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Reply to "How do I set my kids up for success? "
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[quote=Anonymous]Success in investing is a mental state. I would first teach them the power of compounding returns. It's simple and powerful, which is something kids uninterested in investing can easily grasp. They need to learn that successful investing is about sacrifice and patience Not sure how to accomplish this one, but they need to become emotionally detached from their investments or they will fold when things become too volatile. Investing is about freedom and not about accumulating a bunch of worthless material goods. Good luck teaching that one! [/quote]
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