It means, first of all, smashing the taboo of talking about money. Instead, show your kids how you save, spend, invest, track, budget, and so on.
A fun way to do that would be to pick out a piggy bank together, then deposit money they earn, find, or receive.
Teach Your Kids How To Save
Kids can start learning the basics of investing from a surprisingly young age.
- Point out public companies they’re familiar with (e.g., Disney, Mattel, Apple).
- Explain what an index is and the main indexes they’ll use when investing.