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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 […]

Won’t my kids end up spoiled if I start saving money for them from the day they are born?

spoil (from Google) verb  1. diminish or destroy the value or quality of. “I wouldn’t want to spoil your fun” 2. harm the character of (a child) by being too lenient or indulgent. “the last thing I want to do is spoil Thomas” Should you teach your child a life skill that creates financial security?  […]

How do I make teaching kids about money fun (for both of us)?

Parents want their kids to be successful and develop life skills, but I am often asked, “when and how do we started?”  My suggestion is to get started early.  The first step is to open an investment account for your child.  Now that the success account is open it’s time to make a game to […]

Teaching Kids About Money

How early should I start teaching my kids about Money?

Parents should talk to their kids or teach their kids about money as early as possible.  Money knowledge should be weaved into every day habits and discussions.  Is investing a dollar a day less important than brushing your teeth?  Is developing a college savings plan something that should be delayed?  Everyone has life events that […]

Financial Lone Wolf

Lone Wolf

  Instant gratification is the enemy of financial security. If you plan ahead (if you budget), you can buy whatever you want. Just don’t sacrifice the future for the present. One must act like a lone wolf to bust beyond the cyclone of instant gratification.

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 […]