Education & Financial Planning for Kids & Teens

Re: Education & Financial Planning for Kids & Teens

Postby winston » Wed Mar 25, 2015 7:26 pm

How to Teach Your Kids About Money

Steve Schaffer, CEO of the coupon website Offers.com, created a unique allowance system to help teach his three children, ages 10, 12 and 14, about money.

He and his wife dole out $5 plus 50 cents per year old each child is. (For example, the 10-year-old receives $10.) Then, each child has a quarter of his or her money deducted for “family taxes,” and they have to put 15 percent into a savings account. An additional 10 percent goes toward giving. Each kid can then decide how to spend the remaining money.

“It’s a mechanism for teaching them the value of the dollar so they can decide if they want something or not,” Schaffer says.

Each child can also use the money to purchase lunch at school, although his children always opt to bring food from home instead.

“I can’t remember the last time a child bought lunch,” he says. He estimates that in addition to teaching his kids about money, not paying for lunch will save the family about $5,000 per child through graduation.

Source: MSN Money
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Re: Education & Financial Planning for Kids & Teens

Postby winston » Mon Apr 27, 2015 3:02 am

The Greatest Financial Resource

by Marc Lichtenfeld

Source: The Oxford Club

http://www.investmentu.com/article/deta ... T0z4NKqqko
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Education & Financial Planning for Kids & Teens

Postby winston » Fri Aug 21, 2015 11:42 am

Young people: read this before you f**k up your lives

By Simon Black

Source: Sovereign Man

http://www.thetradingreport.com/2015/08 ... our-lives/
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Re: Education & Financial Planning for Kids & Teens

Postby winston » Tue Jan 12, 2016 5:00 pm

5 money lessons every parent should teach their kids

by Arielle O’Shea

Source: NerdWallet

http://www.usatoday.com/story/money/per ... /77756120/
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Re: Education & Financial Planning for Kids & Teens

Postby winston » Thu Jul 14, 2016 10:29 pm

6 ways to teach your kids the most important lessons about money

by Jeanie Ahn

Source: Yahoo Finance

http://finance.yahoo.com/news/6-ways-to ... 07942.html
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Re: Education & Financial Planning for Kids & Teens

Postby winston » Mon Apr 24, 2017 8:42 pm

How to Get Your Kids Started in Investing

By Samuel Taube

Source: Investment U

http://dailytradealert.com/2017/04/24/h ... investing/
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Re: Education & Financial Planning for Kids & Teens

Postby behappyalways » Sun Apr 26, 2020 11:18 am

Explained | The Stock Market | FULL EPISODE | Netflix
https://m.youtube.com/watch?v=ZCFkWDdmXG8
血要热 头脑要冷 骨头要硬
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Re: Education & Financial Planning for Kids & Teens

Postby investar » Mon Apr 27, 2020 12:07 am

Thanks for this link, Be Happy Always, this is golden stuff for 12y olds to start understanding the stock market!
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Re: Education & Financial Planning for Kids & Teens

Postby winston » Thu May 25, 2023 9:09 pm

When (and How) to Teach Your Kids About Money

by Marc Lichtenfeld

Source: Wealthy Retirement

https://dailytradealert.com/2023/05/25/ ... t-money-2/
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