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Tweens and Teens
Reply to "Affluent parents -how do you handle money and your kids?"
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[quote=Anonymous]I have a good friend that is a self-made multimillionaire. He has one child who is now 17. The child got a job at a car wash when he was 16 and saved up to pay for 25% of his car (which was 5 years old). He has continued to work to pay for gas and outings with friends (dinner, movies, sports tickets). He is expected to work part time in college to continue paying for his fun stuff. His dad taught him how to save and has helped him learn about investing. [/quote]
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