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How to Teach Kids About Money (And Wealth) With Maya Corbic

The Personal Finance Podcast

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Teaching Kids About Money and Compound Interest

In this chapter, they discuss the importance of teaching kids about money early on to avoid financial problems in adulthood. They also talk about the concept of compounding and offer fun ways to teach it to children. They mention the example of choosing between $3 million now or a penny that doubles every day for 30 days to demonstrate the power of compound interest.

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