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Mel Abraham gave his son Jeremy a commission instead of an allowance starting at age ten. An allowance teaches kids to receive money; a commission teaches them to earn it. Jeremy learned to create value, save, invest, and be generous.
Mel Abraham gave his son Jeremy a commission instead of an allowance starting at age ten. An allowance teaches kids to receive money; a commission teaches them to earn it. Jeremy learned to create value, save, invest, and be generous.
I never gave Jeremy an allowance. I gave him a commission. See, because an allowance teaches you to receive, a commission teaches you to earn. Starting at age 10, he learned to create value, save, invest, be generous. And one of the greatest gifts you can give a child is the understanding of how money actually works. Listen, follow me @melabraham9 on Instagram for a new framework every single week.
