Quote from: mirakal on August 04, 2024, 09:36:30 PM

Having a financial boot camp is actually a good idea but only to those who are ready enough to absorb all the ideas and information. If we are dealing here with a child below than 7-year old, that would never work for him. Instead, giving him the freedom to do what he want and guide him all the way, that would mean a lot to him and discover new things on his own, but not in the aspect of finances because children at that age will never be interested in that kind of topic.

Financial literacy is a must, but it should only be introduced to those kids who can understand already the value of money, and not on kids that their life is only focused on playing games.

As a kid, I think they are not ready for this, so assistance from us is needed if we are also serious about this matter. If it was only our kids that we want to teach about financial matters, then I think a financial boot camp is not necessary anymore. It can only be a waste of time and money. It's alarming if the kid is only focused on playing games. Even not learning more about finances but what about their studies? This should be corrected even though the parents did already a mistake there for raising a kid like this.

Quote from: Casdinyard on August 04, 2024, 11:38:01 PM

I think this is some of the instances where "start them young" isn't gonna work as you think it would. Like of course it's great to teach kids how money and finance works while their brains are developing but as time goes by, it's much more important and urgent to teach stuff like this when they finally feel the gravity of just how important money is on a large scale. Kids wouldn't have a single clue of just how important money is, most of them wouldn't even understand how money is made and why it holds value, better to teach things like this to them when they are more ready to receive such knowledge so to speak.

Again, don't think it's inherently wrong but at the end of the day we're all for making sure the kids learn in the best way possible, especially for stuff like this, and what better way than to make sure they are able to absorb the knowledge, right?

You said ' once they feel it ' . I think this means that they are already mature enough or on the right age already, so even if we don't teach them, they can just do it on their own. They can still think that they are late already for this or have wasted some time and worse they might put the blame to us their parents, therefore it's always better to teach them at the young age. When learning stuffs, even though knowing their origin seems essential but some of them may not really be necessary. To know how to use them can be enough for a while. Many of us are not kids anymore but I bet that many are still clueless on how money is made but they don't feel any difficulties in regards to its use cases.