Get inspired – and educated – about investing in this episode as Pam and Jack visit Finance Park, a hands-on classroom in Los Angeles that teaches kids how to deal with money in the real world. They can’t leave school until they have a balanced budget. You’ll get a whole new appreciation for why it’s so important to get kids ready to make financial decisions they’ll be facing a lot sooner than they think.
Meet John-Paul Pigeón, a successful investor, author and motivational speaker in Dallas who is on a mission to change his generation’s money-management skills – and he is only 14 years old! He tells Pam and Jack the best ways kids can learn about money – and how parents can help them. In Investing 101, Laura Levine, executive director of the financial-literacy nonprofit Jump$tart Coalition, also gives advice about knowing when it’s the best time to start educating your kids.
Because they’re online a lot, kids are not too young to get scammed. There are all kinds of offers to get kids to start their own business, and the most popular social-networking websites have become a haven for them. Learn about Multilevel Marketing schemes, and what red flags to be wary of.
