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Reply to "How to have truthful age appropriate kid conversations about wealth"
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[quote=Anonymous]Your kid is either being nosy or genuinely interested in finances. I’m assuming the latter. I’d focus more on the financial lessons they need to learn to make good decisions with their own money in the future. You can teach all of that without telling them exactly how much you make. I’d probably give them a several thousand to invest and teach them how to create financial success from it. Buy beginning finance books, magazines, teach them how to read a prospectus, choose funds, etc. Tell them they can see your finances after they make 10 times the starting amount you give them. Large numbers like you deal with probably won’t make much sense to someone trying to learn finances anyways, much easier to start small. [/quote]
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