Bryan Ziegenfuse

1 year ago · 1 min. reading time · ~10 ·

Contact the author

Like Share Comment
Blogging
>
Bryan blog
>
How to Inspire Your Children to Invest

How to Inspire Your Children to Invest

HOW TO INSPIRE YOUR
CHILDREN TO INVEST

a
Bryan Ziegenfuse {

 

W ie

Individuals need to teach their children about investing when they are still young. They need to learn about money and finance as they grow. Equipping them with the appropriate tools to familiarize themselves with investment is the best gift to give them. Since children mature differently, parents have to understand their kids to know the financial basics they need regarding wealth creation. The basics of finance revolve around risk and reward. The common types of investment include debt securities and stock. Inspiring your children to invest is a gradual process, and here are some of the ways to go about it:


Discuss bonds and stocks


Most parents start teaching their kids about money through savings in piggy banks. It is the best way for a child to realize the vitality of putting some money aside for a rainy day. On the flip side, stocks and bonds are a bit more complex. When introducing your child to these investments, you must identify the variable risks and returns involved. As much as stocks are deemed high risk, they also come with high returns. Talk about how stock value goes up and down depending on the market.


Children also need to understand bonds. These are low risk and yield low returns. Institutions like banks and the government usually back them. The information provided to children about stocks and bonds helps them to make the right investment decisions in the future.


Get your child’s attention


To get a child’s attention regarding investment, parents need to talk to them about their stocks. It inspires the children to know that they can follow in their parent’s footsteps. Parents and guardians need to talk about the interesting companies they have dealt with to make them more curious. When parents talk about the top brands they have invested in, it gets their child’s attention, making them want to invest in the stocks.


Allow your child to invest


As the child grows, parents can provide more concrete information about investing. It is critical to allow them to invest on their own for them to make their mistakes. Most kids that are interested in investing in stocks have some money saved up. Feeding them with accurate information makes it easier for you to allow them to invest on their own.


Final thought


It is important to allow children to invest their money. It opens up their minds and allows them to make mistakes and lose money while learning to grow financially.



Like Share Comment
Comments

More articles from Bryan Ziegenfuse

View blog
10 months ago · 1 min. reading time

Saving money is often easier said than done for many people. Once you get the wheels in motion, howe ...

1 year ago · 1 min. reading time

Businesses depend on excellent leadership to grow and yield great results. However, it takes a lot o ...

1 year ago · 1 min. reading time

The best managers do whatever they can to improve their leadership capabilities. They understand tha ...

Related professionals

You may be interested in these jobs

  • Choctaw Casinos & Resorts

    Drop Team Idabel Casino

    Found in: Jooble US - 1 day ago


    Choctaw Casinos & Resorts Idabel, OK

    Description This position is Temporary, On-Call and does not qualify for benefits. Pay: $16.00 Hourly, Part Time Shift: 4:15am Schedule: Sunday, Monday, Thursday, Saturday Weekly Earned Wage Access is an option for this position. Job Purpose or Objective (s): The Soft Count Cle ...

  • Chico's FAS, Inc.

    Support Associate

    Found in: Jooble US - 1 week ago


    Chico's FAS, Inc. Kingwood, TX

    Support Associate - Soma · Job Ref#: 4769 · Brand: Soma Intimates · Category: Retail Sales Associate · Job Type: Part-time · Location: · Kingwood Commons, Kingwood, TX · Employment Type: Part-time · We are customer obsessed, innovative, and have the best culture in retail. Join o ...

  • General Dynamics

    AWS Cloud Security Engineer

    Found in: beBee S2 US - 6 days ago


    General Dynamics St. Louis Full time

    **Type of Requisition:** Regular · **Clearance Level Must Be Able to Obtain:** Confidential · **Public Trust/Other Required:** Other · **Job Family:** Information Security · We are GDIT. The people supporting and securing some of the most complex government, defense, and intellig ...