Mellody Hobson

I said, I have to ask Baba. So she's she understands that I go back because I don't want her to get anything instant, even though I know ninety nine cents is not a lot, but instant gratification. I'm trying to manage. Wow. Patience. So I said, I have to ask Baba. This is a child who could have anything she wanted in the world. And $2.99 for any of us is like a no-brainer. But I was like, no.

I said, I have to ask Baba. So she's she understands that I go back because I don't want her to get anything instant, even though I know ninety nine cents is not a lot, but instant gratification. I'm trying to manage. Wow. Patience. So I said, I have to ask Baba. This is a child who could have anything she wanted in the world. And $2.99 for any of us is like a no-brainer. But I was like, no.

And it's not manufactured, but it's just letting her to see, be thoughtful and deliberate about what you spend. So the last time she comes and she says, I want to watch a movie. And I said, okay. So we went to turn on the show. It was an animated film and it was $15.99. This is Everest's reaction.

And it's not manufactured, but it's just letting her to see, be thoughtful and deliberate about what you spend. So the last time she comes and she says, I want to watch a movie. And I said, okay. So we went to turn on the show. It was an animated film and it was $15.99. This is Everest's reaction.

And it's not manufactured, but it's just letting her to see, be thoughtful and deliberate about what you spend. So the last time she comes and she says, I want to watch a movie. And I said, okay. So we went to turn on the show. It was an animated film and it was $15.99. This is Everest's reaction.

this is ridiculous she's like she thinks this is the like biggest number she's ever she's like mom this is so expensive and i said well everest you'll probably watch it multiple times it's like a toy and i said i think it'll be a good investment but i'm still going to talk to baba about it so that she sees we collaborate on money and i love this because now she knows 99 cents

this is ridiculous she's like she thinks this is the like biggest number she's ever she's like mom this is so expensive and i said well everest you'll probably watch it multiple times it's like a toy and i said i think it'll be a good investment but i'm still going to talk to baba about it so that she sees we collaborate on money and i love this because now she knows 99 cents

this is ridiculous she's like she thinks this is the like biggest number she's ever she's like mom this is so expensive and i said well everest you'll probably watch it multiple times it's like a toy and i said i think it'll be a good investment but i'm still going to talk to baba about it so that she sees we collaborate on money and i love this because now she knows 99 cents

Versus $2.99 versus $15.99. Wow. And that was when she was like seven years old.

Versus $2.99 versus $15.99. Wow. And that was when she was like seven years old.

Versus $2.99 versus $15.99. Wow. And that was when she was like seven years old.

Yes. Yeah. I mean, she was really she was she was upset.

Yes. Yeah. I mean, she was really she was she was upset.

Yes. Yeah. I mean, she was really she was she was upset.

I think you do it as you have already started. There's the practicality of it and then there's valuing things. So the great example with your dollar store example is they had to put a value on things and they had to give it relative value. You're not directly explaining that to them, but that's actually what's happening. And so I'm a big fan of giving kids choices. That's why I love barter.

I think you do it as you have already started. There's the practicality of it and then there's valuing things. So the great example with your dollar store example is they had to put a value on things and they had to give it relative value. You're not directly explaining that to them, but that's actually what's happening. And so I'm a big fan of giving kids choices. That's why I love barter.

I think you do it as you have already started. There's the practicality of it and then there's valuing things. So the great example with your dollar store example is they had to put a value on things and they had to give it relative value. You're not directly explaining that to them, but that's actually what's happening. And so I'm a big fan of giving kids choices. That's why I love barter.

Barter is there's actually no money involved, but it's do you want Barbie or a cupcake? One you're going to eat and it's going to disappear and one you may have. And they actually decide and start to put that value on it. So that's a great way.

Barter is there's actually no money involved, but it's do you want Barbie or a cupcake? One you're going to eat and it's going to disappear and one you may have. And they actually decide and start to put that value on it. So that's a great way.

Barter is there's actually no money involved, but it's do you want Barbie or a cupcake? One you're going to eat and it's going to disappear and one you may have. And they actually decide and start to put that value on it. So that's a great way.