The Business of Knowing Where It Hurts

A reader asked how to teach her fifteen-year-old grandson about wealth. He receives forty euros a month in pocket money, and she is quietly building a savings account for his future.

I would begin with the business hoping to collect the forty euros from him. Its success may depend on knowing whose approval he wants, or what he dreads hearing when he walks into a classroom. A savings account will record what he has left but it will say very little about the skill that persuaded him to part with the rest.