#8: Alec Teaches Julie How To Introduce Investment Lessons To Her Son

In this eighth episode of our How to Teach Your Kids About Money podcast, Alec and Julie talk about Julie’s efforts to teach her teenage son about investing.

Some episode highlights:

• Alec and Julie discuss how to introduce investing to a middle schooler.
• Alec reviews goals for the Spend, Save, Invest, and Donate buckets used on allowance day, and compares how they’re both different and similar for middle vs. high school kids. For example, as a caregiver, you’re creating a platform for consistent money practice and familiarity with each bucket. 
• Julie talks about the real-life practice her son has had recently with stocks. 
• Alec offers thoughts on the state of investment literacy as he’s seen it over the years. Unfortunately, too many people look at investing as a foreign concept. Many aren’t even interested in taking part in an investment conversation. That’s not what anybody really wants for their kids. We want our kids to be informed, good decision-makers, and understand what's happening with their money 
• Stock market games in school and stock market apps are there to excite kids into learning about the investment world. That’s all well and good, but the games are set up as a competition, and as with all competitions, the goal is to win. And to win quickly. But making fast money isn’t what investing is about. Investing is about compounding interest over time … money building on top of money. That takes time.
• The key lessons parents should be teaching their kids about investing aren’t complicated. They’re about asking the right questions and having patience and a slow-and-steady approach.  

=======================

In this episode:

- Alec Lindenauer, COR's Chief Allowance Officer and Financial Advisor

- Julie Frans, COR's Chief Community Officer

=======================

Want more resources to teach your child about money? Check ‘em out here:

💰How To Teach Your Kids About Money Podcast:
https://www.centsofresponsibility.com/podcast

💰Cents of Responsibility Blog:
https://www.centsofresponsibility.com/blog

💰Cents of Responsibility YouTube Channel:
@centsofresponsibility 

If you’ve thought about taking a complete, comprehensive course to learn everything you need to know about starting your kid with allowance, and then using it to teach them all about money, check out our flagship course here: https://www.centsofresponsibility.com/CORCourse1

And if you’re a parent who needs a kick in the pants to start your kid on allowance, you might want to check out our 5-Day Allowance Challenge here: https://www.centsofresponsibility.com/allowancechallengepre

Also, follow us at these places below and say hi!

💵 Website: https://www.centsofresponsibility.com

💵 Instagram: https://www.instagram.com/centsofresponsibility

💵 Facebook: https://www.facebook.com/CentsOfResponsibility

💵 TikTok: https://www.tiktok.com/@centsofresponsibility

💵 YouTube: @centsofresponsibility 

If you want to know more about Alec and the rest of the team, check us out here:

https://www.centsofresponsibility.com/about

In the meantime, teach cents-ibly!

Important Disclaimer

This video and text Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in our Content constitutes a solicitation, recommendation, endorsement, or offer by Cents of Responsibility, its representatives, or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, commodities, currencies, and money market funds involves risk of loss.  Loss of principal is possible. Some high-risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including greater volatility and political, economic and currency risks and differences in accounting methods.  A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.