Tag Archives: money management

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?  […]

Teach your kids about money

Should I teach my kids about money, even if I’m not good with it?

I’m often asked, “Should I teach my kids about money, even if I’m not good with it?” The answer is an emphatic yes! Just think of all the things parents do to help their kids have a chance at success.  The countless hours of lessons, coaches and school projects.  All the books, summer camps and […]

College Students and Money Management

How do you deal with (no) money as a college student?

“Going to school… bank account dwindling… what should I do?” I love this quote: “If you do what is easy life will be hard, but if you do what is hard life will be easy.” You stand at a critical juncture in your young adult life as a college student. Look around and observe what […]

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 […]

Learn to Manage Money

A New Way to Manage Money

The biggest key to manage money successfully is to make money systematic.  First, I have always lived on only 90 percent of my income. I took the difference and invested those assets for long-term growth. Once in that account they never came out no matter how hard times were. Second, we also maxed out our retirement […]