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The New Piggy Bank. 

 

By Hamadi Jett. June 25th.

 

Around the age of 7 or 8, my single mother brought home a pink plastic piggy bank. I was instructed to pick up every coin I found and place it into the piggy’s slotted back. Immediately I went ripping, running, and looking through all things that weren’t mine just to produce a precious penny, sometimes maybe a nickel. For years I carried the belief that money was meant to be saved, so another day meant another pocketed penny, quarter, nickel, or dime. This was my first lesson about financial literacy, and sadly my last for many, many years.  

The Piggy investor

I have several friends that can identify with this piggy bank mentality – even in their adulthood. Coins decorate their cupholders, carpets, corners, and countertops. As a friend, it’s hard to empathize with their financial pains when I can collect 78 cents on the walk to their restroom. The piggy bank, however, did establish a fundamental premise that the future’s comfort is made on today’s sacrifice. Yet, still, the piggy bank investment doesn’t yield us financial freedom or generational wealth, so with all due respect, our dreams have outgrown a pig-sized bank, and more importantly, a piggy bank mentality. 

Rethinking the piggy

Our children are better equipped with a roadmap to financial freedom than collecting coins. A diversified portfolio that grows autonomously is just as gratifying as hunting for depreciating coins, and it takes half the effort. It’s time to leave the pastime from which it came and to introduce a financial lesson that will carry us to the land of freedom we all so dearly romanticize. It begins with the letter i and ends with the letter t; teaching our children the importance of investing at the tender age of 3 or 4 is the equivalent of giving them the ability to become wealthy. Let our leaders of tomorrow reap from the departure of our limited ways of thinking by employing the new piggy bank – investment. 

Our goal isn’t only to make investing a life-changing experience for young people; it’s also to pass on financial fundamentals that weren’t previewed to us growing up.

If you would like to learn more about our services dedicated to developing financial literacy skills in children, click here. For the rest of you who also made it this far – see you all on the greener side. 🙂 

About Author

Hamadi Jett is a Stuff&Stock intern with a background in

Facebook Advertising, Content Curation, and Social Media.

 

 

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