#53 Howard Marks: Luck, Risk and Avoiding Losers
The Knowledge Project with Shane Parrish
Teach Kids Financial Responsibility and Respect Limits
Parents should teach kids financial responsibility by giving them bills to pay and making them understand the value of money. It is important not to spoil children by providing everything they want just because their friends have it. It is crucial to set limits, say no, and guide them to make responsible decisions. This helps build character and instills the importance of respecting boundaries and making wise choices.
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