When should you teach your kids about investing?

Now. Now. Now. No matter the age. This is a lifestyle. Most of us older generation folks were taught to get paid, pay your bills, save a little of what is left, and pray you somehow get retired.

Investing is a departure from this. The mantra “Pay yourself first” is somewhat correct. It should be more like “Pay you future-self first”. I actually like the phrase “Buy your freedom” best. When you invest, you are buying yourself freedom from your 9 to 5 grind job.

Children need to know the three types of income: earned, business, and investment. My oldest and I just watched a video breaking down the different incomes. He is 14 years old and he was able to comprehend the concept.

My son doesn’t need to work a 9 to 5 job to be successful. By working together as a family, he can have a combination of a job, a couple of businesses, rental income, and passive income from investments. He will be able to choose how he spends his most important resource, TIME.

Kris and I also tell our kids that we are in it together, for life. If my sons get married and have 3 kids each, I want them all under our roof. If that means we need to buy a $1 million mansion to do it, so be it. We can achieve anything together. My children will lead a happier, more fulfilled life if we invest our time, resources, and love into one another.

That message needs to be taught NOW!

Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice.  I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.


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