How to Teach Teens About Investing

It’s very probably true that providing a spark of interest, and perhaps a little targeted guidance, to your teen about investing and personal finance can set a remarkable stage for their future growth and wealth.

But who better to talk about teaching teens about investing than a teen?

In this post, we will hear from a member of the next generation about investing – and how to reach that cohort and impart upon them the crucial fundamentals of building wealth.

How to Teach Teens About Investing

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First, start getting familiar with money early on. Although the amounts change over time, the fundamental nature of how money works stays the same.

Teach Your Kids How Money Works

In my opinion, it’s important for children to be around money early and to earn and have their own money so they understand how it works.  Being responsible for money at an early age allows children to learn about money management early.

Second, invest as early as possible!  I started my own investment portfolio with a $5,000 one-time gift from my grandfather. He showed me how to invest and showed me the investment strategy he used.

Invest Early and Often

Third, get some source of income.  One of the biggest mistakes I see teenagers make is they start investing with no money. You can’t invest if you don’t have a minimum amount to get started!

Have Your Teens Earn Income

How do you get more money as a teenager, you might ask? Working. You can start a business as a teenager like I did, but for the vast majority of kids, the best way for them to make the most amount of money in the least amount of time is by having a job.

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