If you don't save,you are not safe

[ruykeri]

As for explaining this to kids, I think the easiest way is through simple examples, not theory. Teach them that money is a tool, not something to hoard or burn. Show them how saving without investing loses value, and how patience and good decisions compound over time.

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

[Minor Miner]

As for explaining this to kids, I think the easiest way is through simple examples, not theory. Teach them that money is a tool, not something to hoard or burn. Show them how saving without investing loses value, and how patience and good decisions compound over time.

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

Conversely, I do not think teaching investing from a young age is necessary or beneficial, let alone teaching about Bitcoin.

Instead of teaching about investing and Bitcoin, we should teach basic financial literacy such as money management, saving, spending. Basic knowledge is what they need to master at this stage. Because once they acquire this knowledge, investing, not only in Bitcoin but in any other investment, will become much easier

Provide them with a comprehensive financial education, rather than focusing on just one asset class. The world is constantly changing, and new things and new opportunities will always emerge

[Sulegzy39]

Money is very essential to every human being and that is why everyone wants to make money, people are making money in different ways,some makes their money in an easier way, and some are in difficult ways depending on the type of work you are doing.but they are only three things you can do with money:

(1)you can invest money

(2)you can spend money

(3)you can waste money

 As it stands now there are different categories of people in this life and each of them falls into this three ways of using money.
 
investing money :the Wise people invest money because they know the value and the importance of money and will never want to lack money just because of their unwise decisions and that is why they are good planners and always going into investments.

spending money :an average people spent money because they know that there is another to eat tomorrow and and feels that there's need for enjoyment to regain strength and energy to work more for the better days ahead.

waste money :this are the people who think that the money can never finish, this are those who feel they have arrived and thinking that there's no need to invest or save, always pressume until it becomes late.. foolish people waste money

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

I have idea, if you don’t save money for a purpose emergency will come. know the value and important of money there’s need for enjoyment for regain strength some people don’t have luxury of safety with few job opportunities you should definitely avoid wasteful spending.

Know the value of money and spend money wisely because if you don’t save money you can’t solve many problems that can up the wise people invest money because they know the value and the important of money.

[chigo]

However, I think it's necessary to completely separate saving from investing. We should still set aside a certain amount of savings for emergencies and essential needs, and only use a portion of that for investment. Spending all your savings on investments is not a wise idea because investing inherently involves risk.

Saving is very important because it helps us avoid unexpected risks in life. Therefore, saving should be prioritized above any other fund, do not underestimate its importance.

Saving is quite important, and even for people who want to invest, saving is the first step that they should not miss, because when they have savings, it means they have funds that can be used when they need something, so they will not disturb their investment portfolio and keep it separate from their needs.

If someone spends all their savings on investments and doesn't have any money left, then what will happen is that when they face an urgent need, they will have no choice but to withdraw funds from their investments, that will be a mistake, especially if their investment position is at a loss.

[GIF-JOBS]

As for explaining this to kids, I think the easiest way is through simple examples, not theory. Teach them that money is a tool, not something to hoard or burn. Show them how saving without investing loses value, and how patience and good decisions compound over time.

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

The main thing is to develop children from the very beginning in the right direction of money management, to create a mindset in which they can stop wasting money and use it properly to create a way to earn more money from it, thinking about the future so that they can become investors. And it is certainly a good thing that if they are taught about Bitcoin, their future can be brighter from Bitcoin investment. As we have seen, the country of El Salvador has created a separate class for students from Age 7 to teach them about Bitcoin, This Bitcoin education has been included in 50 public schools for students aged 7 to 13 in the first stage, so that each of them can achieve success from Bitcoin in the future.

https://x.com/LinaSeiche/status/1952464860479947184?s=20


So in the same way, if they can be made to understand from the beginning how important savings and wealth formation are in addition to earning, then they will refrain from making wrong decisions in the future, they will grow up responsibly, and at the same time, in addition to teaching economic subjects in the education system, it is important to give a correct and balanced idea about modern financial technologies like Bitcoin, since the future of Bitcoin is bright, it is absolutely necessary to educate everyone on this subject, and especially students. With such a management, every student will be able to understand from the beginning what its risks and possibilities are and what kind of impact it can have on their financial lives in the future, they will be able to be aware of everything and they will be able to take steps to create their future financial status through Bitcoin.

[bisdak40]

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

I agree teaching the kids early about investment and how to handle money is a good idea so that at the very young age they no what to do with their money and not just spend everything without thinking. It makes them knowledgeable as they will grow they will realize that learning it at a very young age gives  them strong foundation on their financial decisions.

[boyptc]

I agree teaching the kids early about investment and how to handle money is a good idea so that at the very young age they no what to do with their money and not just spend everything without thinking. It makes them knowledgeable as they will grow they will realize that learning it at a very young age gives  them strong foundation on their financial decisions.

Teach them how to deposit money in the bank, digital or physical and that will carve in their minds that saving is a normal activity of adults.

The other kids that aren't taught by their parents how to save money are usually the ones that struggle in their finances as early as they can be.

While not all of them are becoming bad with finances but, if these kids had a bad start. That becomes a disadvantage of them as they grow.

[bakasabo]

I agree teaching the kids early about investment and how to handle money is a good idea so that at the very young age they no what to do with their money and not just spend everything without thinking. It makes them knowledgeable as they will grow they will realize that learning it at a very young age gives  them strong foundation on their financial decisions.

Teach them how to deposit money in the bank, digital or physical and that will carve in their minds that saving is a normal activity of adults.

The other kids that aren't taught by their parents how to save money are usually the ones that struggle in their finances as early as they can be.

While not all of them are becoming bad with finances but, if these kids had a bad start. That becomes a disadvantage of them as they grow.

You are forgetting such important thing as earning money. It is not enough to teach how to deposit, invest or spend digital and physical money. It is also important to teach children or name examples (as many as possible) how to earn money. Otherwise they will be one sided money users. If a child does not know how money are earned, he will never understand value of money. Not knowing where money come from - that will be a bad start for a child.

[Leahized]

For example an individual that his salary is barely enough to even fend for him and his family.  They struggle  to manage their earnings to the end of the month living in a circle of depts and no food for some periods.for  those kind of households its very difficult for them to save.

It totally depends on a country and economy. Where a person has the opportunity to do multiple jobs, he can easily save money. But in most states, money is paid much less than hard work. However if one has a strong desire to invest, then one can invest at any price. I think a family's expenses are not the same all the time. Sometimes the savings can be made by spending much less. If there are people in the same situation as you say, Even if he has multiple skills, the effort will increase a lot. Maybe it's too painful.

[boyptc]

Teach them how to deposit money in the bank, digital or physical and that will carve in their minds that saving is a normal activity of adults.

The other kids that aren't taught by their parents how to save money are usually the ones that struggle in their finances as early as they can be.

While not all of them are becoming bad with finances but, if these kids had a bad start. That becomes a disadvantage of them as they grow.

You are forgetting such important thing as earning money. It is not enough to teach how to deposit, invest or spend digital and physical money. It is also important to teach children or name examples (as many as possible) how to earn money. Otherwise they will be one sided money users. If a child does not know how money are earned, he will never understand value of money. Not knowing where money come from - that will be a bad start for a child.

You're right but remember, they're still kids and they don't earn money. So, as start if they're receiving some money and allowances from their parents.

That's already the training on how they'll be a good saver. And once they grow up and start earning their own money, that discipline they've learned when they are kids of how to save money is going to be part of their lives already.

Every penny they earn will be saved and they understand the hardship that they have put into it so that it won't be put into waste.

It's a process and eventually, they'll learn both of it.

[Juicyhome]

For example an individual that his salary is barely enough to even fend for him and his family.  They struggle  to manage their earnings to the end of the month living in a circle of depts and no food for some periods.for  those kind of households its very difficult for them to save.

That is the reason you have to cut your suit according to your side, family side should be that you can manage with your salary,once you have more children than your earning then your have no reason to complain about savings.

You can't make children that is  above your capacity and complain to me, savings should be our daily target no matter what we earn we must learn how to keep little portion for saving. Savings really help a lot, you won't understand till you try it. Savings should have a target, don't just save,save for a reason, like project or invest, keeping money for so long in Bank without using it is not a wise savings. Once you meet your saving target you it to invest in business to generate more money.

[Ab de villiers]

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

Yes, you are highlighting a very important fact. Saving strategies and awareness of profitable assets should be taught from a very early age, ideally at the school level. Children are used to be active on social media all the time they have lot of information on general issues. Today children are already well aware of technology including gaming and AI, so they can understand financial concepts more effectively than previous generations. If we succeed in cultivating this mindset in them early on, the future generation will be financially secure and stronger, as compare to us.They will be better able to assess which assets are likely to perform well in the future.

[Grace333]

As for explaining this to kids, I think the easiest way is through simple examples, not theory. Teach them that money is a tool, not something to hoard or burn. Show them how saving without investing loses value, and how patience and good decisions compound over time.

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

Yes, before talking about investing or even Bitcoin, children should me made to understand saving first. If you do not save, you are really not safe because there is nothing to fall back on.

Once you have set that foundation of saving, then introducing investing will now make more sense to them.  Investment and Bitcoin especially should not be known to them as something they can get returns from quickly, they should be told from the onset that it is for storing value and building wealth. Since schools are not teaching these things yet, it good for the parents and guardians to teach them.

[Unknown Op]

Teach them how to deposit money in the bank, digital or physical and that will carve in their minds that saving is a normal activity of adults.

The other kids that aren't taught by their parents how to save money are usually the ones that struggle in their finances as early as they can be.

While not all of them are becoming bad with finances but, if these kids had a bad start. That becomes a disadvantage of them as they grow.

You are forgetting such important thing as earning money. It is not enough to teach how to deposit, invest or spend digital and physical money. It is also important to teach children or name examples (as many as possible) how to earn money. Otherwise they will be one sided money users. If a child does not know how money are earned, he will never understand value of money. Not knowing where money come from - that will be a bad start for a child.

You're right but remember, they're still kids and they don't earn money. So, as start if they're receiving some money and allowances from their parents.

That's already the training on how they'll be a good saver. And once they grow up and start earning their own money, that discipline they've learned when they are kids of how to save money is going to be part of their lives already.

Every penny they earn will be saved and they understand the hardship that they have put into it so that it won't be put into waste.

It's a process and eventually, they'll learn both of it.

Saving is crucial for all people and it should be start from early life because if children will start saving in that early age then they will be successful in young age and if they will save in the young age then they will rich in the old age when they have no energy to enjoy the facility of life and they have no power in their knee and they are able to stand straight because they spent their all money and got nothing in young age because saving was best option for them and now they have no money but they have no desire to enjoy. So I think if a child want to be successful person in Young age then he should start business as he can start a tea shop and after there will be big restaurant because these small business will be big with time .

[Mame89]

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

But ideally the first step in teaching children is financial literacy from an early age before introducing Bitcoin. Introducing Bitcoin too quickly to children won't help them understand it. Therefore the most important thing parents must teach their children is financial literacy especially since detailed financial literacy is rarely taught in elementary schools. Financial literacy doesn't have to be complicated. Teaching children to save from an early age by providing real-life examples is far better for their development because they easily absorb it. For example if they want to buy a toy, they must save to achieve their goal, teaching them the difference between needs and wants.

Equally important always appreciate them when they learn the value of money and when they succeed in saving and build this habit into adulthood. Furthermore you should also teach your children to set aside some of their pocket money, rather than spending it all. This is a simple step but it will have a positive impact on children's financial management development.

[Ocham]

When I was 9 years old, I had two fathers…
When I was 9, I had two fathers. One had a PhD, a government job, and earned a six-figure monthly salary—but spent his entire life drowning in debt.The other had only passed 8th grade, had no degree—yet retired at the age of 47 with full financial freedom. One used to say, “Study hard, get a good job.” The other used to say, “Don’t work for money. Learn how to make money work for you.” Everything I am today, everything I understand about money, I learned from that second father. And today, I’m holding that same book—the one that millions have read and used to escape job slavery and become their own boss. A book that, once you read it, you’ll never chase money again… Money will start chasing you. Many people, after reading this book: Created passive income for the first time Understood why the poor stay poor And why the rich keep getting richer

So tell me
° Are you still searching for a “good job”?
° Or do you want to learn the secret of becoming rich?

[Smack That Ace]

Saving is quite important, and even for people who want to invest, saving is the first step that they should not miss, because when they have savings, it means they have funds that can be used when they need something, so they will not disturb their investment portfolio and keep it separate from their needs.

If someone spends all their savings on investments and doesn't have any money left, then what will happen is that when they face an urgent need, they will have no choice but to withdraw funds from their investments, that will be a mistake, especially if their investment position is at a loss.

Saving is not only important but can also be considered the fundamental basis of any financial plan. We will not be able to implement any plans, whether in investment or business, without saving money. Or without saving, all plans become meaningless because even a small event in life can put us in a vulnerable position.

But from my observation, many people do not fully understand the importance of saving, and perhap because they haven't experienced serious hardships in life. I was surprised to see so many people focusing solely on investing, even advising other to allocate the majority of their money to investment and only a small portion to saving. They did not realize that even a small setback could force them to sell off their entire investment.

[WhoYouCantKill]

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

I agree teaching the kids early about investment and how to handle money is a good idea so that at the very young age they no what to do with their money and not just spend everything without thinking. It makes them knowledgeable as they will grow they will realize that learning it at a very young age gives  them strong foundation on their financial decisions.

Some parents thinks they teach kids only by telling or talking to them, but in reality, kids learn faster through the things they see than with what they hear. You can’t be living a luxurious and extravagant lifestyle and keep telling them not to do the same thing, you’ll fail woefully because they’ll mostly not listen to you. Show your kids what you want them to learn, so the teaching starts from what you’re doing and then to what you’re saying, and this is often where a lot of parents miss it.

[boyptc]

You're right but remember, they're still kids and they don't earn money. So, as start if they're receiving some money and allowances from their parents.

That's already the training on how they'll be a good saver. And once they grow up and start earning their own money, that discipline they've learned when they are kids of how to save money is going to be part of their lives already.

Every penny they earn will be saved and they understand the hardship that they have put into it so that it won't be put into waste.

It's a process and eventually, they'll learn both of it.

Saving is crucial for all people and it should be start from early life because if children will start saving in that early age then they will be successful in young age and if they will save in the young age then they will rich in the old age when they have no energy to enjoy the facility of life and they have no power in their knee and they are able to stand straight because they spent their all money and got nothing in young age because saving was best option for them and now they have no money but they have no desire to enjoy. So I think if a child want to be successful person in Young age then he should start business as he can start a tea shop and after there will be big restaurant because these small business will be big with time .

Yes, kids should learn it while they're young. Because they're already grown up and didn't practice the principle of saving, they're going to have a huge problem when they grow older.

Practicing while they're young is teaching them the principle of giving importance to the money that they have.

But there will be parents that won't bother teaching them that because they want to enjoy their youth. Both have a good point but it's not bothersome to teach them a skill that they can keep forever.

[GIF-JOBS]

As for explaining this to kids, I think the easiest way is through simple examples, not theory. Teach them that money is a tool, not something to hoard or burn. Show them how saving without investing loses value, and how patience and good decisions compound over time.

I also think that children should be taught from the very beginning how to be investors. However, they should be given the right idea that it will be more beneficial to save some wealth for security in the future. And I think that children should be given the right idea about Bitcoin when they are taught economic subjects in education system. Although these things are not discussed in school. It is our responsibility to discuss these issues with our children who are growing up, how Bitcoin works, and how it will impact them in the future.

Yes, before talking about investing or even Bitcoin, children should me made to understand saving first. If you do not save, you are really not safe because there is nothing to fall back on.

Once you have set that foundation of saving, then introducing investing will now make more sense to them.  Investment and Bitcoin especially should not be known to them as something they can get returns from quickly, they should be told from the onset that it is for storing value and building wealth. Since schools are not teaching these things yet, it good for the parents and guardians to teach them.

They must be taught the mentality of saving, proper financial management, and they must be made to understand that they should avoid unnecessary expenses. Once they have learned proper financial management, they should then be taken forward in any investment. When we start explaining everything to them about Bitcoin, we must first explain to them about the risks of Bitcoin, How to invest so that the chances of success are in our favor, and how if we invest, we will definitely suffer losses, we need to give them fully understand the concepts in this regard. We must prepare them completely with proper ideas so that they do not make any wrong decisions while investing. We should teach them these things in time, not in a hurry, but rather explain everything from beginning to end gradually and deeply, as a result of which they will become more mature.