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Author Topic: Get to know the Child Phase before teaching Bitcoin and Financial Management.  (Read 210 times)
Dr.Bitcoin_Strange
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January 02, 2023, 01:29:55 PM
 #21

It's pretty nice to acknowledge these four phases of our kids' growth in life and in the lessons we teach them. Knowing when it is right to impact them with knowledge of financial management

Most of us (like myself) really got fucked by some altcoins, but I think it will be an advantage to teach our children all of our experience in the crypto space so that they may not repeat our mistakes. also teaching them how possible it is to accumulate Bitcoin gradually instead of falling victim to shitcoins.

IMO, at age 10, they can be introduced to Bitcoin. It may be too complex to understand, but teaching it in a fun way will still catch their interest, although we should take the lecture gradually so as not to stress their brain. 

I have some favorite YouTube videos that I expose to my nephew.
https://youtu.be/2AawrjIxqdM
https://youtu.be/nqdv6Ad9Nt4
https://youtu.be/xvo_m_r2ubg

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January 02, 2023, 02:37:26 PM
 #22

As a parent, of course I want the best for my child's future. But we need to realize and understand that there are phases in the development of our children. teaching financial management, Bitcoin and Crypto to our children is a great thing if it is taught at the right time or phase. and certainly not by coercion or pressure.
There is time for everything simply. If you teach your child or anyone in general something at a wrong time, you have wasted your time and efforts, and they most likely will not learn it because they are not interested as interest contributes greatly to learning. Understanding the right time to teach someone something is also important and a good skill to have as an educator or teacher, it is what will distinguish you from other educators or teachers. As a parent, you must know this as well if you intend to teach your child about bitcoins, so it does not look like they don't want to learn about it and then you choose to stop and never mention it again.

Also for me, there is fixed certain age at which I would say that my child is now ready to start learning about bitcoins. Some children develop faster then others, and other slowly. As a parent you should be observant to know.

IMO, at age 10, they can be introduced to Bitcoin.
It may be Age 10 for some kids, for others it may be earlier, others later than Age 10. It is unique to every child.

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January 02, 2023, 04:52:56 PM
 #23

I agree with the op about the approaches to children based on stages and that 7-14 can be an age to start teaching kids how to use money. However, I believe that apart from teaching them to save up, it's also important to teach them how to spend, and that the purpose of money is to be the medium of exchange, i.e., to be exchanged for goods and services regularly. What's good about Bitcoin at this stage (maybe closer to its end, though) is that while a child cannot have a banking card, getting an Electrum wallet and a bit of BTC for a child is totally possible. As for 15-18 (because from 18, they're no longer children, at least in my country), this can be the time of thinking of how to invest money, how to hodl, etc. But yes, all of this shouldn't be forced upon children. Basic financial management generally should be taught and children should have a chance of trying to be financially responsible by maintaining some of their own funds (given by parents), but if someone is not into investments and/or into cryptos, it is totally fine.

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