It is unfortunate that financial literacy is not part of the curriculum in schools. Formally, if this was a part of the school curriculum, children would learn how to be adept at handling funds at a young age. This would help them in the future and prevent them from issues like potential debt, etc. Having said that, there are many parents who realise the need for early investment lessons that can help children to ensure financial security for the future. Parents often turn to online sources for help.
Early investment lessons are life lessons. Awareness about how to save money by investing it prudently can go far in teaching children to become responsible adults. As children grow into adults, if they achieve financial literacy early, they can be financially independent young adults too. Learning investment skills are the key to proper financial planning and wealth management. By trial and error, many children can learn about finances early, and mistakes don’t impact them harshly.
One of the good ways of teaching children to invest is to expose them to the stock market. While you can do this when you yourself trade at user-friendly online platforms like Motilal Oswal, there are other online platforms that can help your child to achieve the goal of financial literacy. You can choose other great platforms that teach children how to invest in other ways too. Here are 5 to seriously look at:
When learning about investment in stocks and shares, and other investment avenues, starts at a young age, information is better absorbed. Furthermore, it lasts a lifetime as you teach your children about how to invest wisely. You can use Motilal Oswal, a key broker in India, to help in your child’s investment education.
Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account