BY BEN ROGERS
Get your kids invested in investing Why you need to talk about money – and how to get your kids to listen! When it comes to investing, your two biggest allies are time and good habits. The sooner you start, the more time you give your investments to grow and the larger your nest egg is likely to become. The above concept isn’t particularly inflammatory or revolutionary. However, the trouble is that most people aren’t taught the concept of investing until their mid-20s when they get their first job and are enrolled in an employer pension scheme. Even then, auto-enrolment and default investment options mean there’s a good chance younger generations aren’t building the foundations of their investment knowledge until a much later date. Since finance and investing is not typically taught in schools, it’s up to parents and grandparents to help children and grandchildren learn the basics. Knowledge is power, and a good financial education could be the most valuable gift you leave for future generations. The younger generation is increasingly aware of climate change issues and eager to work towards a better future for all. Perhaps the key to getting children engaged in finance is to explain how investing can have a positive impact on the world. Let’s take a look at some of the ways you can start the conversation around money without overwhelming or disenfranchising them.
Talk about money! As Brits, there are a few topics that are considered to be off limits at the dinner table: politics, religion, sex and money. Well, it’s safe to say Brexit brought politics around the dinner tables and I’ll leave religion and sex to your discretion. But, in my view, money needs to be put back on the table.
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