Open up a trading account for your kids. It really doesn’t matter how much money you can spare, the kids can gradually fund it themselves with cash gifts they receive on birthdays and Christmas and through doing odd jobs. As they slowly buy and sell a few shares in stocks they are interested in because they love the products those companies produce, they will learn the same trading lessons and develop the same awesome life-traits as adults. And starting young, even casual trading as a hobby can literally earn your kids fortunes over their lifetimes. This skillset will almost certainly radically improve their lives.
Teaching kids about business and stocks is very empowering for them, they naturally love to learn. It instills in them a broad practical worldview most people never experience, and increases the odds they will nurture their entrepreneurial side and ultimately do fulfilling work they love. The earlier anyone starts learning about trading, and all the necessary peripheral topics like sound money management, the more successful they will ultimately be.
On the other end of the age spectrum, trading is equally beneficial to the elderly. Sadly many people get bored in old age, it’s tragic. They don’t exercise their brains so gradually their minds turn to mush. Trading, since it demands endless learning, can seriously slow or even reverse this unfortunate deterioration. Trading provides excitement for elderly folks, helping them feel plugged in to the world again. It gives them something cool to talk about with their friends, kids, and grandchildren. I’m going to continue trading until the day I die to keep my mind in training and razor-sharp.
Friday, April 8, 2011
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