Post
Topic
Board Economics
Re: Early exposure of children to wealth and investments
by
Huppercase
on 16/03/2024, 18:28:02 UTC
The art of Parenting is one critical responsibility that plays a great role in shaping the kind of people we have in our society and sometimes in the guise to effectively train our children, factors like, at which age we expose them to our investment and resources become a difficult decision we have to make.

Can we just let kids be kids and allow them do what they want? It's like trying to fix into what you are not ready for and you know how the outcome will be like when you force things, it breakdown easily. What you need to teach kids is unveiling how life works for them and not everything financially, you can teach them though but not to practice, your will be markel when they know too much and so some things you don't expect them to do.

Quote
There had been cases when parent invest into project without letting their children know about it and then they suddenly die and it becomes a difficult situation trying to figure those project out and some extended relative might even deny the child access to it.

Is it right to tell your children all the investment you've made even when they're not yet matured enough? If no, At what age should they start knowing about those investment?

Maybe the parents die an unexpected death, nobody want to invest into something and not reap the fruit of their labour, if they don't they would like their children to benefit from it in the future. What most parent does is they even prefer to have a better future for their own kids life than they because they think they have reach their own potential. Where I think the parent dies without their kids knowing is when they don't put documents down or any lead for their kids to know that they have something invested for them.