Will and Jaden Smith, in a new interview with New York Magazine, addressed Will’s past money mistakes, how he educates his children on money — and Jaden talks about some of his rather expensive tastes.
Will Smith says he’s met with, the author of Rich Dad, Poor Dad, author Robert Kiyosaki, and is trying to develop a curriculum “for children to understand even the basic connection between a bank and capitalism.”
“I’m very serious with my kids about them comprehending the intricacies of global finance,” Will Smith said. “Is it hard to educate your kids to be responsible about money when they grew up with wealth?”
Will Smith said that his children treat money differently, and seemed perplexed by some of their behavior.
“It’s funny,” he said. “Willow and Trey went in completely the opposite direction. Like, Willow only shops at Target. Jaden is really the only one of my kids that has a little bit of a taste for, uh …
Jaden: I like Cartier.
Will: That’s a little new.
Jaden: The Cartier is new, but before that it was Louis [Vuitton].
Will: Yes, he has a little bit of a taste. But he connects his responsibility to working and creating to the fun that he enjoys with the finer things.
Jaden Smith said that one of his favorite brands is Cartier.
“I have four rings I’m not wearing today,” the young star said. “I haven’t bought anything that expensive in a really long time. The only thing I buy is, like, food and skateboards.
Said Will Smith, “Once he started approving his own bank statements and credit cards and all, yeah, he changed.”