💸 Money Lessons for Kids

Invest early, Reduce Bluelight, & Write with AI

Author

Tanmay Techie
September 11, 2023

Hey Friends,

Welcome to Caffeinated Mondays, your go-to source for a dose of tech wizardry, financial finesse, and wordy wisdom – all served with a side of caffeinated charm! ☕

Today’s issue is brought to you by WealthSimple App

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Let’s dive right in…

💸 11 Important Money Lessons your kids Should know:

  1. Start Investing Early: 

  • When you're young, you've got time on your side.

  • A 20-year-old can put away $200 each month to become a millionaire by age 65. If you're 45 and want the same, you'd need to invest $1700 each month.

  1. Avoid Buying on Impulse:

  • Give yourself 7 days to decide if you really want something.

  • People spend lots of money every year on things they buy without thinking.

  1. Needs vs. Wants:

  • If it's essential for staying alive, it's a need.

  • If you can do without it, it's a want.

  1. Rich vs. Wealthy:

  • Rich: Earning lots of money but having no freedom because you're always working.

  • Wealthy: Having the freedom to do what you want with your time.

  1. Cheap vs. Frugal:

  • Cheap: Always looking for the lowest price.

  • Frugal: Looking for good value, not just the lowest price.

  1. Mistakes Teach You:

  • Every mistake helps you learn and understand better.

  • Learn from your mistakes and avoid making the same ones.

  1. Money Isn't Everything:

  • Put your health, family, and friends first, even before money.

  1. Keep Learning for Life:

  • Keep learning, even when you're older. There are always new things to discover.

  1. Spend on What You Love:

  • If you cut down on unnecessary spending, it's okay to treat yourself to things you really enjoy.

  1. Delayed vs. Instant Gratification:

  • Instant gratification: Doing something just because it feels good right now, without thinking about the future.

  • Delayed gratification: Resisting the urge for a quick reward, so you can have something even better later.

  1. Live Below Your Means:

  • Spend less than what you earn. This is the way to have extra money for more freedom.

👨‍💻 Techie’s Actionable Tech Tip:

Automate Laptop Screen Brightness for Eye-Friendly Viewing (Windows)

You can make your laptop screen easier on your eyes by reducing the blue light. Windows has a feature that can do this automatically. Here's how:

  1. Right-click the "Start" button on your computer.

  2. Search for "Night Light" and click on it.

  3. Choose "Schedule night light."

  4. Pick the hours when you want your screen to have warmer colors.

That's it! Your screen will adjust its brightness to be easier on your eyes during the times you've chosen.

✍️ 4 AI Writing Tools to Try:

  1. Copy.ai: This tool helps you quickly create written content and text without any delay.

  2. Jasper.ai: Let Jasper handle your writing for your blog, social media, website, and other needs.

  3. Writesonic.com: Produce text about popular subjects and visuals quickly.

  4. Chat.openai.com: Everyone ChatGPT 😀 

That’s all for this week. Until then, keep those mugs full and your curiosity even fuller! Enjoy the rest of your week!

To caffeine and beyond,

Founder, Caffeinated Mondays

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