FOCUS ON INVESTING KNOW-HOW and Motivation
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Peter Helander
Add modules focused on EDUCATING & MOTIVATING DCA (Dollar Cost Averaging) to become financially independent FASTer! Could include various examples of investments done 10, 15, 20 years ago into SPY, QQQ, TQQQ, Amazon, NVDA, Google, BERK, a home that today is $750k, compared to e.g. bank returns, inflation. Show some infographics that CLEARLY illustrates the power of compounding and also DCA.
Add quizes on how much they think a home that is $750k today cost 50 years ago and also how much they think it will cost in another 50 years, then provide the right answers to all the scenarios provided. Cars, homes, stocks, price of gasoline, price of a gallon of milk and many other fun examples and answers.
Build a compound "what if calculator" letting kids put in eg. 15% of their allowance or maybe $10.00/month at average SPY rate 11% and let them chose period 10, 20, 30 years and also offer a ONE TIME investment in the start of the period.
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Peter Helander
Also, to make it fun and for motivation: Add random "APR quizzes" as the ones mentioned above and show graphs, just randomly on login to the app.
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Damian
Thank you for sharing this with us, Peter. We are always working to improve our Greenlight experience and will be sure to pass your feedback along to the team.