Teaching your kids early on about the fundamentals of saving, delayed gratification and investments will give them the confidence to make smart investment decisions in the future. Cam McLellan explains how he has created the McLellan Bank to build his children’s investment knowledge.
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Blindly accepting that prices will double every 7 to 10 years leads people to make grave mistakes with their investments. Nobody has a crystal ball that tells them the exact dollar value of a property 10 years from now, but that doesn’t mean that smart investors can’t establish reasonable grounds for predicting the direction and strength of market movements in the short to medium term.
