Early exposure of children to wealth and investments

[mirakal]

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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[Kemarit]

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.

[Dr.Bitcoin_Strange]

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. 

[Asuspawer09]

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.

[sekalitas]

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.

[retreat]

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.

[Silberman]

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.

[franky1]

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

[God bless u]

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.

[mindrust]

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.

[MissNonFall9]

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.

[sokani]

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.

[irsykes]

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

[shield132]

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.

[Juse14]

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.

[angrybirdy]

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.

[stomachgrowls]

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.

[Y3shot]

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.

[Mahanton]

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.

[Plaguedeath]

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.