Originally Posted by mchas
Good plan! I have thought about doing the same once I am at least semi-retired and have more free time. The world needs more of this.
There's tons of information/potential guidance for young ones by those that have walked the burning coals and are at an age where they know 'a thing or two' that the younger generations could decide (when and if they confront such bridge) to take or pass.
Any information or suggestions are better than none, just as any plan is better than no plan at all.
I's funny that when your thinking of something that, -that you're thinking of, all of a sudden presents itself.
While browsing through the book section (I'm a book worm) this book title jumps in my face: The Path To Purpose, Helping our children Find Their Calling in Life.
When laying out/presenting the part on financials I'd recommend they read the book: Think and Grow Rich plus others.
When laying out/presenting examples on earning money I'd go from the extremes:
Income method number one: STEALING. It's the easiest income method and the odds of them getting caught/ending up in jail most of their lives is (I'd give them my guesstimate though advise them to research the subject themselves) 90%-95% against them.
Methods #2 through #99 I'll skip for this occasions......
Method number 100: My favorite, if it weren't so boring, (I'm a hands-on type of individual) a source where 'this one guy' made ONE BILLION dollars in ONE day!
This one is 'the new kid' in town. Many have heard its 'title' but few understand it, -It's/was a bankers game.
Ten, twelve years ago 'the bankers' would tell you, -sure,! you can play with us, -you got $100 million to put on the table?
...on this one I'd present them with the process, detailing the basics, -with the warning that if they cannot tolerate being in a pool of sharks, to STAY CLEAR! That the odds of loosing more than their shirt are 99.99% against them.
....Las Vegas and the horse races give MUCH BETTER odds!
Anyway, for anyone thinking of "Helping Our Children Find Their Calling in Life," read the book: The Path to Purpose -by William Damon.
God Bless all!