I look back 20 years and have made soo many finance and investing mistakes, it would make for a great book and my eyes water. I have analysed it in detail and it really comes down to not having anyone who mentored me about finance and not educating myself.
So whenever I get the opportunity, I try to bring this topic up with the 11 to 28 year olds in our family. but I generally get glazed looks or a quick change of topic. For their sake, I wish they would just listen to the podcasts or read the books I send them. Or even listen to me for a little…
Have any of you gotten through to younger generations about the importance of time, investing and compounding? If so, how did you do it and what resources did you give them? Almost need a cool youngster to explain it to them..then they may listen and act on it.
I Keep Telling Them, But They Don’t Pay Any Attention: How To Teach Youngsters About The Power of Investing & Compounding?
byu/shanewzR infinancialindependence
Posted by shanewzR
2 Comments
It’s just the way things go. When these things are most useful, we’re too young to understand or care.
Dad encouraged us by one-to-one matching our Roth IRA contributions while we were in high school and college. It worked! Started a good habit