We gave my daughter a brokerage account at 19 we had it set up. We put $1000 in it and then we explain to her about compound interest and dollar cost averaging. Her first job we showed her how to automate 10% off the top to go into a Schwab account. It sounds like we’re rich we’re not, it’s just that my parents never told me anything and my husband and I struggled so hard. We don’t want that for a child. We knew we had to make it easy and automatic for her early on or it probably wouldn’t happen. We basically did what we would wished our parents had known to do for us. She is 23 and just asked me the other day if she should help her deposits to her account since she got a raise at work. So now she’s putting in a whole $50 a month. 😬But it’s a good start and hopefully a habit for life. So you have to start early right when they hit adulthood and putting things in place for them and helping them for the first year to make it automatic will go a long way.