Start Now! – Financial Education
24 Oct 2014
When it comes to teaching your children about money, the sooner you start the better. I have seen parents let their kids pick a stock or two (just for fun!) of companies that they are familiar with. The obvious ones being Disney or Mattel1. This is where learning about investing can be fun and educational!
There are a variety of websites and organizations that are ready to help youngsters in the area of financial literacy. A great website that I have seen others use is www.jumpstartcoalition.org. This is sponsored by the nonprofit organization Jump$tart Coalition. Kids can learn about earning money, paying taxes and making a budget. If I had a dollar for every person I speak with say, “I wish I would have learned this earlier”, I would be, well, you know the rest.
It is often said that the average inheritance in the United States is spent within two years. Taking steps now to help educate your children and grandchildren can help prevent this from happening to your money.
Jeffrey A. Johnston, ChFC
President of Premier Investments of Iowa, Inc.
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Premier Investments of Iowa, Inc. are not affiliated.
- This is not a recommendation. Please do your own research or consult your financial professional on any investment.