Earn Some Money all Through High School

Helping your teenager understand the value of compounding interest and saving early will turn them into retired millionaires with just a few summers of working. As they get older, the financial responsibilities increase making it difficult to contribute towards their retirement savings. This is the right time to kick start their retirement saving as they have the time and money with them. You can calculate the amount your child can make every summer from the age of 16 so that when he graduates he will have a million with him. Make sure your kid never dips into this retirement saving until he retires.