.
And if you can open up a savings account or purchase valid coins in their names it would be beneficial to them so that when the time is due for them to invest, they wouldn't use finances as an excuse, the path would have been cleared.

Every parent wants their child to be successful and have a lot of money, therefore parents provide the best education for their children.
So that when they grow up they can get a good job and can make a lot of money. But I think it would be better if our children were taught
about crypto from an early age, because crypto has been proven to improve the economy of many people. Even crypto can make people rich,
if we understand how to properly invest in crypto. I agree with you, it would be great if crypto became a subject in school, so that our children
could understand crypto. So when they grow up, they already understand how to make money through crypto. Because to be rich, we have to
learn to invest, and investing in crypto in my opinion for now is the best compared to investing in other assets. So don't delay introducing our
children to crypto, the sooner our children learn about crypto, it will be better for his future.

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March 21, 2022, 03:47:13 PM
 #87

I hope OP also consider the possibility of getting divorced. Don't reveal all your crypto stash to your spouse so you have fall back if you split apart and split assets. If you're worried that it might get lost if you suddenly die, have a setup where the kids can get access to it.
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March 21, 2022, 04:18:04 PM
 #88

Obviously you should give crypto investment education to your children but the reason behind that isn't because something happens or you leave a little treasure, it's because your children should be self sufficient enough to make their own investment decisions in coming future and this knowledge that you'll impart in them will help them to make good investment decisions in the future and maybe start investing at an early age which could help them accumulate more until they become young.
Usually parents inherit not only money to their kids but also they want their kids to learn what skills they possess. There are businesses that we see around us and that business are now owned by the kids of the owner because there parents are too old enough to handle it or they have died already. The same thing applies in crypto business. The early you teach your child, the better they'll become good at it.

It's important to teach our kids on how to handle a money or a crypto so that they won't spend recklessly but they will now spend wisely because they know that money is something that is hard to find but it needs a lot of hardwork and sacrifices.

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March 21, 2022, 09:38:37 PM
 #89

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.
As long as she manage to understand how important is it to save, then you can encourage her saving even at the age of 6. I've known a friend where his child has already been saving at an early age of 6 and until now he's still doing the same thing. So i guess the child has already learned what saving can do in the future.

For OP, if you want your daughter to understand and continue what you have started, you can motivate her to do that and maybe comes a reward after that. That way, she'll be learning and enjoying the same thing. But of course do it when you think she's totally capable to absorb what you want to teach her.

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March 22, 2022, 09:35:33 AM
 #90

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.
Very correct, there's a lot of sense in ur statement, cause even the Holy book advised that, train up a child in the way he should go and when he's old he won't depart from it, this doesn't only apply in the social moral character of the  child but also in educating the child too. So intimating a child about cryptocurrency in his early stage is a great advantage to that child amongst his counterparts.
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March 22, 2022, 10:36:05 AM
 #91

Economic education and investment are very important for families and from childhood children must get used to investment, inflation that continues to increase makes the basic ingredients of life skyrocket so if we do not introduce the economy, the finance will be chaotic, and the easiest thing to train the investment family is to invite it immediately Invest Cryptocurrencies.


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March 22, 2022, 06:45:11 PM
 #92

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.

I would definitely take care of it. Cryptocurrencies are very important for our future, because whoever takes care of it now, in 10-20 years can make a big profit. It will be a good gift and start for your child if you buy some cryptocurrency for him and when he becomes an adult, open access to his savings. By then, it will be an impressive amount. You can also buy cryptocurrency and do POS mining for your children's future. Again, it will be a very impressive amount of money over 10-15 years.

And while this investment will work for your children's future, you can introduce them to the crypto industry, explain the essence of cryptocurrencies and how not to lose your savings. This is important for anyone and everyone. I definitely advise you to work on this direction of everything I wrote above.

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Renampun
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March 22, 2022, 09:01:24 PM
 #93

I hope OP also consider the possibility of getting divorced. Don't reveal all your crypto stash to your spouse so you have fall back if you split apart and split assets. If you're worried that it might get lost if you suddenly die, have a setup where the kids can get access to it.
I also thought about this, about the possibility of divorce which could threaten the marriage of all couples at any time...

For now I have a partner who is loyal and honest with me, so I'm going to throw away the thought of a possible divorce. but what caught my attention more was the possibility of dying, this is something that no one will ever think about. Children will definitely suffer if their parents die when they are young. because of this thought, I have started to slowly teach my children about crypto even if it is just small talk, they are still under 7 years old.



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Rainbot
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March 22, 2022, 09:37:19 PM
 #94

If the economy is good in every country also the people inside their territory have a good beneficial effect. But there are some problem in every people like others said that not connected in economy. Me and wife always help each other to build up a good relationship that can build a good effect in economy.

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March 22, 2022, 09:48:10 PM
 #95

Maybe if later my daughter goes to college and is interested in majoring in finance, she will find the right lecturer to teach her about finance in more detail.

For now I will only focus on the introduction and management of crypto assets, wallets and crypto investments (I think this will be the last point after the previous 2 points she has understood). The main focus is to save crypto, for example Bitcoin.
Finance and college is a bit too late, there will be some people who will learn the worlds from a simple teacher, there will be people who will learn nothing from someone like Benjamin Graham. It is a bit more about the person and both how they were raised and their character.

However, if you teach them at a very young age, simple stuff, like value of savings then you would be able to do a lot better. Kevin O'leary recently said that the median income Americans make yearly is around 52k, if you put 10% of that aside from 40 years, you have 1.2 million dollars when you retire. Obviously there are a lot of stuff that happens which blocks you from saving like that, but even this fact is not known by enough people.
perfect999
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March 24, 2022, 06:54:19 AM
 #96

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.
As long as she manage to understand how important is it to save, then you can encourage her saving even at the age of 6. I've known a friend where his child has already been saving at an early age of 6 and until now he's still doing the same thing. So i guess the child has already learned what saving can do in the future.

For OP, if you want your daughter to understand and continue what you have started, you can motivate her to do that and maybe comes a reward after that. That way, she'll be learning and enjoying the same thing. But of course do it when you think she's totally capable to absorb what you want to teach her.
I have done this when I was just a little kid as well. My parents never just got me something, they never said "here you go" and give me something when it was about gaming. Definitely books, clothes etc were bought without expecting something LOL, but when it is a new PC, new playstation, new gameboy, even a new game for them, it all came down to how much I could contribute. They wanted to teach me finance, but not for the real crucial stuff.

Buying a brand new game was never expensive for them, it took like maybe 1% of my dad's salary to buy one, but since buying a new game is unimportant and not crucial, he wanted me to contribute half for that, or 10-20% for a new console, so that I would learn how to save money. I didn't Cheesy. But, his intentions were good.
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March 24, 2022, 07:14:02 AM
 #97

Some people say "if we die, we cannot bring our wealth in the other side" but I can say that we can leave it to our love ones to have a better life and bright future ahead. It's best to have investment that we can entrust to our family so that they can have a better life once we are gone and so that we will not regret everything once we are gone. I entrust my crypto assets to my wife for sure and I start her to educate how crypto works and stuff so that it would be easy for her once I am gone.

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March 24, 2022, 08:08:31 AM
 #98

I think crypto education for children is necessary, because the increasing development of technology requires us to be able to run it according to the current situation. but we also have to teach according to the portion, so that children do not fall into something wrong. I think that if children are underage, don't involve them taking the risk of cryptocurrency fluctuations, so it's limited to basic knowledge

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TheCoinGrabber
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March 24, 2022, 01:16:54 PM
 #99

I hope OP also consider the possibility of getting divorced. Don't reveal all your crypto stash to your spouse so you have fall back if you split apart and split assets. If you're worried that it might get lost if you suddenly die, have a setup where the kids can get access to it.
I also thought about this, about the possibility of divorce which could threaten the marriage of all couples at any time...

For now I have a partner who is loyal and honest with me, so I'm going to throw away the thought of a possible divorce. but what caught my attention more was the possibility of dying, this is something that no one will ever think about. Children will definitely suffer if their parents die when they are young. because of this thought, I have started to slowly teach my children about crypto even if it is just small talk, they are still under 7 years old.

Reason I mentioned divorce is it seems a lot of MGTOW content creators are into and endorses crypto, so I'm assuming they are keeping part of their assets in crypto and went through ways to hide it in case they ever do marry and then get divorced.

I guess the divorce part is mostly a problem in the West where half of marriages end that way. It'll be nice if you have some money hidden that your wife wouldn't have access to but then there's the issue that the children should have ways to access it should you die.
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March 24, 2022, 01:45:18 PM
 #100

I think crypto education for children is necessary, because the increasing development of technology requires us to be able to run it according to the current situation. but we also have to teach according to the portion, so that children do not fall into something wrong. I think that if children are underage, don't involve them taking the risk of cryptocurrency fluctuations, so it's limited to basic knowledge

I really agree with your opinion about the introduction of digital finance for children, along with the development of the times children are required to be able to apply finance digitally, one of them is by using crypto
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