Watch the video above and talk about it with a group or mentor. Learn more.
Teens can get a head start on budgeting and investing - and it just might change your future.
Key Points:
- It’s never to early to start saving and investing in your future. You just have to recognize there are limitations due to age and income.
- Vanguard is the suggested website for investing. They suggest starting with a retirement fund using a Roth IRA.
- They suggest starting with the Target Retirement Date 2060 fund. This is a safe option.
- Don’t invest every penny you have. Save some for the unexpected expenses.
Quote This:
“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.” – Warren Buffett
Talk About It
- What is your initial reaction to this topic? What jumped out at you?
- What do you like to buy with your money?
- What have your parents modeled for you about planning for the future?
- What has you interested in investing your money in stocks? Why is it important to be cautious in this endeavor?
- Write a personal action step based on this conversation.
