Unfortunately, most consumers do not have adequate
knowledge about managing their money, as financial planning is not a subject that is typically taught in schools.
The amazing team here at Smashwords: Our development team spends every day dreaming up and developing new tools to give our authors and publishers a competitive advantage; our service and vetting teams dedicate their days to supporting our authors, publishers and sales channels; our merchandising team works to promote our authors at major retailers and library platforms; our marketing team focuses almost 100 % of its effort empowering indie authors with best practices
knowledge they can use anywhere, even if they don't publish with Smashwords; our finance team
manages the inflow and outflow of
money to ensure our authors and publishers are paid on time, every month; and my wife, advisor and confidant, Lesleyann, without whom I would have never co-written a novel
about soap operas that started this grand adventure.
That means if you set up an IRA for your child at 12 years old, and they apply the wisdom and
knowledge you impart
about managing money and investing, they can create other means of wealth.