Early Financial Advice for Kids

This is a Singapore news story, published by CNBC, that relates primarily to Eric Malka news.

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Entrepreneur

CNBC

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Business

Business & Economics

Wealthy leaders share financial advice they gave their kids: Invest early, learn from failure — and think carefully about inheritance

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81% Informative

Entrepreneur Eric Malka had to completely shift his mindset when he sold his company and became an investor.

He took courses on wealth management, read books on investing and now has a diversified portfolio of stocks, bonds, private equity and real estate.

Singapore -based CEO Gregory Van and his wife have investment portfolios for each of their kids.

"Give them an allowance no later than the first grade," is Olarte de Kanavos' suggestion.

"My goal is for her to grow up financially savvy, confident, and ready to make her own decisions," says Roshni Mahtani Cheung , CEO and founder of media company The Parentinc .

Tiger 21's Michael Sonnenfeldt suggests parents encourage open, values-driven conversations about money and investing.

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informal

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English

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