Published May 24th, 2007
in Young Investors.
Source: Morningstar
By Sue Stevens, CFA, CFP, CPA
Summer offers a perfect time for kids to learn about the joys of putting in a good day’s work. Work can also help a child learn about money–how to make it, how to spend it, and how to invest it.
The best way to learn anything is to make it fun. So you can help your children find the “right” jobs by talking to them about what they like to do. Keep in mind that grandparents tend to be prime customers for kids looking to help out and earn some extra cash. Not only can they spend more time together, they can help each other in the process.
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Published April 21st, 2007
in Entrepreneurship and Young Investors.
What were you doing when you were 15 years old? Jasmine was discussing her million dollar business on Oprah.
Source: Financial Times
Two years ago, nearly all Jasmine Lawrence’s hair fell out after a chemical perm went horribly wrong. Today, partly because of that accident, she is at the helm of a haircare products group whose sales could top $1m this year.
Not a bad achievement for someone who cannot yet drive, drink alcohol or sign most legal documents: Ms Lawrence, the founder and chief executive of Eden Body Works, is 15 years old.
At the age of 15, she has already learned the difference between a life of financial independence and one tied to a 9 to 5. A 9 to 5′er would have filed a lawsuit - she saw an opportunity.
Read about her days leading up to the Oprah show here….
Published February 15th, 2007
in Young Investors.
It’s never too early to get started.
Source: FastWeb
Stephen Borkowski
When Todd Romer was 16 years old he bought 10 shares of Johnson & Johnson stock with money he earned mowing lawns. “That was a tremendous lesson,” he says. Now he’s the editor of Young Money magazine, a publication he founded in 1999.
Becoming an Investor
Investing while you’re a high school or college student isn’t as outrageous an idea as you might think. “People think to become an investor you have to be 40 years old, and have hundreds of thousands of dollars,” Romer says. He started with $430, but you could start with even less than that.
And you don’t need an advanced business degree to learn good investing skills. “When you break it down, they’re very simple concepts to understand,” Dayana Yochim, senior writer for The Motley Fool, says. There are an array of books and Web sites you can use to educate yourself (check out the list at the bottom of this article).
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Published January 5th, 2007
in Investing - General and Young Investors.
This looks like an interesting resource for new investors or parents interested in teaching their kids about investing. I haven’t read all of the articles, but there is bound to be a couple of good ones. If any particular ones stand out - leave a mention in the comment section.
http://www.buckinvestor.com/
Published October 20th, 2006
in Personal Finance 101 and Young Investors.
If you are a parent and if this article doesn’t make you uncomfortable - I don’t know what will. Financial illiteracy among our youth is rampant. The majority of college seniors have 4 or more credit cards and the average college senior carries a credit card balance of $3000; one in every 10 college students have more than $7000 of debt; and many college students pay more in interest on their credit cards than their student loans.
If you don’t teach them early - your 22 year commitment to room and board will turn into 30 or 35 years.
Source: Market Watch
by Thomas Kistigen
National Council on Economic Education (NCEE) surveys show that nearly half of the young people in America don’t understand how to save and invest for retirement nor how to handle credit cards and don’t know the difference between inflation and recession nor how government spending affects them.
If we fail to act now to improve economic literacy in this country, our children will be at risk for crippling personal debt, costly decisions at work and at home, and lack competitive skills in a fast-paced global economy,” NCEE says.
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Published September 1st, 2006
in Young Investors.
This article is targeted towards young investors, but older investors can learn a thing or two from it. Share this article with your kids.
Source: Fund Advice
Investors in their 20s have a golden opportunity to start out right, if they learn and follow 10 easy lessons. In this article, Paul Merriman teaches those lessons and gives a self-grading test on each one. Can you score 100?
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Published August 25th, 2006
in Young Investors.
Your children already spend way too much time on the Web. Why not start them on some fun Web sites that teach them sound investment principles.
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Published August 18th, 2006
in Personal Finance 101 and Young Investors.
Source: Market Watch
You’re about to shell out hundreds of dollars on consumer goods: What better time to talk budgeting and personal finance with your children, whether they’re in third grade or heading off to college?
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Published August 11th, 2006
in Young Investors.
Source: Teen Analyst . com
Getting through college can be pretty tough, especially when dealing with a number of issues from studying, partying, and trying to manage your money, or maybe the money your parents gave you. It would be a good idea to save a little money now and invest for your future while we are in one of the best economies this country has ever seen?
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Published July 21st, 2006
in Young Investors.
There are numerous resources to help parents teach their kids about money. Here is a pretty good web site that I found.
younginvestor.com
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