I often wish I had had the knowledge I have gained about how money and employment and investments all work together much earlier.
Yesterday I gave my older son (13) the Wealthy Barber to Read. He is very good with math and pretty good with money but he is into brand name clothing and gadgets (albeit he buys used online). I know that if he can master the concepts early he will put them to good use if he sees the benefits. I promised him $20 when he finishes the book.... we will see what he does with it :)
Anyway, I tried to explain some of the concepts to him briefly and did ok with some (compound interest was very exciting for him) but others I found were too convoluted without hands-on experience with them - or more time. He does not yet have the mastery of the relationships between earning money, passive income, impact of spending, impact of investing, good debt (leveraged cash flow positive appreciating asset backed), bad debt, investment strategies, business ... oh, I could go on.
I realized a lot of what I know (which is not enough on some topics) came from real life experience over time. It is hard to teach at an early age when you don't have to worry about paying your way through life on a daily basis.
If anyone has any tips on how to do this successfully and inspire his interest in the topic I would appreciate it!