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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.

LATEST FROM BLOG


Dad, Convince Me To Save Money!

“Dad, convince me to save money!” Now that’s throwing down the gauntlet. You’ve upped the ante from asking me why you should save money to outright challenging me to convince you to save money. Here’s the answer that should convince anybody who thinks it through. Imagine losing everything and having to live on the street. It happens to people like us all the time! Life often throws unexpected curve balls. If you’re not prepared, it can be awful.

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Dad, I want a Fingerling for Christmas!

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?

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Dad, What is Money?

“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…

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Dad, What Does It Mean To Be A Good Money Role Model? (part 2)

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.

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Dad, What Does It Mean To Be A Money Role Model? (part 1)

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.

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