Have you ever told your kids about needs and wants? When our kids ask for something, we like to distinguish the difference. I think they get it, but that doesn’t always change what they want.
I’m ecstatic to announce my new book! It’s the ultimate guide to everything I’ve been teaching at Freedom Sprout over the last few years. I’ve finally compiled everything into one book: all of the concepts on teaching kids about money and instilling a healthy mindset.
Do you remember the Personal Finance Management class in between Science and Geography when you were in school? I don’t. Because it didn’t exist. It doesn’t exist today.
I’m extremely protective of the content on Freedom Sprout. I carefully research every article and include the sources. High quality content is priority. That’s why I’ve never published a guest post. But today, I am sort of publishing my first guest post.
When I first started Freedom Sprout, I set out to read everything out there on children’s finances. I wanted to see what everyone was teaching, to see what I agreed with, what I didn’t (and why), what seemed like a great idea, and what seemed like nonsense.
Any time you can let someone else take the depreciation, you should. The fact is, wealthy people buy assets, poor people buy liabilities. To go a step further, poor people finance liabilities. If you have to finance it, you can’t afford it. That’s where buying used comes in.