Episode 42: Talking to Your Kids About Money
Parents are powerful influences on how their children spend, save, and invest, so it’s critical to teach your kids about money early and often. Research shows that kids learn their money habits and values from their parents, yet 69 percent of parents are reluctant to discuss money with their children. Kids are always watching, however, and parents are teaching by example – whether they realize it or not. Since parents are such powerful influencers over their children, it is critical to discuss money matters so that kids are learning from a combination of talking about money and watching their […]
Why You Need a Family Mission Statement
Companies often use mission statements to describe their purpose, conveying why they do what they do and what they believe, often in a single sentence. While a mission statement might sound like a formal concept reserved for use only in the business world, the principles behind developing this guiding philosophy apply to families, as well. This mission statement, which succinctly defines your family’s values and goals, will be the standard against which all of your decisions – financial or otherwise – are measured. Each of us makes hundreds of decisions every day. From buying that artisanal coffee in the […]
