Tag Archives: money

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 […]

Teach Kids About Money Using Starbucks

Investomom Strategy: Help Your Kids Understand Investments

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 […]

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 […]

Financial Mistakes Made in Your 20s

The Most Common Money Mistakes of Your 20s

The biggest mistake any investor – including someone in their 20’s – makes is not understanding the multiplying effect of compound interest. Time is the key component of growing wealth. Let’s look at some simple math: 270, 114, 48, 20, 40, and 3. At birth your multiplier is 270. If some invested $1,000 dollars and […]

Do you have a Financial Roadmap?

Not having a financial roadmap is as silly as not getting an annual physical.  Most people spend more time planning a vacation. Having a financial plan is a keystone habit. The information makes one conscious of where they are, what they need to do, and how to get there. The younger you start the easier […]

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 […]

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 […]