Making him choose between two different cereals helps teach him the concept of 'opportunity cost'
My parents did the best they could to teach me about money, but I still ended up with some debt. I have a 4-year-old son now, and I want to give him the tools he needs to be a good steward of his money in the future. I'm teaching him that money has value, how much things cost, and the concept of"opportunity cost" and making financial choices. Visit Business Insider's homepage for more stories.
My parents did the best they could to teach me about money, but I still ended up with some debt. I have a 4-year-old son now, and I want to give him the tools he needs to be a good steward of his money in the future. I'm teaching him that money has value, how much things cost, and the concept of"opportunity cost" and making financial choices. Visit Business Insider's homepage for more stories.
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