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 [...]
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 [...]
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 [...]
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 [...]
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 [...]