Kids will receive a weekly allowance, with the condition that they invest 50% of it.
It might not be a huge amount, but beginning this practice early will yield significant results over time.
Instilling these habits in children from a young age is crucial.
They will be very well off, financially literate and will appreciate your efforts decades from now.
Absolutely, starting early with financial literacy sets them up for a lifetime of smart decisions. I wish I had that guidance at their age—compounding would’ve worked even longer.
It sounds like a good plan.