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Topic: The economy is important for a family! - page 7. (Read 833 times)

legendary
Activity: 2072
Merit: 4265
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March 14, 2022, 06:58:58 AM
#24
Today's life tells us that the responsibility of parents is not only that we must feed and clothe our children, but it is also worth remembering that we must prepare them for how to properly manage finances. A child from the age of twelve can easily begin to study crypto-investments, and all financial issues, of course, in a presentation that will be clear to him for his age. We always give children some pocket money for their necessary expenses. If you can get them interested in putting a few coins aside, to show by example how investments can be used, I think children can gradually correctly realize the usefulness of these actions for their future life.
full member
Activity: 1386
Merit: 101
ComboLabs
March 14, 2022, 05:36:11 AM
#23
People is having different perspectives and different function and method of education, which i believe that they can extend cryptocurrency education to their families or offsprings, educating offsprings cryptocurrency is good ideas in this era, because bitcoin had taken over the shape of the societies and i believe in ten years time every average citizens worldwide will be acclimatized with cryptocurrency adoptions, and from my way of understanding i will call it a future build up to the offspring.  
Yes technology will continue to evolve with time and I'm sure the same will happen to cryptocurrencies,
so I think it's a decision by educating every family about cryptocurrency,
making such a decision is certainly not without reason because it is to prepare for the future later
sr. member
Activity: 1638
Merit: 300
March 14, 2022, 03:13:33 AM
#22
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.
legendary
Activity: 3234
Merit: 1214
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March 13, 2022, 11:55:08 PM
#21
Education has the ability to change the life of a human. Economy of a family is important, when the economy of a country gets disturbed automatically we can experience the impact on the family expenses. In specific when there is increase in the oil price, then entire economy and budget gets disturbed.

Educating at the right time will let everyone have freedom of economics and prepare to face the worst scenario, if something happens unexpected. In my view crypto investment is good for the future, and to educate kids about cryptocurrencies can be done on their interest than by compulsion.
legendary
Activity: 1456
Merit: 1108
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March 13, 2022, 09:59:27 PM
#20
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.
full member
Activity: 378
Merit: 167
betfury
March 13, 2022, 09:52:58 PM
#19
education is important for children primarily for morals and daily application, moreover than education you mean if you really like it, try when they are 18+ it may be possible (can be responsible for all risks), to maintain and continue if it counts it's inheritance. let your child look for himself with the interests he has especially an investment, I'm also married and have children 1. indeed the economy is important for all needs.
Funds for old age and asset funds for death are also needed. I agree with you there is no parent who doesn't want their child to be happy. But there is still a lot of knowledge, especially since everyone doesn't have the same knowledge, some like farming, trade, and all work together. want to teach their children and hope to be free from financial difficulties in the future
newbie
Activity: 28
Merit: 15
March 13, 2022, 09:48:30 PM
#18
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.


In this 21 century it is very good you enlightened your kids about crypto investment, your kids needs to be moving with the changing world.
Giving your kids crypto education will help them have financial freedom tomorrow . Let's assume for a example that your kid already had a knowledge about crypto in 2016 and heard about BNB when it was trading under $20 . assuming he buys one BNB every month and decides to huddle for 10 years, Now do the math and you will realize how much your kid would have already made by now.
hero member
Activity: 1498
Merit: 711
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March 13, 2022, 08:23:41 PM
#17
People is having different perspectives and different function and method of education, which i believe that they can extend cryptocurrency education to their families or offsprings, educating offsprings cryptocurrency is good ideas in this era, because bitcoin had taken over the shape of the societies and i believe in ten years time every average citizens worldwide will be acclimatized with cryptocurrency adoptions, and from my way of understanding i will call it a future build up to the offspring.  
copper member
Activity: 2170
Merit: 1822
Top Crypto Casino
March 13, 2022, 08:20:23 PM
#16
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.
sr. member
Activity: 2422
Merit: 357
March 13, 2022, 06:15:57 PM
#15
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.
hero member
Activity: 2842
Merit: 772
March 13, 2022, 06:10:18 PM
#14
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.

Of course, even prior to getting married, as what our parents have advise us, be prepared before having a family because it is going to be a long journey. So it is important that you have a stable job, or some money in the side and have a savings. And with that said, I think crypto or bitcoin is a good alternative to put your money and accumulate and save overtime. I'm not really sure though what you mean by crypto investment education. Maybe you can just give your children some crypto and let them learn by themselves.
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
March 13, 2022, 04:57:39 PM
#13
Leaving wealth in Crypto that is meant for someone's next of kin it is not as easy as the Fiat or properties style of doing the latter has a third party involvement and can act on directives even after his client death, buy Crypto no third party the whole decision is taking be the holder and only him can decide to pass down the password and seed phrase. So before you do such thing make sure you have made all arrangements so it can be successfully passed down and we don't have another Crypto locked away for life.
jr. member
Activity: 118
Merit: 1
March 13, 2022, 04:52:57 PM
#12
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?
.
You should always keep an emergency fund in case things like this happens.something like 10% or 20% of your income goes to that fund so when the shit storm eventually hits you will be better prepared
hero member
Activity: 3080
Merit: 603
March 13, 2022, 04:49:45 PM
#11
It is a good idea to show kids how cryptocurrency works and get them educated in blockchain technology either through schools. This area is still fresh for learning and development. And depending on their age, we can show also investment not only on cryptocurrency but how to make wealth. If we want to invest on behalf of our kids, I suggest top rated coins starting from bitcoin.
This is becoming these days that kids have been taught about on how to become wealthy whilst they're at their young age. Teaching them about cryptocurrencies and blockchain is a good head start while they are learning other things from school.
Since curriculum for the younger ones doesn't include cryptos and blockchain, that's an additional learning from them and you have the purpose of doing so. It's actually recommendable to those people that have their kids at the right age to learn more about technology.
full member
Activity: 2128
Merit: 180
March 13, 2022, 04:49:01 PM
#10
Teaching them cryptocurrency might not necessary but you already see how this market works and I’m sure you probably know that this is way better than stocks and any other investment so teaching them might be more worth it.

We can’t control the economy, and the only way to survive is to have a financial freedom which you can teach to your family on how they can save money and where to invest. Its good that you already thinking about this one, I wish your family well and do your best to guide them so they can achieve financial freedom.
full member
Activity: 1303
Merit: 128
March 13, 2022, 04:45:22 PM
#9
Teach them how to use cryptocurrency and how it works as early as possible, we are not permanent in this world and we really want to give good legacy to our family and enough money so they can still live a better life even without us, I understand the fear of losing someone so better to always be ready. Economy is one thing, more importantly give good financial advices to your family, give financial literacy so when the time comes, they can survive.
member
Activity: 1358
Merit: 81
March 13, 2022, 04:38:32 PM
#8
If we educate our children with a vision of the future they will be better prepared. A crypto education is not bad, on the contrary, there are nations that are already including it in the curricula of studies.

Bitcoin and blockchain are in their infancy and the technology is advancing as we use it to meet our needs. But a crypto investment education for children I think is premature but it is happening in some places where parents are teaching their children to invest in cryptocurrencies.

https://www.financialexpress.com/money/childrens-day-2021-how-to-introduce-your-child-to-the-world-of-cryptocurrencies/2368542/
sr. member
Activity: 2366
Merit: 332
March 13, 2022, 04:17:10 PM
#7
It is a good idea to show kids how cryptocurrency works and get them educated in blockchain technology either through schools. This area is still fresh for learning and development. And depending on their age, we can show also investment not only on cryptocurrency but how to make wealth. If we want to invest on behalf of our kids, I suggest top rated coins starting from bitcoin.
hero member
Activity: 2884
Merit: 579
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March 13, 2022, 03:07:12 PM
#6
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?
Yes, it is a must but depending on how old our children are.

If they're at the right age and can understand things already like 7 or more than that, I think that's enough age to teach them about crypto. But if not, you can teach your wife about it.

And while you're thinking about cryptocurrencies, you protect yourselves with life and health insurances.
legendary
Activity: 2338
Merit: 1023
DGbet.fun - Crypto Sportsbook
March 13, 2022, 02:35:33 PM
#5
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.
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