if you leave cryptocurrency to your child, then it is necessary. even if not, you need to teach it to your child for educational purposes. however we never know how the potential of a child can take advantage of current technological developments.
if he was old enough to understand this kind of thing, it wouldn't hurt to teach it. many benefits for him and his development. those assets may also be able to help him in the next few years. In addition, some news that I have received have reported that many children have learned to do mining, and have income. Well, I think his parents are an important support in this regard. however, if he is still too young, maybe your wife can be the target of further education, it can make him teach your child one day.
Topic: The economy is important for a family! - page 3. (Read 833 times)
Of course, the economy is very important for families, without economic knowledge, we cannot manage money well, and the most important thing in the economy is to always think how we can earn big and reduce expenses, especially during a pandemic like now which makes many businesses die so that we have to be more creative.
Having a sound economic knowledge can really be helpful to families. And one of the ways we can be creative is by having several sources of income and not just relying on one. We need to teach children that they shouldn’t only rely on one thing, it is good to try out other things as well and make sure that they keep growing.For someone who keeps relying on one source, one thing for sure is that they might end up in a situation whereby they lose whatever source of income that they have and that would lead to them not having anything and eventually going broke. So it is good to build several sources of income and even if anything should happen, you would still have something to rely on and keep on moving and growing.
In its role towards society, the family is an important economic actor that should be supported in the same way that corporations are. The areas in which a family operates are important not only from a social but also from an economic standpoint. A family, like any other business, operates through organization, professionalism, and efficiency. Family members conduct their family activities for free, resulting in numerous positive externalities for their members and society as a whole. As a result, a family can be classified as an economic entity, and its function is unique and necessary to achieve the common good in constitutionally significant areas. Stronger families do more than simply consume goods and services.
As a parent, please teach him the best which will help him take care of his life in future. Yes anything that will support him is fine. Yes crpto coin is going to be playing a vital role when he grows big. Teaching him the way bitcoin or any other crypto currency can be earned, is going to support him a lot in his future. Yes I am sure it would will. Kindly teach as much as you can
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.
I started handing over some crypto finances to my wife last year and showed her how to use a wallet to store these funds, life obviously no one knows what will happen. Crypto has no fixed inheritance and obviously we need to prepare for situations to ensure economic, spending, living for our family and children in the future - it's an important part of a family. . Most of us decide to invest in bitcoin with large sums of money because of the need to build an anti-inflation plan. 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 
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.
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
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.
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.Life is uncertain, and we really don't know what could happen in the future. It's best to be prepared.
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.
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
. But, his intentions were good. 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.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.
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.
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.
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.
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.
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.
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.
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.As a parent I want to give my best.
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.Life is uncertain, and we really don't know what could happen in the future. It's best to be prepared.
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.
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.
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.
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.
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.
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.
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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