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Versace for $1.6B, Anthropic for $61B, And Gold is on the Rise
Plus: How to teach your teen about money
Dollar Dad
March 05, 2025
In partnership with
Read time: ~3.5 minutes
Welcome Back, Fellow Parent
Most teens leave high school knowing more about the Pythagorean Theorem than how to open a bank account.
That’s a problem.
If we want to raise financially independent kids, we need to start teaching them now—before they sign their first lease or swipe a credit card without knowing how interest works.
Here’s where to start:
Every kid is different, but from my experience, starting off with something fun or relevant (or even a compliment) helps with engagement and knowledge retention.
For anyone reading who’s interested in Montessori principles, it’s a helpful approach for children in the third plane of development.
You’re welcome to check out the lengthy article I wrote up on teaching our teens about money (it’s about a 9-minute read), but for the sake of time, here are a few key thoughts:
Budgeting That Actually Works – Money disappears fast when there’s no plan. Teach your teen the Spend, Save, Give method. They can spend some, save some, and give some away. Tracking expenses for just one month will open their eyes to where their money is going.
Banking & Saving Without the Stress – A bank account isn’t just a place to stash birthday money—it’s a crash course in real-world finances. Open a checking and savings account, set up direct deposits, and automate savings. Even socking away 10-20% of any income builds strong habits early.
Smart Spending vs. “Where Did My Money Go?” – The 24-hour rule is a game-changer. If they want something non-essential, have them wait a day. Most impulse buys lose their appeal overnight. Another hack? Set a “fun money” budget—this makes it easier to spend guilt-free while avoiding reckless spending.
Building Credit (Without Regret) – Credit can either be a golden ticket or a financial disaster. Make it work for them, not against them. Adding your teen as an authorized user on your credit card can jumpstart their credit history without them taking on debt. The key? Teach them that credit isn’t free money—it’s a tool that needs to be paid off in full every month.
Investing for Their Future (Because Savings Alone Won’t Cut It) – Teens who learn about investing young have a massive financial advantage. Show them how stocks and ETFs work and, if they have earned income, consider setting up a Roth IRA—it’s tax-free growth for life. Bonus tip: If you own a business, you can legally pay your teen and have that money go straight into a Roth IRA, setting them up for long-term wealth.
Teaching your teen about money doesn’t have to be overwhelming or boring.
Start small, make it relatable, and let them learn by doing.
The goal isn’t to raise a financial expert overnight—it’s to help them avoid financial mistakes before they happen.
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Money News
Here’s a quick roundup of interesting things happening across the markets:
Versace is reportedly being sold to Prada this month for roughly $1.6B. Prada’s portfolio also consists of other top brands including Jimmy Choo and Michael Kors.
Another billion-dollar headline this week, Anthropic, the AI firm backed by Amazon just completed another funding round. It’s now valued at roughly $61.B after raising $3.5B from investors. With the influx of cash, the firm plans to expand to Asia and Europe.
The U.S. Bureau of Labor Statistics released its latest Consumer Price Index findings, and no shocker here, inflation is still on the rise. It’ll be interesting to see how the Federal Reserve responds, but experts are predicting delays in further cuts to interest rates.
Tariffs are making headlines, as the US proceeds with tariffs on goods from China, Mexico, and Canada. China and Canada have already announced retaliation tariffs, while Mexico is currently discussing next steps and will make an announcement this Sunday. This is an evolving story and will likely have daily updates as the dust settles. From a personal finance standpoint, expect prices to rise across the board, from food to consumer electronics.
Talking about tariffs…gold is on the rise. Up roughly 11% so far this year, investors are flocking to gold in preparation for a potential trade war.
If you’re looking for additional interesting things to read, below are a few free newsletters I recommend, from one parent to another. Make sure to confirm your subscription to give them a try.
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