Some people dream of worthy accomplishments while others stay awake and do them.
Path to Success
Take the honorable path and you cannot go wrong.
How to Live Life
Inch by inch life’s a cinch. Yard by yard life is hard.
Accomplishments
Every truly great accomplishment is at first impossible.
Your Success
Success is to believe in yourself.
Leading
Leading by example is not the main thing in influencing others. It is the only thing.
Money & Kids #10: Setting Financial Goals
We all have financial goals in life, however, some do not know how to achieve them. Teach your kids about financial goals and financial plans. By making short-term and long-term financial goals, plans can then be created to reach those goals. For example, a new video game system may be on the wish list.
Questions to ask are:
How much will it cost?
How much can we save at a time?
How many months do we have to save for it?
Teach your kids how setting financial goals is a skill they will be using throughout their lives. They will most likely be doing this for the purchase of a car, vacation, holiday presents, home purchase, and retirement.
Money & Kids #9: Credit Building
It is important to teach children about how to maintain good credit.
Money & Kids #8: Compounding Interest
Compounding interest is money that is added to your bank account over time. It can also be money that is added to your credit card bill or loan so you pay a lot more than you originally borrowed. Teach your kids about how saving money today can grow into something much more over time due to compounding. Also teach them how debts can grow into something larger over time due to compounding. Show them the math behind this concept. If you need help teaching them the math of compounding interest, contact Y3K Tutor In Your Home today.
Money & Kids #7: Budgeting
Help your teen to create a mock budget using a possible future income. Go over with them all of the expenses that an adult faces (rent/mortgage, credit card bills, taxes, health insurance, auto insurance, auto repairs, entertainment expenses, gasoline, etc.). Let them get a feel for how much one can afford and how to budget so you can have money left over. Share with them the strategies you use in order to manage your money.
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 22
- Next Page »