I wish that financial education was taught in public schools. What is a trust, what are some benefits, and who is it a good option for?
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If you take care of your money right, it makes little money babies just like bunnies do.
If you put enough money in a special yard with other money, it makes enough baby money that you can roll around in a constant stampede of new baby money.
Sometimes you want to make sure your kids can enjoy all those little money babies, but kids don’t understand how important it is to make sure you don’t start playing with all that grown up money you put in the field (that’s for grown ups).
When that happens, you tell the farmer, “my kids can play with all the baby money, but don’t let them touch the grown up money until they’re all grown up.”
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