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5-Year Old Looks To Teach Children to Save And Invest
Kennedy O’Neal may only be 5-years old, but this kindergartener already understands the importance of saving money at a young age. Her fascination with money actually started while she was still in diapers.
As a toddler, she began stashing money away in her piggy bank and would always on the prowl for loose change in the couch or car to add to her collection. "These days, I've revved up my chores around the house in hopes of earning even more money," stated Kennedy.
According to a 2017 GOBankingRates survey, nearly 60 percent of American adults have less than $1,000 in their savings accounts. Almost 40 percent have no savings at all.
For Kennedy's father, Chris O'Neal, a real estate investor, the earlier you start saving, the more prepared you’ll be for a rainy day. This is the very message he’s instilled in his daughter.
"When kids save early, it sets them up for their future. The burden will be much lighter when it is time to pay for ever rising college tuition. The goal with saving is to keep kids out of their parents' wallet," stated Chris. "The earlier you start saving, the more prepared you'll be for emergencies and the future."
As a toddler, she began stashing money away in her piggy bank and would always on the prowl for loose change in the couch or car to add to her collection. "These days, I've revved up my chores around the house in hopes of earning even more money," stated Kennedy.
According to a 2017 GOBankingRates survey, nearly 60 percent of American adults have less than $1,000 in their savings accounts. Almost 40 percent have no savings at all.
For Kennedy's father, Chris O'Neal, a real estate investor, the earlier you start saving, the more prepared you’ll be for a rainy day. This is the very message he’s instilled in his daughter.
"When kids save early, it sets them up for their future. The burden will be much lighter when it is time to pay for ever rising college tuition. The goal with saving is to keep kids out of their parents' wallet," stated Chris. "The earlier you start saving, the more prepared you'll be for emergencies and the future."
