YOUR COMPLETE MONEY MASTERY BLUEPRINT: FINANCIAL LITERACY FOR TEENAGERS (2ND PART)

Introduction Welcome back, in our last post we discussed the first 5 points on your Complete Mastery Blueprint:Financial Literacy for Teenagers, and we would be discussing the remaining 5 points today. We hope you and your teenagers learned a lot from the last post. fasten your belt and let's enjoy the ride together. 5 FUNDAMENTALS OF FINANCIAL LITERACY FOR TEENS 1. Explain compound interest to them Our financial system is based on compound interest. Compound interest is one factor that impacts the values of loans and investments on the other side of the horizon. Making sure they comprehend it doesn't just mean teaching them how to calculate compound interest. Young children can be helped to grasp compound interest by using real-world scenarios in which they are either directly or indirectly involved. For instance, if you own dividend stocks in your portfolio, you may demonstrate to them the benefits of reinvesting dividends to increase the investment's gro