Teach Kids to Avoid Debt and Invest
Team TRADEway • June 29, 2019
How do we teach our kids how to invest and how to avoid debt? For me, this was really important because I used to be in a lot of debt, and I used to be scared to death of investing. If you feel like that, and if you're wondering, “how can I get help with that?”, come check us out at a TRADEway event. We'll help you out. But then we still have to transfer that to the kids, right? We want to teach them this skillset. So, how do we do that?
Here's how I started. First, I let my kids get in debt. Oh, that's a horrible idea, right? No! It's actually a really good idea and here's why. First, I let my kids say, "Hey Daddy, I want this. I want that." And I said, "Okay, great. You're going to use your own money." "What?" "Yeah, use your own money." So, they'd have to work a little bit and make a little bit of money and that taught them that money was not infinite. They've got to figure out how to get more of it.
Next, we went to the store and it was time to make their purchase. When they found out how much it was, they said, "I don't have enough Daddy." Well, guess what, I didn't just give it to them. I made them go back and work for more. It's terrible; I know. You're going to feel like a horrible parent. But, it's going to be awesome for the kids.
Now if that's just too mean, there is an alternative. Go ahead and loan them a little bit of money, which gets them in debt. Then make them pay you back. It's a good idea because you can control the consequences for them. It will make that kid think, "I do not like debt." My kids hate it. I made them get in debt to me once, and they despise it now. My little girl says, "I don't want debt, Daddy. I'll save up my own money." And my reply is, "Good job. Good idea." So, this gives you a great foundation for preparing them for later in life. They can see that debt can be used to get the things they want, but they're going to have to work to get that debt paid off.
Next is investing. How do we teach them about this? First, help them set large goals. Help them set goals that are just really way up there so that it will take them a lot of time to reach them. For my little girl, it was gymnastics equipment. She's into gymnastics, and she wanted those uneven bars that she could swing on. She loves it, so that's what we were going for. It cost $300. I said, "Maddie Grace, use your money." "It's gonna take forever, Daddy." I said, "Yeah, would you like to learn how to make it go faster?" "How?" "Well, use your money to work for more money." And she said, "How do I do that?" Now it's time to teach her stock trading. She's only nine but she's already starting to understand it.
So, if you want to teach your kids how to invest, give them those big goals that seem hard to reach and then ask them, "Do you want to reach them faster? If you want to reach your goals faster, you need a way to leverage." This gives all kinds of opportunities to teach your kids about how to invest.
So, get them into debt and then get them into investing. Just let them experience it with you in control and making sure that they're safe the whole way. When you do that, you're a rockstar of a parent.
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The long-term investing industry hasn’t really changed that much in the last 50 years as far as their message goes: ”Don’t worry about bear market crashes, just stay the course…” Many people argue that the average person on the street would be way better off if they just bought the S&P 500 and held it rather than trying to buy and sell individual stocks themselves. Well, that may be absolutely true if you have zero trading skillsets. But if you do have the kind of trading skillsets that TRADEway teaches, then the old line philosophy of buy and hold isn’t the best strategy for you. In today’s episode we’re talking about some common myths that buy-and-hold-ers propagate. Let’s get into this important discussion…
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If you’re losing money trading, it’s probably because of one of these three things you need to quit doing. Many traders are addicted to more–more trades, more screens, more stress. What’s the problem with that? Sometimes it’s the fastest way to blow up your account. Hi, my name is Matt Mitchell. I’ve been trading for seven years and I absolutely love it. I’m also a Personal Strategist here at TRADEway. And today I want to share with you three things I quit doing to make more money trading.
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Did you know that 80-90% of stock traders fail? This might look like pretty terrible odds at first, but don’t let this statistic scare you. In this episode, I’m going to show you how to be the exception. Let’s look at the seven most common reasons why traders give up.
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•
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Did you know that 80-90% of stock traders fail? This might look like pretty terrible odds at first, but don’t let this statistic scare you. In this episode, I’m going to show you how to be the exception. Let’s look at the seven most common reasons why traders give up. 
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•
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The long-term investing industry hasn’t really changed that much in the last 50 years as far as their message goes: ”Don’t worry about bear market crashes, just stay the course…” Many people argue that the average person on the street would be way better off if they just bought the S&P 500 and held it rather than trying to buy and sell individual stocks themselves. Well, that may be absolutely true if you have zero trading skillsets. But if you do have the kind of trading skillsets that TRADEway teaches, then the old line philosophy of buy and hold isn’t the best strategy for you. In today’s episode we’re talking about some common myths that buy-and-hold-ers propagate. Let’s get into this important discussion… 
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•
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The long-term investing industry hasn’t really changed that much in the last 50 years as far as their message goes: ”Don’t worry about bear market crashes, just stay the course…” Many people argue that the average person on the street would be way better off if they just bought the S&P 500 and held it rather than trying to buy and sell individual stocks themselves. Well, that may be absolutely true if you have zero trading skillsets. But if you do have the kind of trading skillsets that TRADEway teaches, then the old line philosophy of buy and hold isn’t the best strategy for you. In today’s episode we’re talking about some common myths that buy-and-hold-ers propagate. Let’s get into this important discussion…
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We all know that feeling… A trade is going well and you’re feeling elated anticipating taking profits. And then out of seemingly nowhere, it tanks. Man, it’s frustrating! And if this has happened to you–maybe once, maybe many times–just know, you’re not alone. You might be wondering, why did this happen? It turns out there are three common reasons why trades stop working. Once you learn these three reasons it will be easier for you to analyze your past trades and figure out what went wrong. But more importantly, once you learn these three reasons why trades stop working, you’ll be better able to prevent a trade from going south in the first place, because you’ll start to recognize the warning signs. So let’s dive in. Here are three most common reasons why people’s trades stop working.
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•
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We all know that feeling… A trade is going well and you’re feeling elated anticipating taking profits. And then out of seemingly nowhere, it tanks. Man, it’s frustrating! And if this has happened to you–maybe once, maybe many times–just know, you’re not alone. You might be wondering, why did this happen? It turns out there are three common reasons why trades stop working. Once you learn these three reasons it will be easier for you to analyze your past trades and figure out what went wrong. But more importantly, once you learn these three reasons why trades stop working, you’ll be better able to prevent a trade from going south in the first place, because you’ll start to recognize the warning signs. So let’s dive in. Here are three most common reasons why people’s trades stop working.
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•
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Today we’re going to be talking about some things to consider before you buy gold or bars. We’re going to cover differences in price, liquidity and resale value. Let’s get into it! 
By Ben Mitchell
•
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Today we’re going to be talking about some things to consider before you buy gold or bars. We’re going to cover differences in price, liquidity and resale value. Let’s get into it!
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•
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If you’re losing money trading, it’s probably because of one of these three things you need to quit doing. Many traders are addicted to more–more trades, more screens, more stress. What’s the problem with that? Sometimes it’s the fastest way to blow up your account. Hi, my name is Matt Mitchell. I’ve been trading for seven years and I absolutely love it. I’m also a Personal Strategist here at TRADEway. And today I want to share with you three things I quit doing to make more money trading.
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•
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If you’re losing money trading, it’s probably because of one of these three things you need to quit doing. Many traders are addicted to more–more trades, more screens, more stress. What’s the problem with that? Sometimes it’s the fastest way to blow up your account. Hi, my name is Matt Mitchell. I’ve been trading for seven years and I absolutely love it. I’m also a Personal Strategist here at TRADEway. And today I want to share with you three things I quit doing to make more money trading.
By David Mitchell
•
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Did you know that 80-90% of stock traders fail? This might look like pretty terrible odds at first, but don’t let this statistic scare you. In this episode, I’m going to show you how to be the exception. Let’s look at the seven most common reasons why traders give up.
By David Mitchell
•
December 8, 2025
Did you know that 80-90% of stock traders fail? This might look like pretty terrible odds at first, but don’t let this statistic scare you. In this episode, I’m going to show you how to be the exception. Let’s look at the seven most common reasons why traders give up. 
By David Mitchell
•
November 24, 2025
The long-term investing industry hasn’t really changed that much in the last 50 years as far as their message goes: ”Don’t worry about bear market crashes, just stay the course…” Many people argue that the average person on the street would be way better off if they just bought the S&P 500 and held it rather than trying to buy and sell individual stocks themselves. Well, that may be absolutely true if you have zero trading skillsets. But if you do have the kind of trading skillsets that TRADEway teaches, then the old line philosophy of buy and hold isn’t the best strategy for you. In today’s episode we’re talking about some common myths that buy-and-hold-ers propagate. Let’s get into this important discussion… 
By David Mitchell
•
November 24, 2025
The long-term investing industry hasn’t really changed that much in the last 50 years as far as their message goes: ”Don’t worry about bear market crashes, just stay the course…” Many people argue that the average person on the street would be way better off if they just bought the S&P 500 and held it rather than trying to buy and sell individual stocks themselves. Well, that may be absolutely true if you have zero trading skillsets. But if you do have the kind of trading skillsets that TRADEway teaches, then the old line philosophy of buy and hold isn’t the best strategy for you. In today’s episode we’re talking about some common myths that buy-and-hold-ers propagate. Let’s get into this important discussion…
By Dave Huber
•
November 10, 2025
We all know that feeling… A trade is going well and you’re feeling elated anticipating taking profits. And then out of seemingly nowhere, it tanks. Man, it’s frustrating! And if this has happened to you–maybe once, maybe many times–just know, you’re not alone. You might be wondering, why did this happen? It turns out there are three common reasons why trades stop working. Once you learn these three reasons it will be easier for you to analyze your past trades and figure out what went wrong. But more importantly, once you learn these three reasons why trades stop working, you’ll be better able to prevent a trade from going south in the first place, because you’ll start to recognize the warning signs. So let’s dive in. Here are three most common reasons why people’s trades stop working.
By Dave Huber
•
November 10, 2025
We all know that feeling… A trade is going well and you’re feeling elated anticipating taking profits. And then out of seemingly nowhere, it tanks. Man, it’s frustrating! And if this has happened to you–maybe once, maybe many times–just know, you’re not alone. You might be wondering, why did this happen? It turns out there are three common reasons why trades stop working. Once you learn these three reasons it will be easier for you to analyze your past trades and figure out what went wrong. But more importantly, once you learn these three reasons why trades stop working, you’ll be better able to prevent a trade from going south in the first place, because you’ll start to recognize the warning signs. So let’s dive in. Here are three most common reasons why people’s trades stop working.