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That makes a lot of sense. Especially for younger kids. Though I wonder if, at a certain point, the loss of financial knowledge is worth the tradeoff.

Probably not worth the trade off, however, I think that financial knowledge can be passed on while always stressing humility & not advertising what you make or how much you have.

That being said, I also think that a lot of people are stuck in a bit of a vicious circle. These same people know they don't have a lot of financial knowledge, but they also don't know who to ask or how to ask primarily because no one around them would talk about money or finances.

I had this problem. My parents never talked to me about how much things cost. I had a rude awakening when I learned how much basic rent was, even more so when I learned what my rent was when I was a kid.

My kids will know how much their stuff costs, and they will earn their luxuries.

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