Do you ever wish that you have learned about investment earlier? You could have had so much money saved up by now if only your parents showed you how and helped you. Are you wondering when is the right time to help your kids? And if the time is now, how? Well, you can do it. Help your children, teach them and they will be forever grateful to you for all the good that you have taught them. Make sure that you use these tips to help your children learn sooner and better:
The best time to start teaching your children is right now. The sooner they learn the more they will know for later. The more you teach them now, the more they will know for later. This will bring them many benefits in life and help them be more successful later. However, you will have to adapt your teaching to their age. If they are very young, they will need to be taught through games and other things.
Don’t be boring or annoying with it, make sure that they are having fun and learning at the same time.
“The best time to start with anything is right now. If you bestow some basic concepts upon your children now, they will be able to learn more and faster later. This will help them grow and learn more as adults,” says Catherine Bell, an educator at Academized and BigAssignments.
Teach through storytelling
People are genetically inclined to be captivated by stories. They love and respond best to various stories and good storytelling. So, use this advantage you have and tell your children of investment through interesting stories with exciting brands that they love. There are so many great ways to show them how to invest money that they will love doing it after a while.
Use your own personal story of investment if you want to and make sure that you have adapted it so that your children can understand it.
Teach the way your kid learns
You are the parent and you probably know best what your kid is like and how they like to learn. For example, some children will learn best through stories, some through games or videos, some through examples or something that they can touch. You can teach them easily if you tap into their natural; way of learning. They will understand you much better and as a bonus, they will enjoy your lessons.
People are often reluctant to teach children some things that can seem a bit too adult or serious. But you can do so by being approachable and flexible. Children learn easily, you just have to come up with a concept that they will understand.
Make it simple
You need to speak in a simple, approachable way – use words that they understand and words that mean something to them. Explain what they don’t understand. Use toys or any other tools that can help you teach them better. Make complex processes simple.
Demonstrate how money grows
The best way to interest your children in investment is to show them how they can turn something small into something big with it. For example, if they give you a penny, show them how that penny can turn into 10 or 15 dollars in a month. This will speak to their wishes to have more and they will understand how investment works.
Teach them to give
A big part of investing is giving. Teach them to give a part of what they have to people who have nothing. When you give them their returns or something similar, take them to a charity and show them just how amazing it feels to invest in other people and change their lives.
“The first thing that you need to teach your children is to save money. That’s the basic concept of investment. Saving and waiting until you have more to spend or invest. Naturally, they would like to spend the money right away but you should show them how they could have more of what they want if they save up,” says Jennifer Ash, finance writer at PaperFellows.com and StateOfWriting.
Introduce basic concepts
Finally, you should teach them some of the basic concepts of how the investment works. They should know them and understand which actions cause which reactions.
Teaching your children about investment may seem a bit complicated but it’s, in fact, very simple when you start using these simple methods.
Author bio: Grace Carter is an educator at Essay Writing Service and Boom Essays website. She manages latest content, tutors and writes educational posts there. Also, Grace develops a course on business writing at Essayroo academic portal.