Robert Furst, a senior VP at Merrill Lynch, aims to instill financial literacy and charitable values in his young children, ages four and six. He believes that early habits of gratitude and appreciation are essential for lifelong learning. Furst encourages his kids to save for charities using piggy banks and plans to introduce investing concepts when his older child starts first grade. Aiming for a financially responsible childhood, he emphasizes the importance of giving back once a family achieves financial stability.
At four and six, my wife and I want our kids to focus on saving for charities and helping the less fortunate.
If we start those habits early, they will stay with them for the rest of their lives.
I want to teach them that once a family has 'enough' it is crucial to give back.
When my six year old turns seven and starts first grade, I'll introduce him to investing and we will explore what stocks he would want to create his first portfolio.
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