Michael Madden, a Texas father, charges his 6-year-old daughter Rose $3 for rent and $1 for utilities, emphasizing the importance of financial literacy. He believes that learning to handle money early will benefit her later in life. Madden documented this landlord-tenant relationship on TikTok, where he collects rent in a playful manner. Rose’s allowance is linked to a chore chart where she earns points for household tasks and self-care, which helps her understand the connection between work and earning money.
Michael Madden, a Texas dad, charges his 6-year-old daughter $3 rent and $1 for utilities to teach her financial literacy. He believes this early education will prevent future financial struggles.
Madden emphasizes that 'it's not just about paying rent - it's about earning and learning.' His daughter's allowance is tied to a chore chart where she earns points for various tasks.
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