Investing in Time and Value
When I was a kid, one of the things I collected was stamps. It was incredible how many different types of stamps there were. Even things like perforation on each side inside of perforation on only one side could make the difference in the value of a stamp. I was given a kit when I was a child, and through the years, I had amassed quite a few stamps.
My son on the other hand collects coins. His father loves to do things like go metal detecting, and when they find a rare coin or treasure, it's exciting for them. I was able to share some old coins my father had collected when he was younger. Coin collecting is a great hobby to take up with your child. It's something you can discover together, and you're building a collection that's a wise investment as well. One type of coin to add to their collection is us gold coins. You can explain the value of gold and other precious metals, and work it around their collection as well.
We learn valuable lessons from time with our parents. When you teach your child, in a fun environment, they are going to absorb that information. Take my husband, his father taught him about investing in his teens. It's a valuable thing that's served him well. Most children have heard the expression, "Don't put all your eggs in one basket", and you can use this to help them understand that value comes from many places, and investing in different things like stocks and bonds, and precious metals, you'll diversify your portfolio. Make coin collecting a great quality time activity, and teach them about investing right along with it! Looking up the value of the coins you get is as much fun as picking them out.
Over at Monex.com it's easy to find the value of precious metals like platinum, silver and gold. At the top of their website, they have a scrolling bar that shows you not only the current price, but if it's currently up or down. It's a first great step in investing with your children.