She invested $2,000 a year for 8 years (from age 19 to age 26) and then never touched her investments or added a penny to it.

Kim started investing early, at age 19.

Let’s ignore taxes for the sake of simplicity. We will assume that their annual investment was $2000 each and they earned 10% on their money. We have three friends – Kim, Rachel, and Sarah. To illustrate the importance of starting to invest early, let’s look at the example below. If you start investing early, you will become wealthy over time. Time is the most important factor for investing because it lets the magic of compounding do its work and make you rich. Investing is a major vehicle for generating wealth over time. Don’t you wish you were better at investing earlier on? The Power of Compound Interest and Starting to Invest Early It would have helped me avoid several costly financial missteps, like not opening a 401(k) account at my first full-time job. I certainly wish I was familiar with investing way earlier. Instilling good financial practices now can mean the difference between a life of economic stability and one filled with financial worry.

Teaching your kids good money habits from a young age will give them lifelong skills that will serve them well in their adulthood and most likely be passed on to your grandchildren and great-grandchildren. So, it’s up to you, mama, to introduce your children to the world of investing. Personal finance and money management should be taught in school, along with math, reading, and history. Teaching your kids about money is a part of modern parenting. Why You Need to Teach Your Children About Investing Create Healthy Money Habits for Life Stockpile lets you introduce your children to the stock market investing in an accessible and engaging way with little money which will help your kiddos learn important financial lessons and create healthy money habits for life.

What if I told you that teaching your children about investing in stocks didn’t have to be intimidating or time-consuming? What if I told you there is an App where your kids can start investing in 1000+ stocks and ETFs with as little as $5? Enter – Stockpile. Because I’ve been there…But I’m not anymore. Your days are full of work projects, carpools, busy to-do lists, and you haven’t had the time or the confidence to talk to your kids about money and investing yet.

Personal finance apps for kids