Part VI: Teaching your children to be financially wise

Exposing your children to the world of investments.

This lesson, I must admit, is a longer process than the previous suggestions, but it is as important for your children’s financial stability.
As a family, choose a mutual fund you can deposit a small amount into on a monthly basis. When the statements arrive you can use them as a tool to teach about earning interest on an account. Similar to planting a seed and watching it grow into a mature plant that bears fruit.
Investing in stocks can also help teach your children to become familiar with how the financial markets work. The more you can teach them the better their chances are at becoming good managers or their money as adults. Instead of paying another person to do their investing they could save large sums of money over their adult life by doing their own investing.
If you have any suggestions on teaching children to be financially wise, please email them to me at dwing@academynational.net.


Denise Wing, C.E.O.
Certified Mortgage Lender
Academy National Mortgage Corporation
303-987-0622