Description
This article explains the power of compounding and the incentive to start investing at a younger age. It includes a case study and calculation to demonstrate. It is an excellent reminder about the benefits of compounding for all of your clients, regardless of age. It suggests helping out an adult child/grandchild initially to start them on an investment path.
Introduction
The first lesson most young children learn about money is what they can spend it on – games, the latest toy, their own iPad - but it’s a parent’s obligation to also teach them about managing their money. And the earlier we can teach them about the power of compounding, the more they will appreciate us.
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