5 financial concepts every teen should know

Hello and welcome to this week’s edition of Prequel.

In case you forgot, Prequel is the free newsletter for high performing teens and their parents. We give you weekly insights on how teens can get ahead - both academically and professionally.

Today we’re here to talk to you about financial literacy.

Financial literacy is one of the most important life skills. Unfortunately, most people don’t learn this skill until they’re out of college - and sometimes much later.

Here are 5 simple but important ideas about finances that every parent should show their teens:

1. The power of compounding:

2. The effect of taxes:

3. The difference between investing and gambling:

4. The longer you invest for, the more likely you’ll win:

5. Inflation - a dollar tomorrow buys less than a dollar today:

Thanks for reading!

Did you find this helpful? We hope you’ll share this with your child and that it opens a discussion.

Let us know your thoughts by replying to this email, we’d love to hear what you thought of today’s issue.

Until next week,
Ivy