Teaching a child about real estate

[Joe Splitrock]

I am looking for suggestions on how to teach children about investing in real estate. I have an 8 year old that I would like to raise with an investor mentality. I have read the Rich Kid Smart Kid book. We own and manage rental properties so she is exposed to almost daily discussions around real estate. For starters, I am not sure how many 8 year old kids even understand what a tenant is, what rent is, what financing is, etc. My child has been exposed to all these things. I am looking for any suggestions on how I can further develop her mind-set.

[Jennifer Griffin]

I agree with @James Austin, putting myself in your shoes, I would start out with some financial literacy fundamentals like Dave Ramsey's financial Peace University and then follow up with some fun and creative activities. One could be Rich Dad Poor Dad CASHFLOW game for kids. This could serve as a safe and interactive way to teach fundamentals and begin creating a mindset. Another way is giving your child an opportunity to have ownership of something small, manage it and see how he/she does. This will serve as a great way to reinforce certain concepts, behaviors or thought process.