Seven Lessons to Teach Your Teenager About Building Wealth
Now I get to watch those funds grow, while retirement is increasingly less far off. Here are some essential lessons to impart to your teen about building wealth. Simply put, compound interest means the interest on an investment grows exponentiallyrather than linearlyover time. This concept can motivate them to start saving and investing early. Even small amounts saved from summer jobs during the teen years cangrow into substantial sums by retirement age....