This is part of The Wealthie Interviews With Kids, our ongoing series that helps parents talk to their children about money. Today’s kid is Teddy, a six-year-old. Want to ask your kid these questions? Our script is here, and if you’d like us to publish the results, let us know! We’ll commission a portrait for every kid we feature.
What would you do if I gave you $10?
Save it so I can add it up and buy stuff like food.
What would you do if I gave you $100?
I would get a houseboat. I could sail around but also have a place to live.
What would you do if I gave you a million dollars?
Buy food and buy a houseboat. If there was money left over, I would buy a house and more food.
What’s the best gift you’ve ever been given?
A remote-control car.
What’s the worst gift you’ve ever been given?
A Beyblade, because they’re not cool.
What’s the cheapest thing you can think of?
A candy which is five cents.
What’s the most expensive thing you can think of?
How do people get money?
They get money from the bank.
What can people do with money?
They can buy stuff.
What are THREE things people should know about money?
How to use it. How to get it. That’s it.