Amy is asking "How do I encourage my children to be excited about investing? What should I do to get started?"
To answer her question I invited Rishi Vamdatt to the show. Rishi is an 11-year-old financial educator, who is the creator of Easy Peasy Finance, a YouTube channel that is geared toward teaching children about money.
Rishi's expertise in investing is truly impressive. You must listen and witness it to be convinced!
Episode Overview
Rishi and I discuss the following points:
- How can you get children interested in investing
- The decision of whether your child will use your parents ' brokerage or set up their own
- The reason kids should begin investing earlier instead of later
I was stunned by this discussion. Rishi has a background as a finance expert who is keen on simple, intelligent, and efficient investment strategies. I am very happy that I was able to learn from Rishi!
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Guest Bio - Rishi Vamdatt
Rishi Vamdatt is a co-founder of Easy Peasy Finance, with the aim of spreading financial literacy by dissecting complicated financial concepts. Since the age of 6 and a half, he's been fascinated by the financial world of personal finance, studying books on personal finance, and investing his entire allowance into stocks in order to create his retirement savings.
He's been seen by CBS on the show as an "11-year-old genius kid who gives free financial guidance to thousands of users".
Rishi Vamdatt Resources
- Web site: Easy Peasy Finance
- Social: Instagram
- YouTube: Easy Peasy Finance
Other Content You Could Like
- Children's Books About Money: 10 Stories for Children to help promote financial literacy
- The Way to Make Your Kid a Millionaire (slogan all). Logan Allen)
- Financial Independence for Kids with Doug Nordman
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MKM Podcast Resources
- The Thriving Family Facebook Group Join our brand-new free Facebook Community!
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- Recommended Sources It is impossible to meet your financial goals if you don't have the proper tools. Here are my recommendations!
Carpe Diem Quote
"When there are multiple options to a problem, select the most straightforward one."
-John Bogle John Bogle
What do you think about investing in kids? Do you agree with the advice from Rishi Vamdatt?
Let us know via the comment section below.