7 Steps to Teach Kids How to Invest
When it comes to investing, time is your greatest ally. The more time you give your investments to grow, the larger your nest egg is likely to become.
The trouble is that most people aren't taught the concept of investing until their first 401(k). And by that point, you've already lost a decade or more of time.
Just imagine how much wealthier you'd be if you'd only started investing when you got your first after-school job as a teen instead of waiting for adulthood.
In a recent survey from financial services firm D.A. Davidson, one-third of respondents said children should start learning about financial literacy at age 10 or younger. And yet less than half of states in the U.S. require high school students to take a personal finance class.
Kids learn to add, subtract, multiply and divide, but where are the classes on the importance of saving and investing?
Traditional education systems typically don't teach investing to kids: why they should buy stocks young and how to create a diversified portfolio to carry them
