Start to Give Investing Mindset to Youngers
Let’s start giving investing and growth mindset to young kids now!
“Success comes from curiosity, concentration, perseverance, and self-criticism.”
- Albert Einstein
I'm sure many of us said or heard "but investing is for the rich" phrase when talking about investing. At least I heard and responded to my good friend by saying: “no, you can’t be rich just because of you don’t invest, you only save.”
I will tell about how it is important to give investing mindset to our teenagers, young kids and what are the wrong beliefs about investing in this post.
Enjoy and don’t forget to apply your own mindset and share with loved ones.
Start to Give Investing Mindset to Youngers
I believe in every teenagers, young adults can do everything if they feel confidence and support come from parents. 💙 This is why it is very important to share growth vision and mindset with our kids in proper age. And growth comes mostly from investment. Saving means standing in the same place or walk backwards -thanks to inflation…
There are few prejudgement about investing. People believe these because of their parents didn’t teach financial literacy in their early ages and it goes as is.
Let’s break the walls and realize the truths!
Investing is for everyone even for teenagers with tiny small amounts.
Yes, indeed!
An investment is the commitment of money, time, or effort in the expectation of obtaining a profit or other benefit in the future. Investments can be made in a variety of assets, including stocks, bonds, real estate, and businesses.
The goal of investing is to grow your wealth over time. By investing your money, you can potentially earn a higher return than you would if you simply kept your money in a savings account. However, it's important to remember that investments are not without risk. There is always the possibility that you could lose money when you invest.
Financial Freedom to Kids never gives an investment advice. You can only find financial literacy and growth mindset posts in blog and instagram account.
Here are some of the most common types of investments:
Stocks: Stocks represent ownership in a company. When you buy stocks, you're buying a piece of the company. If the company does well, the value of your stocks will go up. However, if the company does poorly, the value of your stocks could go down.
Crypto Assets: Crypto assets are a new and volatile asset class, and investing in them can be risky. However, there are also potential rewards for those who are willing to take on the risk.
Bonds: Bonds are loans that you make to a company or government. In return for your loan, the company or government will pay you interest over time. When the bond matures, you will be repaid the full amount of your loan.
Real estate: Real estate is another popular investment. When you buy real estate, you're buying a property that you can rent out or sell for a profit. However, real estate can be a risky investment, as the value of property can go up or down depending on the market conditions.
Mutual funds: Mutual funds are baskets of stocks or bonds that are managed by a professional. Mutual funds offer a way to diversify your investments and reduce your risk.
Exchange-traded funds (ETFs): ETFs are similar to mutual funds, but they trade on stock exchanges like stocks. ETFs offer a low-cost way to invest in a variety of assets.
These are just a few of the many different types of investments that are available. The best type of investment for you will depend on your individual circumstances and goals.
As you see in definition there is no limiting criteria as to whether a person is rich or not. Anyone, even a teenagers can invest with tiny small amount such as 10, 20 or 50 USD.
Investing can be learned with adequate effort and focus.
There are many different ways to invest. You can do it yourself by buying and selling stocks, bonds, and other securities. Or, you can hire a financial advisor to help you manage your investments.
If you're new to investing, it's important to do your research and learn as much as you can about the different types of investments and the risks involved. You should also create a financial plan that outlines your goals and how you plan to reach them.
Investing can be a great way to grow your wealth over time. However, it's important to remember that there is always the risk of losing money when you invest. So, it's important to do your research and understand the risks involved before you make any investment decisions.
Investing is not hard to learn. And believe in me our teenagers can learn, understand and manage better than us!
Investing is not about being genius or mathematician
There is a good saying from Peter Lynch: “If you made it through 5th grade math, you can do it.”
Investing is not about complicated high level math. For sure finance is so much related with math but investing can be done with a research and take low risk and think long term.
Every individual can invest!
One of most meaningless idea is “only men invest”. I don’t even want to discuss this. This is totally absurd. Investing is not about gender, being rich or genius. Every individual can invest with adequate effort and focus.
Do you give investing and growth mindset to kids? And how? Share with us in comments and let us grow together.