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Don't give your kids an allowance. Pay them interest instead. I made a system that naturally instills the power of compounding and makes them understand money. I've used it for many years. Here's a thread on how it works, my downloadable worksheet, and the... See more

Forget giving kids an allowance. Pay your kids interest instead. I'll share the system I used to engrain the power of compounding and business acumen into my kids. Here's how it works and the results: