Talking about teaching financial intelligence to children, what do you think is the best practice to enforce this as a parent,
Scenario 1
Giving them enough money at a young age to see how well they will manage it.
Scenario 2
Not giving them enough money, so they can work for their own money.
Put these conditions in mind,
In the first scenario, it is a close condition where the parent intends to teach the child early how to manage money, and in the second scenario, the parent wants the child to learn from their own experience.
I will share my story, and how my father raised me. I didn't struggle for things growing up, but my father was no daddy warbucks handing out cash like water. He taught me about every single important aspect of life, provided what I needed, spoiled me more than most kids get spoiled, but nothing crazy. One thing he taught me about very early on, 10-12 years old, was the stock market. Asked me if I could "own" a piece of any company, what company would I choose? I replied, "Nike". So he bought a few shares, and the prospectus arrived a week or so later...and my teachings of the stock market and finances in general began. I remember thinking "this is the most fascinating coolest shit ever, but I just can't quite understand how it work, I probably never will". decades later my trade is being a financial advisor lol. I was given a lot, but I also worked hard and made a good life for myself despite never needing for anything growing up, because my dad instilled important traits in me.