Dear Tim,[first part redacted] how am I supposed to get my kids interested in stocks and investing generally? They just don’t care…. –Scott
Ah yes, the timeless question! Once you’ve motivated yourself to do something good, how do you get the ones you love to see the same light you’ve seen?
First off, let’s identify the obstacles: Some of it is going to be genetic. We’ve all heard the story about that legendary marshmallow test performed on two year-olds in which the ones that could delay gratification for two marshmallows later ended up demonstrating more socially desirable characteristics later in life. The article “Workers Who Neglect Their Retirement Neglect Their Health, Too” emphasizes the point that cultivating delayed gratification habits has far-reaching consequences in life, beyond just financial.