Creating a generation of kids that never need to worry about money
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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 […]
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 […]
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 […]
Giving Munny Journey as a gift at a baby shower can help the new parents change their baby’s life before he or she is even born. The gift can be made even more special by starting an account for the baby and pre-loading it with money. Here are the steps to successfully give Munny Journey […]
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 […]
How to use Starbucks to teach good munny habits: Two weeks ago I purchased 20 shares of Starbucks for a seven year old child client that had expressed an interest in investing. His mom took my young client to his new investment (Starbucks) after school. Mom explained that he was now a partial owner of […]
“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 […]
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 […]
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 […]
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? […]