That is a classic question I get all of the time. Most recently, it came from a teacher at Libby Elementary in Chicago, Illinois. She teaches our Money Savvy Kids curriculum to the low-income elementary students in her class. Here is her question:
“This is the third year I have taught the program and always struggle w/explaining the purpose of investing to children whose parents are on welfare. Often the role of short-term vs. long-term goals is hard for them to comprehend, so investing is incomprehensible. Has this ever been addressed?”
I answered her–as I answer everyone who asks this question–with my life story. It’s why I do the work I do today.
Here’s what I told her: Continue reading