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Kids & Money Lesson 2: The Value of Opportunity Cost

We are all rational creatures – it’s what separates us from the rest of the animal kingdom. That is until you throw money into a situation. Then rationality can often take a backseat to emotion. That’s exactly our concern as parents when teaching our kids about money. So what do we do about it? Well, […]

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Kids & Money Lesson 1: Defining Rich as “Breathing Room”

If you asked your children to define the word rich, what do you think they would say? What’s surprising is that their answer, at its core, would be largely the same at any age including most adults, “Rich is the accumulation of stuff.” The child may say, “lots of toys” or “mounds of candy” or […]

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