The other day I was crunching the numbers on a possible rental property. I was going over them with my wife and my son, who's 16, was looking over my shoulder.
He pointed to a column of numbers that was increasing over time and said "What's this?" I said "That shows how much we would make if I invested the money in the market instead of on a rental property, so I can if I should invest it in the market or real estate."
He said "Wow, it's going up so fast!". I said, "Yep, compound interest is a beautiful thing."
He said "Why don't they teach this stuff in high school".
A "Practical Finance" course should be part of every education. But it's not.
The good news is: We can give our kids a huge advantage by teaching them to manage money.