207. Off the record #12: Why My Husband And I Pay Our Kid To Learn

Choosing to compensate children based on creating value and learning new skills is an interesting approach to teaching financial literacy and responsibility at a young age. It can instill important life principles around the connection between effort, contribution, and reward.

In today's podcast, I will share how my family changed our kids' allowance. Now, instead of giving a weekly allowance, the children earn money for completing special projects or studying personal development content. The aim is to instill a strong work ethic and growth mindset from an early age.

Key Takeaways from the Episode:
1. Tying compensation to value creation and learning, not just chores
2. Paying kids to complete special projects that save parents time or money
3. Encouraging personal growth by compensating self-development activities
4. Instilling an entrepreneurial mindset of working hard to earn income
5. Using modern apps and tools to teach financial literacy to tech-savvy kids

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