Millennial Money: 5 ways to get kids excited about investing

abcnews.go.com:

If you’ve sat your kids down to discuss Roth IRAs and compound interest, you might have been going about things the wrong way

What was your favorite thing to talk about as a kid? Maybe it was dinosaurs, or Barbie or the Magic Treehouse book series. It probably wasn’t compound interest. Getting kids excited about investing can pay off for the rest of their lives — but how do you do it?

Here are five strategies to help get kids interested in investing for good.

1. MAKE IT RELATABLE

Explaining what investing is and why people should care about it can feel like an exercise in futility— the jargon, the math, all the acronyms— but at its core, investing is incredibly simple. Investing means taking the money you already have and using it to make more money without having to do any additional work. When talking with kids, stay away from “Roth IRA,” “dividends” and “return on investment,” and instead focus on the basics.

The language should be simple: If you have $100 now, and you invest it, you may have $110 later. Then, that extra $10 you earned will start earning money, too. You can play around with an investment calculator to help them visualize how their money could earn more money over time.

And while it’s good to be skeptical of financial advice on social media, there are some great sources of information that may help get kids more interested in money management.

“I got started with the help of YouTube,” says Ariana Bribiesca, a content creator based in Malibu, California, who started investing at age 16 and now runs the TikTok account Ari Invests. “I spent about 10 months doing research before I decided to open up my brokerage account.”

Bribiesca got introduced to investing through social media, particularly through her