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 Joey, a four-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 keep it, because I don’t want to use it right that minute.
What would you do if I gave you $100?
I would save it for a long time. At least until I find something that costs that much. If I find something that much, I would pay for it.
What’s the best gift you’ve ever been given?
A remote-control car.
What can people do with money?
They pay. Money gives them space to pay. You pay and pay and pay until your wallet is full of as much money as it can hold.
How do people get money?
Oh, let’s see. The very first place? From your mom or dad.
What if you’re already an adult? How do adults get money?
Then, if they don’t have, they ask another adult that has.
What are THREE things that everyone should know about money?
That it helps you pay. That money is important. I’m not sure what the third one is. Oh, I think I know it: Money is special.