If you want to set your children up for the rest of their lives financially, teach them the importance of becoming financially free by pursuing wealth and not just income.
A college degree guarantees you nothing. The value of one will continue to diminish over time as more and more people become college educated.
My daughter asked me on Saturday my opinion on investing in marijuana stocks. She said that her generation, the one that comes after millennials, has widely adopted the use of marijuana.
She got the idea from an 18-year-old classmate who opened an IRA and made Aurora Cannabis (NYSE: ACB) her first purchase.
I told her that the best way I think you should play the trend is to purchase multiple companies, because it’s very difficult to pick the winners.
My daughter and I spent most of our dinner together talking about investing. She would ask questions, and I would answer.
I don’t know what the future holds, but I love the fact that she’s showing a sincere interest.
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