Black Money Business Jobs : Teaching financial literacy to kids ...

Discussion in 'Black Money Business Jobs' started by Shikamaru, Apr 20, 2013.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Last edited: May 29, 2016
  2. MsInterpret

    MsInterpret Well-Known Member MEMBER

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    Thank you for this! I think this is very important information to instill into our children.
    I was taught at a young age about money. My mother would make up price tags and money (dollars and change) and we pretended I had a store. I would go around and make purchases of the things my mom tagged around the house.
    Even now, I teach my daughter about saving her money. I try to also teach her about wants and needs. As in, is this something that you need to spend your money on or want to spend your money on? And applying this thought to savings. And the importance on saving, as well as long-term and short-term savings.
    My mom, when she takes my daughter to the store teaches her about taxes.
    Her dad is a Financial Manager at a bank at also teaches her.
    I will bookmark this link.
     
  3. MsInterpret

    MsInterpret Well-Known Member MEMBER

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    What would you teach concerning "wealth management"? What would be some important guidelines to achieve this?
     
  4. Angela22

    Angela22 Well-Known Member MEMBER

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    Nice, Shikamaru!! Way to go, keeping the children on mind!! (and adults, lol)
     
  5. MsInterpret

    MsInterpret Well-Known Member MEMBER

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    You should put together a blog for teaching kids "wealth management"...or do you know of some resources that would already do this?
     
  6. MsInterpret

    MsInterpret Well-Known Member MEMBER

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    It's cool...I think I have an idea of what your suggesting. I just want my daughter to be smart with her money and future endeavors.
    Okay...not that it matters...but is he Japanese? :)
     
  7. MsInterpret

    MsInterpret Well-Known Member MEMBER

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    Okay, okay...he wrote Rich Dad , Poor Dad...okay....I'm familiar.
     
  8. MsInterpret

    MsInterpret Well-Known Member MEMBER

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    Thanks I really appreciate your enthusiasm and advice.

    Do you think you could post a thread on how to improve credit, especially for those who are not in credit card debit?
     
  9. MsInterpret

    MsInterpret Well-Known Member MEMBER

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    I agree!

    My issues are saving and ignoring bills.
     
  10. Adisa Hendrix

    Adisa Hendrix Well-Known Member MEMBER

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    Be careful ignoring bills completely. It could catch up with you later.

    When I have a bill I can't pay, I put down a little bit of money just to show good faith in my account.

    You can do this for about two months. After that, they are going to demand their money.

    If it gets out of control, you could get your utilities turned off, your car repossessed or even evicted.

    I learned the hard way...
     
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