This little story happened at the beginning of October, precisely before the first Montreal Canadiens game of the season. Since I am a big hockey fan (I promise I won’t write about the Canadiens until they go in playoff next spring!), I started last year to watch hockey with my son. He was watching 5 minutes and then he was gone with his truck. However, this year, he seemed to be more interested.
We decided to buy beer…. I mean chips 😉 before the game starts. So my wife ask William how is going to do to pay for those chips. William first answered:
– I’m going to trade chips for Amy’s necklace.
We told him that the guy won’t accept.
– I’m going to give him a piece of paper then.
I guess he was referring to money but since he doesn’t have any, a piece of paper would do just fine for him. 3rd try:
– I’m going to give him a card.
– Which card I replied?
– Daddy’s card!
We all started laughing. My son already learned about 3 fundamental rules about economics and personal finance:
#1 On the market, you can trade what is not yours (short sell, options) but you better make sure that someone will want your asset anyway.
#2 Money will worth something only if people believe in it. A piece of paper is a piece of paper; however, there are some pieces worth more than others 😉
#3 If you can’t afford something, you have to concentrate on finding a sponsor who will pay for it. Parents are pretty good sponsors in general 😉
|How I Suck at Not Paying Debts||Hitting 6 Figures Income at 28|
|How I Get a Huge Income Raise Each Year||Making $125K Online in 12 months|
|How I Buy Blogs||Most Debated Articles: The Primerica Saga|
|How I Have Survived My MBA||What is So Wrong With Making Money?|
|How I run multiples blogs and makes money without burning out|