Rich vs Wealthy: Will Rainey

Are you sure you wrote it for kids? Because there's so many...

I know that you wrote it for kids, but young children, but there's so many messages in there to read as an adult for the children and the children then giving feedback to their parents and then the parents then... thinking, right, okay, we can talk about this.

And it's a great way of talking about money.

And I want to just touch on games and money through gaming, if you like.

So my kind of follow on from this now moving away from the book, but it's obviously linked to this is when you and I were children, we handed over money, physical money, and we maybe got some change back as well.

If you're lucky.

And we kind of learned without being taught.

Kids nowadays, they don't really necessarily hear the beep of a till.

So we've talked about cashless society in a previous episode, actually.

They are learning about money in a different kind of way through games.

Part of that question is the toy shop idea that you and I have spoken about before.

I feel that

the toy shop game should be now mandatory for every single young child, like on their third birthday or something, the government rolls out a toy shop game.

That's how we're going to learn about transactions happening.

As you rightly said, when we were growing up, we kind of just learned instinctively because we're using cash and we have to hand something over.

Whereas now some kids are not picking that up.

It's so, so important as kids are getting these There are debit cards, as you mentioned, playing these games, because the hard bit now is that they see money as a digital number on a screen, whether that's in a banking app, but they're also seeing those same numbers in games.

But sometimes they're not even knowing what's the difference between the two, just seeing these numbers.

They don't realize one's real and one's not real.

And we've heard these horror stories of kids going on to these games which have been linked to their parents' credit cards and just thought, oh, I just thought it was...

Tokens, whatever it may be, it's actually been thousands of pounds being spent on their parents' credit cards.

Research has been showing that we spend more money when we use cards versus cash.

So we're great when a kid's not knowing what's going on and they're more likely to want to spend with these cards.

That's why I'm so, so passionate about helping families talk about money.

Before we were recording, you talked about being a big fan of a big game, but actually a slightly different version of Monopoly.