Dad, I’m really stuck. What am I going to do?Who should I blame? I work all the time and never have any fun any more. I’ve even taken a second job to get caught up, but it just seems to be impossible…
This blog will help parents and young adults understand their relationship with money and learn how to be financially free. This blog has nothing to do with accumulating wealth, but everything to do with helping young adults understand the value of money.
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As Christmas is fast approaching, we’re hearing a lot about these little monkeys flying off the shelves. If you’re lucky, maybe you can snatch one for your kids. Just look at them! Blow them a kiss and they’ll kiss you right back! — so cute, right? It’s no wonder why they’re selling out so fast!
If you can’t get your hand on a Fingerling this year, consider giving them this other awesome gift for Christmas. Believe it or not, they will thank you! They may not thank you today, but when they become adults, they will tell you it was the best gift ever from mommy and daddy.
Are you ready to hear what it is?
“Dad, what is money?” my four year old asked me as I picked him up from school on a cold winter afternoon. His question surprised me. Did his teacher mention “money” during class today or did one of his friends say something to him on the playground about money? I quickly distracted him and asked him about his day and what snack he wanted to eat.
His question got me thinking…
Being a parent is the most difficult job in the world.
It has been a long time since anyone believed you can tell a child to “Do as I say, don’t do as I do.” Modern experts agree that the best way to teach a child anything is by example. In spite of this, many parents fail to ”show” their children one of the most important lessons they’ll ever learn: how to deal with money responsibly.
I recently came across an article that argued – quite convincingly – that parents are poor financial role models for their kids. Here is a quote from the article:
“Most parents (77%) say they are not always honest with their kids about money; 15% lie weekly. Half are willing to discuss saving and spending issues but almost no one talks about tougher concepts like inflation (19%), investing (16%), diversification (11%), and asset allocation (8%). A third avoid talking about the family’s finances altogether.“
Lets break that down, piece by piece.
Whether you invest in real estate, you run your own business or starting out, there is one financial skills that will help you achieve success. It is not financial acumen, decision making or “insider secrets”.