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 [...]
Last week we were mentioned (at the end) in a news piece on financial literacy camps. A related article was put on line today on abc News. Article is below and you can also click below to read the whole piece and watch the little video. FFinance Camps Create Young CEOs: New Summer Camps: Learn [...]
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 [...]
Just a thought... What if our kids learned about math in school from their financial literacy classes? What if our kids learned about writing by preparing amazing business plans that could actually be funded and turned into real businesses to set the kids on incredible journeys of self-reliance, doing great and providing for others? What [...]
“The best defense is a good offense.” ~ Dan Gable, Olympic gold medalist and most successful coach in history. Imagine trying to teach your child to be a major league pitcher but never giving him a ball to throw, never putting him on the field, never giving him a glove and, oh yeah, never teaching [...]
The month of July for most American's conjures up images of loud, flashy fireworks, friendly back yard BBQs and the thrilling sound of our national anthem, "Our country 'tis of these, sweet land of liberty, of thee I sing." America was built on a solid foundation of freedom for all, with the additional caveat that [...]
Current Allowance Theories After doing quite a lot of research and talking to many parents over the past 6 years, I’ve noticed the following allowance approaches: The “No Allowance At All” Camp In my experience, parents in this camp usually didn’t get an allowance when they were young. A common opinion is that if it [...]