Profitable Ideas: The Teenage Investor, Paradise Lost, and More

Weekly roundup of some of the best personal finance articles from around the web.

Teen stock trading seems dangerous. It doesn’t have to be. (NY Times). I agree with much of the advice in this article, especially the value of getting kids started with investing sooner than later. But I’d stress the importance of using a trustworthy, objective process that points them to the right investments. For more on this, read, What If Your Kids Had Their Retirement Funded Before They Finish High School? 

Why your parents need a will or trust (Carefull). It’s a tough conversation, but so needed. 

Paradise lost (Humble Dollar). Ever considered a timeshare? Read this first.

The coronavirus may change college admissions forever (NY Times). Some timely snippets from what sounds like a must-read new book for all college-bound kids and their parents.

You’re never too young to be generous: Here are 7 ways (National Christian Foundation). Love this example, and would love to find more generous young people to raise up as role models for other young people.

Roth IRA vs. traditional IRA (Mullooly). Some really important financial basics. When choosing an IRA, choose wisely. Your future self will thank you.

Deadly wage slave thoughts and how to overcome them (Woke Salaryman). Good advice for all employees. Don’t get too comfortable! 

Stories that will help your kids love work (Made to Flourish). If you have young kids, the types of books you read to them or with them can have a big impact on their views of money. Here are some recommendations for fostering a good, God-honoring work ethic.

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