I look around at kids these days, and by kids I mean anyone under 30, and wonder what it is exactly we are teaching them at home and at school? I know I'm not alone in this inquiry...parents, teachers and adults everywhere are questioning what American children are learning and how to change this as [...]
In any economy, it's a known fact that there are people who do unscrupulous activities to make money illegally by using other's people identities. Knowing this, you can teach your children some very basic precautions to minimize their risk for having their identity stolen and used against them when they get older. Here there are... [...]
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 [...]
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 [...]
We've all heard the saying, "You never get a second chance to make a first impression." And yet, one of the things that I have noticed lately is that kids don't seem to know as many of the social graces that I learned when I was a kid. I wanted to mention just a few [...]
A few weeks ago I got a call from Inc.com’s Tamara Schweitzer, one of the online magazines staff writers on the subject of “How to Recession-Proof Your Kids”. There were several great contributions to this article, including yours truly. It's worth your time to check it out), and this is especially true if you have [...]
Our children are going to have to 'do money' differently when they get older. The economy has been shifting for many years now, moving from employee driven to entrepreneur driven. Our Camp Millionaire program helps kids learn to invest in the Three Pillars of Wealth and building businesses is one of those pillars. Changing the [...]
What exactly IS the value of education? Well, the answer is a definite, "It depends..." It depends on what you do with the information. It depends on whether what you learned is relative to what you're doing. It depends on if you set an intention to learn the information for a specific purpose. It depends [...]