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? […]
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 […]
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 […]
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 […]
What do you do if you’ve been good with money and are “wealthy?” What do you tell your kids about family wealth? Should you tell your kids? Kids are learning about wealth from an early age. They are watching their parents and listening to financial conversations. Investment talk should start as early as possible. First, […]
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 […]
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.
It’s about creating financial security and creating savings habits at a young age. Teaching your kids about money can change their future, and yours. It’s not about becoming rich, just about becoming smart about money.
You don’t have to be a genius to obtain financial success. A dollar a day into a mutual fund can change your future (or the future of your children).