TIE #085: How to Use LEGO to Teach Your Children About Money and Investing
Ever heard of the Marshmallow test?
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I don’t know about you, but my time in public school did not do a great job at preparing me for real life.
It didn’t teach me how to create a budget, pay my taxes, or invest for my future.
You know, things that actually matter.
It’s probably safe to guess that this still applies today.
Well, LEGO investing and what I offer paid newsletter subscribers can help with that.
Multiple parents have emailed me over the years to explain that LEGO investing has allowed them to teach their children how investing works from a very young age.
Looking back, I’m annoyed at myself for not writing about this sooner.
Here is a simplified version of what they do:
I issue a “Buy Alert” via this newsletter
The parent/child order two of each set listed in the alert
The parent/child build one of the two sets together
The parent/child store the unbuilt set
When the child inevitably asks what you’re going to do with the second unopened set, this is where you explain the power of appreciation.
“If we only open one of these, we can save the other one for a long time and people will give us way more money than we paid for it”
“They’ll give us so much money that we can buy TWO sets for selling this ONE set or buy a BIGGER set after selling this one SMALL set.”
It’s a modernized version of the famous Marshmallow test.
They learn the idea of:
Patience
Scarcity
Investing
Compounding
Discipline
Delayed Gratification
Not only that but the hobby has the potential to eventually pay for itself.
Investments from prior years have the ability to fund future builds and investments.
It shouldn’t just end with the buying and building.
Track the performance of each investment together in a spreadsheet every month, just like I do with my personal portfolio inside this newsletter.
(If you are a spreadsheet expert with financial experience, I will pay you to create a template for this to offer to newsletter subscribers)
I cannot tell you what I would give to have been able to do this with one of my parents when I was a child.
Actually I will, I’d give up everything.
The memories and value lessons learned would be priceless.
I know people have attempted to do this with stocks, but let’s be honest, children will never care enough about things they cannot touch.
LEGO fixes that.
If you already do something like this, please chime in down in the comment section.
When you are ready, there are a couple ways I can help you:
Become a Paid Newsletter Subscriber: Get access to ALL of my paid posts and join the paid subscriber Discord server (it’s basically a chat room).
Get LEGO Investing Mastery: Buying LEGO to invest in is easy, but selling it all when the time comes is not. This inexpensive video guide teaches you how to actually make money when it is time to sell.
(This guide was updated today, May 8th, 2025)
What a great idea for a post! I’m the only one with patience that builds with my 9 year old grandson. Very informative and done in a way for developing the young mind. Thank you for a great post!