Sunday, December 17, 2006

When Should We Learn to Invest?

I was on a school camp last week running the kayaking with a group of 10 year olds. These kids were in no way from privileged homes. In fact many of them were poor. We were all having a great time. The thought struck me that why can't these great times last longer for these kids. I realised it's because they don't get the financial training they need from school or home so it is going to be hard for them to break the cycle. I have talked frequently to my kids about investing with an emphasis on real estate, but also about saving and investing in others things like shares. My son has set himself a goal of buying a house by the time he is 21. He is putting money aside now to do it, around $150/week. In addition to this, he has been involved in 2 do-up projects with me and a couple of mates. These netted him a couple of thousand and he has now put in for some sections that we have bought. He is well on his way thanks to my involvement. But how about those other kids who haven't got the role models, how can they be supported in their financial dreams. Any ideas, blog in.


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