We have a bunch of students that are about to earn 3-4x as much as they've ever made in their lives. Want to set them up for long-term financial success. Any suggestions on the best way to teach abbreviated personal finance that will stick?
This is complicated as they probably won’t listen to the recommendations or will be talked out of them. My best feeling is to learn basic accounting/Econ + instill values of frugality and industry. From my perspectives most other methods are reductionist and lead to errors.
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For example the shady definitions of asset and liability that seem to come out of “Rich Dad Poor Dad” types that seem to ignore that some depreciating assets (they call liabilities) have indirect income uses, I.e.: a laptop to program w/ vs to watch Netflix
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