I like David Seymour's idea of teaching children the basics of money management by giving them $500 each. He floated the idea during a speech at a business event in Christchurch. The way it would work: the roughly 60,000 Year 11 s in this country would be given $500 in a controlled investment account with a structured pathway into real investing, possibly supported by investment platforms Sharesies or Blackbull. In term one, they choose a term deposit, a safe investment, but one that introduces the basic idea of storing capital so it can be used by someone else to produce, earning a return for the investor. In term two, they invest in a managed fund. This introduces the idea of risk. In term three, they invest in New Zealand equities, which introduces the idea of companies, and in term four, they're able to invest in assets from around the world, and all of a sudden, they learn about exchange rates and how much they matter.