A review of some of the key concepts within Robert Kiyosaki’s book “Rich Dad, Poor Dad”, in which he outlines the 6 personal obstacles to financial success, defines them in detail, and then describes how to overcome those obstacles. Part one of the series covers overcoming fear, and how actually investing your eggs in just [...]
A testimonial to the power of creating financial skills in your won children. In order to give your children a head start in their financial life, there are seven important tips to follow. These steps include investing time in teaching your kids, limiting pocket money, encouraging small business ideas, and many other innovative and creative [...]
By adding financial literacy to a home school curriculum, parents can help to educate their children for future financial success. Current statistics show that public schools are horribly lacking when it comes to financial education. Considering the fact that surveys show over 70% of young adults turn to parents as a primary source of their [...]
When her husband lost his job as a mortgage underwriter at failed IndyMac Bank this July, one of the hardest moments for Jill Hofknecht was telling her 5-year-old daughter she couldn't have a pet hamster. All the accoutrements that the little rodent required — a cage, water bottle, food bowl, toys and food — would [...]
My dad passed away unexpectedly last year and, as emotionally difficult as it was to go through his things, the family was heartened to find that Dad had quietly done us yet one more huge favor. He left behind impeccable financial records and a one-page letter telling exactly where to find everything. His letter was [...]
As a parent, you may be very confused about how to dole out this thing called an allowance. But before you ever dole it out, you have to know WHY you're doling it out. Here's some questions to ponder before you put an allowance system, any system (The Ultimate Allowance or any other system) into [...]
By adding financial literacy to a home school curriculum, parents can help to educate their children for future financial success. Current statistics show that public schools are horribly lacking when it comes to financial education. Considering the fact that surveys show over 70% of young adults turn to parents as a primary source of their [...]
You may be thinking to yourself, “Is there something I can do to make sure my kids don’t move home after they move out?” In other words, you want a way to make sure they grow up to be financially self-reliant. I’m here to say, 'Yes, there are some relatively simple steps you can take [...]
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I've been thinking on this one for years. Parents have called and emailed me over the years, since I first created The Money Camp for Kids and Teens (now called Camp Millionaire) and told me that they want their children to learn the 'value of a buck.' I remember thinking the very first time I [...]
Financial Literacy for Young People by Safaa Nhairy For those of you who might think that it's only Americans that need a little (or a lot) brushing up on their financial skills, read on... British adults also suffer from a lack of basic financial education in their schools. According to statistics, 91 percent of British [...]
Financial Literacy - For Kids and Adults by Marlena Jareaux The need for financial education in this country is at an all time high. A major foreclosure is crisis looming on the horizon, and signs of financial illiteracy exist throughout the entire country. It’s more apparent now than ever before that the need for financial [...]