One week ago, my wife and I welcomed into the world our little angel, Zoe.
When I was a few months old, my father took out a whole of life insurance policy for me. Today that policy is worth over $8000 in cash-in value or over $30,000 in the event of my death. I've had to pay premiums on it since I turned 21, but I am thankful for the financial start in life my dad gave me.
I thought I would give my little girl a financial head start in cryptocurrency. So, tonight I prepared a paper wallet for her and loaded it with 1 BTC, which is today worth more than $1700 in my local currency. I plan to give her the private key when she is old enough to appreciate it and use it wisely. Who knows what its value will be by then?
What do people think of the idea? Have you done something similar for your kids? Does anyone have ideas for teaching kids financial literacy? Please let me know in the comments.
Well done and congrats! That's worked out well so far :)
Love it. My btc is earmarked to be divided between my 3 youngsters, perhaps when the youngest is 21, so 19 years from now.
Also, welcome aboard, Zoe :)
I like it! Odds are it will be worth more than fiat dollars at that point.
Congratulations and love the post.
Congratulations @brendio! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@brendio" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png 2x" /> Award for the number of comments received <p dir="auto">Click on any badge to view your own Board of Honnor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <p dir="auto">If you want to support the SteemitBoard project, your upvote for this notification is welcome!Congratulations @brendio! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@brendio" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 2x" /> Award for the number of upvotes <p dir="auto">Click on any badge to view your own Board of Honnor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <p dir="auto">If you want to support the SteemitBoard project, your upvote for this notification is welcome!I've just started following you. You are more than welcomed to check out mine as well ;)I don't have an idea since I'm not a father, yet... LOL. Thanks for sharing this great post, @brendio!