Don’t wait to start investing! Even young people can begin to form habits that will follow them for the rest of their lives. And remember…the earlier you start investing the more successful you will be. Investing rewards the young.
The CHILDHOOD Decade. Develop a habit of saving. Give children an allowance in return for work. Let them have a piggy bank, open a savings account for them. Give them the opportunity to purchase a toy from time to time using a small percentage of their savings. Encourage them to give a tenth to a charity or their church. Gift Ideas for this age group include a piggy bank, a savings bond, or a hope chest!
The TEEN Decade. Invest in yourself and your education. Most will start college or go to tech school in the latter years of this decade. Do you best to keep student debt to a minimum even if it involves working your way through college. It’s hard but you are young and healthy and can do it! Gift ideas for this age include school clothes or a laptop computer!
The TWENTIES Decade. Twenty-somethings need to use this decade to learn, make mistakes, and take risks. Follow your dreams. Don’t just have a career. Pursue a calling! Begin to invest in a Roth IRA each year, even if a small amount. Get in the habit of saving and investing. Gift ideas for this age group include work clothes, a smart phone, or a designer handbag!
- Samsung Galaxy A-20 (US Version)
- Kate Spade New York Cameron Clutch Handbag
- Kate Spade New York Cameron Medium Satchel Purse
- Louis Vuitton Damier Rose Shoulder Handbag (Expensive!)
- Michael Kors Emmy Leather Shoulder Bag