Fun Times at Camp Millionaire

Teaching kids about money

I have to correct the writing here. (I run this program). We don't talk to the kids about rebalancing their portfolios. We do, however, teach them about owning assets in all Three Pillars of Wealth: real estate, stocks and businesses entities.

One of the problems with our current idea of financial freedom is the R word: retirement. We've been conditioned (yes, conditioned) to think we have to work for 40 years of so and 'accumulate' enough money to retire on. This is not what we teach kids in our program.

We teach them to build and invest in, passive income producing assets in all three pillars so that they can achieve financial freedom while they are young enough to really enjoy their lives and make a difference in the world with all their extra money!

And we do all this in a playful, engaging environment with games (our very own Money Gam), activities, contests, roleplaying and more.

Elisabeth Donati of CA @ Oct 02, 2008 12:34:28 PM