COGR
Core Medical Group Inc
stock OTC

It’s admirable what you’re trying to teach him. You have a few options…
1. Show him a time value of money calculator. Research average COGR of the stock market (9.5%), current HYSA rates (4.0%), a Chase savings account (0.2%), and a wallet.
Show him what $1,000 does in each of those scenarios for 50 years.
Explain the rule of 72…72 divided by annual return gives you a rough estimate of how long it takes to double your money.
Show him how much he needs to retire with $5million if he starts now vs in 20 years.
If none of that works…
Option 2: offer to “match” contributions he makes to a savings account into a separate investment account. Free money might entice him to get started.
Options 3: accept that a teenager isn’t worried about retirement and just start saving for him and have the conversation again in 9 years.
I started savings for my kids where they were born (because those extra 16 years also make a big difference on the backend). They are 12,10,8 and average about $600/$500/$500 each month respectively. The goal is to tell them about this in their 30s so that they know their retirement is basically funded.

It’s admirable what you’re trying to teach him. You have a few options…
1. Show him a time value of money calculator. Research average COGR of the stock market (9.5%), current HYSA rates (4.0%), a Chase savings account (0.2%), and a wallet.
Show him what $1,000 does in each of those scenarios for 50 years.
Explain the rule of 72…72 divided by annual return gives you a rough estimate of how long it takes to double your money.
Show him how much he needs to retire with $5million if he starts now vs in 20 years.
If none of that works…
Option 2: offer to “match” contributions he makes to a savings account into a separate investment account. Free money might entice him to get started.
Options 3: accept that a teenager isn’t worried about retirement and just start saving for him and have the conversation again in 9 years.
I started savings for my kids where they were born (because those extra 16 years also make a big difference on the backend). They are 12,10,8 and average about $600/$500/$500 each month respectively. The goal is to tell them about this in their 30s so that they know their retirement is basically funded.