A study Pocket money in Europe
The relationship between children and money should be one of the biggest worries of parents today.

This is what many parents and grandparents say to themselves when they think about what they know about life today, and when they read all the advice on this site. Especially since for many children and young people the notion of the value of money, and of the effort that must be made to earn it, is completely non-existent.

It is a scandal that the school does not really have financial education programs to harmonize the relationship between children and money.

It is therefore our responsibility to help young people to immediately start to become financially independent: we must teach them to earn more, to save more, to spend less, and – most importantly – to live rich and give more.

Here are the 10 lessons to succeed in making the relationship between children and money profitable

1. Teach them how to become a shareholder

The Best Time to Teach Your Children How to Use Money for Investing is  Now .

It’s relatively straightforward.

Explain to them that every product or service they love is always made by a company.

And that there are only three ways to have a relationship with this company: you are either one of its collaborators, or one of its consumers, or one of its owners.

So teach your children to own a home. This is really easy. Do they love going to McDonald’s? They would like to receive for an iPad for their Christmas? Do they drink Coke all day long? Show them that they are making these businesses richer every day.

Teach them how they can become owners of McDonald’s, Apple or Coca-Cola by buying their shares, and so they can also profit from this wealth: that they save part of their pocket money and their gifts in cash for this purpose.

This will make your children millionaires.

2. Teach them to pay themselves first and automatically

You know it.

But your kids don’t know it. Children and money do not yet have a relationship between them. That will change quickly. But it has to be in the right direction.

You have to teach them that every time they earn or receive a euro, for example in pocket money, they must first pay themselves.

Simplify the process to the extreme: explain that they have to save 25% of all their income. If they have won or received € 10, they must therefore save two and a half, and only spend the remaining 7.5. Insist that they do this their whole life, they will never have money worries.


We couldn’t go to university without having shown that we understood that.

Unfortunately this is not part of the school curricula.

So it’s up to you to teach it to your child.

It is a gift of love that you give him.

3. Teach them the miracle of compound interest.

It is difficult for a child to understand why to save, and certainly why this saving can make him a millionaire without doing anything.

But he catches stars in his eyes when we explain to him how compound interest works!

The trick is to literally and arithmetically explain to him how it works.

Take a piece of paper, and start calculating together: € 10 of savings invested at 10% gives € 11 after one year; € 11 will in turn give € 12.20, etc.

4. Teach them how to buy their home

You can’t get rich by renting your apartment. Or his house.

Put it in their heads!

It is particularly distressing to note that some advise the contrary, against all logic. Don’t they know how to calculate? Are they even less gifted than their children?

5. Teach them about the danger of debt.

Teach them that debt is just the reverse of the compound interest miracle.

It takes some effort to find a 10% placement. But creating debt that you will pay off at prohibitive rates is far too easy, and is suicidal behavior. The only exception is buying a car (and again).

On the other hand, taking out a mortgage loan to buy your home is not going into debt, but saving!

6. Teach them how to manage their budget to save more.

They will be extremely motivated to see their fortunes accumulate by saving what they haven’t spent on all those unnecessary things.

7. Teach them that if they can’t pay cash for something, they shouldn’t buy it.

Our children look around, and they often have bad examples, among their friends, or by watching the stars on television.

They want to have the same objects, the same accessories, the same lifestyle as these people.

But very often, these models are people who will never live rich, or who will be bankrupt in 10 years.

You need to teach your children that wealth is not just about having a lot of money.

Money is important of course, but the real goal must be to conquer your freedom to live your life as you like it.

That’s why you have to save, rather than spending your money on products you can’t really afford.

This savings should allow financial security, which in turn offers freedom. Having money in the bank should allow you to do what you want when you want.

8. Teach them how to give to live rich

From an early age a child should learn the importance of giving .

Just as they have to pay for themselves first, they should just as well give first.

Teach them that in this way they participate in building a better world, and that sharing is one of the secrets of happiness.

9. Teach them your mistakes

Don’t be afraid to teach your children your lessons in life, and show them where you yourself went wrong.

What would you do differently if you could start over?

You have to share your life experience.

It is also your love for them that you share as well.

10. Teach them to have big dreams.

The world needs more dreamers.

Adults are too realistic.

We need children who truly believe in their dreams.

As a parent, be a dream maker, not a dream thief. Your encouragement can shape not only the destiny of your child, but maybe the world.

You don’t know who you are talking to when you talk to a child. You may be talking to the new Steve Jobs, the successor to Paul McCartney or the future prime minister of your country.

Encourage the dream!

These 10 lessons, applied consistently, should ensure a healthy relationship between children and money, and better prepare them to live rich lives when they grow up.

“A European study tells us what we give as pocket money to our children. It should be a way to teach them the value of money. 

Pocket money in Europe

The study was carried out in 13 European countries on a total sample of more than 12,000 families.

What first struck me was that the differences between European countries exist, but are all in all relatively small.

France has exactly an average position in all the countries analyzed.

On average, we give 20 € per week to over 15s.

A study Pocket money in Europe

Respondents point out that the main reasons for giving children pocket money are learning responsibility, teaching the value of money and getting used to a responsible relationship between children and money. .

They are right: it is by confronting young people from an early age with money, and above all with its management, that we can best hope to support them in using it wisely.

The notion of the value of money and the effort it takes to earn it is completely non-existent.

What to do with your pocket money?

We must immediately help young people to end up rich .

We have seen it: we need to teach them to earn more, to save more, to spend less, and – most importantly – to live rich and give more.

So try from the start to teach your children to invest their pocket money first in their savings account (93% of French people have one), then by buying (funds) shares.

A large majority of those surveyed who regularly give pocket money believe their children have a better understanding of the value of money.

They also observe an improvement in the basic ability to budget and manage money.

In this sense, the main objective of establishing a better relationship between children and money is thus met.

How to Make Money With a Website

In this article, I answer a question that I receive several times a week: how to make money or create passive income with a website?

In a few seconds, you will have a clear vision of the main strategies that allow you to generate income onlineI have been following this trend for over 15 years and I personally know several people who live exclusively or partially from their income online.

Towards the end, I will also give you additional resources to go further and my opinion on the many online training courses on the subject.

How to Make Money With a Website

Summary of the article:

  • 1. Advertise
  • 2. Sell online
    • 2.1 Create an online store
    • 2.2 Create information products
    • 2.3 Offer services or coaching
  • 3. Find a job through its site
  • 4. My advice
  • 5. To go further
  • 6. The floor is yours

1. Advertise

1.1 Google AdSense

Displaying AdSense ads on its site is quick and easy, but it will barely pay you a few coffees a month while annoying your visitors.

It is no coincidence that news sites are leaving this model one after another despite the enormous traffic they enjoy. Also, keep in mind that a site’s traffic largely depends on search engine algorithms, and regular quality content is needed to maintain and grow it.

It is possible to obtain better results with more selective advertising networks than AdSense.

1.2 YouTube

To enable monetization of a YouTube channel, it must have at least 1000 subscribers and 4000 hours of views on the videos it contains in the last 12 months.

Sorry to maybe bust a myth, but the number of people who live off YouTube ad revenue is extremely low. The benefits and risks are exactly the same as with AdSense, and you’ll need to rack up several thousand views to start earning a few dollars.

Like AdSense or any advertising platform, your advertising revenue will also depend on the theme of your content. If you speak for example of provident or real estate, your audience will for example be likely to interest insurance companies and banks which will be ready to raise the bids of their keywords to gain new customers from your content. Conversely, if you are talking about Minecraft, your audience will tend to be younger and less fortunate, which will interest fewer companies.

1.3 Create sponsored content

As soon as y our site starts to rank well on certain keywords in search engines, you will start to be contacted by brands.

Their goal is simple: communicate their new products and disseminate their brand to your audience by taking advantage of the privileged relationship of trust that you have with your visitors.

Depending on your site traffic and the relevance of your audience, brands are willing to spend over $ 1,000 for an article or video that will deal exclusively with a product or event that strongly promotes the brand.

When negotiating the price of sponsored content, always keep in mind that for the brand it is a long-term investment while for you it is a one-time income, unless you combine that with membership. The content you produce will stay online for a long time, and in several months, it will continue to attract new potential consumers if they rank well in the search engines.

Finally, I advise you to remain transparent with your fans, objective in your assessments, and to continue to create useful content for your visitors. Otherwise, you risk losing your credibility with your audience.

1.4 Recommend products (affiliation)

The principle of affiliation is simple and can easily be combined with sponsored content: you talk about a product by placing a few links that lead to the order page of the latter and you will receive a commission on sales from your site.

Depending on the commission rate negotiated with the brand and the traffic of your site, the affiliation can generate a substantial income over time. Once your content is published and ranked well in search engines, it will help people compare products and make a choice while they are on sale.

Membership is therefore a good passive income if you enjoy testing and recommending products, and have a good understanding of the needs and fears of consumers in a given market.

2. Sell online

2.1 Create an online store

If you have the soul of an artist, the Internet now offers you the opportunity to exhibit your creativity around the world and to sell your creations easily. I’m not saying it will be easy, but with skillful use of social media, digital advertising, and with a little persistence you should gradually gain visibility and get sales.

For people who are less creative and more interested in the economics of an online business, it is even possible to select existing products, promote them and sell them at an attractive margin without worrying about the costs. logistical aspects. This is called drop shipping.

Whichever approach you choose, you will need an online store or e-commerce site to showcase and sell your products. Many tools now allow you to do this very easily and at a lower cost: Shopify, WooCommerce with WordPress, and finally PrestaShop, to name only the most famous solutions.

2.2 Create information products

Selling information products is one of the most profitable strategies for making money on the Internet. The majority of professional bloggers and YouTubers base their online business on this pillar.

The principle of this approach is easy to understand. You need to identify a painful and important problem that people are willing to pay for a solution that you have an interest in and basic skills. Then you just need to regularly create quality content that answers important questions for this audience who will gradually perceive you as an expert on this topic. From that moment, you can offer training or support to help your audience achieve a specific result in relation to the initial problem that you will have in the meantime refined thanks to the feedback from your visitors.

If you like to add value and pass on your skills and knowledge, then creating information products should grab your attention. I am not telling you that the path will be easy and immediate, but if you are a persevering person, that you are sincerely passionate about your theme, and that you like to learn, you have everything you need to succeed. To get started, you only need to know how to write and have web hosting compatible with WordPress. Thanks to this tool, today it is child’s play to create a site without touching a single line of code.

2.3 Offer services or coaching

If you create relevant content (podcasts, videos, articles, infographics, etc.) that addresses a painful and important problem that people are willing to pay for to find a solution, you will automatically attract people to your site that you perceive as an expert. From this point on, some people will contact you to go further with you and you will have the choice of …

  • Coach people individually
  • Carry out mandates for clients
  • Create trainings for questions that come up often

Whether you want to create information products or offer services or coaching, the starting strategy is always the same: create high-value content that addresses the concerns of your audience (that’s exactly what I’m doing here. moment with this article!). Everything else is secondary at first (the theme of your site, the perfect domain name, social networks, etc.).

3. Find a job through its site

I have personally found my job through this website, and I know several people who have experienced the same happiness!

Imagine for a moment: if you regularly create quality content on a topic that you are sincerely passionate about, isn’t there a huge chance that one day your future employer or associate will come across your site while doing a search? on Google?

All you have to do is create content that answers important questions in the industry you are targeting. The more specific and qualitative you are, the more your chances of attracting people with whom you will like to work will increase.

A site validates skills, expertise, your perseverance, your passion for a theme, and above all it shows that you know how to convince and carry out a project independently! I can guarantee you that a successful site is the best calling card you can have in a business plan or your CV.

4. My advice

Create a site! It is an exciting adventure that can only enrich you and open doors for you! If you don’t know what to talk about, here are some ideas:

  • Enrich your professional knowledge and share what you learn in an educational and fun way on a blog in relation to the problems or challenges that you encounter on a daily basis.
  • Share what you know about your main passion. For example, if you love photography, you know a lot of things that a lot of people would love to learn (how to choose your camera, what is shutter speed, how to take beautiful backlit photos, etc. ).

Whatever your reason for wanting to make money with a website, keep in mind that …

  • People do not easily open their wallets. They must see you as an opportunity and what you are doing must be of value to them.
  • Easy and quick success is very rare. It takes several months to become visible on the Internet knowing how to go about it. If you are just starting out, you will need to find your tone, your audience and refine the theme in which you want to fully invest. If you don’t know why you are making a site or that money is your only motivation, you won’t last!
  • If you are just starting out, be concerned only with how much value you can bring to people in relation to their needs, problems, or suffering.

And finally :

  • Persevere! You can create content for 12 months without attracting anybody. Watch what works, test new approaches, work on your article and video titles, and keep creating great content on a regular basis!
  • Set up a newsletter early on your site to keep in touch with people who discover you from search engines or social media. To motivate people to join your subscriber list, offer them exclusive content. It’s a great way to create your first product and test it risk-free while rewarding your early fans!
  • Combine different approaches to generate income when the time comes. It is quite possible to simultaneously create content, affiliate, coach, advertise, and sell your creations! The most important thing is that it is coherent, that it is fun, and that it brings value to your audience.

5. To go further

If you’re still here, you really want it! Well done !! Here are some people who make a living from their site that you can follow and observe:

You will quickly notice that these bloggers and YouTubers all offer more or less expensive training to make a living from his blog and his information products, with the exception of Laurent who offers training in the field of photography.

Before taking out your credit card for online training, I recommend that you check the following:

  • Does the seller offer a money-back guarantee? If so, is it conditional? This information usually appears near the end of a sales page and/or in the terms and conditions.
  • Has he himself achieved the results he promises you? Do not be fooled by appearances: today it is easy to rent luxury cars or luxury apartments. Seek out real-life testimonials and observe client results and how they evolve after taking the training you covet.
  • How long has the trainer been in this market? Observe the date of his first articles on his site or his first videos on YouTube.
  • Have you ever put into practice what you know or have observed? There is no point in eating new information if you haven’t applied any other training yet or what you already know!
  • Are you determined to take the time to complete and apply the training?

Keep in mind that what makes the difference between theory and success is practice, training and persistence! When these influencers sell their training, they are first and foremost salespeople and they will not hesitate to ask you questions that will force you to visualize the life that you could “easily” have thanks to the Internet and of course their training.

The reality is that good training involves hours of work to get the results it promises and the trainer will not do the job for you! So you have to be determined and know why you are doing this. Otherwise, you won’t complete the training and feel silly to ask for a refund. This is also why more and more trainers are demanding to see what you have implemented to obtain a refund in case of dissatisfaction.

And to conclude, here are two essential books in this field:

6. The floor is yours

Tell me in the comments …

  • what you will learn from this article,
  • what you would like me to explore,
  • what you are going to do to make money on the internet.

Thank you for reading me to the end. Share this article if you think it can be of value to other people.