Why Teach This Early?
Real estate is how most millionaires build wealth. Understanding property investment early gives decades of advantage. Donald Trump started in real estate in his early 20s. A teen who understands real estate can make smarter housing decisions for life.
Progressive Sub-Goals
Introduction
Understands the process of buying a home
💡 Tip: Attend open houses together - make it real.
Developing
Analyzes a potential investment property
💡 Tip: Use the 1% rule - monthly rent should be 1% of purchase price.
Mastery
Invests in fractional real estate or a REIT
💡 Tip: Start with REITs in a Roth IRA for tax-free growth.
Teaching Tips
- 1Read "Rich Dad Poor Dad" together - it changes mindsets
- 2Discuss the difference between assets and liabilities
- 3Analyze your own home purchase - what would you do differently?
- 4Explore house hacking - living in one unit while renting others
Learning Resources
Related Skills to Explore
#236 Starting a Business
Academic & Career • Ages 9-12
Launches a real business with a business plan
#237 Index Fund Investing
Academic & Career • Ages 9-12
Opens a custodial investment account and understands what an index fund is
#238 Negotiation
Academic & Career • Ages 9-12
Negotiates a price at a garage sale
#336 Driving
Vehicles & Transport • Ages 16-18
Obtains learner's permit, practices driving
#337 Manual Transmission Driving
Vehicles & Transport • Ages 16-18
Understands clutch, gear shift, and rev matching concepts
#338 Advanced Vehicle Maintenance
Vehicles & Transport • Ages 16-18
Performs routine maintenance