20 Things I Want My Sons to Know About Money


Dear Little I and Little O,

You’re still young – age six and age one to be exact – but there are a few things your Dad and I want you to know about money. These may sound simple, idealistic even. And they may be ideas you do not understand yet. But, they are important.

So here it goes… in no particular order…

20 Things I’d Like You to Know About Money

  1. Money is a tool. It doesn’t buy happiness, but it smooths out the bumps on the road to happiness.
  2. You are not your money, your bank account, your job, or your debt.
  3. Live within your means.
  4. Use credit wisely.
  5. Don’t be afraid to ask for a competitive wage.
  6. Surround yourself with people who view life (and money) the same way as you.
  7. Start saving today. And, always pay yourself first by saving.
  8. Don’t be afraid to try and fail (we’ll do our best to support you).
  9. Don’t confuse money (or things) for love.
  10. Talk openly about money and finances (there’s nothing to be embarrassed about).
  11. What society tells you about money is often wrong. It’s okay to go a different path.
  12. Don’t pay full price if you don’t have to! Even better if you can build it or make it yourself.
  13. Hard work, paired with taking advantage of opportunities, can pay off.
  14. Spending money has a trade off (an opportunity cost).
  15. You’ll have your ups and downs with money. Stay grounded.
  16. Getting rich is not about how much you earn, it’s about how much you save.
  17. Experiences (not things) will bring you happiness.
  18. A successful business doesn’t just sell stuff. A successful business solves a problem.
  19. Everyone pays taxes to the government. The fewer taxes you pay, the more you have to save.
  20. Take the initiative to understand the basics about money, saving, interest, credit, and personal finance. Don’t worry. We’ll help you.


Your Mom

Related – How to Teach Kids About Money – Ideas for Every Age

What do you want to teach your kids about money? What would you add to the list? Leave a reply below!

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