Investment & Finance Thread (Father's Day edition)

Happy Father's Day! 

Seems there's no shortage of ideas out there on fathers and investing, there's an entire series of books (Rich Dad’s Rich Kid Smart Kid, etc.) but (imho) the ideas can be boiled down into a short list (from here):

• Children all have different learning styles and parents need to understand what that child’s unique style is an help them harness it so they can form a successful life plan

• Trying to force a child into a style they will not be successful in leads to frustration and substandard results.

• Formal schooling under serves non academic learning styles and financial education principles.

• Parents must fill in the gaps and help their children find their correct learning style, build a life plan around it, and teach basic financial principles that lead to success. This needs to start early in life and according to Kiyosaki the ages 9-15 are especially critical.

• The concept of making your money work for you vs. working for your money is the critical idea that is repeated. Teaching the difference between income producing assets vs. things that depreciate in value and cost money is critical to creating the mindset of the rich.

FWIW, my favorite on the list is the last one...