5 financial concepts kids should know

(Read time: 2 minutes)

Hello and welcome to this week’s edition of Prequel.

An especially big welcome to the 2,794 parents who have joined us in the last week. We remain one of the fastest-growing parent communities on the internet with 30,000+ parents joining in our first month since launch 🙌 

In case you’re new here, Prequel is the free weekly newsletter for parents who want their kids to succeed. We give you weekly insights on how your children can get ahead ― in school and in life.  

We’ve got lots to tell you, so let’s dive right in. Here’s what you’ll get today:

💡 Valuable things kids don’t learn in school
⚡️ 2 Short lessons
🚀 3 tools to boost your family’s productivity

💡 Valuable Things Kids Don’t Learn In School

Financial literacy is one of the most important life skills. Unfortunately, most people don’t learn this skill until they’re out of college - and sometimes much later.

Here are 5 important ideas about finances that every parent should show their teens:

1. The power of compounding

2. The effect of taxes:

3. The difference between investing and gambling:

4. The longer you invest for, the more wealth you build:

5. Inflation - a dollar tomorrow buys less than a dollar today:

⚡️ 2 Short Lessons

1. How to help your kids define success (link)

2. Learn how to write prompts aka talk to an AI (link)

🚀 3 Tools To Boost Your Family’s Productivity

1. Bing AI: Get access to ChatGPT like AI without paying $20 every month (link)

2. WriteMeACoverLetter: Write a compelling cover letter in seconds (link)

3. Windsor: Record a video and turn it into hundreds of personalized versions within minutes. (link)

Thanks for reading!

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Until next time,
Ivy
CEO Prequel, Beta Camp, Apollo
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