You might be the kind of person who breaks into a cold sweat when you have to deal with money. The subject can definitely make people anxious. But as you grow up, it’s important to know how to manage your money and how to make it grow. That’s right: it might be time to start thinking about investing your money.
So how do you begin if you’re a beginner?
First, you’ve got to have money to invest. Do you have a part-time job? Have you been saving money in a bank account? If not, it’s never too late to start. Think about what you can do to earn money and start saving up to invest part of whatever you earn.
In the meantime, you can try investing with fantasy money. Create a virtual trading account and make real stock market trades with the equivalent of Monopoly money. Start buying and selling stocks you like. See whether it goes up or down. Make some trades or hold onto your stock. Experiment and have fun. In the process, you’ll learn about the stock market first hand before you actually invest your own money.
Join the Economics Club at school. This is a great way to learn about investing. Often there are even stock market competitions. You’ll be able to work individually or as a group under the wing of your economics teacher. If there isn’t a club, enroll in an economics class in school. You’ll learn so much in a semester and be prepared to understand the stock market and the basics of how to invest. You might even be inspired to start your own economics club with your classmates.
This might also be a great time to start reading books about investing or doing some research on your own. You don’t even have to start with a text book. There are biographies on some of the biggest success stories and the biggest scams to hit Wall Street. There are also classic books about investing, like The Wealthy Barber and Liar’s Poker by Michael Lewis. While you’re at it, why not have a movie night and catch up on films about investing. There’s always a lesson learned from watching classics like Boiler Room, The Wolf of Wall Street and Wall Street. There are also lots of documentaries that are entertaining, informative and educational.
When you’re ready to invest your money, make an appointment at the bank. [pullquote align=”left” cite=”” link=”” color=”” class=”” size=””]Talk to an investment advisor[/pullquote]
about your options. How much would you like to invest? What would you like to save? What are your long-term goals? How much risk are you willing to take? Your advisor will go over the options and help you pick an investment opportunity that matches your comfort level. Bring a parent or advisor along so they can understand your goals and see how you’re managing your money. If they have experience in this area, they will be an asset as you start to invest.
You don’t have to be a day trader, constantly buying and selling stocks, to invest. Some stocks are safer bets than others, especially if you’re willing let your money grow long-term. Your investment advisor or parent will probably tell you all about this strategy. You might even want to consider an index fund, which means you’re investing in several stocks that are pegged to increase over time. It’s less risky and more of a sure bet, but if you really want to try your hand at the market, this might not be the opportunity you’re looking for.
Have you considered using an app that helps pick and trade stocks for you? Go to the app store and download a “robo” investing app. These automated investments make trades for you based on your goals. Follow along on your smartphone and see how you do. These apps also require low minimum purchases, so this is a great way to start investing some of your money.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]Remember, there will always be dips in the stock market, so hang in there and don’t rush to sell at the first sign of trouble. Traders who do that often lose money over time.[/pullquote]
Investing money can be fun. Learning how to manage yours is an critical life skill as you get older and earn a salary. You’re never too young to show an interest in investing.
Crestwood Echo October 10th, 2017
Kids today are adept at multitasking. According to research put out by the Kaiser Family Foundation, approximately one third of kids surveyed report using another form of media “most of the time” while they are doing other things, such as using a computer, listening to music or watching TV.
Experts say young brains are so exposed to an onslaught of media messaging from multiple and simultaneous sources that they have adapted to doing many things at once. Particularly for heavy internet users, their brains get better at processing information more efficiently.
One researcher in the United Kingdom, for instance, found it only takes heavy internet users two seconds on any website before deciding whether they are interested or not. This is because in the digital age, our brains are better at sorting and evaluating information at faster speeds.
You might think this is great news when it comes to your kids, but their ability to multitask has its limits. While it’s easy to go on “auto-pilot” and perform multiple tasks in familiar situations, it’s much more difficult to focus if both tasks require attention. That’s why driving and texting is so dangerous and is said to be just as deadly as drinking and driving; the brain can only do so many things at a time.
This is why it’s so important to learn to focus on one task at a time. Our minds need time to slow down, think creatively and deeply. Until our brains have evolved to meet the demands of the modern world, there are a few things you can do to help your child learn to focus on one thing at a time.
Set limits on when social media can be used. Would you like phones to be put away during family time, dinner, or before bed? Decide on the rules and enforce them.
Keep phones out of the bedroom. It’s easy for kids to stay up too late and become overtired.
When your kids are studying, make sure their study space is free from distractions so they can focus on their work. It’s easy to lose concentration when your phone is ringing or vibrating.
Teach your kids to use the internet as a study tool. The internet provides a wealth of information that can be useful when researching a school project, but funny cat videos on YouTube can be distracting. They can watch these videos, but at appropriate times, such as after their school work is complete.
Understand that it might take time for your kids to get used to focusing on one task at a time, especially when they are young. It’s easy for them to look for distractions and have a hard time concentrating and appreciating the calm, but this will develop in time. Stick with it.
Make sure kids take study breaks every so often. After concentrating for a certain time period, our brains also need time to rest.
Talk to your kids about the risks of driving and texting and set clear rules and consequences for infringements. It is very dangerous, but too many drivers are guilty of doing it. Suggest to your teen that they put their phones in the back seat or trunk while they are driving so they aren’t tempted. The consequences of texting and driving can be deadly.
Crestwood Echo May 16th, 2017
If you’re worried about how you can help your child learn English as a second language, the process might be easier than you think. Research shows that the types of parent-child interactions that help children learn their first language also help them acquire a second language. Here are five tips culled from speech language pathologist Lauren Lowry to help your child learn a second language.
Be responsive: “Children learn language as they interact and play with the important people in their lives on a daily basis,” says Lowry. “When caregivers are responsive during these interactions, children feel connected to them and are motivated to keep interacting.” Let your child lead the conversation and respond with interest and enthusiasm. Talk about what he or she is interested in discussing. In doing so, your child will pay close attention to what you are saying and is more likely to acquire new words.
[pullquote align=”full” cite=”” link=”” color=”” class=”” size=””]“In order to learn language, children need to hear a lot of language”[/pullquote]
Talk often: “In order to learn language, children need to hear a lot of language,” says Lowry. “And for children learning more than one language, this means that they need a lot of exposure to both of their languages.” Experts recommend talking through everyday activities to increase the amount of English your child hears. Every activity is a learning opportunity. Talk about what you’re putting into your cart at the grocery store and what you’re going to cook. Read books together and point out what you’re seeing in the pictures. When you go to the doctor’s office, point out what the various instruments are called. Remember to follow your child’s lead so that he or she continues to be engaged in the conversation.
Use difficult words: When it comes to learning a new language, use common words as well as words your child might not hear every day. “When parents use a wide variety of words, their children tend to develop better communication skills later on,” says Lowry. Use the same word in different sentences to help your child start to understand its meaning. For instance, when dressing for the day, talk about the temperature outside. When cooking, talk about the temperature of the oven. Use new words in new situations to broaden opportunities to hear words they might not otherwise hear. Before you know it, their vocabulary will expand.
Use proper grammar: Don’t try to oversimplify your sentences or words or speak incorrectly; instead, use proper grammar and speak how you usually would to help your child understand. For instance, say “Daddy is making dinner” rather than “Daddy make dinner.” It’s also important to use new words as part of a sentence instead of on their own, as the sentence will help your child figure out the meaning. “For example, if the child just hears ‘freezer’ while you point to the freezer, the child doesn’t know if the word refers to the door of the freezer, the freezer itself or the food inside,” says Lowry. “But if he hears: ‘Let’s put the meat in the freezer. This will make the meat really cold so it will stay fresh. Then we can eat it next week when we want hamburgers again,’ this tells him that ‘freezer’ is the part of the refrigerator that is really cold. It also tells him that ‘freezer’ is a noun (the name of a thing) because there is already a verb in the sentence.”
Use your native language at home: When a child begins school or daycare, parents often ask whether they should start speaking English at home. The answer is no. “Parents should speak to their child in a language they are 100 percent comfortable with,” says Lowry. If parents aren’t fully fluent, they might not speak English well enough to teach their child. Also, communication with their child may suffer. Moreover, research suggests children risk losing their home language unless they hear it spoken often. “Learning a second language doesn’t mean abandoning the first language,” says Lowry. “It means providing enough exposure to both languages.”
Crestwood Echo November 11th, 2016
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