14 Year Old African American Teen Investment Guru Makes Us Ask…What Are We Teaching Our Own Kids?

VIDEO: 14 year old teen, Damon Williams, has a portfolio worth over $50,000 and knows stocks & bonds like most kids know tips & tricks for the latest video games. Damon was only 5 years old when he bought his first share of Nike stock and credits his mom for getting him started. Damon’s mom says she taught him “to be excited about being an “owner” as in owning a piece of the company that made that Happy Meal for him that he was always begging for or owning a piece of Nike for all those gym shoes he has to have”.

Damon teaches other children about the power of investing and could teach many adults a thing or two. This is a wonderful example of parenting done right when it comes to learning about money. This is how it should be. If you haven’t already committed—make a decision in 2011 to make sure your children (…and that doesn’t necessarily have to be your biological child) are being exposed to financial principles that most of us did not get growing up. Being equipped with even a small amount of financial common sense can change the qualities of our children’s lives drastically in the years to come

Who’s ready?!

4 replies
  1. saniyawatson
    saniyawatson says:

    Real Estate Investment

    Hi, This page is very informative and fun to read. I am a huge follower of the things blogged about. I also love reading the comments, but it seems like a great deal of readers need to stay on topic to try and add something to the original topic. I would also encourage all of you to bookmark this page to your most used service to help get the word out. Thanks http://www.positivepropertyinvestments.com.au/real-estat...

  2. Cynthia
    Cynthia says:

    Children should be exposed to financial principles as soon as they learn that money can be exchanged for something. They should learn how to save, spend and invest.

  3. Terrence
    Terrence says:

    That's what I'm talking about. I love this story. I teach a couple of guys in my mentoring program about personal finance but we haven't touched investing yet. Once again great post! Thanks for sharing!

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