Millennial Money: 5 ways to get kids excited about investing
If you’ve sat your kids down to discuss Roth IRAs and compound interest, you might have been going about things the wrong way
What was your favorite thing to talk about as a kid? Maybe it was dinosaurs, or Barbie or the Magic Treehouse book series. It probably wasn’t compound interest. Getting kids excited about investing can pay off for the rest of their lives — but how do you do it?
Here are five strategies to help get kids interested in investing for good.
1. MAKE IT RELATABLE
Explaining what investing is and why people should care about it can feel like an exercise in futility— the jargon, the math, all the acronyms— but at its core, investing is incredibly simple. Investing means taking the money you already have and using it to make more money without having to do any additional work. When talking with kids, stay away from “Roth IRA,” “dividends” and “return on investment,” and instead focus on the basics.
