Investment has always been a part of life. Not just the financial aspect of an adult’s life predicated on the ideas of a financial advisor, but the life of every human being, no matter how young or old. It starts with spending sparingly and keeping something for future use.
So i think YES, Children should learn about investment.
For most people, it’s an idea that starts with saving.
Saving pocket money in the hands of a guardian, parent or anyone older. It could also be in a piggy bank popularly known as “kolo” in this part of the world.
As a child, I wanted to own a brood of chickens. I imagined that they would recognize my voice and run to me whenever I approached. My imagination was so strong that I decided to save in my piggy bank to buy my first chicken.
I bought the hen, but it didn’t live long enough to start her brood. I ended up eating it on my birthday. But it was my first introduction to saving and investment.
With the advent of investment platforms, you no longer need to separate saving from investment. You simply channel funds to a cause, and your money is directly funneled to that investment course. This idea can be taught to kids. Not because they are kids, but because nothing is stopping them from being investors and building wealth.
Wealth building has no age restriction. All that is required is a sound financial advisory service and the availability of funds.
The financial advisor could be anybody as long as they know what they are doing and they have the best interest of the child at heart. Money can come as gifts from relatives on birthdays or mark achievements in the child’s life.
Parents can also decide to buy shares in the name of their kids and teach the kids how to manage and monitor their investments to complement the expansion of the possibilities available to them.
My chicken farm never took off, but I have learned enough over the years to understand the importance of investment. These days, I still want to venture into agriculture. I understand what level of investment it would take to make that dream a reality. There is a lot I would need to become a big-time farmer.
It would involve investing in real estate and equipment that can either be leased or purchased. It also involves a market survey and knowing where my customers can be.
Teaching this to children and young people will give them a good start in life. Visit www.fundquestnigeria.com for more on understanding investment opportunities.