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Empowering people to figure stuff out on their own is the best way to teach. My Dad handed me the reins to out a small stock account with my own, my siblings an
by jmj4 15y ago
Empowering people to figure stuff out on their own is the best way to teach. My Dad handed me the reins to out a small stock account with my own, my siblings and some of his money when I was 11. Man, can that motivate you to learn. I'd read 20 investing books by the time I got into high school. And fundamentally the most important thing it taught me was how to think about money. And its was so effortless on his part.
On a similar note, Warren Buffet made around $50,000 by the time he graduated high school by owning several vending machines, among other things.