From the category archives:

Money and Children

Post image for What Can You Learn from Kids?

I love to watch children play!  They are so willing to take chances and push boundaries.  It is fascinating to watch how they seem to discover a toy or something for the first time.  Have you ever watched a child interact with a dog?  They will pet the dog and laugh.  Then it goes further until the dog signals he/she has had enough.  Children are naturally curious! Read More…

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Post image for Even More Financial Skills for Teens

April is National Financial Literacy Month; I am continuing my series on financial skills for teens.  As a reminder, Financial Literacy is making informed judgments and effective decisions using money.   Buying a Home requires some thoughtful planning and know-how.  Home buying includes a mortgage and financing.  Do I expect teenagers to go out buy a home?  Of course not!  What is the first thing you need to do before buying a home?  Determine your needs. Read More…

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Post image for More Financial Skills for Teens

April is National Financial Literacy Month; I am continuing my series on financial skills for teens.  As a reminder, Financial Literacy is making informed judgments and effective decisions using money.  Decisions about spending and saving will affect your entire life!  Learning good habits regarding spending, avoiding debt and savings is very important for a good life. Read More…

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Post image for Financial Skills for Teens

Since this is National Financial Literacy Month, I thought I would start with a definition.  “Financial Literacy is the ability to make informed judgments and effective decisions regarding the use and management of money”.  Why is it important and when should you learn it? Read More…

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Post image for Bringing Up Financially Smart Children

Many people have written about what to teach children about money.  This is different because I developed these techniques and used them with my children.  As parents, we want our children to be healthy, educated and happy.  Do you want your children to face another financial crisis?  More realistically, do you want your children to face a personal financial crisis?  Of course not! Read More…

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Post image for How Do You Choose the Right Career?

I know what you want!  It is the career that pays the most, where you have fun and don’t work too hard.  Are there careers like that?  If you ask people who like what they are doing, their answer will be yes!  What are those careers?  It could be a writer, yacht sales person, or a doctor. Of course, some (well, most) professions require some form of higher education. However, with the modern world we live in, one can go as far as to obtain an MBA, or even a phd, never having to leave the house. So, how do you figure out which career is right for you?

Sales people generally love their job.  Why?  They love the fact that they are paid based on performance.  They like the freedom of producing results rather than just putting in time.  Many sales people do not work in an office which is just fine with them.  They like the freedom of the career.  Would that career be right for everyone?  No!  Many people would hate the pressure or stress of meeting sales targets, the constant rejection, and find the self determination to succeed.

What is important in determining the right career for you?  Let’s start with what interests you.  As children, we try a lot of things.  We try sports, games, reading, and many times we show interest in certain classes in school.  Many overlook all these interests when it comes time to figure out what interest them enough to make a career.  Children, no matter how old they are, express careers that they are exposed to in their childhood.  They say they want to become a Medical Doctor, Police Officer, Firefighter, or a teacher.  Did they really research this career and understand what is involved to perform this career?  No, of course not!  They are just giving an n answer to a question.

Is being interested in a particular career enough?  No!  You need skills.  If you want to become a Medical Doctor, you need to be good in science.  In order to get into a good medical school, you need to be really good in the sciences.  To clarify, do you want a doctor who only was a C student in science?  I know I don’t!  You need skills and talent to be good in a particular career.  If you are good at what you do, you will be successful and will make a good living.

Let’s think about this so far, you must be interested in the career, have the talent and skills to be successful.  Is that it?  Not exactly, you need a good work ethic.  You know those values like integrity, honesty, teamwork, going to work every day and on time.  Is that it?  No, you must perform you career to the best of your ability.  Last, you need to get along with your boss and colleagues.  In other words, your personality needs to fit with the group, department or company.  You should be positive and upbeat and adaptable in many different situations.

Are you prepared for a career or did you just take a job?  If you do not like your career, you probably did not choose it!  It is not too late to change, but do it right.  Spend the time to find out enough about the career you have interest, skills, talent, personality, and values to be successful.  The riches follow!  What are you doing?

Photo by:  o5com

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Post image for Why Teens Fail Financial Literacy Tests?

Teens admit to not knowing much about basic money skills, such as credit, investing and budgets, but what do they do?  They are strongly influenced by their parents and friends.  Is this positive?  How do they spend their money?  Do they save?  Do they learn how to handle money responsibly?  Where do I start? Read More…

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Post image for How to Teach your Children about Money?

My parents never taught me about money!  My parents were too busy making money to teach me much of anything.  I spent my time studying piano, practicing piano, and playing with my friends.  They were children of successful neighbors.  Maybe, I learned from them.  I do not think so!  Saturdays, I spent the day with my Mother at her retail store.  Read More…

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