Our oldest son, all of 10 years old, had his first meeting with a financial advisor today. WOW! I shared with our little man that I didn't even know what a mutual fund was until I was about 18.
He's had quite an interest in saving, investing, earning and the like for years now.
Last summer we read, Larry Burkett's Money Matters for Kids. He was crazy about this book. We discussed his skills, he worked on a resume. We talked about time management and when he could work on jobs. We examined what to do with the money he made and set up goals for tithing, saving and spending. We've researched and tracked stocks.
And today he took the leap and had a 2 hour meeting with a financial advisor. He learned about Money Market accounts, Mutual Funds, the law of 72, and much, much more. It was so exciting to watch his wheels turning as he was taking in the information. He's very excited about his future and leaping into diversifying investments. This was an important day in the life of our own Warren Buffet.