Lewis Howes argues kids need to learn earning before saving or investing. He says fixed allowances and debit cards don't work because the money isn't truly theirs. Schools skip teaching kids how to earn, which he sees as the root of youth financial illiteracy.
Here's the whole point. Unless you earn as a kid, okay, this is why schools fail this. You can't homework money. We were talking about this before. Unless you earn it by creating value first, you'll never be able to learn how to save or invest or spend or share. But parents give their kids 10 bucks to go put it to the giving thing, church or whatever. They don't learn it that way. Kids give them an allowance and say, here's your debit card, whatever, chase for kids or green, like that doesn't work. they're just spending your money. It's not their money. They won't learn delayed gratification to save and invest if you're just giving them stuff. So this is why we start with value creation first.
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