No, it’s not too early. Conversations with your children and grandchildren about investing are important at even very young ages. They don’t need to watch the markets or even put money away themselves, but teaching them the principles of giving something up today in order to receive something greater tomorrow is a valuable lesson. Patience, prudence, and planning can put children on the right track. If you need inspiration, show them this chart of what compound interest can do for them. Saving a little today can be much better than saving a lot tomorrow.
Action Line: These lessons aren’t just for children and teens. Young adults right out of college or high school need them more than ever. If you need to catch up on those lessons with your young adult, click here to download my free Special Report: How To Invest After Graduating College.
