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Common Misconceptions About Money

Volatility = Risky. Capitalism is creative destruction subject to business cycles. This process forces change and change over time creates winners and losers.  The average person fights or ignores change until it impacts their life. Only then does the average person react. The wealthy embrace investments and systems that maintain and create wealth.  The wealthy […]

How do I convince my millennial child that saving is important?

The only way to convince someone to do anything is to set a good example.  Monkey see, monkey do.  Start sharing your financial plan with your kids.  Quotes like, “I sure wish I would have started when I was your age,“ set the stage. Ask your millennial questions like: “Have you started investing?” “What can […]

Teaching kids about money and why we don’t do it

Money is slowly experiencing a generational paradigm shift. The shift has been caused by extended life expectancies. Life spans are increasing by 30% a decade.  In the early 1900s many people would WORK and DIE. In that era, there was no reason to save.  The majority of the greatest generation and the baby boomers are […]

Munny Journey Talking About Money

Why don’t people like talking about money?

Nobody likes to look or feel stupid.  When it comes to money, you’re supposed to have implied wisdom.  The reality is that most Americans have a financial literacy deficit.  Money smarts are not taught in school and most parents don’t have good money habits.  If you don’t know what you are talking about, you don’t […]

How do I talk to my grandkids about money when their parents won’t?

When talking to younger kids I recommend talking about planting a tree. If possible, plant a physical tree (this can be started at any time).  Investing money and planting a tree have a lot in common.  Investing in a growth mutual fund grows money over time. The longer the time the bigger the amount. Talk […]