In this video, I explain how easy it is for kids to invest well and become a millionaire by the time they retire. I also go into the harmful things you shouldn’t do to teach investing to your kids.
Teaching children important concepts about investing.
In this video, I give you 8 reasons you should start investing for retirement when you’re in your 20s, if not sooner. You or your kids can start investing for retirement as soon as you have your first job. Here’s why it is so crucial to investing at a young age.
One reason it’s important for your kids to start investing at a young age is risk. You may have heard that with investing you’re able to take more risks when you’re younger than when you’re older. But what does that really mean? It means more than you think.
“The US dollar is going to collapse, don’t put money into the stock market!” Have you ever heard similar advice? I’m sure you have. And for good reason. The US dollar is economically weak, but politically and realistically strong — a weird combination, but it’s true.
It’s a scary time for the economy right now. Fear is causing panic, which means the stock market has been about as reliable as Social Security benefits. Everyone is worried about their retirement portfolio, as they’ve seen those double-digit percentage drops. But we, as Christians and rational people, don’t have to worry.
As an American living in Italy, near Venice, I feel my perspective is unique enough to write my own article about the COVID-19 issue going on right now. As a finance guy, I feel it’s my duty to remind everyone of some important facts, before we all start freaking out as the New York Stock Exchange plummets.
Smarter, not harder. That’s the goal, right? In investing, smarter can mean a lot of things, but one of the easiest ways to invest smarter is to invest younger. These are eight reasons it’s so important for your kid to start investing as early as possible. There are many more reasons I’m sure, but I feel like eight is enough.