Wisdom and multiplying money – lifesavers values and Milo’s Money.

Wisdom and multiplying money – lifesavers values and Milo’s Money.

What do you think about when someone says multiplying money?

• Do you think about gambling?

• Do you think about entrepreneurs like Elon Musk?

• Do you think about getting a job?

• Do you think about Investing your money – putting it in the bank and earning interest?

There are many things you could think about when it comes to multiplying money. Milo visits Mr Randall at the shop in our story and gets some advice. Mr Randall is obviously a businessman and so his advice is about running a stall.

Mr Randall suggests that Milo can buy some fruit in his shop and turn it into smoothies to sell. That way he would spend some money but should make more by selling his smoothies.

You could do some math in class to work out how much Milo should sell his smoothies for?

What would YOU pay for a fresh fruit smoothie?

What would be YOUR favourite flavour?

Mr Randall’s advice is wise – he uses things he knows about –his shop – to help Milo think about something other than just spending and saving. This is often something we forget about as there are many things already on the market.

Do you feel differently about buying something someone has made vs the same item you could buy from a shop? If so, why is this?

Sometimes we forget that older people have collected wisdom from the experiences they have had. Perhaps we could learn more from people around us. Or at least take the time to listen.

Thoughts for the week:

What wisdom can you gather from people around you?

Do you spend the time to listen to others?

Is Multiplying money in this way risky?

Why does managing money sometimes come with risks?