Financial Education for Kids

[Tim Carlson]

Love to hear some innovative ideas for teaching our kids how it all works.

My main two ideas so far are:

1. when they want a decent-sized purchase (say $100ish) outside of bday/xmas, have them read a book along the lines of Millioniare Next Door/RichDadPoorDad and write me a book report

2. gradually pay them to manage my local properties.  Prob start with an hourly rate for doing bookkeeping, gradually work into the physical aspects of mgmt (painting, running an open house, etc)

I'm sure there are all kinds of things I haven't thought of, what are y'all doing? :)