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College 4 . Us

Plan and act today so you have no regrets tomorrow...

What to Teach: Economic Principles

Cost vs. Benefits

This is one of the most fundamental principles of economics that we all use but often without using a systematic ways to analyze it.  One key thing to learn is marginal cost vs. marginal benefits.  Understanding the concept of "marginal" vs "total" can really help one avoid costly mistakes of sinking more resources into unworthwhile pursuits, not getting the best returns on investment, etc.

Resources:

Value of Money and Money Management

(Coming soon...)



Money as Incentives


Money as Rewards for Achievements


Money to Induce Responsible Behavior

In my house, I made it very clear to my kids that any medical expenses that resulted from their intentional behavior are their responsibility, such as:

So guess what -- my 6- and 9-year-olds now brush their teeth without any prompting from us.









More content to be developed soon...  If you would like to contribute content, please e-mail me.