It’s never too early to start investing. And it’s true that providing a spark of interest, & perhaps a little targeted guidance, to your teen about investing & personal finance can set a remarkable stage for their future growth & wealth.
In today’s story, we will hear from a member of the next generation about investing & how to reach that cohort & impart upon them the crucial fundamentals of building wealth.
Third, get some source of income. 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.
Of course the biggest thing that adults and teenagers struggle with is they spend too much. Now this is obviously highly dependent on your family financial situation.
Teens and even adults generally don’t have time to “play the market”. Even if they do have time, most often with stocks, you’re better off just investing in the S&P 500.