09/11/2026
A story from Leslie...
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One of the most important financial lessons we can give our kids isn't an allowance, a bank account, or even an investment account.
It's a conversation.
The other day, I was driving with my 9-year-old daughter when she asked me about a building her dad was considering buying. He's in commercial real estate, and she'd overheard a conversation about buying a property.
As we talked about it, she asked, "How does he pay for the building?"
That led to a conversation about mortgages, borrowing money, interest, rental income, and how property owners use rent to help make their mortgage payments.
Then we talked about selling. I explained that sometimes people sell after the mortgage is paid off, and sometimes they sell before it's paid off. In that case, part of the sale proceeds would go toward paying off the remaining loan.
What surprised me wasn't her questions. It was how quickly she understood the concepts.
Before long, she was coming up with her own reasons why someone might sell a building sooner than planned:
- Maybe they want to buy a different building.
- Maybe they don't like that building anymore.
- Maybe someone offers them so much money that selling just makes sense.
From there, we connected the conversation to buying a family home and how many people use mortgages to purchase a house and pay for it over time.
It reminded me that kids are naturally curious about money. They hear things, they observe more than we realize, and when we take the time to explain financial concepts in simple terms, they're often capable of understanding much more than we expect.
Financial literacy doesn't have to start in a classroom. Sometimes it starts in the car on the way home.
What financial lessons do you remember learning as a child? And what lessons are you passing along to the next generation?