Children are not asking for a bank statement when they ask if you are rich. They are trying to understand their place in the world. They are noticing differences between families and trying to make sense of what those differences mean. The question usually comes from one of three places. Sometimes they are comparing themselves to friends. Sometimes they are worried because they overheard you stress about money. Sometimes they genuinely want to understand how your family work

When my daughter was born, I realized something uncomfortable. I could explain complex trading strategies to investors, but I had no idea how to explain where money comes from to a four year old. Most parents feel this way. You know money matters. You want your children to be financially confident. But where do you even start? This made me think and write a guide on this topic from a different angle. You will see that the first two conversations are foundational and famil