Alexis Ohanian shared the sweet way he and Serena Williams are teaching their 8-year-old daughter, Olympia, about responsibilities and money management.

Three people on a red carpet: an adult in an elegant gown, another adult in a suit, and a child in a formal dress
Frazer Harrison / Getty Images

On Thursday, the Reddit co-founder and tech investor posted a clip from his interview on the Spolitics with Jemele Hill podcast he did a few months ago. In the video, he explained how they decided on a reasonable allowance for their daughter and everything she’s required to do to earn it.

“For Olympia, she has an allowance,” Alexis shared. “She gets $7 a week. Serena was her lawyer in the negotiation. I drew up a real contract. We negotiated it. Her mom was her counsel, which was really frustrating.”

Man with a beard and smiling child waving on a sports field, caption below reads: "She gets $7 a week."
@alexisohanian / x.com

“[Olympia]’s gotta feed the dog, she’s gotta put her clothes in the hamper, she makes her bed — So, she does that five days a week. Mom negotiated weekends off.”

A person with short hair and a beard is smiling, speaking into a microphone. Text on image: "I drew up a real contract."
@alexisohanian / x.com

Funny enough, when Olympia initially started getting an allowance, she didn’t even want real money…she wanted to be paid in Robux (the virtual currency used in the video game Roblox).

“I figured out how to get her to value cash, which was helpful,” Alexis continued. “We’re trying to create that flywheel between doing the work and getting the money, and then understanding there are things you could want.”

Child smiling indoors, holding braids. Text reads: "For Olympia."
@alexisohanian / x.com

There was a time when Olympia saved up “quite a bit of money,” almost $100, and at the time she really wanted a Tamagotchi watch which retailed for around $125. Olympia realized she didn’t have enough, and Alexis thought that was a good teaching moment for her to determine and embrace how many more weeks she would need to do chores in order to have enough for the watch. She eventually saved enough and bought it.

Person holds "Homework" cards. Child walks away. Another person laughs, playfully sticking out tongue. Casual indoor setting
@alexisohanian / x.com

“A week goes by, and she stopped caring about it. Another week or two comes by, and she’s like, ‘I really want this American Girl doll dress.’” Olympia checked her piggy bank, but didn’t have what she needed. She even tried to use her best “puppy eyes” to win over her dad, and even though he admits to giving into her sometimes, he really wanted her to understand the “pain” of knowing that she has to wait until her “next paycheck” to get something.

“Neither Serena nor I grew up with wealth, so that’s the other weird thing. We’re both trying to navigate how to create the circumstances for her to be able to be a functional adult, while also having resources that we couldn’t have imagined.”

“At the same time, you want to give for your kids; you want to provide the opportunities, but I still need her to feel a lil bit of that pain to hopefully have it sink in. I joke — although I’m really not joking — but she’s gotta work a retail job or a service job [when she’s older].”

Fans absolutely loved how Alexis and Serena are teaching Olympia about money:

Comment saying: "He's a great dad who is teaching his daughter responsibility. Kudos! ?❤️"
@tamikas.bibb /Instagram: @tamikas.bibb

Linda Yaccarino tweets "this is the way!" Alexis Ohanian replies "Trying" with glasses emoji
@alexisohanian / x.com

Comment praising daughter for saving money for kitten and vet costs; now works in a café to fund higher education, aspires to be a doctor
@therealmeow_au/ Instagram: @therealmeow_au

Tweet by Kevin Henrikson praising Alexis for responsible parenting and highlighting that early lessons have a lasting impact
@kevindegods / x.com

Social media comment praising a lesson on teaching privileged children the value of money
@gabbysview/ Instagram: @gabbysview

Tweet by Ayo the DJ: Encourages wealthy parents to offer financial support to their children, countering the "self-made" narrative
@aiojames / x.com

Instagram comment discussing childhood allowance, mentioning receiving $7 weekly in the late '90s/early 2000s and suggesting renegotiating for inflation
@designatedjessica / Instagram: @designatedjessica

Tweet praising two people for raising children without overindulgence in a wealthy environment
@thkmadame / x.com

Comment praising parents for teaching their child the value of earning achievements, highlighting the importance of not relying on wealth
@shebaonpurpose / Instagram: @shebaonpurpose

Tweet about nostalgic childhood memories of getting an allowance and valuing downtime, with a mention of Serena and Olympia
@Mondakindle / x.com

Comment praising Alexis Ohanian for earning his achievements with Serena Williams humorously referred to as his "lawyer."
@flamboodle / Instagram: @flamboodle

Tweet by Signora Grace: Praises instilling work ethic in children despite luxury
@Signora_Grace / x.com

You can tell that Alexis and Serena want nothing but the best for their children, so I always love the personal stories they share about their family. I grew up doing chores for an allowance, so it’s great to see people still keep that tradition alive.

Did you have an allowance growing up? What responsibilities were you in charge of growing up? Let me know in the comments!