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Credit card debt and depression

Credit Card Debt Causes Depression

A recent study linked short term debt with depression.  This correlation makes sense and plagues many Americans stuck in credit card debt.  One untimely event can cause the economic teeter totter to swing the wrong direction.  The great thing about the study is that this is something that can be fixed. If we reframe investing […]

Millennial Parents Face Economic Hardships

Young Invincibles report the plight of Millennial parents

I just finished reading a report from Young Invincibles describing the financial hardship facing Millennial parents.  The economic tsunami of lower income coupled with the higher costs of raising a child and being saddled by student debt is taking a toll on this generation of future leaders.  My heart goes out to this group as they attempt […]

Munny Journey Money Mountain

Free Baby Shower Gift: Munny Mountain Chart

You can download a free copy of the Munny Mountain Chart; a cute idea that serves a dual purpose.  First, it can be used to measure the height of your child as they grow. Not only that, it can measure and chart your child’s investment success. Munny Journey teaches the principle of compound interest at […]

elephant piggy bank Munny Journey

Can People Really Change Their Financial Habits?

I recently read an article asking this question: can people change their financial behavior? The article went into different budgeting and savings systems that demonstrated how to mentally reposition savings that changed most outcomes. The elephant in the room is that millions have already changed their financial habits by participating in 401(k) plans or making IRA […]

Investomom uses confidence

Investomoms Use Confidence as the Greatest Teaching Tool

Confidence: belief in one’s self and one’s powers or abilities; self-confidence; self-reliance; assurance. Financial education builds confidence. Confident people take action. Action produces results. Lack of financial education breeds inaction: fear of making a mistake, fear of not doing the right thing, fear of looking stupid. Without confidence or a mentor, most folks will do […]

Munny Journey Money Mountain

How Investomoms Use the Munny Mountain Chart

Watching kids grow is a fun part of parenting. At our house we had a wall in the laundry room that was used to measure kids heights at different ages. It was always fun when they would put their backs flat against the wall and stretch to the sky trying to eke another inch on […]

Investomom

What do Investomoms Want?

“The most important thing to me is raising kids who are financially responsible. Some responsibility will have to be learned in adulthood, but much of it can be learned at home.” – Natalie, Investomom Taking care of their family and themselves is a top priority for Investomoms. Financial security is always on the radar screen.  Money […]

Investomom

What is an Investomom?

Investomoms are all about financial security.  This new breed of investor can see into the future to protect their kids and families from financial procrastination.  Each addition to the family starts a financial clock that she addresses with proactive vigor.  Investing a dollar a day into a growth mutual funds will help offset known events […]

Kids and money

The Biggest Mistake(s) Parents Make When Teaching Their Kids About Money

The biggest mistake parents make when teaching their kids about money is not starting early (if at all).  Kids are sponges.  Look how fast they learn.  Why do we read to our kids?  But, what should we read? Parents are the mentors and coaches for the next generation.  Create a well-balanced life by teaching the […]