Post
Topic
Board Economics
Re: Early exposure of children to wealth and investments
by
Casdinyard
on 17/03/2024, 09:27:37 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.

Some parents have denied there children access to a lot of privileges because to them, it will be a major distraction  and this could to a very large extent make the kids to feel unloved and might birth hate and hurts in their heart.

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?
I think it's not just right, but it's a must for you to teach your children about investing and putting their money to work, and that of course, includes telling them just how much you're making, what that means, and how you guys are able to make it to give them a full overview of the magnitude of what they can make by investing their money.

Most parents teach their kids to save and call it a day, thinking that's all the money education they need to get by in life. That's simply untrue and a massive misconception, since all that's saving's teaching you is making sure you don't go broke poor when shit hits the fan and you can't get to work anymore. Investing on the other hand teaches your kids that if they play their cards right, they may not have to work anymore in the future. In my opinion children should be taught as early as 8 years old about the concept of money, how it works and how to make more of it. Most kids in this age would have warped senses of value and would literally think that money just grows on trees, so teaching them as early as possible about the implications of money would help destroy wrong insights they may carry until they grow old, and would heavily assist you in teaching them about investing as well.