Investing is just for adults, right? Wrong! Anyone that has the money to invest can invest. Of course, there are some obstacles you will need to get through, but it is far from impossible. For example, if you are a minor, you probably won’t be able to open up your own account with a brokerage firm, but you can get a custodial account with your parents that you can have full access to once you reach the right age, 18 or whatever it is in your state.
Why would teenagers and kids want to invest? Better yet, why would they need to invest? Don’t they get all of their support from their parents? That is like saying why eat healthy if you already take a multivitamin. Yes, parents do support them, but that is no reason not to save money and begin to build wealth now.
Investing at a young age will help teach them how to invest and will increase the chances that they will do it throughout their entire life. Investing has so many benefits. If kids start young, it will help them to save money for college, and besides that, all young people will have more money to manage their life with. Starting young along with teaching them money management will also help keep them from falling into credit card debt and ending up with other financial problems.
Investing young doesn’t they have to invest all their allowance, birthday money, working money, etc. They could just invest a percentage of it. For example, if your kids invested 10% of all the money they receive from birth up until they graduate high school, who knows how much money they would have. They might even be able to pay for a huge chunk, if not all, of their college education! That is truly amazing and totally attainable.