Have your teen set a financial freedom goal that sounds something like, “I will have $X by age X that will allow me to be completely financially free so I can have _________, be ______________, do _____________, and help _____________ without financial worries or constraints.” Teach your teen the habit of tracking his/her money. Use… Continue Reading
EVERY expert in success, wealth-building, and living well tells us to give away some portion of our money (if we can). Philanthropy, say the experts, is part of living a great life. It makes us feel great about ourselves, it allows us to experience our power as citizens in our communities and in the world,… Continue Reading
√ Practice: Does your teen employ a system of money management that has their money lined up with their current needs, wants, future goals, and commitment to the greater good of humanity? √ Talk: Does your teen talk about money with people who can teach them about it? Do you talk about money at the… Continue Reading
Today’s post features parenting coach Melissa Pazen. As a coach who often works with young families, she takes a thoughtful approach when considering the important lessons that parents must instill into their impressionable teens about money and money management. Here is Melissa’s list for parents to consider: 1. Respect for resources and belongings: Take care… Continue Reading
Today’s post features advice from Leslie Dashew, author and family business consultant. When asked of the top 10 lessons that parents must instill in their teens in order to ensure financial responsibility, this is what Leslie offers: “As an advisor to families who have businesses or share assets, I have often been called upon to… Continue Reading