Tag: teach personal finance

3.0 Earning Income – How We Create Value Through Our Labor

3.0 Earning Income – How We Create Value Through Our Labor

Young children have a very limited understanding of income. From birth children have wants. They innately understand that their wants are greater than what is available in the world. And they understand that their wants are satisfied by their parents. So a child’s view is very simple: Want=get. If they want food, parents provide. If …