Teach Your Kids about Investing

In spite of what has taken place in the history of the stock market, investing today for tomorrow is an important lesson to teach your children. The point can easily be illustrated by taking them to open their own ROTH IRA account when they start to earn money of their own.

You can illustrate the same point by sharing your own retirment accounts or that of your spouse. If you have a 401k or IRA of your own, explain to your child how investing works, where the money comes from that goes into the accoun and how the money grows and changes over time.