For anyone to do anything, they usually have to have a compelling reason to do so. Regardless of age, doing something 'just because' doesn't generally work too well. This is the exact reason why you must help children provide their own compelling reason for starting a business. Let's take, for example, two situations for have [...]
"But mommy...just go to the ATM and get some money." Sound familiar? We might laugh, but the truth is...kids really do think that's where money comes from because that's where they see us get it from. But what do you say when you're out of money temporarily and you CAN'T go get money from the [...]
If you're using the Ultimate Allowance System, or any derivation there of, you will have figured out what you normally spend on your children for the holidays (all of them) and added it into their monthly allowance figures. Hopefully, you will have also encouraged them to figure out how to make a little of this [...]
If you've ever wondered what the other EXPERTS think about allowances, check out this free ebook from Amanda van der Gulick of TeachingChildrenAboutMoney. She's doing a great job helping me help parents empower their kids and she loved my book so much she put together this book of what the experts thought. Enjoy...
It's hard to disagree with the idea that in life we trade one thing for another. We trade our time and energy for money. We trade our time and energy for food, water, shelter, protection, and a whole lot more. In addition to trading 'things', we trade 'ways of being'. Adults trade being good employees, [...]
Since 2002, kids ages 10-17 have been coming to my Camp Millionaire programs in the summer in Santa Barbara and other cities around the US and even internationally. We teach and expose them to lots of great information related to money, income, starting businesses, managing their money with a system called The Money Jars and [...]
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... [...]
Teens can do several things to find their place in a world full of other teens looking to do the same thing. There are two basic avenues teens can take to begin making money for themselves: 1) they can get a J.O.B. or 2) they can CREATE their own job by providing a needed product [...]
You know that show, "Kids say the dardest things?" Well, I thought I'd do my own version but do it around money. So, last night I sat down with Jessica, my neighbor, who I have known since she was 1 year old (I can't believe she's 12 now!), and we had a little chat about [...]
Are your kids asking lots of questions about what's happening in the world? Are they wondering why you are taking more care with the 'spending' part of your own financial equation. Here's a great short video that will explain visually, in very simple terms, what happened last year (or rather what culminated) to create the [...]
In order to get good at anything, most of us need to practice at it. Sometimes we need a LOT of practice. This applies to getting good at making, managing and multiplying money! Problem is, kids get practice with money but it's with the "Spending" part of the skills and not the "Saving" and "Investing" [...]
Want to Make a Difference This Summer? Mentor a Child Think back. Depending on your age, way back. Was there someone in your life that took you under their wing, taught you a think or two, made an impression on you that you'll never forget? That person was a mentor to you; in whatever area [...]