Originally Posted by youbet
Soooo..... does she just sense that you make a good living? Or did you share financial information? You know, actually show her the add up of your total net worth, your check stubs, etc.
I think most have agreed it's good to discuss finances in general with the kiddies, but OP wants to know if we share our detailed salary and net worth information.
The intent is to show net worth, income levels, consumption levels, investment details, education fund details, etc.. when she is ready to comprehend these things (she's only 9 right now). She knows we make high incomes BUT spend cautiously. We're teaching her the basics of equity investments on top of compounding interest.
So we're easing her in as she becomes more mature and able to better comprehend. In our neighborhood, its way too easy to become a spoiled brat so we're doing our best to instill down to earth values. We're happy at how she's responding.