Jim Cramer shares the best way to get your child excited about investing
CNBC’s Jim Cramer loves the public school system, but the truth is that it can’t be relied upon to teach children about money.
“If you want your children to become fluent in the language of finance, you are going to have to do it yourself,” the “Mad Money” host said.
That means not waiting until after kids go to college to teach them about financial literacy. Once kids go to college, they will be bombarded by credit card offers that could seem irresistible. But, credit card debt on top of student loans could send someone into debt for decades.
“In my view, the best way to make all of this dull personal finance medicine go down is with a spoonful of stock-picking sugar,” Cramer said.
Cramer recommended that parents give their children the gift of stock in a high-quality company that resonates with younger people.
One option is Disney, which has blockbuster movie franchises like “Frozen” and “Star Wars” under its belt that resonate with younger generations, he said.
The point of getting children interested in stocks early is to have parents instill a better way to think about money. Rather than viewing cash as something to be spent, Cramer wants children to learn that money is something that can be saved and invested to create more wealth.
“If you don’t want to do this for your children, do it for yourself, because kids who can manage their own finances are kids who won’t be begging you for mula even after you have gone into retirement,” Cramer said.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
#CNBC TV
Видео Jim Cramer shares the best way to get your child excited about investing канала CNBC Television
“If you want your children to become fluent in the language of finance, you are going to have to do it yourself,” the “Mad Money” host said.
That means not waiting until after kids go to college to teach them about financial literacy. Once kids go to college, they will be bombarded by credit card offers that could seem irresistible. But, credit card debt on top of student loans could send someone into debt for decades.
“In my view, the best way to make all of this dull personal finance medicine go down is with a spoonful of stock-picking sugar,” Cramer said.
Cramer recommended that parents give their children the gift of stock in a high-quality company that resonates with younger people.
One option is Disney, which has blockbuster movie franchises like “Frozen” and “Star Wars” under its belt that resonate with younger generations, he said.
The point of getting children interested in stocks early is to have parents instill a better way to think about money. Rather than viewing cash as something to be spent, Cramer wants children to learn that money is something that can be saved and invested to create more wealth.
“If you don’t want to do this for your children, do it for yourself, because kids who can manage their own finances are kids who won’t be begging you for mula even after you have gone into retirement,” Cramer said.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
#CNBC TV
Видео Jim Cramer shares the best way to get your child excited about investing канала CNBC Television
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
'Very dangerous' for traders to hold short positions on Japanese Yen right now, says BK's Kathy LienU.S. mid-caps are a great diversifier, says John Hancock's Emily RolandOpening Bell, November 4, 2022AI impact: How technology and UX innovation impacts the travel industryValue meals are a 'positive shift' for McDonald's to attract customers, says Jefferies' Andy BarishBreaking down shares of Hilton, Expedia and Match GroupNow is a time to own growth and sell some, says T. Rowe's Sebastien PageThree-Stock Lunch: Tidewater, Progressive & CRH PLC'We expect moderation this year' in consumer spending, says NRF CEO Matt ShayHomebuilders are a fascinating group right now, says Jim CramerLockheed Martin sees record order volume in 2022 as earnings beat estimatesA renter's experience of the housing market really depends on where they are right now: Igor PopovCramer’s Stop Trading: Alnylam PharmaThree-Stock Lunch: S&P Homebuilders Index, Nvidia & JPMorganOpening Bell, September 30, 2021CDK cyberattack hits U.S. auto dealers for third day in a rowArm CEO Rene Haas talks the impact of AI and smartphone demandWe find Citigroup 'really attractive,' says Putnam's Jackie CavanaughActor Griffin Dunne on writing new memoirAlnylam CEO on what is next for heart disease drugCompass CEO: Supply and demand indicators suggest a modest shift towards a homebuyer's market