Never Give Your Kids An Allowance

I'm a big fan of teaching your kids about how money REALLY works. That's why I don't like giving them an allowance. I'm in favor of giving them a Commission...and there is a BIG difference.

In this video, I walk through the differences between an allowance and a commission, and show you how going the commission route is teaching them how money and the real world works. Versus how giving kids an allowance teaches them to treat you like an ATM.

Learn more about how to manage your money well in the Ideal Life & Money Academy