Quote:
Originally Posted by Woody
I think it is a great idea to get your daughter interested this early. I set up accounts for my kids and we sat down together to discuss some companies that they may be interested in being partners in. My son was especially excited to know that he could be a partner in Apple. Just for kicks I set up a compound interest spreadsheet and showed him what his money would grow to in 60 years at different rates of return. He is very excited about being a millionaire. I think you are on the right track with your daughter. Its great that she has already saved that much money at her age.
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Yes, she is even tighter than I am, LOL. I tried to explain to her that she is only tying it up not blowing it. As far as my older daughter, she is the type who wants to help everyone, great quality, but I would love to make her realize she can do much more if she invests early and wise.
I happen to work for an airline that's been in the news lately. My oldest has consistently said " I want to be an entrepreneur " I have never understood that type of thinking or the risks associated with it. Now I'm starting to realize I should encourage her thinking so she can take control of her own future, vs becoming a pawn in the game of monopoly called life!!