Getting Started With Investing
For help determining how much you may need for your retirement, figuring out your optimal asset allocation, adopting the best process for choosing investments, and choosing among your IRA and 401(K) options, read The Essentials of Investing. For college funding, read How to Help Your Kids Pay for College.
Two recent surveys caught my eye, both pointing to the need and opportunity for parents to teach their kids about money. First up was a study conducted by Lifeway Research among 18 to 34-year-old Protestant churchgoers. It found that one-third do not believe tithing is “a biblical command that still applies today.” Next was a […]
Weekly list of curated personal finance articles from around the web. Raising generous kids through a lifestyle of generosity (National Christian Foundation). “We taught the whole give-some, save-some, spend-the-rest thing, but I think the more important lessons were in how we lived.” See also, The cheerful giver (The Good Sense Movement). 5 things my parents […]
Weekly list of curated personal finance articles from around the web. Your marriage needs a CFO and a COO (Wall Street Journal). Interesting idea, but when it comes to household finances, while one might take the lead in doing the work, both should be involved in the decisions — from how much to save to […]
Weekly list of curated personal finance articles from around the web. Ownership 101 — a wealth-building guide for young people (A Teachable Moment). This is a great mindset to cultivate in our kids. As I like to ask, “Why just buy what all the other kids buy when you could buy the companies that make […]
Weekly list of curated personal finance articles from around the web. Consumers have ‘5 times’ more clothes than they did in the 80s. This is the impact (CNN). I once heard that people typically wear only 20% of the clothing in their closet. I’m guessing that percentage is even lower now. See also, Fast fashion […]
If you pay close attention to investment news, it’ll either make you laugh or it’ll drive you crazy. Within the same hour, the popular MarketWatch investment news website often runs completely contradictory articles. One says the market is headed higher; the next says the market is about to tank. What’s a smart investor to do? […]
Weekly roundup of recommended personal finance articles from around the web. Those iPad screens are getting us to tip more—way more (Wall Street Journal). How “dark design” spurs us to give. Don’t store cash in Venmo and PayPal, US regulator warns (CNN). There are few, if any, protections for such money. More than half of […]
Weekly roundup of recommended personal finance articles from around the web. Remember when the things we bought were just things? (World). “Are we so attached to our past consumer purchases that we’ll flock to movies about them a couple of decades down the road?” Why tipping prompts are suddenly everywhere (Wall Street Journal). “I just […]
Over the last several years, I’ve been doing a lot of thinking about teaching kids how to invest. There is so much potential good that could come about by getting kids started with investing as soon as possible. In a practical sense, they have an abundance of one of the most important ingredients for compounding […]
If you’re going to help your kids learn about money, getting them started is one thing; keeping them going is another. Motivation can wane. That’s what seemed to be happening the other night with one of our kids when he opened up a conversation about investing. Don’t get me wrong. It’s not like the wheels […]
