Chad Willardson > Quotes

“One key concept that even some adults need to learn is that there's a big difference between being able to afford something and being able to afford the payments on something. Americans today tend to think about spending in terms of monthly payments instead of the actual cost of what they're buying. Ex.: Listen to the sales rep try to focus you on the monthly payment instead of the total cost of the car.”
― Chad Willardson, Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest

“Kids actually love to talk about money and share what they’ve learned. This budding investor’s financial riddle demonstrates a key lesson for everyone, particularly young people: invest as much as you can as early as you can, and you will reap the benefits in the future. If you don’t think about the power of compound interest, you wouldn’t assume a penny would grow to $5 million in one month. Of course, that doubling every day for thirty days represents an impossible interest rate in the real world, but that’s not the point. The”
― Chad Willardson, Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest

“Those who understand interest earn it; those who don't, pay it.
Albert Einstein”
― Chad Willardson, Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest