The Basics of Investing: A Paper to Share With Your Children

Learning and practicing the basics of money management can have a profound impact on a young child’s life. What parents often overlook, even those who are investors themselves, is taking the education to the next stage once their children get older—say, around age 11 or 12. At that point, it may be the right time to start a conversation about investing. The lessons learned can not only develop the investor and entrepreneur in your child, but also the philanthropist. By teaching children about investing and creating opportunities for them to put their knowledge into practice, you’re helping them take an important step toward their eventual financial independence.