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Our line up this time is:
- Situation of the Week (Kelly): Dealing with the jealous feelings of her child when she (Kelly) pays attention to other children
- Topic: Money (begins 8:00)
- Q & A: How did your relationships with other adults change after the arrival of children? (begins 29:34)
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Thanks for listening! We’d love your comments and feedback and questions!
One thing my parents did was to begin investing modestly for me. They used penny stocks as well as other kinds of low cost investments. (the stocks they bought were all dividend yielding stocks. They would reinvest the earnings from the dividend thus growing my stocks that much further. At the age of 13 my father sat me down and explained what they were doing for my future and what would come of it in the end. My father helped me follow fifteen stocks I would like to invest in. The next year was spent following the results of a hypothetical investment. at 14 i was given actual control of $1000. I could not simply invest them in stocks my parents had already bought but had to explain why I wanted to choose whatever stocks i ended up investing in. the next year I was given control of 10% of the investment assets. My father did not hold my hand but he was there with me constantly helping me monitor what I was doing and helping to decided if i was making proper investments. I gained more and more control of the stocks and investments each year.
ReplyDeletePartly because of Any Rand and partly because of the Austrian school of Economics I ended up investing half of my available in gold and silver. My investment ration of silver to gold was 10 to 1. This ended up being a very wise investment on my part.
This is the model I plan on using with my stepson and son.
This gave me real world experience of investing and money management. It also taught me the value of saving, through the example of my parents.