Hi Tina and Irishbull,
I just came across this board. Great idea.
Teach the young ones (and maybe not so young) that every penny you put to work for you instead of spending, will help increase your wealth.
Also teach them the concept of compounding interest. This is particularly important at a very young age because they have so many more years for the money to multiply.
Also when young ones start working, especially full time work after college, get them to begin saving/investing as much as they can afford, so they gain the most from compounding.
I saw a chart once that showed someone that regularly invested a small amount starting at age 25 ended up with a lot more than another person who started regularly investing a large amount beginning at age 40.
My first job had a very good retirement system. When I was in my early 30's I changed jobs and withdrew all of my retirement and spent it. I didn't start saving again until many years later. I kick myself in the arse every time I think about that young and foolish move.
Best of luck.
Ron
