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While picking a few stocks of familiar brands might be a tangible, fun way to learn the basic concepts, it's really not how 99% of people should invest. Gambling on individual stocks is incredibly risky. Diversify through a low cost all-market index fund and hold for decades is the message we should be drilling into kids' heads.
http://www.walterthevault.com/blog/2015/7/6/stock-for-children
Here at Walter the Vault we’ve discussed various topics about when and how to save money but we rarely talk about investing in stock. Children can not legally invest in stock on their own, but there’s still a lot to learn.
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Have you taught your kids how to tell when an email, text, or site smells "phishy"? if they're online or have a phone, what are you waiting for?
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Barry Choi ​ has some very, very smart parents. Check out the advice he got with his first job at 17 - BRILLIANT. In the US, that would be Roth IRA + mutual/index funds for the win!
http://www.moneywehave.com/what-my-parents-taught-me-about-money/
What my parents taught me about money was both direct and indirect. Find out the 6 tips I picked up from them.
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We're huge fans of low cost index funds. We think they're the simplest, most cost effective approach for patient diversified investing - a great choice for your teen's Roth IRA. (You did convince your working teen to open a Roth IRA, right?!) But what about socially responsible investing? Is a total stock market index fund like VTSAX socially irresponsible? Here's a very thoughtful piece on that topic from Darrow Kirkpatrick. he runs through all the trade-offs so you can decide for yourself.
http://www.caniretireyet.com/socially-responsible-investing-worth-the-price/
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Teach your kids to embrace work - that's where opportunity is hiding!
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Our favorite two personal finance podcasters together on today's Stacking Benjamins​ show with guest Farnoosh Torabi​. Plus a funny bonus at the end: "OG" reveals a place you DON'T want to be having open money talks with your kids - go to 8:26 remaining in http://www.stackingbenjamins.com/should-i-start-a-business-with-my-friends-farnoosh-torabi/ w/@AverageJoeMoney
We try to stump the amazing Farnoosh Torabi of So Money podcast fame with your letters….but she’s too amazing and answers FOUR of them with little help from us. Should you start a house flipping business with friends? What assumptions should you make in a financial plan? How do you fast forward podcasts? We also talk …
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Dale Partridge​ shares 3 (+ 1) things you MUST teach your kids about money.
http://dalepartridge.com/must-teach-kids-money/

Good picks.

When it comes to investing, we'd encourage you to educate your teens about index funds and Roth IRAs. As soon your teen gets that first summer job, open up a Roth IRA, sweeten the pot with some parental matching, and show them how to pick an index fund for low cost, diversified returns over the long, long haul. We cringe when we see people teaching kids to invest in individual stocks. Conceptually, it's a bit easier and fun to relate to, but gambling on individual stocks is precisely what most people should NOT be doing.

For pre-teens, here's a technique for investing using small amounts and no hassle with a formal brokerage - a parent-paid stock market:

http://blog.famzoo.com/p/famzoo-faqs.html#invest

As for the question: "What do you wish your parents had taught you about money?" In a recent post, we collected responses from 81 distinguished guests of Farnoosh Torabi​'s #SoMoney podcast:

http://blog.famzoo.com/2015/05/money-lessons-kid-wished-you-taught.html

Some very interesting perspectives and backgrounds. Common themes: the power of compound interest, the importance of investing early on, or the concept of abundance.
While growing up I remember parents always complaining about the schools not teaching children how to balance a checkbook. While it’s…Continue Reading
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Have them in circles
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FamZoo

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Our monthly newsletter came out yesterday. Not on the email list? Check it out and subscribe.
http://us1.campaign-archive2.com/?u=0afc42d729f6e8498c07cf626&id=9c51e28922
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Forgot the greens for dinner? No problem. Send your FamZoo card toting teen on a grocery run and reimburse with one tap. Mmm...broccoli.
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This is a really cool story of a 10 year old who totally "gets" philanthropy, and he comes from very difficult circumstances to boot. Be sure to watch the video and share it with your kids. It's inspiring.
http://blog.mikeepps.com/this-10-year-old-kid-spends-all-of-his-allowance-money-on-something-very-special-the-touching-answer-will-warm-your-heart
In today's world, a little bit of kindness goes a long way. Often times it isn't given without something in return. It is a kind of exchange that is more about self and receiving, and less about giving. Everything has a price for the most part, and that's precisely as they say what makes the world go around. Money, loan, interest, profit! In our country, money is such a big part of everyday life that we no longer are aware of the control it has o...
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If every parent knows that teaching kids to save is important, how come parents reported in a survey that only 1% saved ANY of their allowance? Maybe parents still have questions about kids and saving. Here are 9 common questions about teaching kids to save and invest with answers collected from experts and parents from across the Twittersphere.
http://blog.famzoo.com/2015/06/everything-to-know-about-kids-saving.html
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Why should we teach our kids to be smart with money? Old school comedienne Phyllis Diller had it all figured out: the reverse-boomerang maneuver of course!
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Preparing kids for the "wild"
Introduction
We help parents teach their kids good money habits with our online "Virtual Family Bank".

Credit unions, banks, advisors: check out our co-branded Partner Edition. We have 6 ways to partner on youth financial education. Would you like a demo via a private webinar? Schedule one here.

Bloggers: check out our affiliate program. We share ongoing subscription revenue.

Want to connect with us on other social media channels about teaching kids good money habits?
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