Topic: Early exposure of children to wealth and investments - page 5. (Read 1299 times)

I do agree on this even with the simplest ideas on how money works and how it should be spent and be handled well. You would really be teaching them on earliest time as possible on which we do know
that this would really be that beneficial not only on their real life situations and engagements but also on the time that you would really be telling them about your investment or business.
On which on the time that you would really be doing it then they would really be able to get it right away since they do already have the idea.

This is why it would really be better that you should really know on how to handle up yourself on things on which it would be always better that you would
really be telling them while its still early.

the importance of investing must be taught to children at a younger age so that when they are not surprised at how difficult it is to earn money and investment is the only thing that makes money work for us to work for money but we have to teach our children slowly and make them like what it is first. In my opinion, investment is a way to educate children so that they know the importance of investment

Thank you for bringing this on board. Well, parenting is a large responsibility that no one knows it all, nevertheless, we should be wise about it so that we do not deny our children some benefits and expose them to what they should not know. Like I always say, if it's about adult and risky things, it is bad to involve one's children until they are adult enough to be able to handle it. But one can educate them about them and not engage them in it. These are two different things, and the purpose is for the circumstance they probably know it behind your back, letting them know will make it not a big deal to them.

Specifically about the subject matter, it is good to let your children know of the positive things you do. I am a victim of this as my father was a successful businessman but he never allowed any of his children near his business. His line of work is now going extinct in the family since none of us is interested anymore as we are engaged in different aspects of life for earning and living. Had it been he did otherwise, that successful business would not be dying, but it is too late now. We are not even in the state he resides anymore.

As good as letting your children know about what you do that fetches you money, you should be careful about it as well. Exposing children to earning means could make them not to be serious with their education which is the primary goal at the time. If you are such that can help them take their minds off it, fine, especially cryptocurrency investment that is easily accessible, it will be good for you. Above all, it should reach a certain age before you expose your children to such things and also know the kind of children you are exposing to such to avoid regretting it later.

Currently, we are living in the time when things are exposing quickly, and many kids are having enough knowledge about many things with we are not well aware about this as well but still they needed proper guideline which is important because without this we can't bring them in timeline which is important for them.
We can't teach them quickly because mostly they want to do things by themselves with we can contribute into their this project with just having check is also better but if someone having good relationship, and he also can afford then surely things can go ideal for them because these things can make perfect match but still this is going to take time and experience is surely important which will came through all hard work.

And it would be better if we focused more on improving children's skills and creativity, to help them discover their potential. Meanwhile, regarding good financial management and investment, this is additional learning that we need to provide to help them maintain financial balance and have a more responsible adulthood.

And I also agree with what you said that learning must be delivered without any element of coercion. And of course with all the shortcomings that our children have, both in terms of understanding and the desire to continue learning. Because their world is play, they tend to often feel bored, overwhelmed and perhaps stressed when we try to get them to learn, where they think the learning they get at school is more than enough. and therefore it is quite important for us to be able to package the learning we convey, as well and as attractively as possible. We need to feed this so that our children have the passion to learn about good financial management and investment.

Knowing about money and money management is very impotent for everyone to live a normal and beautiful life. If children are not taught about money management, they waste a lot of money which creates an abnormal behavior in them. And they don't value money. they have no knowledge of anything in real life. So children must be taught about money management as soon as possible so that even if the parents die, the future of the child will be very bright.

As far as I am concerned all parents worry about their children's future and a child at a young age will never be able to understand the aspects of money well it needs a certain age. Children should be explained at every step about the aspects of money how you are investing, how much money you are spending these should be explained to them through education. Gradually their knowledge about financial aspects will increase.

So many parents are not concerned about the lack of financial education of thier children.The best way to prepare your children for a future without been much stressed and incapable to money and their spendings is to prepare them with every financial advice and education.

Most times,parents see it as a waste of time so they render limited knowledge and access to the financial literacy rate their kids are expected to have.It's true they said the earlier the better,but once a child is 18,it means that child is legally allowed to participate fully in activities that'll benefit his/her existence.An 18-year-old is considered a full-fledged adult with rights and responsibilities. Eighteen-year-olds can vote and sign contracts.Hopefully,financial literacy can be introduced without any second thoughts.

I learnt 10 onwards, its not really a big deal.  Legally it doesnt matter to learn about anything, actually doing investment and risk of capital is not allowed till 18 as you cannot own a share etc.   It would be perfectly healthy to learn risk reward and the general dynamics of business in a market economy, some of this they do teach in school.   I did business studies at school and liked it, I didnt grade massively high because my language skills were so poor but the main thing with any subject is to give the opportunity and start the process.

Hopefully people even children may teach themselves, once they have learnt to read its more a choice beyond that to learn more and actually focus on what you would like to know most about.   Always a good idea to try and teach children some subject they may appreciate, most times it wont catch on in their minds but I see no reason not to supply the tools and means to learn always.    

It is true that mental, moral and gap responsibilities are the upbringing of parents, including making a person who is more disciplined and wise in managing money in his life, if the introduction of cause and effect from small things, for example during school and daily life from pocket money is good, because it must be used.

For investment for me, if you are an adult 17+, of course the person will understand how to get capital, manage, spend and manage risks in the sense that he already has a sense of responsibility for investment actions and knows the law. How dangerous it is if minors are given private access.

If it is limited to telling the mechanism and introducing the basics for a learner, it is better, because we invest not to compete with anything, but for the long term and manage well so that a portfolio arises for the future. I think in the family there are people who are more mature, wiser and can be trusted if it is really needed for anticipation.

Yes, of course we have to teach them about this because what we have done so far is of course to prepare their future to be better and it is very impossible if we don't teach them about this so that what we have collected so far will be in vain if they don't know how to use it and we also have to have patience in teaching them so they can understand correctly what we are teaching.

In terms of age, no one can know for sure, even those who don't have a history of any disease could die and choosing to teach our children to achieve financial freedom is of course very good for their future, especially in the field of Bitcoin, because if anything happens and we haven't taught them about this. It's a shame that the assets we have collected cannot be used for what we have collected.

Of course. Because investment is also part of our legacy for our children and grandchildren after we are no longer in this world. So it is necessary to educate children about bitcoin from an early age, because at our age no one knows. Preparing an inheritance for children from an early age is very important, especially since the Bitcoin asset is very complicated so you need to be careful in educating it, teach it without any coercion because of course if the child is still a minor, his interest in Bitcoin is of course not that interesting, so we need additional teaching. they.

Even if we live long, at least we have taught our children how to achieve financial freedom when they grow up. It is important to educate our children about bitcoin investment as early as possible, because there are many cases of people holding bitcoin when they die, their families cannot access their assets so this is very unfortunate.

This is a great way to train your children. But for me I have a different approach, even I am successful or I become wealthy I will never ever spoil my child, in a sense that they should work on what they get or they should earn what they deserved meaning its like a rewarding system, if they did great then they can get what they want, in that way they will adopt to the culture of if they are soing great or achieved something then they can be rewarded, in that way they will not be spoiled and also they will learn the value of money or gifts, Besides the outcome will be based on how good or way of parenting, for me I want them to be no independent into me or get into their head that they are also reach, No, I'm the one who is rich I am so they have to earn the wealth I have.

I guess there’s really no issue even if we tell our kids at an early age that we have investments like this and like that. What’s hard is letting them understand that they are the next owners in line so they should learn to manage it whether they like it or not. That alone will definitely put them in pressure most especially if they have no passion in holding such investments.

However, there’s always a solution to every problem. Don’t put on their shoulders the sole success of certain investments as they might misinterpret that. But train them to be responsible kids and surely, when they are mature enough, they will definitely understand the purpose of why they should be aware of their investments.

I would never deny my kids any privilege as long as I can give it to them. I would want my kids to be comfortable but independent. I don’t want them to grow up too spoiled and can’t do anything for themselves.



Why don’t you make a will and testament? Get a lawyer and have the lawyer transfer everything to your children.


Personally I think as early as 16 years old would be okay. They’re mature enough by then and would probably start thinking of the future. If you start too young they might feel too pressured and not enjoy their childhood.

Money. It's a confusing concept for little minds. But just like explaining where rain comes from, we can help kids understand where money comes from and how to handle it responsibly. Forget dry lectures about budgets and bills. Let's make it fun! Imagine using games as stepping stones to financial literacy. Games like "Idle Money Tree" turn financial concepts into interactive adventures. Kids learn about saving, investing, and watching their money grow virtually.

Monopoly, that classic board game, isn't just about rolling dice and buying up Boardwalk. It's a crash course in real estate investment (minus the jail time, hopefully!). Kids get a taste of decision-making, resource allocation, and the potential consequences of financial choices. But games are just the beginning. The real magic happens when we play alongside our kids.  Imagine explaining the concept of "needs" and "wants" while grocery shopping.  Let them choose between two similarly priced items, sparking a conversation about responsible spending.

It is a concern for many people how the investments they make will continue after they die and if no one in the family knows then the assets will never be recovered. Most people have one person they trust to tell them about their investments and perhaps they will save something they need to give to their trust person after he or she dies.

It's best not to do that because immature children definitely don't know how to be responsible for the assets we own. It's best to write down on paper everything you need so that they can open it when we leave and convey it to one of the other people to secure the assets after we get die. Because children must learn first about money and how they can be responsible for the ownership of the assets we own.

Childhood should be a playground, a time for carefree exploration. But amidst the joy and games, there's a valuable lesson waiting to be learned: financial literacy. Sure, complex investment strategies might go over a six-year-old's head. But financial literacy is about more than just stocks and bonds. It's about nurturing a healthy relationship with money, understanding its value, and making responsible choices.

The truth is, financial literacy isn't some magic class – it's about everyday moments.  Imagine helping your child run errands, and you turn it into a mini budgeting exercise. Let them choose between two similarly priced items, sparking a conversation about value and responsible spending. We, the parents, are the financial role models, our habits a silent language our children absorb. So, the best financial lesson we can teach is by leading by example. Open conversations about budgeting, saving goals, and responsible credit card use become building blocks for their future financial well-being.

Telling the children about investments at a young age might still be useless I think since they won’t get to understand about it in general, but most likely when they reach their mature age or even when they can understand about finances prior to maturity, maybe they can be aware already on the investments that their parents have gained for them. That way, they will start to absorb the reality that they should be knowledgeable on their investments so that if ever their parents are too old already to manage their investments, hence they can always take their place easily and continue to attract progress until the main goal will be achieved. The children are definitely the heirs and so they must be responsible enough to handle the investments even if they don’t seem attracted and passionate at first.

Well said, mate. It's true that we should teach our children about finance, investing... but everything needs to be educated at the right age. If we teach children things that are not appropriate for their age, it will not help them progress and may even cause them to fall into a catastrophic crisis.

I see the majority of comments support the argument that children should have early access to wealth and investment. But I want to know if these people have children? or have never raised children and are saying what they think is right but have never experienced this.

It seems like they feel like they can't become rich because they don't have the opportunity to access finance or invest early. I feel like they are trying to blame their parents, LOL.