An article I wrote last year, The Absolute Best Way to Teach Kids About Money, centered on an idea I read about in Mary Hunt’s excellent book, Raising Financially Confident Kids, in which you give kids responsibility for managing financial categories you used to manage for them (like clothing). In this follow up, I want to […]
Archive | Teaching Kids
Profitable Ideas: The First Bear Market is the Toughest, The Gift of Mac & Cheese, and More
Weekly roundup of recommended personal finance articles from around the web. If this is your first bear market, there’s no need to panic (Bloomberg). For newer investors, this year’s market performance may be a bit jarring. Here’s some helpful perspective. The gift of mac & cheese (Compass). I love this story. I think you will, […]
Profitable Ideas: What’s Missing From Too Many Estate Plans, Mental Toughness Training for Kids, and More
Weekly roundup of recommended personal finance articles from around the web. How to prepare your digital life for your death (PC Magazine). Access to online accounts needs to be part of every estate plan. What happens to travel miles and hotel points when you die? (Clark Howard). Another example of an estate planning issue most […]
Profitable Ideas: Rewriting Your Money Script, Becoming a Better Investor, and More
Weekly roundup of recommended personal finance articles from around the web. How to figure out your “money script” — and change the way you handle your finances (Money Ning). We all have conversations about money going on in our minds. Change the conversation and you could change your experience with money. The difference between busy and […]
Profitable Ideas: The Inflation Hedge No One’s Talking About, “Unspoiling” Your Young Kids, and More
Weekly roundup of recommended personal finance articles from around the web. The world’s best inflation hedge (Young Money). No brokerage account required. How you can take a digital detox this summer (Becoming Minimalist). This could be a summer to remember. Let’s not waste it scrolling mindlessly on social media. What to say when a recruiter […]
Profitable Ideas: College Loses Its Luster, Quitting the Comparison Game, and More
Weekly roundup of recommended personal finance articles from around the web. College degrees lose luster as inflation surges and student debt balloons (Bloomberg). I wonder if part of the problem is that too many entering freshmen don’t know what they want to study, which leads to delayed graduation, which leads to more cost. When […]
Profitable Ideas: Helping Our Kids “Catch” Contentment, Inflation is Coming for Our Tax Bills, and More
Weekly roundup of recommended personal finance articles from around the web. Six practical ways to model contentment for your kids today (Becoming Minimalist). Great ideas for helping our kids “catch” contentment from us. Teenagers should be working this summer (Daily Citizen). Getting our young people working will benefit them in countless good ways. And this […]
Profitable Ideas: Tough Lessons for Newer Investors, It Pays to Drive Safely, and More
Weekly roundup of recommended personal finance articles from around the web. Amateur investors rode the bull up. Now the bear looms (NY Times). After a long-running bull market that left many investors feeling like they could do no wrong, some are facing their first real test. See also, Maintaining perspective (SMI). Why everyone’s bearish (The […]
Profitable Ideas: Whether Fortune Favors the Brave, Leaving Money to the Kids, and More
Weekly roundup of recommended personal finance articles from around the web. Here’s how much money you would have lost if you bought crypto during Matt Damon’s “fortune favors the brave” commercial (MarketWatch). Beware celebs pitching investment ideas. See also, Coinbase loses half its value in a week as crypto slumps (USA TODAY). How to teach […]
Teach Your Kids About Money By Embracing These Three Roles
One of the best gifts we can give our children is to teach them how to use money wisely. In order to do that, it’s helpful to embrace three parenting roles. The Gatekeeper There are several parenting books that have helped me in my journey of being a dad, including one I’ve never even read. […]