Self-made millionaire and personal finance expert David Bach created a career based on what he learned around the dinner table: money. His grandmother helped him buy his first stock in McDonald’s at age 7. His dad was a financial advisor. Now, the author of bestsellers like "Smart Women Finish Rich" and "Debt Free for Life" hopes to instill the same money curiosity in his 7-year-old son.
Bach started teaching his son the basics as early as age 3, and now he owns stock in Disney and is saving up to purchase shares in Apple. Recently, Bach mentioned to him that pop star Justin Bieber reportedly earned $100 million last year. His son’s response: “Wow he’s going to owe a lot in taxes, huh?”
One thing is clear to Bach: “Kids soak up everything.” And when it comes to money, he says, most parents are teaching the wrong lessons.
Answer by lovingmy4babies at 1:32 PM on Mar. 23, 2011
Answer by dancinintherain at 6:47 PM on Mar. 22, 2011
Answer by Anonymous at 6:47 AM on Mar. 23, 2011