Why I Pay My Seventh Grader in Bitcoin
Give kids a sense of autonomy in financial decision-making.
How today’s kids roll.
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I asked my 7th grader, Luke, to help me with an atypical chore: competitive pricing benchmarking for a rental property. This task was in addition to his normal chores and he looked dubious, so I sweetened the offer by offering to pay him in cash, candy or Bitcoin. After a few questions about cryptocurrency, we shook hands and had a deal. Soon, he was the proud owner of 0.00055 Bitcoins.
Technically, I still owe him 0.00055 Bitcoins as I have yet to figure out which cryptocurrency platform allows minors to open accounts. But Luke knows I’m good for it because this is not his first time investing.