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 Plum, a nine-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?
I would probably save it.
What would you do if I gave you $100?
I would save it because that’s what you want me to say.
What would you do if I gave you a million dollars?
I would ask you what in the world you are doing because who gives a kid a million dollars?
What’s the best gift you’ve ever been given?
I can’t answer that. You have to like all gifts so that the person doesn’t get mad.
What’s the worst gift you’ve ever been given?
I can’t remember.
What’s the cheapest thing you can think of?
Nothing. There’s probably something that’s less than a cent but I can’t think of it.
What’s the most expensive thing you can think of?
One thing or a bunch? Could I say infinite mansions? One thing? If you bought one of the seven wonders of the world.
How do people get money?
What can people do with money?
If you invest in a company, it means you are a rich person and you think the company that makes fluffy toilets is going to do well. So you give that company 5 million dollars and because everyone loves fluffy toilets the company will make money and so will you.
What are THREE things people should know about money?
How to get it, how to spend it, and how to save it.