What should we teach kids about money?

This exercise is intended to provide a fun, engaging, interactive session to help teach kids about money.

Not just about how to make a lot of money, but how to have a healthy relationship with money.

In our society, there is a spectrum of extremes in our relationships with money: from getting into a pile of consumer debt; to hoarding every last dime; to chasing money at the peril of our relationships, our integrity and even our own happiness.

What is Money, anyway? It is a man made concept. It doesn’t grow on trees and you won’t find money on the periodic table of elements. (What would that look like anyway: Mo?) It is called currency after the word ‘current’, meaning ‘to flow’. At this point, each kid is given a wad of cash: two (2) five dollar bills and ten (10) one dollar bills

What if you can’t buy back timeThis is a hard concept for kids, because they know they have their whole life ahead of them. The kids are taught that the wage on your paycheck is not your true hourly wage and they are walked through the process of deducting taxes, commuting time and job related costs to figure out a true hourly wage. So, the next time they go buy something, they should consider how much time they will have to spend away from their favorite people and activities to pay it off. And, determine if the loss of their time is worth the value of the product and the long term ‘costs’.

Would you like to make $1,000 per hour? This discussion includes entrepreneurship, residual income, real estate investing, side hustles, and the idea of working toward the goal to stop trading an hour of time for an hour of pay. The concept of building residual income to cover basic expenses is the financial freedom break even point. They are given an activity to think of ways to turn $20 into $40, in just one week.

Would you rather buy the Air Jordan shoes or the Nike stock? This is a discussion about net worth, assets, liability, depreciation, appreciation, ROI and compound interest. Activities included calculations using standard big purchases like homes and cars and comparing it to rental homes, stocks and other investments, while factoring in risk assessments. Most kids here know about the net worth of celebrities, from the tabloids, but rarely from their parents or neighbors.

What are your dreams? It was emphasized to never give up on dreams, passion and purpose. Most successful people have setbacks often before meeting their big goals. Don’t let anyone tell you that your dreams are dumb. They are each given another dollar bill to make ‘money art’. They are to draw and write anything that inspires them and they are to place this inspiration somewhere where they will see it everyday.


People over profit. No exceptions. Lastly, we talked about giving back and how fulfilling it can be. Most people will be more successful if they have a greater purpose than just making more money. Love, community and social connection is as much of a human need as food, water and shelter. Money won’t hug you when you need it. Money is to be respected, people are to be loved. They are given an activity to come up with business ideas for making money, while making meaning.


So, what would you teach kids about money? Please leave ideas and/or links below.


FEAR = False Evidence Appearing Real

“Too many of us are not living our dreams, because we are living our fears.” – Les Brown

Fear is a primal instinct. It keeps us alert and alive. However, in the modern world, our fear instinct can take over and become chronic, interfering with our dreams and goals.

We fear uncertainty, change and criticism, so we play it safe, but deep down we become disatisfied, and sometimes that safety is an illusion.

Most of the successful people in the world, felt the fear and moved forward anyway.

Are you living your fears, or living your dreams?