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A comment on The money I saved as a child would buy one picogram of gold today. Parent comment

Re:The money I saved as a child would buy one picogram of go... by Consultant32452 on Sunday April 17, 2022 @05:17PM (#31064599)
Time preference is a big component in life success. There's not a lot of practical ways to discuss this with a small child, so "save up for the bigger/better toy" is what you get. If you have better ways to teach this lesson to your kids, I highly recommend doing it.
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Re:The money I saved as a child would buy one picogram of go... by ClumsyPilot on Sunday April 17, 2022 @05:46PM (#31064786)
As an adult, 'wait a year' is quite reasonable, but kids live in dog years, when i was a kid 'wait a month' felt like i have to wait untill i grow old and get reincarnated
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Re:The money I saved as a child would buy one picogram of go... by Consultant32452 on Sunday April 17, 2022 @06:48PM (#31065282)
Start with shorter time horizons. Do your kids earn an allowance? Pay them interest. Every dollar they still have at the end of the week, give them a dime. Be creative.
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