The other day I was explaining to my 10 year old son about saving his money and the art of compounding. I told him that if he could make $100 per week he should save half of that money and invest it. He was not excited about this, of course, but his eyes lit up when I showed him how this $50 per week sacrifice could make him a Multi-Millionaire by the time he was 40 and a Multi-Billionaire by 70.
Our conversation went a little like this:
Dad: Son, you like playing Call of Duty and your computer right?
Son: Yeah
Dad: Well, Activision (ATVI) which makes those epic games; and Intel (INTC) which makes the processor for your computer are public companies, which means anyone can purchase shares and own a little piece of those companies, They even pay dividends which is part of the profit they make when you and your buddies buy games and new computers.
