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He shared his thoughts on what he wished his parents had taught him.
Also read an experts take on how to raise financially savvy kids.
According to Delisle, its never too early to start teaching this lesson.
If they wanted a teddy bear, it might cost 10 chocolate bars, he said.
This concept also teaches kids how to budget, he said.
This mindset teaches children that not everything is worth spending money on.
Delisle said he practices this lesson with his own children.
When they want to buy something, I simply ask Is this your Awesome Stuff?
and then let them pause and reflect.
The answer doesnt matter.
Its that pause and awareness which shifts everything, he said.
For instance, explaining compound interest and how invested money can grow over time.
Trying to beat the market or follow trends is how you might quickly lose money.
And we also often overlook the stress of constantly monitoring your investments.
So keep it simple.
All of my mistakes were when I ignored this, Delisle said.
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