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How to get your kids started investing early

How to get your kids started investing early CNN 2/19/2021 © Photo-Illustration:CNN/Shutterstock Investing isn t just a luxury reserved for adults, kids can get in on the financial rewards, too. In fact, it can prove to be even more valuable for their future. That s because children have the precious gift of time on their side giving their money the best chance to compound and grow. Teaching your kids how to invest can also be a great way to encourage smart saving and spending habits long before they become adults. Investing can mean a number of things, but one way to look at it is teaching your kids to invest in themselves, said Heather Winston, a certified financial planner and an assistant director in Retirement & Income Solutions at Principal. The adage that knowledge is power is certainly true and talking regularly about investing helps to remove the mistaken belief that investing is only for the very rich.

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