And in terms of the behavior modification, it's often a really
good way to reduce power struggles, when your child feels like he is working for something, and working for something doesn't have to be a toy, doesn't have to be something really expensive, it can be positive praise, it could be that they are working special time with you, special activity, we can do a token economy system which is usually the most
well known behavior modification intervention, where your child can earn tickets or stickers or
poker chips, and sometimes you may want to attach a reward menu to that, so they know that, «Oh, if I can save ten
chips I can get this, if I can save 20
chips I can get this».
So much of managing your money correctly in the market revolves around feeling and understanding the FULL IMPACT of your wins and losses, and using
poker chips or Monopoly money is a great way to constantly remind yourself that you really ARE losing REAL money that you worked hard for, or that you are making real money that you can use to
better your life with (so don't gamble your profits!)