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Author Topic: Early exposure of children to wealth and investments  (Read 1239 times)
Marvelockg (OP)
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March 14, 2024, 09:58:52 AM
 #1

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?

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March 14, 2024, 10:34:32 AM
 #2

I think children should learn about money & money management quite early in their lives. You can start by rewarding them with pocket money each week for doing tasks around the house. You can allow them to save up for something they really want or budget weekly to afford sweets, chocolate or whatever. I won’t tell my kids exactly how much money I make but I will teach them about Bitcoin & how to use it so they can take over when I die.

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March 14, 2024, 11:17:28 AM
 #3

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.
If one of them is die, then either of them will responsible with the business. If both of them die, I'd say shit happens.

It's not really a thing that we need to focus, you can't force your child to continue your business. You can teach from small thing, just give them money for every week and teach them to save money, this is the first step.

Don't really teach them to be ready to work, don't harm their young life because it's the only one life stage that they spend most of their time to play without need to worry about money and responsibility.

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March 14, 2024, 11:25:54 AM
 #4

Is it right to tell your children all the investment you've made even when they're not yet matured enough?
I think that's fine. It's best to expose our kids at an early stage of their lives about money. Most of the kids that I've seen lately aren't really into these knowledges that are being taught by their parents but instead, they're into nonsense things and just all about enjoying their childhood. I have nothing against about enjoying their childhood but if you teach them early with your investments or even by just simple savings, they've got an upperhand compared to the other kids when they grow older.

If no, At what age should they start knowing about those investment?
As soon as you teach them how to save, I think that's already enough. Start from teaching them to save money to buy their toys or their desired things because it's about the principle of teaching them on how to be responsible with their finances and at the same time, the lessons are already there and eventually they'll learn about what actually investing is.

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March 14, 2024, 11:40:00 AM
 #5



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?

Parents should let their children know the business they are in when they are at the stage that they can understand because they are likely the ones to inherit their business and parents should make documents that all the business they have should be in their children's name under the name of stewardship from people they trust.

When it comes to inheritance the bloodlines should be the ones to follow, all their investment should go to their children and the parents should write wills and documents on how to transmit this in case there's an untoward incident.

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March 14, 2024, 11:41:49 AM
 #6

I think children should learn about money & money management quite early in their lives. You can start by rewarding them with pocket money each week for doing tasks around the house. You can allow them to save up for something they really want or budget weekly to afford sweets, chocolate or whatever. I won’t tell my kids exactly how much money I make but I will teach them about Bitcoin & how to use it so they can take over when I die.

I agree, and if I have a child, I will set an age where by that age they should know how to budget their own allowance. Because I believe that when you learn something while you are young, you can carry it until you are old and it is possible that you can improve the correct practice in that matter. When it comes to financial matters, I would prefer my future child to be financially literate so that even if I am not by their side, they will know what is the right thing to do with the money they have. Yes, they will become independent at a young age, but I would rather that than them growing up ignorant and not knowing how to handle their finances.



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March 14, 2024, 11:45:33 AM
 #7

As parents, the first responsibility for you is to focus on good parenting of your children, teach them morals, learning must not be in a harsh manner, a child should be sent to school first to get educational knowledge which is their basic foundation, exposing children to wealth or investment shouldn't be the first thing a child should differently between his left and right before exposure of such kind will be made known to them, children learn very quick and their attention can divert if they get into something, children should grow to an extent before they can be given the orientation about wealth and other things concerning money.
Before exposing a child to good things in life, they should know how to control themselves in other not to allow a lavishing lifestyle to be part of them.
They should also be taught how to be conservative and avoid reckless so that they won't be bankrupt in future.

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March 14, 2024, 12:01:14 PM
 #8

It's best to tell or teach children where money comes from, so that children can know that money comes from working, trading or other things that are easy for them to understand. And the goal is for children to appreciate money which must be managed well and not wasteful.
And if we want to teach investment, we can teach it with games about investment and currently there are many children's games related to money and investment such as.
Idle Money Tree: This game helps children understand the concept of money and finance, while improving their financial skills.
Monopoly: This legendary game is still the most popular financial educational game, this game can teach children to learn how to manage finances, investments and the impact of every financial decision.
However, we have to accompany and teach all of this so that they can play it and understand the purpose of the game, because children will like it more and understand it more easily if we educate or teach them with games.

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March 14, 2024, 12:02:38 PM
 #9


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 that children should be allowed to go through childhood without putting too much pressure on them to understand certain things before they're matured enough to comprehend what their parents wants them to know, it could make them to be under pressure and miss their childhood stages. Parents should focus on building up the character of their children first, if they don't and they go ahead to reveal sensitive information about their finance, the kids might be in bad companies and reveal the parents private details. And they can be advised to steal the information and clear the parents life savings, or worse wicked people can take the advantage to kidnap or steal the information by themselves. So after moulding a child's character, parents can gradually start to reveal sensitive information to them, knowing that they'll be responsible to handle them.

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March 14, 2024, 12:23:10 PM
 #10

It's a mistake which most of the parents make by not educating their kids enough on money management as some of them thinks that early exposure of money to their children will make them less active on other subjects and they will become money minded but there is a thin line between telling them money is everything and money is required for most of the thing and how they can manage their money and how they earn. It's high time kids should to exposed to these basic things at the early stage of their lives.









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March 14, 2024, 12:54:24 PM
 #11

Today, children are introduced to finance very early on. If your children are small, don’t burden them with their parents’ problems; just teach them to take care of the things you buy them. Being neat will make children smarter.
But as they grow older, it is imperative to teach children to understand their spending, at least using the example of pocket money. The ability to not give in to the desire to quickly spend money every time but to think about the need for a purchase will also be a good trait.
As for Bitcoin, I think it's pretty easy for a teenager to figure out how to use it. Today's children understand technology very easily, but learning should be unobtrusive so as not to completely take away the best time called “childhood” from the child.
But as for running a family business and investing, the child should have knowledge about this as one of the options for his future occupation, understanding that he has the right to do something else.

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March 14, 2024, 01:50:36 PM
 #12


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?
Really? Sharing investment ideas to children who are not yet in the legal age? First of all there will be terms under the law to be followed. In most instances relatives are the ones to take care of your wealth if your children are still to young to handle it and that is because they are stil not matured enough to make valid decisions. Well, if what's being fear is for other people to benefit from what you will left for your child, then that's a given thing, just hope that such thing won't happen in your case. Not quite sure of the right age but it might be possible at age 18 and above wherein a child's mind is matured enough already. What's best is to practice your child early but with valid ways and that includes not forcing them but rather familiarize them little by little.
It's a mistake which most of the parents make by not educating their kids enough on money management as some of them thinks that early exposure of money to their children will make them less active on other subjects and they will become money minded but there is a thin line between telling them money is everything and money is required for most of the thing and how they can manage their money and how they earn. It's high time kids should to exposed to these basic things at the early stage of their lives.
There is for sure a right way to do things. There could be risks such as a child being spoiled of privilege and become irresponsible of how to make use of it. Another is for them to be uninterested at a young age. Given that wealth is there, you may start with enrolling them to additional subjects to do things with proper. In such way they won't be bombarded by informations unlike with taking the sole responsibility to do so, that might result to information overload. At least if it is proper education, informations will be moderated.

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March 14, 2024, 02:12:47 PM
Last edit: March 14, 2024, 02:30:38 PM by 0t3p0t
 #13

As long as the child is willing to learn it's all good but for me 15 or 16 years of age is good enough for them to be exposed to wealth and investments but here in my country, at young age of 5 or 6 they are encouraged to save money like coins we call it "alkansya" in our local language or a piggy bank though it may vary on what materials you use whether an empty plastic bottle, a pvc pipe, GI pipe, bamboo etc. The only problem encouraging kids nowadays is the influence of technology and lifestyle they spend more of their time on social medias, gadgets and many more that is for me a distraction but we can also utilize and use this as a bit of an advantage since we can show or teach them using these technological advancements.



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March 14, 2024, 02:27:16 PM
 #14


By the time the kid starts to learn how to use money and purchase online, I think its a good decision already to make them learn gradually. The kids expose to how the parents work like if the parents own a meatshop, eventually the kids will know how the shop works.

Teaching the kids to invest and trade I think is not so much different. They will learn how the market works and investing can be a way for them to learn more about economics and shape the kids mind into which college degree they want to take.

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March 14, 2024, 02:30:07 PM
 #15

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.
Before teaching children about economics and finances, most parents would do well to do some deeper research on the topic themselves.

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.
Knowing about investments (especially detailed ones) of parents is clearly a privilege that children should not know about until they grow up and become financially literate people.

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.
For such cases there is a “will”. There were also cases when children, having inherited their parents’ money, very quickly spent and lost everything. Therefore, in such cases, you need to take care of a trusted mentor who can take care of everything.

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?
No, you should not introduce your children to your investment strategies. It's not a specific age that determines when they should start learning about your investments, but rather their readiness. Then, when they are ready to perceive information of this kind.

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March 14, 2024, 03:13:51 PM
 #16

A child cannot manage a business of an investment portfolio of an adult, even if that adult suddenly died. So, for such events, some alternative arrangements that rely on adults must be made (at least till the kids grow up).
I think children should be taught the basics of financial management and some stuff about investments as they grow older, but it's important to follow the curiosity that children have and use it to teach some useful stuff, instead of forcing children to learn when they don't want to do it and can resent you for it. So it's crucial not to overdo it and to understand that our children aren't younger versions of us; they shouldn't repeat our paths and fix our regrets because they should become themselves.

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March 14, 2024, 03:21:03 PM
 #17

A child can be under 10 and is no way can even understand the dynamics of investment and the responsibilities that come along but one who are in their teens definitely has an idea about money so it is the right time to mold them in the way that you wanted. Obviously you don't have to let them know every decision you make but it is mandatory to have backup way to inherit the assets you have that you can let them know when you feel they are ready.









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March 14, 2024, 03:45:59 PM
 #18

Children's world is a game, so let them enjoy their childhood with joy and excitement, don't burden them with complicated problems. Because talking about good money management and investment is not an easy thing, even those who are old enough don't really understand it. In general, for school-age children, their financial management is still completely regulated by their parents. And are we as parents capable enough to manage our finances well? If we ourselves cannot manage our finances well, then don't expect our children to have good management, because parents are the main role models for a child. So in other words, we don't need to bother teaching it, we just need to give an example. Unless they are old enough, it is quite important to be able to instill the principles of good financial management in children. and the best way to teach them about managing money well and being independent, what we need to do is not to pamper them too much. We have to teach them how they can slowly leave their dependence on their parents in financial matters. By doing this, they will slowly learn how they can earn income and manage their finances well.

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March 14, 2024, 04:14:10 PM
 #19

It is good to let your kids know about all your investment that you have as long as they are sensible enough to understand what an investment is. When they are on holidays, you can use that period to enlighten them about how money works, and if you have a physical investment or business, you take them there to be with you, so that they can have the idea of how things works.

As mentioned by others above, you should give them money, and teach them how to save the money in order for them to use it for themselves. You can also give them some amount of money and tell them to keep it for you, that you will ask if the money later. After one or two months you can take back the money from them. My mom introduced me to her business from when I was 10yrs,and it exposed me to how to save and keep money very early.

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March 14, 2024, 04:15:06 PM
 #20

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?

It is very important for the kids to know about the investments made by their parents. But at very young age they may not be able to understand these things. So it is always better to make a legally registered will with all the investment details in case anything goes wrong.

I don't think a kid below 12 years will be able to understand these things. But having a registered will usually helps in such situations.

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March 14, 2024, 04:49:52 PM
 #21

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?
Children can learn directly from their parents, and if you a parent lay a good foundation of letting your kids know that you have invested, and the importance from investing to your kids, They will grow up without consciousness and early in life they would be focused on setting up investments that they would later profit from.

One problem and challenge I have noticed in my own immediate environment is that parents are more focused on exposing the children to religion than investment and wealth importance. If focus can also be placed on wealth and investment to children in an early age just as religion it will have an immense benefit in the development of the child and financial independence earlier in life.

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March 14, 2024, 04:57:28 PM
 #22

The environment and how the child grows up would indeed be a primary factor towards what and how the child behaves. It's going to become a hard thing to analyze if you don't see it with an open eye. I think when it comes to investments, it's important that they see the importance of money. That's the initial thing that II think to have a great relationship with money. It's important that it's not just magic and you have to work for it to get the best out there. Wealth is important but treating people better is the best.

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March 14, 2024, 04:58:25 PM
 #23

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.

I don't understand how exposing children to their parents' businesses will cause them to develop feelings of hatred or hurt in their hearts. Children are only unhappy with their parents when they do not give them the attention they deserve as they grow up and instead delegate responsibility for the children to an employee working under them as nanny or house help. Children like that grow up to be harsh on their parents, but exposing them to their family business can't really instill hatred in them.

Quote
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?

There should be an age at which you can tell your child about your businesses even if they are too young to handle them. Try to teach them the fundamentals of the business as they grow up, rather than exposing them to everything until they are old enough to handle it. You can find a trusted person who will work to make your children your successors even if you are no longer alive and they were not yet old enough to run the business. Also, make sure your child understands who the person is in order for them to fight for their rights if he does not hand over at the appropriate time.

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March 14, 2024, 05:08:27 PM
 #24

I think it's better to teach children about money management from a young age. If they are of a tender age then they will get the idea of money very easily and they will be able to come to the right decision in the absence of their parents. Children should be taught money from a young age and understand that investing is a strategy for growing and securing wealth. It is easy to get backup if you know all the personal information as inheritance by saving a certain amount of money.

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March 14, 2024, 05:09:33 PM
 #25

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?

We as parents are the ones who know how far our children's capacity of understanding is, and of course, to what extent their understanding can reach. Let's just explain little by little about the things we do, whether it's business or investment. .

But it's better in business; don't do investment first because they're still raw there, but only in business familiarization, and only teach or make them understand basic financial management in a simple way first.



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March 14, 2024, 05:28:51 PM
 #26

Children should always be free and if investing somewhere should inform children and wife i.e. family members.  Because there is no guarantee in the life of a person who is alive may not be there tomorrow. If he invests without telling his family and dies.  But his family will not know that his money is invested and the money will remain like that.  A trusted person should be consulted before doing anything.  But before sharing with the children, how much machio the children have to develop.


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March 14, 2024, 05:29:52 PM
 #27

The exposure could be that these children were born into a wealthy family and they understand without being told that their parents are wealthy.
I would say that it's easier for an only child to know about their parents wealth and investment than those with more than one siblings.

It's good to inculcate financial education into our children at an early age so as to have a matured mindset about wealth and investment. In such case, even after the parents have shown their children how much wealth they have amassed, the children ought to prove how well they have developed their financial knowledge inorder to access the wealth of their parents.

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March 14, 2024, 06:05:19 PM
 #28

~
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?
No. It's useless IMO because at the end, they might just ignore or forget about it. You can teach a child about investment, but as a parent, you must be creative enough so that they can still understand it even though they're still young.

Why tell it to children first when you have your wife/husband? Or your trusted relatives to share your investment at first place? Ok, sharing it with relatives is kind of risky, but just share it to your wife/husband. Share your investments with him/her, and if the worst thing comes that you unfortunately dies, he/she will be the one to tell it to your child/children. Telling it when they aren't matured enough is just a waste of time because after all, they're too young to digest that information.

There's nothing wrong with teaching the basics of investing to our children, but at least be creative, and be responsible as well. Like what some said, I guess don't jump and teach investing immediately, but teach them anything about money management.

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March 14, 2024, 06:27:07 PM
Last edit: March 14, 2024, 09:16:10 PM by AmoreJaz
 #29

I think it's better to teach children about money management from a young age. If they are of a tender age then they will get the idea of money very easily and they will be able to come to the right decision in the absence of their parents. Children should be taught money from a young age and understand that investing is a strategy for growing and securing wealth. It is easy to get backup if you know all the personal information as inheritance by saving a certain amount of money.

This is a stage by stage process in introducing the money management to kids. Definitely, parents should not be very technical and make it fun as much as possible. So kids won't feel it as a burden to learn about financials but should enjoy the process of it.

This article gives some pointers
> use a clear jar for savings
> set an example with your own money habits
> show them stuff costs money
> show them how opportunity cost works
> give commissions, not allowances
> avoid impulse buys

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March 14, 2024, 06:39:22 PM
 #30

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?
Children can learn directly from their parents, and if you a parent lay a good foundation of letting your kids know that you have invested, and the importance from investing to your kids, They will grow up without consciousness and early in life they would be focused on setting up investments that they would later profit from.

One problem and challenge I have noticed in my own immediate environment is that parents are more focused on exposing the children to religion than investment and wealth importance. If focus can also be placed on wealth and investment to children in an early age just as religion it will have an immense benefit in the development of the child and financial independence earlier in life.
The hope is that both are very good. Religion and investment lessons are good things for children if they can provide that guidance. For me, religion is also important for a child's development to organize the basic characteristics they will have so that their future life will be orderly because this will become their character. I think religion is the main thing and investment is lesson number 2. Because investment has the characteristics of management and knowledge

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March 14, 2024, 07:07:42 PM
 #31

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?
Children can learn directly from their parents, and if you a parent lay a good foundation of letting your kids know that you have invested, and the importance from investing to your kids, They will grow up without consciousness and early in life they would be focused on setting up investments that they would later profit from.

One problem and challenge I have noticed in my own immediate environment is that parents are more focused on exposing the children to religion than investment and wealth importance. If focus can also be placed on wealth and investment to children in an early age just as religion it will have an immense benefit in the development of the child and financial independence earlier in life.
The hope is that both are very good. Religion and investment lessons are good things for children if they can provide that guidance. For me, religion is also important for a child's development to organize the basic characteristics they will have so that their future life will be orderly because this will become their character. I think religion is the main thing and investment is lesson number 2. Because investment has the characteristics of management and knowledge

Religions are supposed to help people to live in peace but different classes in it and clash with different religions make it as one of the worst things in the world. If you want to raise your kids with religious beliefs then it's okay but making it as first priority may not suit for current era so better teach them about balancing everything.









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March 14, 2024, 07:19:53 PM
 #32

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?
When they are not mature enough you mean like 17years?

In my estimation telling your kids about your investments should be done in bits. You don't just sit them down one day and begin to tell them you invested in bitcoin, or in S&P or whatever.

In their younger years, they should learn about investing. You should take them to work or some business place where you can start inputting in them the investment sense. A s they grow older then you begin to have conversations with them about it. I recommend monopoly, it teaches about investment and all.

If you trust your kids enough and see that they can handle some personal information, you could tell them by 17  or 18. This decision and assessment is solely yours to make.

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March 14, 2024, 07:26:35 PM
 #33

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?

No, it is not right, and children should be kept away from such things until they grow big enough to understand each and everything about money and finances and be able to manage businesses and investments of their parents.
Children can't handle complex matters or things, and if you get them into such things at an early age, chances are that they will lose focus on a lot of things that are important for them such as their education and it will also be an hurdle in their way for growing up with a good upbringing because children should be raised with good teachings and have good etiquettes about things they do, they shouldn't be put into monetary issues at such early ages.









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March 14, 2024, 07:38:38 PM
 #34

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.
Parents must have the art of educating children because this aims to ensure that children become more educated to prepare themselves for a time of responsibility. Educating children to be more responsible in handling finances must be done from an early age and in terms of investment training, it must be seen to what extent they are able to be responsible for themselves. Sometimes the age at which children develop in thinking about making money varies and it is not fully seen at what age because there are children who are educated at a younger age due to environmental factors.

Parents need to limit their children but not close their children's access to learning many things for their own development process. The best way is to control and not limit it because if it is limited it will make the child's brain development slower to develop. Children will be much more productive when they recognize many good things and it is the parents' job to control their development so that it is more focused.

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?
There should be someone who can be trusted to provide access to the investments we make, but the person we entrust must really be able to maintain the confidentiality of the assets we own. Children may not necessarily be able to maintain confidentiality and there are even children who usually only have the ability to spend their parents' money and this goes back to the parents' upbringing patterns in their daily lives.

I personally haven't told anything to my children about the investments I made because they are not ready. I just tell them about bitcoin as a normal way of getting to know them because I want them to know what bitcoin is in their own way. Even though I myself also tried to give them an understanding of Bitcoin, it was only limited to ordinary knowledge.

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March 14, 2024, 09:31:07 PM
 #35

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I would've definitely wanted my parents at least to tell me about what investments was/were and the methods to at least start doing those. The period I started doing crypto and then started learning all about investment and whatnot was confusing and add that together with all the mumbo jumbo of stocks plus those necessary stuff about registrations, let's just say I was overwhelmed. Would've definitely wanted someone to guide me lol and I was too afraid to follow YT guides since well, I don't think they'd be that 100% useful to follow.

Ofc it requires a certain age to even follow/understand stuff like this. I reckon about 18-20 would be okay though. They at least have some semblance of the value of money at that point plus some of them might even have their own sources of income by then.

R


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March 14, 2024, 09:55:12 PM
 #36

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 is a difference between strick parenting and hate if a child, Children are children, let them enjoy every moment of their life. When they reach age when they are ready, they will get everything. You don't expect a teenage boy to understand life and reason life like the way a 25 years old adult will think, they can't and wouldn't except for the gifted children which are rare.

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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.

In 2024, a parent who has invested huge amout of money in a project and didn't will it with his child name didn't plan well, this is where I think lawyer is need and not relative or even a friend because death is something we all don't plan for, sighing a paper with your lawyer should help you transfer everything to the right hands when you are gone.

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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?

This has an advantage and also a disadvantages. If you tell your child that you have an investment for him, it might be a motivation for him to be serious about life and it might start to make him misbehave even though you didn't show him anything about the investment. Most often, unseriousness is what you get for revealing this to them but when they know that they have nothing to fall onto, it will make them serious about life.

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March 14, 2024, 10:11:03 PM
 #37

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?

Children can be taught proper financial behavior, but you seem to think that parents should be exposing children to all the parents personal wealth? That is bizarre, totally unnecessary and even a bit of a creepy way of thinking. One thing that should improve, maybe it's better in certain parts of the world, is proper financial education and not just teaching kids basic math skills. Sure, they need to know math fully, but they should also be taught about things like debt, credit cards, mortgages, interest rates, the stock market, bonds and all these other things that are actually powering the world of business and personal finance. That would help set them up in a much stronger position in life where they are less likely to get taken advantage.

R


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March 14, 2024, 10:22:48 PM
 #38

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 is not appropriate to tell kids all our financial activities.  Teaching and opening up our financial investment are two different things.  We can make our kids expose to wealth and investment even if we are not telling them our investment ventures.

Children's minds are like an empty glass of water.  Whatever we fill their brains will be the things of their interest but they have limited understanding so it does not mean that we can say our business ventures at their early age.  We can have them explore the basics of investments then when they have a grasp of it, make them learn deeper.

I believe the time to tell our kids about our business and investment ventures is when they are ready to shoulder the responsibility involving those investments.  Telling them about it at an early age is like giving them a quadratic equation problem when they don't even know how to add or subtract numbers.  It is better to take it slow and steady.  

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March 14, 2024, 10:25:16 PM
 #39

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?
You don't force a child to learn about the family business or to choose a particular career, it should come naturally. There are children who show interest in the family occupation at a tender age, such children should be groomed to understand the rudiments of such business. Others might decide to choose other career paths different from the family business, those ones shouldn't b forced to follow the footsteps of his parents. However to answer your question, children should be introduced to investment immediately they start showing interest and understanding how it is runned. Generally, every parents have the responsibility of teaching his children hardwork, savings and investment.

But we still need to be careful when introducing children to investment. You don't have to reveal sensitive information to them because they are not matured enough to keep secrets. They could go an announce to the entire class in school that you own Bitcoin or a certain amount of money snd this could bring a security problem.  Sensitive information should be unveiled only when you have ascertained that they are matured enough to manage them.

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March 14, 2024, 10:32:29 PM
 #40

Early exposure of children to wealth and investments:
 
It's good to introduce your kids to your business at least at teenage stage. Introducing them to your work and exposing them to wealth early , before they get to adulthood, your already sure your business will be secured with them.In this you have to make sure you give them all the details as they keep growing. 
Exposing them will help them grow in to a very useful being, letting them know about the advantage of working hard so they won't believe you made those money very early and might lavish it. 
Also making sure you know which of your kids will have the interest to continue with it, so you can focus on teaching the child more.
 
Allow them fix some work for themselves while trying to know their abilities and how to handle some difficult time.
Always come up with some tax on their free days introducing them to fast reasoning and getting more ideas that will help them get interested in the business.
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March 14, 2024, 10:37:24 PM
Last edit: March 14, 2024, 10:50:05 PM by mirakal
 #41

I do believe that children should be exposed early to their family’s wealth and investments. It’s not to pressure them early or to make them feel how privileged they are, but to make them grow responsibly and develop more awareness on their businesses as early as their young minds. So that their potentials as investors as well will start to evolve as early as possible as they are they keys for the future growth and expansion of their family’s business.

Otherwise, they’ll  be naive to their own investments and when their parents suddenly gone, it’s like the time and efforts invested by their parents will come into waste since they can’t continue to manage the investments because of their inability and incapability to head they businesses.

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March 14, 2024, 11:00:14 PM
 #42

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.

Perhaps they have their reasons why they want to deny their children access to wealth. And obviously, they want to teach them that you really need to work hard in your life in order to have money. Is that bad? well it depends and there are no set of rules. And just look how many spoiled brats that we have in our society today, right, it's because their parents shower them with their old rich money and as a result their children grow different. And it this case, it could backfired on them.

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?

You still have your wife and maybe a lawyer to set up everything, your investments and what will be their inheritance if something bad happen to you. So not necessarily that they will know every investment you have or where you put your money.

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March 14, 2024, 11:47:10 PM
 #43

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?

In my opinion, there is a right age to talk about your investment with your children. It should be when the kids are already of age to understand what you are talking about and how to properly handle the investment if they are in control. For example, if you, as a parent, tell your kids about your investment when they are just five years old, there is nothing much they can do with the information. It is important to share your investment information with them only when they have come of age. You can share the information with your wife so that if anything happens, she can still fulfill your will. 

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March 15, 2024, 12:01:39 AM
 #44

I mean at early age its going to be a good practice for them if we are going to teach our children how to save and invest there money , but at this point theyvstill doesnt have a source of income of there own so its kinda useless if that the case but what we could do is doing it like for example they have some kind of allowance, we could teach them that they need to budget it and save on there own, I mean worst thing is spoiling your children with your money, they should be a ble to budget and save at an early age, i mean if possible they should get a part time job atleast because they are goin to learn there that earning money is not really easy making them value every one last bit of that money if they are the one who work for it.

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March 15, 2024, 02:40:49 AM
 #45

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 believe it's unwise to disclose extensive family wealth to children before they reach maturity and develop financial responsibility. Premature knowledge of wealth could lead to a sense of entitlement. Instead, focusing on teaching them sound financial literacy is essential. Once they understand how to manage money wisely, they'll be better equipped to handle inherited wealth responsibly.

To prepare for the unexpected, it's wise to create a 'death book' outlining important information. Include details like social media accounts, passwords, cryptocurrency wallet private keys, and other crucial assets. This will ensure your children can easily access and manage your accounts and possessions after your passing.
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March 15, 2024, 04:36:37 AM
 #46

And that's why it's important to teach your child about basic finances since he was small and continue to provide him with general material about economics that is easy for him to understand at that young age. Because there is no point if we tell him about the investments we are making when he doesn't have basic knowledge about finance and investments. At least he has basic knowledge about the things he needs to be able to manage the investments we have entrusted to him. Because if he cannot understand this, then he is not fit to manage this wealth, because in the end he will only make mistakes and even sell all the investments to have fun at the nightclub or do other stupid things with the money.

R


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March 15, 2024, 05:12:24 AM
 #47

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?
Teaching your children about money early on is something I think as being really important, after all this is not the kind of thing you learn at school or from others, and it is often the case we had to learn this on our own, so instead of letting your children suffer the same fate, it is preferable you teach to them about it early on, this way you can teach them healthy habits from a very early age, habits which can be easily maintained through their adulthood and that will help them to go farther in life, especially if we compare them to where you were at their age.
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March 15, 2024, 06:33:25 AM
 #48

as soon as a child is old enough to do their own house chores you should introduce them to economics

where by you can set up a chore chart where if they clean their room or put their laundry in the right basket they earn a star, where stars =  pocket money at the end of the week.

also introduce them into the concept of not spending it all, but putting some aside for later, such as instead of just wasting it on candy/icecream they can save up for their own toys or hobby materials.
same goes for birthday/christmas money

as a kid of early learning years, they are not concerned about investing for their own career. so just teach them about saving for hobbies/toys.
(3-6month liquid savings)
 but when they start secondary/highschool where they start thinking about their future career/cars then teach them about putting some rainyday funds they never touch into investments for longer term targets. (3-5 years investments)

as for parents wealth..
its not parents responsibility to provide kids with an inheritance. parents are free to spend their wealth on themselves and leave the kid with nothing when they mature.. its a choice. so there is no point telling a kid he is going to get free money, as it wont inspire them to work hard and learn hard as a kid..

so if you intend to fund a kids future wealth, do shy from telling them in early formative years. but instead still fund their college, first car, but word it in a way that when they get to highschool level of wanting to prep for college/get a car say things such as 'matching' where if they save, you will match their contribution.

and then .. if at graduation, if you see they have put in the effort of good grades. you can award them with the secret stash you set aside as the reward for good work, and not a freebie handout
such as
"you know how you saved $4k over 5 years for a car, and we matched it with $4k. totalling $8k towards your first second hand car. we do see how you done well and got # A+ at graduation so we decided to give you a further $8k meaning there is $16k to go towards your second hand first car, instead of just $8k matched contributions"

just avoid telling a kid of 5+ he doesnt have to do anything and will get $16k for a car as soon as he matures, just because he is your child

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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March 15, 2024, 07:57:44 AM
 #49

Children should never be imposed on investments until they are mature enough to handle the stress of gain and loss that happens in every investment one has made. Look at the age where they are more capable of building the qualities in them at that age they should never be exposed to pressure and mature talks because their mind will stop growing and they'll end up in a catastrophic condition.

There is always a time for everything and when the time will arrive they will surely learn about the investments don't just destroy their growing age just for the sake of being over smart.

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March 15, 2024, 08:07:53 AM
 #50

That’s the most important thing the parents should know. Public and private education don’t teach kids anything about finance. They learn math but they don’t know what to do with it. I always wondered when I was a student: “They keep teaching us logarithm, functions etc… wtf am I supposed to do with all that information?” The teacher never gave me a meaningful answer. Most students learned math because somebody told them to.

If you are a parent, you should explain it to your kids. They should learn math because they need to know math to become a good money manager/businessman.

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March 15, 2024, 09:23:50 AM
 #51

Young children receive their first education in the world from their families, so it is very important to teach them as parents. We should train our children about financial management right from the beginning. In the beginning they need to be taught the areas of giving some money and spending from there as a first step in money management without fully informing them about finances. Then the unused portion of that expenditure should be encouraged for savings. As they get older, they will have to share our income and share of our investments with them. And they should be imparted with a small amount of proper knowledge about how to manage them. Thus when he is able to accept and manage everything at any age then I think he should be fully informed about income and investments.

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March 15, 2024, 09:46:08 AM
 #52

It's actually good for a parent to disclose their investment to their kids but before it gets to that, the child must be found to be trust worthy. No parent wants to see a child blow off everything that he or she has so much worked hard for within a twinkle of an eye. So parent should not be fixated on acquiring wealth aone, they should give their children good upbringing, teach them how to save and the importance of saving. This will help them to be more responsible financially.

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March 15, 2024, 10:40:57 AM
 #53

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?
Children can learn directly from their parents, and if you a parent lay a good foundation of letting your kids know that you have invested, and the importance from investing to your kids, They will grow up without consciousness and early in life they would be focused on setting up investments that they would later profit from.

One problem and challenge I have noticed in my own immediate environment is that parents are more focused on exposing the children to religion than investment and wealth importance. If focus can also be placed on wealth and investment to children in an early age just as religion it will have an immense benefit in the development of the child and financial independence earlier in life.
The hope is that both are very good. Religion and investment lessons are good things for children if they can provide that guidance. For me, religion is also important for a child's development to organize the basic characteristics they will have so that their future life will be orderly because this will become their character. I think religion is the main thing and investment is lesson number 2. Because investment has the characteristics of management and knowledge

Religions are supposed to help people to live in peace but different classes in it and clash with different religions make it as one of the worst things in the world. If you want to raise your kids with religious beliefs then it's okay but making it as first priority may not suit for current era so better teach them about balancing everything.
This is what tends in the eyes of society to debate over different religions which will always exist, for me I don't care. for things like this, like something in moderation so that things or problems in life don't happen. respecting racial, ethnic and cultural differences is more important. not who is the best but who can respect then the opposite will be the same. Giving direction to young children is important so that they have a good character base

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March 15, 2024, 10:56:47 AM
 #54

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?
Sometimes that accident really happens but that's very rare. In overall, I think that the possibility of having a parent who invested in a project and will die soon while sons and daughters remain kids or teens is very low, that's why I think that it's not necessary to inform kids about your investments because there is a higher chance of negative outcome. There is a very high chance that one of your kid might try to secretly get access to your investment and steal the money. There have been many cases when kids and teens were using their parents' credit cards to buy things, so it doesn't worth the risk to my mind or a person must be 100% sure that his/her kid won't do that.

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March 15, 2024, 11:08:32 AM
 #55

As long as teaching about good money management and investment is done within reasonable limits, I don't think it will cause problems for children. Because talking about learning about good financial management and investment is something that is quite important for our children to understand, because this is initial preparation before they are truly adults and able to be responsible for all the decisions they make.

However, if this learning is done too excessively, then instead of the results of the learning being able to make our child even better, in fact the result of learning being too excessive, this could actually make the child's growth and development worse, because at an early age he have to endure heavy mental and emotional stress. Learning about finances and their management is indeed very important for every child to get, but we must remember that everything is done in accordance with the measure. So that children do not feel burdened by learning. Because the capacities of children and adults are different, and if learning is delivered beyond the child's capacity, not only will the learning be wasted, but this will also have a bad impact on the child's mental health.

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March 15, 2024, 01:29:44 PM
 #56

As long as teaching about good money management and investment is done within reasonable limits, I don't think it will cause problems for children. Because talking about learning about good financial management and investment is something that is quite important for our children to understand, because this is initial preparation before they are truly adults and able to be responsible for all the decisions they make.

However, if this learning is done too excessively, then instead of the results of the learning being able to make our child even better, in fact the result of learning being too excessive, this could actually make the child's growth and development worse, because at an early age he have to endure heavy mental and emotional stress. Learning about finances and their management is indeed very important for every child to get, but we must remember that everything is done in accordance with the measure. So that children do not feel burdened by learning. Because the capacities of children and adults are different, and if learning is delivered beyond the child's capacity, not only will the learning be wasted, but this will also have a bad impact on the child's mental health.

I agree with everything you mentioned, There is nothing wrong if we teach them at a young age how to handle their own money so that as they grow older they carry with them what was taught to them when they were young, There is nothing wrong especially if we will let them be independent and have their freedom when it comes to their spending habits, but as you mentioned, it will only be worse if there is coercion going on, or maybe the child is already traumatized and pressured by teaching them about handling their own savings and investment since we probably understand that we have a different ways of accepting and adopting the changes that are happening around us.



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March 15, 2024, 02:26:14 PM
 #57

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?
There's a specific right time for everything specially into this regard specially if we do tell them about our investment or business that we do have. It would really be just that depending on the right age and on the right time.

Yes, its true that the early the better but being too early wont really be doing anything good. Just let them be able to explore on things or experience when they are still young. Yes, there's no assured things 
in life on which we dont know on when we do passed or die out and leaving all those businesses into their hands. For you to have that kind of confidence then it would be better that you should
really be telling them if ever you do saw that they could really be able to handle or understand and having that kind of interest then this is the perfect time that you would really be
telling them about it.

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March 15, 2024, 02:44:27 PM
 #58

It is a good thing when parents enlighten their children to money,  wealth but this is good when it is done at the right time. When children are too exposed to wealth at a tender age it can affect them in a way that as they grow up they won't be having the right sense about money. I think when a child is getting matured age that one will be able to think well this the right time to expose the child about things concerning wealth and money.
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March 15, 2024, 02:51:15 PM
 #59

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?
There's a specific right time for everything specially into this regard specially if we do tell them about our investment or business that we do have. It would really be just that depending on the right age and on the right time.

Yes, its true that the early the better but being too early wont really be doing anything good. Just let them be able to explore on things or experience when they are still young. Yes, there's no assured things 
in life on which we dont know on when we do passed or die out and leaving all those businesses into their hands. For you to have that kind of confidence then it would be better that you should
really be telling them if ever you do saw that they could really be able to handle or understand and having that kind of interest then this is the perfect time that you would really be
telling them about it.
Yes this is true on which there's a specific or right time on everything and just like on what you have said that if you are really that telling them while they are really that still too young then it would be pointless because they arent that in focus or would be totally listening up on what you are trying to say because their focus is really just that for playing or any other children activities on which its normal that they will really be that focusing or their attention is still into this manner because they are still children. Investment matters will really be not something that should be having in their mind just of yet.
Just like on what you have said that there would really be a time that they would be asking on what it is  specially if its a family business on which it would be impossible that they wont really be
on such exposure into it.  There is indeed a perfect time for everything and this is something you should watch out on the time that they do become interested.

R


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March 15, 2024, 02:53:07 PM
 #60

That’s the most important thing the parents should know. Public and private education don’t teach kids anything about finance. They learn math but they don’t know what to do with it. I always wondered when I was a student: “They keep teaching us logarithm, functions etc… wtf am I supposed to do with all that information?” The teacher never gave me a meaningful answer. Most students learned math because somebody told them to.

If you are a parent, you should explain it to your kids. They should learn math because they need to know math to become a good money manager/businessman.
The government won't want to teach about finance to the kids because they know fiat is scam in the first place. If all people know if fiat is scam, it will ruin their system because people are no longer want to save in banks.

They will go to invest their money in stocks, precious metal, or cryptocurrency, they might able to make money by taxing it, but inflation will increase really high since the fiat value become worthless.

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March 15, 2024, 03:11:04 PM
 #61

I would introduce investment to my kids if they are mature enough at a very young age and are knowing the use of money and how to save it and make more money.

However not every parent is lucky like that, many end up parenting properly but the kids are wasting their money like anything and not taking the advice of wiser parents. We can only hope that our parenting is proper and things dont turn out so grim.

The education system will never teach children about investment and savings nor how to be independent and be a neat adult.

R


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March 15, 2024, 03:20:14 PM
 #62

Children should never be imposed on investments until they are mature enough to handle the stress of gain and loss that happens in every investment one has made. Look at the age where they are more capable of building the qualities in them at that age they should never be exposed to pressure and mature talks because their mind will stop growing and they'll end up in a catastrophic condition.

There is always a time for everything and when the time will arrive they will surely learn about the investments don't just destroy their growing age just for the sake of being over smart.

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.

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March 15, 2024, 03:28:08 PM
 #63

I would introduce investment to my kids if they are mature enough at a very young age and are knowing the use of money and how to save it and make more money.

However not every parent is lucky like that, many end up parenting properly but the kids are wasting their money like anything and not taking the advice of wiser parents. We can only hope that our parenting is proper and things dont turn out so grim.

The education system will never teach children about investment and savings nor how to be independent and be a neat adult.
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.

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March 15, 2024, 04:48:13 PM
 #64

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.

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March 15, 2024, 04:57:22 PM
 #65

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.
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.

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?
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.

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March 15, 2024, 05:00:59 PM
 #66

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.

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March 15, 2024, 09:24:16 PM
 #67


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.


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.


Quote
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.

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

Quote
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?

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.

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March 15, 2024, 09:58:31 PM
 #68

I would introduce investment to my kids if they are mature enough at a very young age and are knowing the use of money and how to save it and make more money.

However not every parent is lucky like that, many end up parenting properly but the kids are wasting their money like anything and not taking the advice of wiser parents. We can only hope that our parenting is proper and things dont turn out so grim.

The education system will never teach children about investment and savings nor how to be independent and be a neat adult.
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.

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March 15, 2024, 10:11:01 PM
 #69

I would introduce investment to my kids if they are mature enough at a very young age and are knowing the use of money and how to save it and make more money.

However not every parent is lucky like that, many end up parenting properly but the kids are wasting their money like anything and not taking the advice of wiser parents. We can only hope that our parenting is proper and things dont turn out so grim.

The education system will never teach children about investment and savings nor how to be independent and be a neat adult.
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.
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.

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March 15, 2024, 10:12:19 PM
 #70

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?
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.

R


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March 15, 2024, 11:15:11 PM
 #71

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?
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.
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.

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March 15, 2024, 11:35:36 PM
 #72

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.









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March 15, 2024, 11:48:33 PM
 #73

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.    

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March 16, 2024, 12:29:02 AM
 #74

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?

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.

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March 16, 2024, 05:45:58 AM
 #75

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.

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March 16, 2024, 06:34:26 AM
 #76

I think children should learn about money & money management quite early in their lives. You can start by rewarding them with pocket money each week for doing tasks around the house. You can allow them to save up for something they really want or budget weekly to afford sweets, chocolate or whatever. I won’t tell my kids exactly how much money I make but I will teach them about Bitcoin & how to use it so they can take over when I die.
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.



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March 16, 2024, 06:40:21 AM
 #77

~

I agree with everything you mentioned, There is nothing wrong if we teach them at a young age how to handle their own money so that as they grow older they carry with them what was taught to them when they were young, There is nothing wrong especially if we will let them be independent and have their freedom when it comes to their spending habits, but as you mentioned, it will only be worse if there is coercion going on, or maybe the child is already traumatized and pressured by teaching them about handling their own savings and investment since we probably understand that we have a different ways of accepting and adopting the changes that are happening around us.


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.

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March 16, 2024, 06:42:30 AM
 #78

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.
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.

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March 16, 2024, 07:22:22 AM
Last edit: March 17, 2024, 05:35:48 PM by EarnOnVictor
 #79

-snip-
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?
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.

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March 16, 2024, 09:30:54 AM
 #80

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?

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

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March 16, 2024, 10:05:18 AM
 #81

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?

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
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.

R


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March 16, 2024, 12:08:12 PM
 #82

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 believe that the child's age and emotional development are important factors to consider. For extremely young children, it may be advisable to focus on teaching them basic money ideas such as saving and spending, rather than introducing them to major amounts of cash or investments. As children get older, you can introduce them to the principles of long-term savings, multiplication, and investment. It is also needed to analyze the kid's connection with money and how they view prosperity. Some teenagers may have false desires regarding money, viewing it as an expression of power or fame. In some circumstances, it may be necessary to assist children comprehend the mental and moral aspects of money.
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March 16, 2024, 12:24:24 PM
 #83

For me personally, parenting's all about balance.  I wanna raise my kids to be responsible, who get the value of hard work, but I don't want them feeling too much pressure either. 

Way I see it, teach them money stuff appropriate to how old they are and some basic budgeting when they're young, letting them control a small allowance, and things like that.  When they get older, maybe open up a bit more, involve them a bit into some investments without overwhelming them with all the details.   

Whats the right way? Probably a mix of honesty and keeping some stuff private until they can handle it. It's always changing and negotiating, just like everything with kids!

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March 16, 2024, 01:40:52 PM
 #84


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.
In my own opinion I feel like, nothing should be enforced on a child, he should learn to grow to make his own choices. The main responsibility of a parent is to show guidance to his/her ward. There are certain ways those who run family businesses do their  work, the child who is going to take over the family business will be handling affairs of the company when his of age, seeing how the business is being run, his father or successor who in no doubt knows he will be the future of the company wouldn’t want to hide the business from his child. Instead he will bring him close to train  him to be a better leader, before mounting the mandate on him, he should have seen the blueprint and log books of the company if he’s to make a good leader. Also before the father will hand off his business to his child, he must have access the child  to know if he/she is worthy to take up the mandate. Not every child will want to go in line with their father business, some children are driven by different ambitions, you can’t force on responsibility in someone, you will end up not getting what best for that person.
   It is good to groom the kids at thier tender age, know their worth and place, if the child doesn’t want to be part of the families business fine, he can go venture into other business, support them regardless of the choices they make. Also I do not agree with what you said about children not taking their studies seriously when expose to earning. They say charity begins at home, you will know a good kid from his home training. If a kid decides to live waywardly that means there must have been a leak from the home. Something is not right in the home either the parent has less time for the wards or even show them no discipline. They are good children who will stay focus in school just to make sure they keep up with their family legacy.  The idea of money changing a person doesn’t just sound well with me, if you are a good person you are a good person.
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March 16, 2024, 04:00:50 PM
 #85

There's no set age when kids are ready to learn about investing - it depends on the child.  Some teenagers may understand stocks and compound growth, while others just see dollar signs.  But even responsible adults could meet an untimely end, so it's wise to discuss finances openly with family regardless of age.  Though money talk makes some uncomfortable, patience and open communication is the best.

R


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March 16, 2024, 06:10:46 PM
 #86

There's no set age when kids are ready to learn about investing - it depends on the child.  Some teenagers may understand stocks and compound growth, while others just see dollar signs.  But even responsible adults could meet an untimely end, so it's wise to discuss finances openly with family regardless of age.  Though money talk makes some uncomfortable, patience and open communication is the best.

Of course, we can teach children investment knowledge at different levels depending on their age and how they understand investment. Parents must play an active role in always discussing investment issues in front of their children so that they gain investment knowledge indirectly and in effective ways we must teach children from procedures for using finances for saving purposes with the need for savings to buy the goods they want and slowly they are involved in investment actions. However, the matter of inheriting wealth and investment assets must be taught to adult children. We must introduce the assets we own and total wealth to our children so that they know the next steps in management.

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March 16, 2024, 06:28:02 PM
 #87

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.

Can we just let kids be kids and allow them do what they want? It's like trying to fix into what you are not ready for and you know how the outcome will be like when you force things, it breakdown easily. What you need to teach kids is unveiling how life works for them and not everything financially, you can teach them though but not to practice, your will be markel when they know too much and so some things you don't expect them to do.

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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?

Maybe the parents die an unexpected death, nobody want to invest into something and not reap the fruit of their labour, if they don't they would like their children to benefit from it in the future. What most parent does is they even prefer to have a better future for their own kids life than they because they think they have reach their own potential. Where I think the parent dies without their kids knowing is when they don't put documents down or any lead for their kids to know that they have something invested for them.

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March 16, 2024, 08:33:57 PM
 #88

Can we just let kids be kids and allow them do what they want? It's like trying to fix into what you are not ready for and you know how the outcome will be like when you force things, it breakdown easily. What you need to teach kids is unveiling how life works for them and not everything financially, you can teach them though but not to practice, your will be markel when they know too much and so some things you don't expect them to do.

Exactly! Kids will eventually show interest in these things when they have their own money and start being interested what happens to it when they don't spend it and instead save up and maybe multiply.
Parents shouldn't rush these things as they will only confuse children. First teach them how to work for money, give them money to buy their own sweets and toys so they learn the real value behind it.
Teach them that if they for instance mow the lawn, or wash the car they can get paid and they can not only do it for you, but also for other family members and get some money from them, but for that the kid has to be at certain age, like 7 or 8. I wouldn't go all out with speeches about economics finances and investments when the kid hasn't yet earned any money, or doesn't have enough to be able to afford anything.

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March 16, 2024, 08:36:39 PM
 #89

Financial literacy is no longer an optional life skill; it's a necessity.  Financial education shouldn't be a burden on young children.  However, it can be woven into the fabric of daily life, fostering a healthy understanding of money management.

For young children, it's about fostering responsibility.  Teaching them to care for their belongings instills a respect for value.  Imagine a child who takes pride in keeping their toys clean, understanding that these items have worth. As they mature, pocket money becomes a powerful tool.  It's a chance to learn about budgeting and delayed gratification.  The ability to resist impulsive purchases and prioritize needs over wants is a valuable life skill.  Imagine a child saving their allowance for a coveted toy, learning the power of delayed gratification.

Bitcoin and other advancements highlight a changing financial landscape.  Yes, children are tech-savvy, but financial literacy shouldn't be solely app-based.  The core principles of saving, responsible spending, and understanding risk apply universally.  Imagine learning to ride a bike – the basic principles remain constant, even as technology evolves.

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March 16, 2024, 11:01:17 PM
 #90

It depends on how it is communicated. We should reach our kids about money as early as possible. Teach them wise spending and everything you know about finance. And when they are getting older, you can tell them about your investments. At least when you tell them, you can feel safe because you’ve taught them a lot and wouldn’t expect any bad behavior from them. It is also important to teach them how to make money as they grow, so when they finally have access to your money, they would be filled with gratitude instead of pride.



 

 

 

 

 

 


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March 17, 2024, 01:47:27 AM
 #91

There's no set age when kids are ready to learn about investing - it depends on the child.  Some teenagers may understand stocks and compound growth, while others just see dollar signs.  But even responsible adults could meet an untimely end, so it's wise to discuss finances openly with family regardless of age.  Though money talk makes some uncomfortable, patience and open communication is the best.

There's no discussion as interesting as making huge figures daily, weekly or monthly. We're parents and we want the best for our offspring, we will not afford to see our children not following the right track or make crucial mistakes we made in our earliest years. I've already impacted Bitcoin in my nephew and niece because I'm desperate to see them grow in the modern world. Exposure of our children to the current development of the world and impacting finances knowledge into their head, atleat it will become one of the solidable foundation for them.

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March 17, 2024, 09:26:54 AM
 #92

The fact that one can die at any time doesn't justify the act of involving children in the complexities of investments and financial management. To solve the issue of close relatives taking over the businesses and other stuff that originally belonged to the children of the deceased, one can write all the things they do for their and their family's future in a will that they can keep with a trusted lawyer and specify in the will that it should be read to the children when they reach a certain age.

I don't think that a person should let their children, who aren't mature enough, know everything they do that is related to finances, investments, and any other money-related things, let them grow up first, focus on their studies and career, and involve them only when they reach the age where they can understand everything.

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March 17, 2024, 09:27:37 AM
 #93

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.

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March 17, 2024, 11:55:32 AM
 #94

I would introduce investment to my kids if they are mature enough at a very young age and are knowing the use of money and how to save it and make more money.

However not every parent is lucky like that, many end up parenting properly but the kids are wasting their money like anything and not taking the advice of wiser parents. We can only hope that our parenting is proper and things dont turn out so grim.

The education system will never teach children about investment and savings nor how to be independent and be a neat adult.

If children learn from early year about investment then they will never experience any problems in life regarding money. So I think we should teach each and everything regarding life to our children and also teach them how to manage expenses during harsh condition so whenever inflation arises they will be able to cope with it.

Some parents allow their children to do everything so their children are regularly wasting money on useless activities so there is a greater role of parents in carrying out their children and to enhance their skills to live a healthy life.



 

 

 

 

 

 


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March 17, 2024, 01:13:35 PM
 #95

Why bore a child with details concerning investments and wealth creation. There’s a time for all of that when the child grows older and matured. I think we should let kids be kids and to let them do kids stuff. Investments and all of that isn’t kids stuff and that’s why I think an average 7 yr old kid would prefer riding his bike with friends than having a lecture about investment and wealth creation.

I’m not against trying to prep your child against the realities of life but we should let them enjoy their childhood and not indirectly coerce the child into growing up too quickly.
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March 17, 2024, 01:56:42 PM
 #96

I think children should learn about money & money management quite early in their lives.

I think this is one of the first approaches parents should give to their children. Anything else can follow, but in their early stages of life, teaching them how to manage their finances is the main thing because, as a father, you know that when you are no longer alive, your kids will be the ones to take over your wealth, and without the proper management of financial skills, they won't be able to manage it accordingly. They may end up squandering the funds due to a lack of proper management that is not there from their early stage. 

Quote
You can allow them to save up for something they really want or budget weekly to afford sweets, chocolate or whatever. I won’t tell my kids exactly how much money I make but I will teach them about Bitcoin & how to use it so they can take over when I die.

Teaching your kids Bitcoin and other cryptocurrency is another good thing to practice because there are many ways to earn money in these fields, so if you teach them as a parent and they really understand it, they will start earning their own money and invest in Bitcoin or even trade cryptocurrency, and they will start sponsoring themselves financially without waiting for another person to support them. 

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March 17, 2024, 03:44:29 PM
 #97


Is it right to tell your children all the investment you've made even when they're not yet matured enough?

A parent's best investment is to care for and teach their children to become better individuals, children are a big investment that is very profitable for the future. Everyone certainly has a better future orientation, of course they will prepare the best to maintain the sustainability of all investments that have been prepared for their children. If parents are willing to spend most of their time ensuring a bright and happy future, Parents also need to introduce their children to the early stages of investments that have been built with great difficulty in order to maintain the continuity of assets when they suddenly die.

R


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March 17, 2024, 04:18:13 PM
 #98

Is it right to tell your children all the investment you've made even when they're not yet matured enough?
A parent's best investment is to care for and teach their children to become better individuals, children are a big investment that is very profitable for the future. Everyone certainly has a better future orientation, of course they will prepare the best to maintain the sustainability of all investments that have been prepared for their children. If parents are willing to spend most of their time ensuring a bright and happy future, Parents also need to introduce their children to the early stages of investments that have been built with great difficulty in order to maintain the continuity of assets when they suddenly die.
Educating children in the field of investment will of course be very profitable for each parent and their children, because if parents have prepared their children's future well, of course parents will be able to live their lives well and not think too much about it. of the assets they have collected because they have mentally prepared their children to be able to properly manage the investments they have built, but if parents do not teach their children about investment then whatever assets they leave behind will of course easily run out. because of the fault of their children who do not have an understanding of investment.

I think there is nothing wrong if we teach our children about investment even though they are not yet old enough to understand investment, because when they have entered adulthood we will certainly be able to easily teach investment to those who already have a little understanding of investment.

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March 18, 2024, 03:36:55 PM
 #99

Educating children in the field of investment will of course be very profitable for each parent and their children, because if parents have prepared their children's future well, of course parents will be able to live their lives well and not think too much about it. of the assets they have collected because they have mentally prepared their children to be able to properly manage the investments they have built, but if parents do not teach their children about investment then whatever assets they leave behind will of course easily run out. because of the fault of their children who do not have an understanding of investment.

I think there is nothing wrong if we teach our children about investment even though they are not yet old enough to understand investment, because when they have entered adulthood we will certainly be able to easily teach investment to those who already have a little understanding of investment.
Educating children about investment is indeed quite good, but we have to look at the child's age first, because if we teach investment to children who are not yet responsible then the effect will be too big. The age at which children grow up and develop more responsibility is not always the same because there are children who are slower to develop. Introduce investment slowly and they will find out for themselves how the journey goes because directing children doesn't necessarily mean they like it.

There is nothing wrong with what parents introduce to their children, but parents must see the child's readiness to direct things. Preparing maturity in earning money is good so that children can be better prepared when facing real life after they grow up. However, the direction in introducing something must be done on a scale so that children get the complete information.

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March 18, 2024, 11:38:58 PM
 #100

There's no set age when kids are ready to learn about investing - it depends on the child.  Some teenagers may understand stocks and compound growth, while others just see dollar signs.  But even responsible adults could meet an untimely end, so it's wise to discuss finances openly with family regardless of age.  Though money talk makes some uncomfortable, patience and open communication is the best.


Children of nowadays are very sensitive. Either you introduce them to money or not, they are still in for it. It's better one introduce them to his business where legit money can be made than leaving them to try making money illegally.

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March 20, 2024, 07:14:37 AM
 #101

It's actually good for a parent to disclose their investment to their kids but before it gets to that, the child must be found to be trust worthy. No parent wants to see a child blow off everything that he or she has so much worked hard for within a twinkle of an eye. So parent should not be fixated on acquiring wealth aone, they should give their children good upbringing, teach them how to save and the importance of saving. This will help them to be more responsible financially.
Absolutely right We have to mentally train our children from childhood to make it fair and believable. From a young age they need to be raised to manage and manage things with little money and make them mentally capable so that we believe they will never blow it. Because we know that mud can be shaped as desired but hard soil can never be shaped as we like. From that point of view, we need to teach and understand investments from an early age, including managing and maintaining financial affairs for our children.

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March 20, 2024, 09:07:04 AM
 #102

It's actually good for a parent to disclose their investment to their kids but before it gets to that, the child must be found to be trust worthy. No parent wants to see a child blow off everything that he or she has so much worked hard for within a twinkle of an eye. So parent should not be fixated on acquiring wealth aone, they should give their children good upbringing, teach them how to save and the importance of saving. This will help them to be more responsible financially.
Absolutely right We have to mentally train our children from childhood to make it fair and believable. From a young age they need to be raised to manage and manage things with little money and make them mentally capable so that we believe they will never blow it. Because we know that mud can be shaped as desired but hard soil can never be shaped as we like. From that point of view, we need to teach and understand investments from an early age, including managing and maintaining financial affairs for our children.

It is smart to educate children from very young age what is money, its power and how hard or easy it is to earn them. But parents should not do it in a way to make children think that earning money is their only life goal. It is smart to tell and show what they can achieve if they invest early and have a good education. But it isnt smart to force them to invest as early as possible.

I have seen post on the forum where people use bitcoin as an example (it went from $1 to $70k in 10 years), and think that if their kids will know from younger age about investing and start doing it, then they would be rich when they become adults. From the side, this looks like parents want their kids to earn from early age, when it is parents must to support a child until adulthood as a minimum.

It is good that parents want their kids be smart, but let them be kids, because they will never return to childhood anymore. They have entire life to work and earn.

R


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March 20, 2024, 12:47:45 PM
 #103

It's actually good for a parent to disclose their investment to their kids but before it gets to that, the child must be found to be trust worthy. No parent wants to see a child blow off everything that he or she has so much worked hard for within a twinkle of an eye. So parent should not be fixated on acquiring wealth aone, they should give their children good upbringing, teach them how to save and the importance of saving. This will help them to be more responsible financially.
Absolutely right We have to mentally train our children from childhood to make it fair and believable. From a young age they need to be raised to manage and manage things with little money and make them mentally capable so that we believe they will never blow it. Because we know that mud can be shaped as desired but hard soil can never be shaped as we like. From that point of view, we need to teach and understand investments from an early age, including managing and maintaining financial affairs for our children.

It is smart to educate children from very young age what is money, its power and how hard or easy it is to earn them. But parents should not do it in a way to make children think that earning money is their only life goal. It is smart to tell and show what they can achieve if they invest early and have a good education. But it isnt smart to force them to invest as early as possible.

I have seen post on the forum where people use bitcoin as an example (it went from $1 to $70k in 10 years), and think that if their kids will know from younger age about investing and start doing it, then they would be rich when they become adults. From the side, this looks like parents want their kids to earn from early age, when it is parents must to support a child until adulthood as a minimum.

It is good that parents want their kids be smart, but let them be kids, because they will never return to childhood anymore. They have entire life to work and earn.
On the time that they would really be able to absorbed out things accordingly or having no issues then this is the time that you would really be needing to consider on teaching them about your family business and other investment correlated means on which it would really be giving out that kind of idea on which it would really be helpful soon into their investment journey and if you do have that business then they would really be having the idea on what they should gonna do. It would really be just that a matter of time when they do get matured then everything would really be that in line.

Although this might be that takes time since not all children would really be that interested when it comes to business or they arent that still not prepared for this one
and rather they would really be focusing into their childhood. This is why it would be better that you shouldnt really be forceful as a parent.

R


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March 20, 2024, 01:38:05 PM
 #104


Is it right to tell your children all the investment you've made even when they're not yet matured enough?

A parent's best investment is to care for and teach their children to become better individuals, children are a big investment that is very profitable for the future. Everyone certainly has a better future orientation, of course they will prepare the best to maintain the sustainability of all investments that have been prepared for their children. If parents are willing to spend most of their time ensuring a bright and happy future, Parents also need to introduce their children to the early stages of investments that have been built with great difficulty in order to maintain the continuity of assets when they suddenly die.
What we do today is nothing but for our future, and not only for our future, but also for the future of our children and grandchildren. Children are the greatest gift in our lives, so we have an obligation to raise our children on the right track so that later they can grow up with positive energy, I mean they can not only benefit themselves and their families but also benefit many people.
Introducing our children to investment at an early age in my opinion is valid, but don't need to be forced, let it run as naturally as possible, because in my opinion if they are interested in investment then they will learn it themselves or ask us. This can be done by allowing them to see our activities in investing.

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March 20, 2024, 02:46:22 PM
 #105

It is very important for the kids to know about the investments made by their parents. But at very young age they may not be able to understand these things. So it is always better to make a legally registered will with all the investment details in case anything goes wrong.

I don't think a kid below 12 years will be able to understand these things. But having a registered will usually helps in such situations.
Why not explain it to them according on their age? Use easy words and if possible use cartoonish visualization, in order for us to get their attention. As they grow older, things will only get easier for them but we might still need what you suggested there of having a legal registered will, to make things more formal and like you said, in case something bad happens to us and our kids are not yet on the right age to claim what we will be left to them by us.

Kids being exposed to these stuffs are much better than if they will be exposed to drugs, sex, violence, gambling, and similar negative activities. Can't help but to say this, because I know it's usually the ones that occurs, which is sad to know Sad.

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March 20, 2024, 02:51:30 PM
 #106

Parenting is full of hidden hazards; one mistake can have serious effects. Wealth and investments complicate matters and raise the risk of mistakes. Shielding kids from your financial struggles may seem like a good idea, but is it? Are you preparing them for a bigger fall? Ignorance is a time bomb. Think about it. After you go, they may discover they've been in the dark their whole lives, which worries you. They become dumb and susceptible to any scavenger like deer in headlights

Never mind the love-hate drama. Feeling unloved because they don't know stocks or real estate? The tip of the iceberg. Lack of trust and transparency is the problem. Don't overwhelm children with financial information before they can spell investment. It involves gradually introducing them to the topic, raising their awareness, and preparing them for life How soon should they know? No age or number is perfect. Not only age, but maturity. And guess what? For you to decide. Start with the essentials, evolve the discourse, and don't wait. The aim? To raise financially knowledgeable, responsible, and conscious children

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March 20, 2024, 03:40:29 PM
 #107

I think it's natural for us to tell our children about the investments we make even when they are not yet adults. However, I will do this when he really has an interest in what I do. However, if he doesn't show interest, I might start teaching him when he gets older and starts to understand investing. However, forcing a child too much can also affect the child's psychology. If he still wants to play and learn about general things, I will let him do that and keep control. There is a reason why schools have educational levels. that's because there are limits to how children can absorb what they want to learn.

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March 20, 2024, 04:29:45 PM
 #108

It's actually good for a parent to disclose their investment to their kids but before it gets to that, the child must be found to be trust worthy. No parent wants to see a child blow off everything that he or she has so much worked hard for within a twinkle of an eye. So parent should not be fixated on acquiring wealth aone, they should give their children good upbringing, teach them how to save and the importance of saving. This will help them to be more responsible financially.
Absolutely right We have to mentally train our children from childhood to make it fair and believable. From a young age they need to be raised to manage and manage things with little money and make them mentally capable so that we believe they will never blow it. Because we know that mud can be shaped as desired but hard soil can never be shaped as we like. From that point of view, we need to teach and understand investments from an early age, including managing and maintaining financial affairs for our children.

It is smart to educate children from very young age what is money, its power and how hard or easy it is to earn them. But parents should not do it in a way to make children think that earning money is their only life goal. It is smart to tell and show what they can achieve if they invest early and have a good education. But it isnt smart to force them to invest as early as possible.

I have seen post on the forum where people use bitcoin as an example (it went from $1 to $70k in 10 years), and think that if their kids will know from younger age about investing and start doing it, then they would be rich when they become adults. From the side, this looks like parents want their kids to earn from early age, when it is parents must to support a child until adulthood as a minimum.

It is good that parents want their kids be smart, but let them be kids, because they will never return to childhood anymore. They have entire life to work and earn.
Yes it is true that children should never be taught that earning money is their only purpose in life but it is important to educate them about childish economic behavior in my opinion. That is I mean that a child should be raised and experienced from the beginning with only as much as he can carry. Suppose my child goes to school every day. Every child in school buys something from the store. In that case I will give my child a fixed amount of money for his meal and explain that he will spend this money with friends and share the meal also saving some of that money. It should be taken care of whether you can save some amount from here. In this way he should gradually develop social and humanitarian issues in him along with economic issues. And after a certain age and time he should be explained and given knowledge about investment. It does not mean that I am only teaching him how to earn money but how to master social and human subjects with money is the only goal.

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March 20, 2024, 04:50:44 PM
 #109

Educating children about investment is indeed quite good, but we have to look at the child's age first, because if we teach investment to children who are not yet responsible then the effect will be too big. The age at which children grow up and develop more responsibility is not always the same because there are children who are slower to develop. Introduce investment slowly and they will find out for themselves how the journey goes because directing children doesn't necessarily mean they like it.

There is nothing wrong with what parents introduce to their children, but parents must see the child's readiness to direct things. Preparing maturity in earning money is good so that children can be better prepared when facing real life after they grow up. However, the direction in introducing something must be done on a scale so that children get the complete information.
Yes, it is true that in introducing investment to children, of course we should not force them to understand what we are teaching and we must tell them slowly and not make them feel pressured by what we introduce to them and make them lazy to listen to what we teach, I am very sure that if we teach slowly as you mentioned, of course they will be able to accept it and will be interested in what we teach, because this will be very beneficial for their future in managing their finances.

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March 20, 2024, 06:35:49 PM
 #110

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.
It will be a consequence when people have assets that their family doesn't know about and when they die, these assets will disappear with them. Children are a hope for parents and usually they will tell their children about the assets they have at an age when they are able to be responsible. The goal is that the assets they own will become an inheritance and every parent will definitely prepare this for their children.

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?
It is not appropriate to tell our children about the investments we are making because they are not yet mature enough to know. But we can slowly introduce the investments we make and their objectives so that they can learn to do what we do. After they understand what investment is, we will tell them about the assets we have so that they can invest in them if one day we die.

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March 20, 2024, 11:16:39 PM
 #111

I think it's natural for us to tell our children about the investments we make even when they are not yet adults. However, I will do this when he really has an interest in what I do. However, if he doesn't show interest, I might start teaching him when he gets older and starts to understand investing. However, forcing a child too much can also affect the child's psychology. If he still wants to play and learn about general things, I will let him do that and keep control. There is a reason why schools have educational levels. that's because there are limits to how children can absorb what they want to learn.
For children our main priority is the basics of knowledge that they have to learn, because for the investment part I don't think it is suitable for children's ages, even for teenagers we have to see what their character is, maybe they prefer other parts so don't force our children to follow our path, give our children freedom but must always be monitored to avoid negative things, and I really agree with the way you do it.

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March 20, 2024, 11:34:15 PM
 #112

Children are an investment themselves, not all investment is money either sometimes its time and effort.   Dedication to learning a subject can be investment, I dont find any fault with letting children know about investment because learning is largely what we ask children to do without knowing why and its yield on what they learn that helps them later; its very much true children are involved in investing all their time before they even know why they should do such a thing.

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March 21, 2024, 12:10:46 AM
 #113

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?
In my culture, every one ready to receive learning about the importance of the future, including investment or the world of careers, starting at university. Yes, their awareness is greater, especially children who are used to living in luxury and also have rich parents. They are more aware that money is important for their future, so they are forced to grow up faster.

Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.
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March 21, 2024, 06:18:22 AM
 #114

I think it's natural for us to tell our children about the investments we make even when they are not yet adults. However, I will do this when he really has an interest in what I do. However, if he doesn't show interest, I might start teaching him when he gets older and starts to understand investing. However, forcing a child too much can also affect the child's psychology. If he still wants to play and learn about general things, I will let him do that and keep control. There is a reason why schools have educational levels. that's because there are limits to how children can absorb what they want to learn.
I do believe that it would be a wise decision because kids who learn about it at an early age will grow used to it and start thinking about it as something quite normal. I believe that people may not react to it well if they learn about it at a very high age, because they will not see it something naturally part of their life, but if you make it something common then it will get better.

Think about it, something as small as taking a shower everyday, brushing your teeth everyday, drinking a glass of milk everyday, we teach kids these things every single day and follow it up until they are grown, some may quit doing that when they get older there is no doubt about that, but most people keep doing them all their life. Make investment something as naturally part of their life as these things.

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March 21, 2024, 07:29:33 AM
 #115

It is important to strike a balance between transparency and protection when it comes to sharing information about investments with children. While it may not be necessary to disclose every detail of investments to young children, it is important to gradually introduce them to the concept as they grow older.

It is advisable to start educating children about investments and financial literacy from a young age, in age-appropriate ways. This could involve teaching them about the importance of saving and budgeting, and gradually introducing them to more complex investment concepts as they mature.

By gradually exposing children to the family's investment portfolio and educating them about financial matters, parents can instill a sense of responsibility and stewardship in their children. This will also help prepare them for managing their own finances in the future.

Ultimately, the decision of when and how much to disclose about investments should be made based on the individual child's maturity level and ability to understand complex financial concepts. It is important for parents to communicate openly with their children and involve them in discussions about family finances in a way that is age-appropriate and respectful of their level of understanding.

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March 21, 2024, 07:55:59 AM
 #116

I think children should learn about money & money management quite early in their lives. You can start by rewarding them with pocket money each week for doing tasks around the house. You can allow them to save up for something they really want or budget weekly to afford sweets, chocolate or whatever. I won’t tell my kids exactly how much money I make but I will teach them about Bitcoin & how to use it so they can take over when I die.

I concur to this your pattern,  what you stated us more of the best way to educate children on money management and enhance them on accountability for money. Educating a child in how to make money manage it is very important, just many parents fail to teach their children on sex education that is how they failed on educating children in how to make money and it's management, that is why many today even at the age of 20- 39 years still depends on parents mostly those that come from wealthy family.

As you give your child money you teach how to save, invest, and give account on what the money is used for , not as some believe that given a child money leads them to stilling that can only happens were there is no teaching initiated.
In my opinion to give a child money is very important and should be inevitable that is why I concur to your statement.

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March 21, 2024, 08:25:24 AM
 #117

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.
Yea that is true and most expecially in Africa I don't think the white does that. Most parent deprive there children of there right and access to what they have simply because they are afraid of exposing there children to early financial system. Not knowing that introducing a child into early financial system is good, but only need guidance to control the level at which they spend. I could remember vididly when I was working with a truck driver, my parents told my boss not to teach me the truck simply because if I start seeing money from the truck I will no further my education. Could you emagine that! That is not a good way of upbringing I still went to school and still learn the truck. The only difference is that they delayed me.

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.
That is the worst of all. Right now somebody is somewhere struggling to find his parent property which was done secretly. There is no point hiding important information as that from your children. They are your subsidiary, and if you leave this world they will be the one to take control of the access. Wether you like it or not they must. otherwise people whom are not from your lineage will enjoy the fruit of your labour while your children suffer for it. So let us be wise in how we treat such issues.

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March 21, 2024, 08:48:50 AM
 #118

I think children should learn about money & money management quite early in their lives. You can start by rewarding them with pocket money each week for doing tasks around the house. You can allow them to save up for something they really want or budget weekly to afford sweets, chocolate or whatever. I won’t tell my kids exactly how much money I make but I will teach them about Bitcoin & how to use it so they can take over when I die.

I concur to this your pattern,  what you stated us more of the best way to educate children on money management and enhance them on accountability for money. Educating a child in how to make money manage it is very important, just many parents fail to teach their children on sex education that is how they failed on educating children in how to make money and it's management, that is why many today even at the age of 20- 39 years still depends on parents mostly those that come from wealthy family.

As you give your child money you teach how to save, invest, and give account on what the money is used for , not as some believe that given a child money leads them to stilling that can only happens were there is no teaching initiated.
In my opinion to give a child money is very important and should be inevitable that is why I concur to your statement.

Indeed, that is one of the best way to teach your kids at their young age, they can adopt it in the long run on how to perfectly manage their own money and the same time, we are able to see their spending habits while they were young, right? I see nothing wrong with the idea of giving them a money and letting them manage their own pocket money at the young age because that's one of the best tips that is included in smart parenting, We shouldn't treat them as a kid or spoiling them even if they are growing up because they need to learn accountability and responsibility,  so once they are having their own family and kids, they will do the same.



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March 21, 2024, 10:26:55 AM
Merited by superman184 (1)
 #119

In my culture, every one ready to receive learning about the importance of the future, including investment or the world of careers, starting at university. Yes, their awareness is greater, especially children who are used to living in luxury and also have rich parents. They are more aware that money is important for their future, so they are forced to grow up faster.

Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.
Of course everyone will teach their children the importance of preparing for their future in order to be able to live their lives well and if their children are used to living in luxury, of course they have to teach them to be able to live independently so that when they face the world of work they must be ready to do anything. which is indeed their responsibility, because of their habits of living a luxurious life, of course they will not be ready for the world of work which gives them responsibilities and cannot complete their work well.

It's not a good thing if parents force their children to grow faster and it would be better to give their children the freedom to be able to choose their pleasures first and when they are adults, then tell them about investments so they can prepare for their future.

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bakasabo
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March 21, 2024, 11:49:18 AM
 #120

I remember there was a topic about two young kids building their minimum farm. Many were excited about that, but I looked on this situation on a different way. On one hand its is good that parents showed kids how to make money, on the other hand I see manipulation by parents. And in general I dont believe that two underaged kids (the oldest kid was about 10 only as I remember) would be interested in earning money at such age, that they found video how to mine crypto, installed all the programs, started earning, bought new GPU and built a minimum farm. And managed to sell crypto. Hard to believe that two kids did all that on their own. And not parents did it all and just made up that story. I remember when I was 10, I showed little interest to money, and my maximum was "get $20-30 to buy that robot I saw in the shop". But definitely not earning thousands.

R


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March 21, 2024, 12:16:37 PM
 #121

In my culture, every one ready to receive learning about the importance of the future, including investment or the world of careers, starting at university. Yes, their awareness is greater, especially children who are used to living in luxury and also have rich parents. They are more aware that money is important for their future, so they are forced to grow up faster.

Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.
Of course everyone will teach their children the importance of preparing for their future in order to be able to live their lives well and if their children are used to living in luxury, of course they have to teach them to be able to live independently so that when they face the world of work they must be ready to do anything. which is indeed their responsibility, because of their habits of living a luxurious life, of course they will not be ready for the world of work which gives them responsibilities and cannot complete their work well.

It's not a good thing if parents force their children to grow faster and it would be better to give their children the freedom to be able to choose their pleasures first and when they are adults, then tell them about investments so they can prepare for their future.
As a parent then it would really be that a responsible action that you would be needing to make for them to know at least on the thing that they do really need to know on which it might not be simple
but at least you are already molding them to have that kind of knowledge that connects out with investment or business on which this is really something crucial or something that would be beneficial
when the time comes. We do know as parents that we wont really be staying up on their side like forever on which it is really just that right for us to teach them on things which that would really be that help them on handling themselves on future plans that they do have.

The earlier the better and just like been said that it would be better that you should really be teaching them on the time that they are already matured enough or simply could be able to understand
things because if they wont really be showing any interest on it then it would really be that so hard to tell them on what are the things that they should gonna need to do.
This is why it would be on your own choice which path you would really be taking.

R


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March 21, 2024, 03:15:22 PM
 #122

Of course everyone will teach their children the importance of preparing for their future in order to be able to live their lives well and if their children are used to living in luxury, of course they have to teach them to be able to live independently so that when they face the world of work they must be ready to do anything. which is indeed their responsibility, because of their habits of living a luxurious life, of course they will not be ready for the world of work which gives them responsibilities and cannot complete their work well.

It's not a good thing if parents force their children to grow faster and it would be better to give their children the freedom to be able to choose their pleasures first and when they are adults, then tell them about investments so they can prepare for their future.
Children's ages in terms of responsibility vary and parents must recognize this first if they want to teach investing to their children. It is natural for parents to teach their children how to earn money so that when the child grows up and has responsibilities with his family, he can adapt more quickly to earning money. Every parent does have a responsibility to direct their children to be better prepared to live life, but parents do not need to force their wishes so that their children can follow in their footsteps.

If we're honest, our parents never introduced us to investing or trading, but there was always a way for us to get involved. And vice versa for our children because I'm sure one day they will find their own way to earn money. Although we see great potential in bitcoin and I would rather advise them to learn to know it themselves so they can be more responsible when making investments.

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March 24, 2024, 06:20:00 AM
 #123

Children's ages in terms of responsibility vary and parents must recognize this first if they want to teach investing to their children. It is natural for parents to teach their children how to earn money so that when the child grows up and has responsibilities with his family, he can adapt more quickly to earning money. Every parent does have a responsibility to direct their children to be better prepared to live life, but parents do not need to force their wishes so that their children can follow in their footsteps.

If we're honest, our parents never introduced us to investing or trading, but there was always a way for us to get involved. And vice versa for our children because I'm sure one day they will find their own way to earn money. Although we see great potential in bitcoin and I would rather advise them to learn to know it themselves so they can be more responsible when making investments.
It is true that not every kid could understand the concept at the same age, while you can teach one at 7 years old and would understand, the other may not still understand at 14, it depends on their interest. Don't get me wrong, I am not saying anyone who doesn't understand it at the age of 7 could be stupid, far from the truth, people who are 7 year old are just kids, and you need to be a lot more careful about what you are wishing for if you want them to understand it, if they have an interest on it then they would ,but maybe that kid would not understand anything about art at all, until they are in their 20's, or they do not get anything about something else, basically it is not about how smart you are, it's about how interested the kid is.

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March 24, 2024, 09:12:19 AM
 #124

….
Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.

i agree that forcing your children to understand investment since they are small is unnecessary, because it is better for children to go to school and play. there is time to help them understand investment, maybe in junior high school we as parents can give them a little bit of investment lessons, because at that age their brains can already process learning related to investment and things related to it.

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March 24, 2024, 09:43:57 AM
 #125

….
Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.

i agree that forcing your children to understand investment since they are small is unnecessary, because it is better for children to go to school and play. there is time to help them understand investment, maybe in junior high school we as parents can give them a little bit of investment lessons, because at that age their brains can already process learning related to investment and things related to it.
I don't know if we have a different understanding of the question, but as I understand it, the intention is to only tell the children about the investment. It means that they are part of the coverage or only being part of those people who know about the parent's investment. It doesn't necessarily mean that the parents are forcing the younger generation to study and should learn about investment at an early age.

They are only considered to be part of this confidential information to at least make them know the use and purpose of the investment. I think the kids should know about this, the parents are responsible for telling the investment or at least putting it somewhere with the information about the investment.

So, when the time comes that the parents suddenly die, the kids will know the use or purpose of the investment. They can use it to their advantage, and they will never be taken advantage of by some adult that surrounds them.


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March 24, 2024, 09:54:13 AM
 #126

Some parents allow their children to do everything so their children are regularly wasting money on useless activities so there is a greater role of parents in carrying out their children and to enhance their skills to live a healthy life.
The parent's role is to moderate their child in spending and pointing out how they could have spent it better after having a sit-down discussion at the end of the day. If the child is not willing to listen, their spending needs to be controlled and eventually they will learn their folly, because they want to buy things for themselves and unless they budget their spending they cannot afford it. It is a bit harsh but important to build their future spending habit.

Eventually as they grow older and get educated enough, investments and inheritance can be introduced to them just like sex education. Grin

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March 24, 2024, 05:08:07 PM
 #127

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Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.


All these wealthy people are constantly searching for ways to raise their kids in a way that differs from that of the average person. Their child's parents always want the best for them in everything. and maintain the standing. Rather than imposing things on the child, they ought to give them a break and let them enjoy the childhood they are meant to have. Furthermore, it won't be something new when the child's turn comes to demonstrate certain traits.

i agree that forcing your children to understand investment since they are small is unnecessary, because it is better for children to go to school and play. there is time to help them understand investment, maybe in junior high school we as parents can give them a little bit of investment lessons, because at that age their brains can already process learning related to investment and things related to it.
We are aware that some things are innately transmitted from parents to their offspring. However, pushing people to invest isn't a really a good idea. Give them permission to enjoy their youth, and as a result, some kids won't even know what play or affection are when they grow up. They need more time to truly grasp that life is about more than simply trying to make ends meet since they are constantly too serious. If they even continue going to school there a lot of things they will learn and when there time come they will perform very well. The parent should just allow the whole process play out. And not force.

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March 24, 2024, 05:42:45 PM
 #128

….
Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.

i agree that forcing your children to understand investment since they are small is unnecessary, because it is better for children to go to school and play. there is time to help them understand investment, maybe in junior high school we as parents can give them a little bit of investment lessons, because at that age their brains can already process learning related to investment and things related to it.

Nowadays children are of computer age they are very fast in learning new things, new ideas and they are very fast to understand and put in practice what they see most adults do easily introducing them to things thatcwil be of great benefits to them as they keep growing won't affect their performance in school nor stop them from playing but it will give them an edge to keep in mind that they will be doing the kind of investment they see their parents or guidance do. Of course you won't start introducing them when they are at the age when they know nothing about computer nor how to operate cell phones nor other gaming devices but you start grooming them to start liking investment once they have come of age and are interested to also learn it should not be forced on them though.

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March 24, 2024, 06:13:01 PM
 #129

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?
it's not necessary to expose your children to your wealth at an early age. Some might become lazy because they might appear as though their future as already been sorted out and so thier is no need to hustle again. Treat them well and don't deny them of any previledges they are entitled to but don't allow them to suffer because you're trying to pass the right moral training to them.

It's good to also ensure that your investment are secured and in safe hands so if anything happens to your impromptu, they wouldn't have difficulty accessing your wealth.

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March 24, 2024, 06:35:35 PM
 #130

Children's ages in terms of responsibility vary and parents must recognize this first if they want to teach investing to their children. It is natural for parents to teach their children how to earn money so that when the child grows up and has responsibilities with his family, he can adapt more quickly to earning money. Every parent does have a responsibility to direct their children to be better prepared to live life, but parents do not need to force their wishes so that their children can follow in their footsteps.
Apart from that, not all children today want to follow in their parents' footsteps by what their parents did in the past. Because a child also has his own dreams and desires in organizing his life after going through several levels of education which are necessary for him, so this must also be understood by every parent even though the goal of the parents is to be able to earn money in a way that is not so difficult in future. But as parents who are good at educating their children, they also need to see it as a positive point if their own children have better desires than them for the future.

Quote
If we're honest, our parents never introduced us to investing or trading, but there was always a way for us to get involved. And vice versa for our children because I'm sure one day they will find their own way to earn money. Although we see great potential in bitcoin and I would rather advise them to learn to know it themselves so they can be more responsible when making investments.
Our parents don't need to tell us how to invest and trade, especially if our parents don't come from a crypto background and have never known about Bitcoin. But it is also not impossible for us to know for ourselves after undergoing some special learning through anything so that we ourselves can also make wiser decisions when we want to do work such as trading and investing in the best assets such as Bitcoin. So each person is more likely to find a different path when they live life independently without relying on their parents at any given time.

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March 25, 2024, 05:39:21 AM
 #131

I am a prime example of how raising your children and staring them on everything possible as early as possible is life changing.  My father was an extremely successful guy who was very investment savvy.  I remember being 7-8 years old seeing him sit at his computer placing stock trades.  I remember him teaching me, and it just being so damn confusing and I'll never forget saying "I'll never understand this stuff, it's so interesting and cool but man, I can't wrap my brain around it".  Well now it's what I do for a living, teach people about investing, as a financial advisor.  I take great pride in being an ethical advisor and doing things the right way.  I have my father to thank, I just wish he'd have been around to see it.  So heck yes, there's absolutely nothing wrong with teaching them at age 1!  I kid, but seriously.  My favorite legendary hacktavist's father use to play educational tapes for him when he was a baby in the crib.  His mother thought he was nuts.  The guy become a genius programmer, and Mr Robot the tv show in part is based off of him.  It's never to early for those of you parents in this thread.  Of course don't shove it down their throats, but introduce all sorts of stuff to them.  It will pay off.

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March 25, 2024, 10:30:23 AM
 #132

I guess it is bad idea to hide any income or money saved or invested for "training" a offspring. Sure, being transparent might make them demand to purchase something, but then educating them about good and bad investments will be better. It will be bad to give them big money before they are mature, but they should at the least know the resources and funds stored or earned for them and for their future by their parents, because death is certain and can come at anytime and all those complications like "hidden money" etc. can cause fights, or a reason for struggle for the rest of the family. Cheesy

It depends on how you raise your child, I agree that it's better not being too transparent to them when it comes to your savings but
the only thing we are talking about here is teaching them how to manage their finances, savings and investments (if there's some) while they are still young, because there is a great possibility that once they know how to properly handle their money, they will no longer be dependent on their parents when the time came when they were getting old. Most people from South East Asian countries, even though the children are of legal age, they still depend on their parents and do not know how to handle their own money and income, so there are instances where the parents are also in charge in everything because their child is in the right and legal age already but all decisions in life of them still depend on their parents. You said, We don't know when we will die or disappear from their company, so it is better to do it while they are young and when they think everything about it, they will learn as early as now.



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March 25, 2024, 10:52:34 AM
 #133

I am a prime example of how raising your children and staring them on everything possible as early as possible is life changing.  My father was an extremely successful guy who was very investment savvy.  I remember being 7-8 years old seeing him sit at his computer placing stock trades.  I remember him teaching me, and it just being so damn confusing and I'll never forget saying "I'll never understand this stuff, it's so interesting and cool but man, I can't wrap my brain around it".  Well now it's what I do for a living, teach people about investing, as a financial advisor.  I take great pride in being an ethical advisor and doing things the right way.  I have my father to thank, I just wish he'd have been around to see it.  So heck yes, there's absolutely nothing wrong with teaching them at age 1!  I kid, but seriously.  My favorite legendary hacktavist's father use to play educational tapes for him when he was a baby in the crib.  His mother thought he was nuts.  The guy become a genius programmer, and Mr Robot the tv show in part is based off of him.  It's never to early for those of you parents in this thread.  Of course don't shove it down their throats, but introduce all sorts of stuff to them.  It will pay off.

Isnt this story is about early teaching, but about being an example? I mean you have become successful and what you are now not because you were taught to be like this, but your father was a living example of success. With his success, he has infected you with success. It was not him that taught you, but you looked at him and wanted to become that "extremely successful guy" and he only gave you the direction? So instead of early expose children to things, we should become successful in investment and the kids will become like us. Its children dream "to be like my father or mother". But not our duty to create from children something that we havent achieved or succeed.

R


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March 25, 2024, 04:13:31 PM
 #134

I am a prime example of how raising your children and staring them on everything possible as early as possible is life changing.  My father was an extremely successful guy who was very investment savvy.  I remember being 7-8 years old seeing him sit at his computer placing stock trades.  I remember him teaching me, and it just being so damn confusing and I'll never forget saying "I'll never understand this stuff, it's so interesting and cool but man, I can't wrap my brain around it".  Well now it's what I do for a living, teach people about investing, as a financial advisor.  I take great pride in being an ethical advisor and doing things the right way.  I have my father to thank, I just wish he'd have been around to see it.  So heck yes, there's absolutely nothing wrong with teaching them at age 1!  I kid, but seriously.  My favorite legendary hacktavist's father use to play educational tapes for him when he was a baby in the crib.  His mother thought he was nuts.  The guy become a genius programmer, and Mr Robot the tv show in part is based off of him.  It's never to early for those of you parents in this thread.  Of course don't shove it down their throats, but introduce all sorts of stuff to them.  It will pay off.
Isnt this story is about early teaching, but about being an example? I mean you have become successful and what you are now not because you were taught to be like this, but your father was a living example of success. With his success, he has infected you with success. It was not him that taught you, but you looked at him and wanted to become that "extremely successful guy" and he only gave you the direction? So instead of early expose children to things, we should become successful in investment and the kids will become like us. Its children dream "to be like my father or mother". But not our duty to create from children something that we havent achieved or succeed.
It is true that every child will certainly aspire to be like their parents in doing everything and as you have said, make ourselves successful first as parents so that we can be good role models for our children later and if as parents we cannot be successful in a field while they force their children to be successful in that field of course they will be very unlikely to be successful according to our wishes, because they may not like the field we want to teach them, but if we have been successful in a field Of course they will be interested in learning what we have achieved.
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March 25, 2024, 06:18:59 PM
 #135

There's no better time to expose your children to your investment and business as they will start early and be exposed to their parents are doing and it will give them a better understanding of how the business and investment is
This is good because when ever the parents are no more the business will be in safe hands, because allot of business have closed down due to lack of sufficient knowledge by the children when they take away after the demise of their parents
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March 26, 2024, 01:43:54 AM
 #136

….
Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.


All these wealthy people are constantly searching for ways to raise their kids in a way that differs from that of the average person.

I've noticed that one as well. These wealthy people raise their children just like how everyone else raise their children by not taking away their childhood traits forcibly to focus on money making aspects. But, they are raised without getting spoiled with money to spend on all useless things. In fact they are being taught how to spend money wisely and how to be resourceful even with a lot of money the parents have. Again, these are being taught without stealing away their childhood traits. This is the difference between wealthy people raising their children and the average one who just let their children enjoy spending mindlessly.


R


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March 26, 2024, 03:51:30 AM
 #137

I think children should be given formal education through which they can easily understand good and bad.  Education will free people from blindness and will surely make a smart life warrior.  Besides formal education they must be taught morals and religious knowledge.  They also need to be trained as hardworking and thrifty.  A wise and talented child can multiply the meager wealth of his parents by his knowledge.  On the other hand  a spoilded child may lose his father's reign.  But it is also true that a child takes a long time to mature.  An accident may happen to either of his parents or both of them.  That's why I think parents should document any major investment from the outset to smooth the way for their child.  It means that even if the parent has enough financial resources, it can never be desirable that his child will be deprived and his child will be neglected in the society.  So I think parents must pay attention to this.
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March 26, 2024, 09:14:13 AM
 #138

….
Children, let them have children's character... forcing them to grow up too quickly, I don't think is a good idea... What is certain is that when they grow up, we hope that a child can make our investment experience a good lesson.


All these wealthy people are constantly searching for ways to raise their kids in a way that differs from that of the average person.

I've noticed that one as well. These wealthy people raise their children just like how everyone else raise their children by not taking away their childhood traits forcibly to focus on money making aspects. But, they are raised without getting spoiled with money to spend on all useless things. In fact they are being taught how to spend money wisely and how to be resourceful even with a lot of money the parents have. Again, these are being taught without stealing away their childhood traits. This is the difference between wealthy people raising their children and the average one who just let their children enjoy spending mindlessly.


Also wealthy people raise their kids in a different way to make their kids have different vision on certain things. To create an ability to see from different angle. Where average person see just a result, others might see an opportunity. Or they raise them differently, to make kids understand that there is always another option. While many see 2+2=4, they teach that 2+2=2*2.

Back on the topic. A lot of parents are trying to realize their unfulfilled dreams or achievements with their children. And teaching about investment is one of such things. Why would children even learn about investment at their early age? To have a lot of money, that they dont care right now?

R


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March 26, 2024, 09:18:41 AM
 #139

I've noticed that one as well. These wealthy people raise their children just like how everyone else raise their children by not taking away their childhood traits forcibly to focus on money making aspects. But, they are raised without getting spoiled with money to spend on all useless things. In fact they are being taught how to spend money wisely and how to be resourceful even with a lot of money the parents have. Again, these are being taught without stealing away their childhood traits. This is the difference between wealthy people raising their children and the average one who just let their children enjoy spending mindlessly.

When parents raise their children not by pampering them, of course the children will be better prepared to face various situations in their lives and they will also be able to survive by earning their own income to meet their needs and not depend on their parents, of course this is it would be better than pampering children so that they would have difficulty if when they grow up they can no longer get attention from their parents.
And for those who can spend their money on the things they need, of course when they have their own income they will be able to manage their finances well.
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March 26, 2024, 05:33:52 PM
 #140

When parents raise their children not by pampering them, of course the children will be better prepared to face various situations in their lives and they will also be able to survive by earning their own income to meet their needs and not depend on their parents, of course this is it would be better than pampering children so that they would have difficulty if when they grow up they can no longer get attention from their parents.
And for those who can spend their money on the things they need, of course when they have their own income they will be able to manage their finances well.

I think at certain stage parents should show their harsh action to their children because a continues tampering will make their children to adopt bad habits. Those children will be successful who learn about saving from an early age so they can easily save money and invest when needed.

 Parents should not allow huge sum of money to use by their children because excessive money is the only thing that often spoils the children. Previously people were dependent on government job which was only possible if children reach to the age of 18 years. But now there are lots of online jobs which we can introduce to our children so they will be able to earn by themselves without depending on parents.



 

 

 

 

 

 


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March 26, 2024, 06:03:23 PM
 #141

Back on the topic. A lot of parents are trying to realize their unfulfilled dreams or achievements with their children. And teaching about investment is one of such things.
This is true, when they've got unfulfilled dreams these parents just want to see their children fulfill it and become successful with it. But as a parent, it's a normal act when they teach them everything that they want to know.

And it will depend on their kid if they want to get into investment but most likely, many of these children won't have an idea why they have to go with it because all they know is to play.

But kids nowadays are different as many are also fond of learning for more.

Why would children even learn about investment at their early age? To have a lot of money, that they dont care right now?
It depends on your perspective, if your kid shows interest on it then give them access into learning more about it. Otherwise, just give them some idea on what investing is.

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March 26, 2024, 08:00:25 PM
 #142

It is true that not every kid could understand the concept at the same age, while you can teach one at 7 years old and would understand, the other may not still understand at 14, it depends on their interest. Don't get me wrong, I am not saying anyone who doesn't understand it at the age of 7 could be stupid, far from the truth, people who are 7 year old are just kids, and you need to be a lot more careful about what you are wishing for if you want them to understand it, if they have an interest on it then they would ,but maybe that kid would not understand anything about art at all, until they are in their 20's, or they do not get anything about something else, basically it is not about how smart you are, it's about how interested the kid is.
We can direct them to become more mature in terms of finances, but that will not necessarily be a reason for them to follow our way of earning money. Every child has differences in understanding problems and maybe ages can vary, when parents don't understand the child, it doesn't actually become a solution but instead the child becomes more stressed by what they are taught. We can direct our children according to our wishes, but we give them the freedom to choose, there is no parent who doesn't want to see their child succeed financially, but not everyone has the same path.

Provide an understanding of investing and let them understand it in a way so that when they are interested they will be much more enthusiastic about learning about it. I was taught to work in the government but it didn't make me get that job, and vice versa with several other children. Parents should not pressure them but are required to direct their children to be better prepared to face life as adults.

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March 26, 2024, 11:54:01 PM
 #143

I think children should be given formal education through which they can easily understand good and bad.  Education will free people from blindness and will surely make a smart life warrior.  Besides formal education they must be taught morals and religious knowledge.
And that's why teaching them about wealth and investments are desirable. They will see the reality of it that many of the rich people have obtained their wealth through investing.

Once this sinks in to the mind of the child, they'll understand that it should be their focus as they grow older and that will help them reach their goals through investing.

But definitely, there should be a start of it and it should lightly taught to them and not get into the whole point as they need to learn slowly.



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March 27, 2024, 08:36:56 AM
 #144

Back on the topic. A lot of parents are trying to realize their unfulfilled dreams or achievements with their children. And teaching about investment is one of such things.
This is true, when they've got unfulfilled dreams these parents just want to see their children fulfill it and become successful with it. But as a parent, it's a normal act when they teach them everything that they want to know.

And it will depend on their kid if they want to get into investment but most likely, many of these children won't have an idea why they have to go with it because all they know is to play.

But kids nowadays are different as many are also fond of learning for more.

Why would children even learn about investment at their early age? To have a lot of money, that they dont care right now?
It depends on your perspective, if your kid shows interest on it then give them access into learning more about it. Otherwise, just give them some idea on what investing is.

That is no doubtfully is true. If kids show interest to certain things, then parents should pay attention to that and support them. But for me it is totally inacceptable when parents vision on situation is following: "my kids must learn about investment, because if they do it early, they will become rich quicker". Its parents wish to become rich with help of kids, not kids desire to be rich. Kids do want to be rich, but this is just a dream, a fantasy, not their life goal.

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March 27, 2024, 02:05:11 PM
 #145

It is true that not every kid could understand the concept at the same age, while you can teach one at 7 years old and would understand, the other may not still understand at 14, it depends on their interest. Don't get me wrong, I am not saying anyone who doesn't understand it at the age of 7 could be stupid, far from the truth, people who are 7 year old are just kids, and you need to be a lot more careful about what you are wishing for if you want them to understand it, if they have an interest on it then they would ,but maybe that kid would not understand anything about art at all, until they are in their 20's, or they do not get anything about something else, basically it is not about how smart you are, it's about how interested the kid is.
We can direct them to become more mature in terms of finances, but that will not necessarily be a reason for them to follow our way of earning money. Every child has differences in understanding problems and maybe ages can vary, when parents don't understand the child, it doesn't actually become a solution but instead the child becomes more stressed by what they are taught. We can direct our children according to our wishes, but we give them the freedom to choose, there is no parent who doesn't want to see their child succeed financially, but not everyone has the same path.

Provide an understanding of investing and let them understand it in a way so that when they are interested they will be much more enthusiastic about learning about it. I was taught to work in the government but it didn't make me get that job, and vice versa with several other children. Parents should not pressure them but are required to direct their children to be better prepared to face life as adults.
Financial advice for kids. This isn't about creating mini-us. It equips children to negotiate their financial world, which will be very different from ours. We need to encourage adaptation, problem-solving, and resilient thinking, not just obedience

The pressure-guidance debate? Real. Fear-based judgments result from pressure. Guidance? Showing them the options builds their confidence to choose. We must remember that individual journey is unique

Mental and emotional engagement is key. Give students critical thinking skills, not just facts. Grow your curiosity about the unknown. Raised for a 9-to-5? No problem. They may construct an empire or live off-grid. Opening doors is our role, not forcing people through one. Move past bank balances. I want fire in their eyes. Purpose. An want to live their own way financially and otherwise.  THAT'S the legacy and win

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March 27, 2024, 08:07:51 PM
 #146

It depends on your perspective, if your kid shows interest on it then give them access into learning more about it. Otherwise, just give them some idea on what investing is.

That is no doubtfully is true. If kids show interest to certain things, then parents should pay attention to that and support them. But for me it is totally inacceptable when parents vision on situation is following: "my kids must learn about investment, because if they do it early, they will become rich quicker". Its parents wish to become rich with help of kids, not kids desire to be rich. Kids do want to be rich, but this is just a dream, a fantasy, not their life goal.
That's the thinking of the majority but for me, I've got a different perspective about that. While young, the more information and learning they take then they'd be having a lot of thought about things that the other kids aren't ready to discover.

But this depends on how's your parenting and it's also a valid thought of yours that they shouldn't get stuck into that thinking.

As for me, kids learning at an early stage about investing is a good one. It is going to teach them how to be wiser with money and the rest about getting rich, they'll discover that at their right ages.

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March 27, 2024, 08:29:38 PM
 #147


at least expose those kids to money and tell them this is how you make money or something like that because their fathers are their heroes. they will look at what parents are doing. kids look up to their parents and follow their steps.

you may not teach them for now how to invest but when they see you are in front of the computer and know that you are working, they will understand its how you make money.









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March 27, 2024, 09:20:35 PM
 #148


at least expose those kids to money and tell them this is how you make money or something like that because their fathers are their heroes. they will look at what parents are doing. kids look up to their parents and follow their steps.

you may not teach them for now how to invest but when they see you are in front of the computer and know that you are working, they will understand its how you make money.
Regardless of their age, if these kids will constantly observe their parents working hard in making money, then it will be easier for them to understand how to make money and its advantages on making our lives more convenient to live. However, with regards to teaching them about investments, that would be more complex for them at a young age and they will never understand it, but I believe when they reach a mature age, what their parents keep telling them will also become clearer to them until they finally develop their own interest to invest and make money as well.

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March 28, 2024, 07:23:42 AM
 #149

Financial advice for kids. This isn't about creating mini-us. It equips children to negotiate their financial world, which will be very different from ours. We need to encourage adaptation, problem-solving, and resilient thinking, not just obedience

The pressure-guidance debate? Real. Fear-based judgments result from pressure. Guidance? Showing them the options builds their confidence to choose. We must remember that individual journey is unique

Mental and emotional engagement is key. Give students critical thinking skills, not just facts. Grow your curiosity about the unknown. Raised for a 9-to-5? No problem. They may construct an empire or live off-grid. Opening doors is our role, not forcing people through one. Move past bank balances. I want fire in their eyes. Purpose. An want to live their own way financially and otherwise.  THAT'S the legacy and win
That is true, considering the trouble we are having right now, we should be teaching kids to be a bit more careful with their financial situation and be ready for the future. This isn't just the time about teaching lemonade stand, that doesn't make sense and it doesn't really work, it was a good idea to teach business for a while, but that doesn't mean they will learn it.

I think it is time to teach the kids something better something bigger, it is time to teach kids how they could figure out a way to use money to make more money, that is not easy for little kids but if anyone can figure that out, and teach their kids, those kids will do much better in the future. Otherwise, they will just earn salary like all of us.

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March 28, 2024, 08:06:10 AM
 #150

It depends on your perspective, if your kid shows interest on it then give them access into learning more about it. Otherwise, just give them some idea on what investing is.

That is no doubtfully is true. If kids show interest to certain things, then parents should pay attention to that and support them. But for me it is totally inacceptable when parents vision on situation is following: "my kids must learn about investment, because if they do it early, they will become rich quicker". Its parents wish to become rich with help of kids, not kids desire to be rich. Kids do want to be rich, but this is just a dream, a fantasy, not their life goal.
That's the thinking of the majority but for me, I've got a different perspective about that. While young, the more information and learning they take then they'd be having a lot of thought about things that the other kids aren't ready to discover.

But this depends on how's your parenting and it's also a valid thought of yours that they shouldn't get stuck into that thinking.

As for me, kids learning at an early stage about investing is a good one. It is going to teach them how to be wiser with money and the rest about getting rich, they'll discover that at their right ages.

Or it might turn kid into unhappy kid if all he is thinking about and spending money on is investing. Other kids buy toys and sweets, but this kids only invest and envy other kids. And what would little kid invest into? Someone told him that "this new toy will be cool in 10 years, or this game will be in hot sales" and he will invest all money in that. Kids trust everything. How can they do a serious research at that age? You will say with a help of a parent. But it will turn into parent doing all the work, but the kid only gives money. This isnt learning and investing, this is giving/borrowing money to a parent for certain time.

It is good that they know what investing is and what he might achieve with that. But forcing to do that or insisting that "if he would not do that as early as possible, then he would never be rich" is wrong. Parents would better put more effort on motivating kids to study more at school or university.

R


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March 28, 2024, 02:26:14 PM
 #151

I think children should be given formal education through which they can easily understand good and bad.  Education will free people from blindness and will surely make a smart life warrior.  Besides formal education they must be taught morals and religious knowledge.
And that's why teaching them about wealth and investments are desirable. They will see the reality of it that many of the rich people have obtained their wealth through investing.

Once this sinks in to the mind of the child, they'll understand that it should be their focus as they grow older and that will help them reach their goals through investing.

But definitely, there should be a start of it and it should lightly taught to them and not get into the whole point as they need to learn slowly.
All these things are good for our children to know about but the most important thing is to know the right time that they are supposed to know about this things. Learning for kids is stage by stage , if they are taught at the wrong time it may not have any good effect on them. Timing is important in the life of children,  I think the best time for children to know all this things is during the adolescents age when they have the ability to think and see the reality of life.

Financial education is one of the lessons that every kids needs to know about because it will build them as they grow to make the right Financial plan  and good financial decision that will help them.

R


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March 28, 2024, 03:02:37 PM
 #152

As for me, kids learning at an early stage about investing is a good one. It is going to teach them how to be wiser with money and the rest about getting rich, they'll discover that at their right ages.

Or it might turn kid into unhappy kid if all he is thinking about and spending money on is investing. Other kids buy toys and sweets, but this kids only invest and envy other kids. And what would little kid invest into? Someone told him that "this new toy will be cool in 10 years, or this game will be in hot sales" and he will invest all money in that. Kids trust everything. How can they do a serious research at that age? You will say with a help of a parent. But it will turn into parent doing all the work, but the kid only gives money. This isnt learning and investing, this is giving/borrowing money to a parent for certain time.

It is good that they know what investing is and what he might achieve with that. But forcing to do that or insisting that "if he would not do that as early as possible, then he would never be rich" is wrong. Parents would better put more effort on motivating kids to study more at school or university.
Well, that's what you think about kid learning investing too early which is also possible. But this modern day is different. More kids want to learn something new and they've got more source of information nowadays.

I don't know, but I would not disagree to what you're saying because that's your opinion and it's possible to have those kids with that mindset.

But I wouldn't explain further about a kid learning about investing on their very young age but it's beautiful that we do have different thoughts about it.

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March 28, 2024, 04:07:12 PM
 #153

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?
Maybe you can read a little about the history of the Chinese, how they apply investment to children, in general they have educated their children from elementary to middle school, This means it is estimated that around the age of 6 years to 20 years, ages 6-20 years are still under parental control, they teach children how to invest and so on which are related to their future in their economic life and it is proven that China is one of the countries and economically prosperous communities.

For this reason, we see that the average person thinks about how to invest from an early age, most of them are successful from an economic perspective, What's more, now that Bitcoin is circulating in remote communities, it will be even easier for ordinary people to teach their children to invest in crypto and the internet can now easily be accessed anywhere.

R


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March 28, 2024, 05:26:48 PM
 #154

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?

When you let your children understand the difference between money working for someone and working for money, they will appreciate you and how do you prove that to them, it's by enrolling them into school investment, not necessary you take them outside, you can give them formal education of wealth right under your roof and as you are teaching them, there should be practical aspect of it going under your management, don't show them what you have invested for them until they become overage.

What you shouldn't do is make sure they don't have access to money too much, your teaching will be worthless if they don't get that guide. By the time they grow up, they will value everything you teach them and continue on that path that you have set for them, every penny that comes their way will go right into investment instead of wasting them on clubs and other things that doesn't matter.

R


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March 28, 2024, 07:46:43 PM
 #155

Some people believe that it is important to tell their children about their wealth and investment as early as possible, so that the children can understand the value of money and investment, and they can learn how to manage money and resources well. This kind of exposure can help the children to understand how their family acquired their wealth and why it is important to manage it wisely.

So, if their family has a culture that they practice when it comes to wealth and money, that can help them to guide their decision about how much information to share with their children. It is also important to remember that children do not stay young forever

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March 28, 2024, 07:59:23 PM
 #156

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?

When you let your children understand the difference between money working for someone and working for money, they will appreciate you and how do you prove that to them, it's by enrolling them into school investment, not necessary you take them outside, you can give them formal education of wealth right under your roof and as you are teaching them, there should be practical aspect of it going under your management, don't show them what you have invested for them until they become overage.

What you shouldn't do is make sure they don't have access to money too much, your teaching will be worthless if they don't get that guide. By the time they grow up, they will value everything you teach them and continue on that path that you have set for them, every penny that comes their way will go right into investment instead of wasting them on clubs and other things that doesn't matter.
Everything would really be perfect on the right time for it to be told into them on which on the time that you've seen that they are mature enough on hearing up those things from you because if you
would really be trying out to teach too early then it might not really be that ended up on getting absorbed or be learnt off with because they arent really that something interested into it. This is why one of the recognitions that you would really be needing up is to consider and see for yourself whether they are mature enough already or not.

If you have test out but it turns out that he's not really not that interested then dont make yourself that too forceful because it would really be just that creating that kind of problem on which it might
really be that making things more messy rather than on being that organized. So it would be better that you should really be needing to consider on when is the right time.

R


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March 28, 2024, 08:26:27 PM
 #157


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?
It is not a problem if it is only limited to knowledge but it will be something wrong if it is imposed prematurely.
Indeed, when we as parents want to provide the best things for our children so that they can do better things in their future lives because every parent's desire must want better things done by their children in terms of achievement and financial condition and will even be proud if a child is more successful than his parents.

But in the end, the method given must also be in accordance with the age they have so it is important to teach and guide children, especially in investment issues so that at least to be able to invest in the future. children, especially in investment issues so that at least for their future a little guaranteed with more mature thinking about the economy in the end gives hope that our children will know better that economic improvement is important but on the other hand never impose the will that we want to do to the child because that is precisely what makes the situation more difficult because in the end when a child who is not old enough in terms of age is trapped with coercion to be in investment then it will never connect and actually make the child become intimidated so teaching is important but not to impose our will because our children also have their own path in navigating their lives.

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March 29, 2024, 04:46:46 PM
 #158

I am a prime example of how raising your children and staring them on everything possible as early as possible is life changing.  My father was an extremely successful guy who was very investment savvy.  I remember being 7-8 years old seeing him sit at his computer placing stock trades.  I remember him teaching me, and it just being so damn confusing and I'll never forget saying "I'll never understand this stuff, it's so interesting and cool but man, I can't wrap my brain around it".  Well now it's what I do for a living, teach people about investing, as a financial advisor.  I take great pride in being an ethical advisor and doing things the right way.  I have my father to thank, I just wish he'd have been around to see it.  So heck yes, there's absolutely nothing wrong with teaching them at age 1!  I kid, but seriously.  My favorite legendary hacktavist's father use to play educational tapes for him when he was a baby in the crib.  His mother thought he was nuts.  The guy become a genius programmer, and Mr Robot the tv show in part is based off of him.  It's never to early for those of you parents in this thread.  Of course don't shove it down their throats, but introduce all sorts of stuff to them.  It will pay off.
First of all, glad to know that your father took a good step and made you successful. It is said that a child's mind is like a new book on which whatever you write will be written clearly. I believe that many things children can learn through love, they cannot learn through anger or pressure. If children are started to be told about money and its importance from the very beginning, interest will develop in children.

And when we are interested in something, we learn it quickly instead of doing it by force. Parents can never wish harm to their children, parents are the only ones who want to see their children succeed even more than themselves. So definitely, parents do very well to teach their children from the beginning to live and cope with life.

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March 29, 2024, 05:58:59 PM
 #159

As for me, kids learning at an early stage about investing is a good one. It is going to teach them how to be wiser with money and the rest about getting rich, they'll discover that at their right ages.

Or it might turn kid into unhappy kid if all he is thinking about and spending money on is investing. Other kids buy toys and sweets, but this kids only invest and envy other kids. And what would little kid invest into? Someone told him that "this new toy will be cool in 10 years, or this game will be in hot sales" and he will invest all money in that. Kids trust everything. How can they do a serious research at that age? You will say with a help of a parent. But it will turn into parent doing all the work, but the kid only gives money. This isnt learning and investing, this is giving/borrowing money to a parent for certain time.

It is good that they know what investing is and what he might achieve with that. But forcing to do that or insisting that "if he would not do that as early as possible, then he would never be rich" is wrong. Parents would better put more effort on motivating kids to study more at school or university.
Well, that's what you think about kid learning investing too early which is also possible. But this modern day is different. More kids want to learn something new and they've got more source of information nowadays.

I don't know, but I would not disagree to what you're saying because that's your opinion and it's possible to have those kids with that mindset.

But I wouldn't explain further about a kid learning about investing on their very young age but it's beautiful that we do have different thoughts about it.

I would like to comment following. I have never seen modern kids going to their parents and asking to teach them how to earn money. I have only seen kids saying I want money. But when they are offered to earn (from working or from investing, does not matter), they quickly drop any interest to that. From my age, everyone who is younger than 18 is still a kid, but I havent seen for example 10 years old kids wanting to learn something. I have only seen 16-18 years old kids that wanted to know, to learn, to try, to find out something. At this age, its is acceptable to teach them how to invest. In fact they probably study investing at school already. But a young kids, a way to busy «doing nothing».

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March 29, 2024, 06:18:12 PM
 #160


at least expose those kids to money and tell them this is how you make money or something like that because their fathers are their heroes. they will look at what parents are doing. kids look up to their parents and follow their steps.

you may not teach them for now how to invest but when they see you are in front of the computer and know that you are working, they will understand its how you make money.
I also think like that because people who easily imitate someone's behavior are our own children and I see that very often in life. So it wouldn't be wrong for us to show our own children how to earn money when they are old enough to understand how to earn money and use it in life. Because there is a time for a child to receive certain teachings from his own father in terms of working and earning money and guiding him to achieve good success in his life even though his life path will not always be the same as the one we are living now.

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March 29, 2024, 06:34:10 PM
 #161

Some people believe that it is important to tell their children about their wealth and investment as early as possible, so that the children can understand the value of money and investment, and they can learn how to manage money and resources well. This kind of exposure can help the children to understand how their family acquired their wealth and why it is important to manage it wisely.

So, if their family has a culture that they practice when it comes to wealth and money, that can help them to guide their decision about how much information to share with their children. It is also important to remember that children do not stay young forever

Parents should share their earning strategies with their children because a child will not always depends on their parents wealth and if a children learn well early about earning then they don't see any difficulties in future and their mind is prepared for making their financial system better.

Children when they are in early age should be involved in online earning so they will become familiar with the earning technologies and they will know better that how their parents are earning through their hardwork.
If we don't teach them about earning and give them ready-made things and comfortable life without leaving them to earn through utilising their power then they will become lazy and doing job will become hard for them when they get older and their parents cannot support them.



 

 

 

 

 

 


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