Teaching Kids Financial Literacy: The Rise of Child Investors

Teaching Kids Financial Literacy: The Rise of Child Investors

Young Savers and Investors Take Charge of Their Financial Future

In a world where children often spend their holiday cash on toys and gadgets, some young savers are taking a different approach. Meet 9-year-old Elsa Kate Dees from Ogden, Utah, who has become a shining example of financial responsibility. Instead of splurging on the latest video game or trendy sneakers, Elsa is saving her money and investing it wisely. With the help of innovative apps and parental guidance, she is learning the value of money and setting herself up for a financially secure future.

The Power of Saving and Investing

Elsa’s remarkable journey began with a simple lesson: saving money. Her parents taught her the importance of setting aside a portion of her earnings, instilling in her the value of delayed gratification. Instead of rushing to spend her hard-earned cash, Elsa learned to prioritize saving for her future.

The Rise of Child Investors

Thanks to advancements in technology and the changing landscape of finance, investing is no longer reserved for adults. With parental supervision, children like Elsa can now explore the world of investing at a young age. Apps like “Busy Kid” provide a platform for kids to invest their money and even obtain their own debit card with parental approval. This newfound accessibility is empowering children to learn about financial markets and make informed decisions about their money.

Financial Education for All Ages

Gregg Murset, CEO of Busy Kid, believes that financial education should start as early as kindergarten. He argues that children as young as five years old can learn smart financial habits, setting them up for success in the future. By teaching kids about saving, investing, and responsible spending, parents and educators are equipping them with essential life skills that will benefit them throughout their lives.

See also  Remembering Charlie Munger: The Investing Sage and Warren Buffett's Right-Hand Man

Building a Solid Foundation

Elsa’s parents are committed to teaching their daughter the importance of financial responsibility. They encourage her to categorize her money into savings, spending, and charitable contributions, instilling in her a sense of financial discipline and empathy for others. By setting goals and tracking her progress, Elsa is learning the value of budgeting and planning for the future.

A Trip to the Wizarding World

Elsa’s dedication to saving has not gone unnoticed. Her impressive savings earned her the prestigious “Best of the Best” award for 2023 from the “Busy Kid” app developers. With her sights set on a trip to Harry Potter’s Wizarding World in Florida, Elsa continues to save diligently. Her determination and financial acumen serve as an inspiration to children and adults alike.


Elsa’s story exemplifies the power of teaching financial literacy to children. By introducing them to saving, investing, and responsible spending at a young age, we can shape their financial habits and set them up for a secure future. Apps like “Busy Kid” are revolutionizing the way kids learn about money, making financial education accessible and engaging. As more children become savvy investors, we can expect a generation that is better equipped to navigate the complexities of personal finance and make informed decisions about their money. Elsa’s journey serves as a reminder that with the right tools and guidance, children can become masters of their financial destiny.