The younger a person learns something, the more likely what they learn will be part of their personality.
I would teach kids a few basic principles
1) exponetial growth (positive and negative). Make sure they can calculate the interest paid on something at a given moment in time (debt and investment). Then explain how this compounds when repeated.
2) risk and reward. I think this is the skill missing in most people when they do not invest. Explain risks (return, market, inflation, interest rate, time) and explain how to counter those risks.
3) budgeting. Teach them to spend less than they earn and balance a budget. Use investing to teach them how to increase their purchasing power.
4) politics- explain how various political events have impacted finances. Use this to teach them to vote appropriately.
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Light travels faster than sound. That is why some people appear bright until you hear them speak.
One person's stupidity is another person's job security.
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