The economy is important for a family! - page 6.

kaya11

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Quote from: AnisahSiti on March 13, 2022, 01:11:54 PM

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.

You should give her the knowledge, the same you teach her the alphabets when she was just a toddler. Now we might be leaving the world soon, do not fear death, we all are going there. Accept it and before you are gone, teach your kid about good things, good manners. It isn't appropriate that she knows about economy and stuffs but she lacks respects. Now crypto is a good investment, I know someone who bought his kids bitcoins for their life savings as he called them. He teaches them to trade and to take responsibility. They are good investments, the kid and crypto currencies.

rat03gopoh

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Sorry in advance, how can you ensure that you're gonna teach your childs crypto investing lessons properly at least pointing them to the basics?
If this lesson is considered important in the future and is a challenge, they'll learn it all without your direction. The thing you need to remember, crypto investment isn't guaranteed to be profitable. There are several areas in crypto that can be studied and guaranteed to make more than just an investment, such as coding, marketing etc.

Cling18

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Quote from: AnisahSiti on March 13, 2022, 01:11:54 PM

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.

Since we're now on the modern days where cryptocurrency is continuously developing and evolving, I believe that it's a good idea to provide crypto education for our children or we could do it ourselves by enlightening them the importance of cryptocurrency and how it could function for the betterment of the economy in the future. Our economy isn't in a good shape right now and we don't know the possible things that could happen in the coming days so planning for our kid's future through crypto would be a wise move.

merchantofzeny

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Quote from: gabbie2010 on March 14, 2022, 04:03:02 PM

Quote from: merchantofzeny on March 14, 2022, 11:14:24 AM

Teach not just your children but your wife as well, on how to use crypto, so that if something should happen to you they got additional fallback. By including your family in learning crypto, they gain a certain advantage since they'd grow knowing an additional monetary system.

Once I am able to earn profit consistently in trading journey, my next line of move is to teach my wife crypto trading such that both of us can trade separately and have something to fall back on, moreso we plan to operate a single wallet where all our profits is transfer to, it's a very good idea to reveal whatever stuffs we are engage in to our relative especially a wife, if the children are not grown up, it's so important because of the anonymous way of dealing with cryptos, many crypto investors has huge funds in their respective wallets thus it becomes necessary to let a close relative be aware of.

Is having a single wallet for both of you a good idea? Or is this only the wallet you are allowing her to access. I still think it's better if you both have separate wallets for storage and then just have accessible from the passphrase in a safe should something happen to either of you. I suppose the common wallet is where you'll draw funds to convert to fiat for day-to-day expenses?

Semar Mesem

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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.

Sebas.tian

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Quote

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.

Yes, is very necessary to create crypto investment for
your children because the young shall grow. And your children will like to enjoy your crypto investment when you pass out from this earth which they will really value your crypto investment than your estate investment.
Educating your children on decentralized currency is a good gift a father can give to his children by telling them about crypto rules and regulations. Impacting them all the crypto strategies investors use to buy coins and hold for the price to increase higher before they can sell to make a good profit.

Flexystar

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Please definitely do that and they will be thankful to you when they grow old. With their age crypto will rise all the time. It’s not about the value I’m talking about but also the way it will accepted in the future to come. At the current rate of development we will have starlinks available throughout the world and I’m suspecting it might just go beyond earth to.

Not being sci-fi but imagine the unit value it will add up to the crypto! Your girl will able to survive with lavish life up ahead if you invest on behalf of her today and let her invest when she becomes the understanding age.

This will set her for life. For sure.

Reid

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IMHO, he/she will learn it eventually. It's in the trend and maybe it will grow even upon our death.
But, if you insist on giving the child to start with then, you could. As long as it's on the level that they can understand. Me? I don't teach my children, not yet. But I do have a high hope that they will bump into it someday and maybe ask me and explain it a little or they can learn it themselves.
Because I think now, even at how much you try to explain it they won't have that delight to listen. It's like politics of our old man back then. We don't really listen. Cheesy

sana54210

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Quote from: FlightyPouch on March 14, 2022, 03:13:33 AM

Depending on how old your daughter is you can give her concepts to understand what cryptocurrencies are but if you want a crypto investment for your daughter, you should also remember that there are risks doing that, it is not a 100% solution although it could give you profit.

It is awesome that you are thinking for your daughter's future but for now, it is better to have a stable income for you and your family to have some savings, death is one reason to be worried but there are times that it is not actually worst than that but it is expensive like diseases. Better earn and save what you can right now and as they usually say, invest what you can afford to lose.

Your daughter's future won't depend on how much investment you have for her, it will depend on how well you will raise her, remember that.

This is something that I advocated for a long time. If you are doing something that is financial education like for your children then you will have kids that will grow up to understand how economy works. If you do not do any of that, then they will grow up to realize what money means after a very long time.

When people understand the value of money after 18+ years old, that is usually not a great way to make money or understand it enough to start making money. All those rich people that come from rich parents managed to make a lot of money because they got help from their parents but also they understood what money meant and were educated about it.

Mauser

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I agree with you, a good economy is very important for the people and families living in a country. A stagnant or declining economy is very bad and will likely result in political unrest and protests, demanding change and probably a change in power. The whole capitalism in the west is designed around the idea of growth. The inflation target is around 2%, which means that if the economy is not growing at a similar rate than the people are losing purchasing power. That's also why wages need to rise. It's very similar to the stock market, investors expect a rise in prices or dividends each year. If the price doesn't change for a few months something is wrong, investors lose confidence and prices will eventually fall. A large part of the investor sentiment is a projection of the future growth. It's very important for the government to start investing in the own country if growth is slowing down.

YOSHIE

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Quote from: AnisahSiti on March 13, 2022, 01:11:54 PM

do we need to provide crypto investment education to our children? is it necessary?

I want to hear your opinion guys.

You have a professional mind and are responsible for your family, children, wife etc, what you want to do is a good concept and idea, introduce crypto to your child from an early age, it will help you in managing the economy well in the future.

Many are already doing the same concept as you would introduce crypto to their children, which is a good thing if you want to do it.

mamesso

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How old is your child now?
It's natural for you to worry about the future of your children when something unexpected happens. Because A husband certainly wants the best for his family,

If your child is not yet an adult, School is the earliest level of education for children, lets your child makes his own decisions and pursues his goals. Do not put too much pressure on your child to follow your wishes, because there are so many negative impacts that can happen to children, such as depression, health problems and lack of confidence.
You can give a crypto investment education to your children, but if your child is an adult.

gabbie2010

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Quote from: merchantofzeny on March 14, 2022, 11:14:24 AM

Teach not just your children but your wife as well, on how to use crypto, so that if something should happen to you they got additional fallback. By including your family in learning crypto, they gain a certain advantage since they'd grow knowing an additional monetary system.

Once I am able to earn profit consistently in trading journey, my next line of move is to teach my wife crypto trading such that both of us can trade separately and have something to fall back on, moreso we plan to operate a single wallet where all our profits is transfer to, it's a very good idea to reveal whatever stuffs we are engage in to our relative especially a wife, if the children are not grown up, it's so important because of the anonymous way of dealing with cryptos, many crypto investors has huge funds in their respective wallets thus it becomes necessary to let a close relative be aware of.

merchantofzeny

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Teach not just your children but your wife as well, on how to use crypto, so that if something should happen to you they got additional fallback. By including your family in learning crypto, they gain a certain advantage since they'd grow knowing an additional monetary system.

Gozie51

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The mistake that the parents have done in the past is that they didn't carry their families along and when they are no more the family suffer great lose in their absence while they are suppose to fall back on his achievement but because he was too secretive about letting the children to know what they had. Is better to die giving a will of the cryptocurrency you have and in fact teaching the grown up kids about crypto business, everything they know and including preferable exchanges. It is better that children learn these kind of things from the home because they can ask questions freely without no fear.

bitzizzix

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If your daughter is old enough and can understand what you're talking about, it's a good idea to teach her or introduce her to investing. And if you invest in crypto and you're an expert at it too, there's nothing wrong with educating your kids about crypto from an early age and that's great.
a father works and makes money for the family we love, and I also besides having income from real work I am also involved in this industry because relying on income from work alone is not enough to be able to make the family we love happy.
because my child is still very small I can't introduce crypto yet and when my child is old enough I will give lessons about crypto to my child and I will also tell you that from my child in the womb to giving birth and growing crypto has helped me a lot in financial issues including the cost of giving birth, and the story will probably make my son think well of crypto to be motivated and inspired as there is evidence.
and I also really hope that when I die my son will be a better generation of mine and get many benefits that make him live happily from crypto.

Renampun

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Quote from: AnisahSiti on March 13, 2022, 01:11:54 PM

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 am also like you and have 2 children (1 boy and 1 girl)...

I'm certainly worried about my children's future, moreover, I don't have a lot of assets that can be passed on to them, so I intend when they are 14 or 15 years old to introduce them to the world of the internet, especially cryptocurrency. We don't know when we will die, so education is the best inheritance for children. Don't hesitate to introduce your child to the world of crypto.

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Quote from: AnisahSiti on March 13, 2022, 01:11:54 PM

I am married and have 1 daughter.

Congrats! I hope you will accept Bitcoin as her bride price 🤔

Quote

As a parent I want to give my best.

Parents always want the best for their children, except those who are deranged or something. However, what you think it's best for the kids may not be what they also consider as best. Except you bequeath your children what is universal – Education, when time and phases retire from the present scene they might think you didn't do anything meaningful for them. Beyond exposing them to an inheritance of cryptocurrency (since we think that's what the world should be all about now. But what happens in future may be different, don't you think so?), giving them qualitative education should be a priority. Again, let me reiterate, your choice of what's best for someone may not be what they think is.

Mometaskers

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If you ever plan to bequeath them a crypto stash then yes, you should educated them about the basics of crypto. Not doing so is like leaving them a rifle without training them how to use it. But first, make sure you've left enough instructions for them to be able to retrieve it. Now knowing what is in store for them, then teach them the rest that they need to know about it.

Obito

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Quote from: goaldigger on March 13, 2022, 06:15:57 PM

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.

If you're not yet in the 1% in your country, I think that it's in your best interest to still worry what's going to happen in your country's economy because a downturn or worse, a collapse can easily drive a well off family into destitution and bankruptcy. The smart thing to do is not just work hard but also make more income streams and invest wisely.

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