Kids, Parents and Money

Affluent children have tremendous advantages, but often lack basic, life skills that many of their non-affluent peers acquire early in life. That’s because when resources are scarce, you’re forced to make tough choices, work harder, manage uncertainty, juggle, and deal with consequences. When life is more comfortable, there isn’t as...

Before Warren Buffett became the Oracle of Omaha, he delivered newspapers. Oprah Winfrey worked at a grocery store; Colin Powell, a furniture store. The author Stephen King worked as a janitor. George Clooney sold shoes. The lowly summer job is part of the biography of many successful people: proof they started...

Guest Blog provided by Richard Beaton & Linda Wagener of Marigold Associates. Over the past several weeks, we discussed the value of using deliberate training strategies such as allowances and budget management to teach children financial skills. In this segment we’re going to tackle the problem of how to form our...