So Money with Farnoosh Torabi 1912: The Money Lessons Kids Need By Age 10
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Dec 1, 2025 In this engaging discussion, Jamie Bossy, a financial planner, author, and mother of four, sheds light on why the tween years are essential for developing sound money habits. Jamie emphasizes introducing investing through relatable brands, like buying shares in Nike, to make it engaging for kids. She advocates for using custodial accounts for real-world experience and stresses the importance of teaching financial basics before diving into investing. Jamie also shares insights on teaching both girls and boys equally about money, encouraging transparency, and making financial discussions age-appropriate.
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Start Investing In Tweens For Compound Gain
- Money habits form very early, often by age seven and certainly by age ten.
- Teaching investing to tweens extends the compound-growth runway dramatically over a lifetime.
Use Brands Kids Love To Teach Investing
- Use individual stocks tied to brands kids know to make investing tangible and relatable.
- Let kids buy shares in companies they use so they connect purchases to ownership and company performance.
Give Tweens Real Money Practice
- Give tweens real-money practice via custodial accounts or parent-held brokerage accounts.
- Use kid-focused investing apps so they can watch real market moves and build assets, not just play a game.
