Early exposure of children to wealth and investments

[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?

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.

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[Gormicsta]

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.

[FatFork]

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!

[Youngkhngdiddy]

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.

[decodx]

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.

[erep]

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.

[Huppercase]

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.

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.

[darkangel11]

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.

[southerngentuk]

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.

[oktana]

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.

[Belarge]

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.

[redsun114]

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.

[Casdinyard]

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.

[AnonBitCoiner]

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.

[Iroh]

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.

[Humblevirus]

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. 

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. 

[reagansimms]

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.

[boty]

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.

[ancafe]

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.

[odunybiz]

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.