Investing 101 for Kids
Investing can be a complicated topic for kids but it is an important skill to know early on. It is important to introduce the idea of saving, they don’t need to know all the complex terminology that comes along with it.
Here are a few ways you can teach them about investing.
Highlight the importance of saving.
The first step is to save your money before you can invest it. They need to know how both these skills go hand in hand.
Start with the basics.
Point out their favorite toy store when you’re out shopping with them and tell them how people can own a small share in that company.
Teach through play.
A great way of teaching kids is through play. Whether it’s a game of Monopoly or gamified computer games about the stock market. It’s a helpful and fun method!
Share your experience.
Talk to them about your own investment philosophy, even in general terms. Use their language when explaining to them what investments can mean for them and their future.