If you're like me, saving for my children's future is a top priority. But it's more than just saving for college: I want to help my kids have positive relationships with money. And that means talking to them early and often about money and finances so that they are equipped with the tools to make good financial choices as adults.
However, in the last 10 years, the financial landscape and possibilities have changed drastically with the introduction of cryptocurrency and the Metaverse. As a parent, this leads me to ask so many questions: What does this mean for our kids and their future? How can I better educate myself so that I can safely introduce the world of web3 to my kids? And most importantly, is there a way that I can leverage crypto to incorporate it into our larger wealth-building journey to benefit both myself and my family?
All of these questions led my husband and I to start a company called The CryptoMom App, the premiere destination for all things crypto for women, by women. I wanted to create an inclusive, secure platform for women to learn about crypto and then invest it in products that are meaningful to our lives, like college funds. And with April being Financial Literacy Month, there's no better time than today to start learning about cryptocurrency.
Here are three ways to start conversations about financial literacy and web3 with your children:
1. Model good behavior by researching first
The best way to learn about the basics of crypto is to start researching. There are really great social media accounts for women that encourage conversations and provide the basics of cryptocurrency; Some of my favorites are CryptoWitchClub on Instagram and Elana @TradingFemale on Twitter. You don’t have to know all of the jargon and buzzwords; It’s more about increasing your exposure to slowly gain familiarity. Then, talk about what you've learned with your kids in a casual setting, like at the dinner table. Your kids will certainly be impressed and you get to flex your 'cool mom' muscles!
2. Read Books Together
Kids of all ages love to cuddle up and read books together. You can find books at your local library or online that teach kids the basics of crypto, even board books for infants and toddlers like Bitcoin for Babies. For your teens, offer to start a book club and read the book together. Not only are you learning together but you're also building authentic connections that are often difficult to maintain in the teen years.
3. Take the plunge by purchasing yourself first
There's no better teacher than experience so now that you're prepared with research and knowledge, take your first step by purchasing your first coin. Don’t feel the need to invest large amounts of money; Invest what you feel comfortable with, whether it's $20 or $200. Platforms like The CryptoMom App allow you to buy small fractions of bitcoin in just three easy steps.
If you're looking to connect with other women on their crypto wealth-building journey, sign up for the waitlist for The CryptoMom App to get exclusive, first access to our product.
