Teaching Kids About Money and Privilege

Efforts are made to instill a connection between money and effort in kids, leading to an understanding of financial responsibility. The older child demonstrates a reluctance to spend, showcasing a conservative approach, which contrasts with the younger child's entrepreneurial endeavors in the sneaker business. The importance of providing experiences that highlight global disparities in wealth is recognized, with planned exposure to environments where privilege is less apparent. Despite being sheltered, the kids show a level of financial awareness, illustrated by their attitudes towards spending and budgeting. The younger child engages actively in entrepreneurial activities, indicating a grasp of concepts like resale value and customer service, while the older child remains cautious and averse to unnecessary spending, suggesting a potential future lifestyle as a professional. Overall, the experience reflects a balanced approach to teaching money management while recognizing the importance of perspective on privilege.