Posted by : BronG 26 August 2014

At a time when our nation is on shaky ground due to race relations, an uncertain economic climate, an immature government, and senseless murders by the 100s especially in places like Chicago, there are still great stories that can persuade us to have hope in our future generations to come.

Look no further than Damon Williams: a 14 year old investor who can break down PE ratios, compound interest, realized and unrealized gains, and inflation.

Damon, who is also a sneaker head, asked his mother to buy him the latest pair of Jordans.  She told him, "before I buy you another pair of shoes, you have to buy a share of Nike".  He now owns many shares of many different companies and at age 14, including 54 shares of Nike.  He is already worth about $50,000 in great part due to sound money management and smart educated investment choices.

This kid is sharp, focused, and highly intelligent.  We're going to kick off Money Monday's again with Damon's story.  Click on the link below to see all about him.  "Train up a child in the way they should go".

http://youtu.be/6X9vjADsg0I

 

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