Building Wealth Requires Do-it-Yourself Investing
This year, my 6-year-old daughter, Ella, learned how to count money. I burst with pride when I walk into Ella’s room and discovered her, kneeling on the floor, itemizing the nickels, dimes, and quarters in her piggybank. Beyond Ella’s new counting skill, though, it’ll be my job to teach her to appreciate the true value of a dollar. At some point, I’ll need to break it to her (gently) that saving money—and maximizing those dollars via prudent investing—is the only way to guarantee a comfortable future.