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The Zen of Teaching Your Teen Money Skills: Finding Inner Peace While Your Teen Learns to Think about and Manage Money Well


Teaching your teen great money skills isn’t hard?  It isn’t a lot of work?  It doesn’t require expertise in money management? No…it doesn’t.  What’s really hard is: Pretending, hoping, wishing, and dreaming that your teen will be fine without money management skills. Pushing important parenting tasks under the rug.  This takes a lot of energy. […]

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1/6/12 – This Week’s Roundup


Happy Friday!  Here are some of my favorite reads from the week.  I encourage you to take a few minutes out of your busy day to take a peek and get your thoughts churning! 5 Unusual Ways to Raise Successful Children.  This is a guest post from Natalie Peace of PeaceAndProfit.com. A brilliant post that […]

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Can We Really Trust Schools to Teach Our Teens All They Need to Know about Money Management?


Should teens learn about money in school?  Of course!  The whole point of schools is to prepare our children to become productive and active citizens who make informed choices. Imagine a society that produces generation after generation of adults that spend more than they earn, that has little to no financial education, and that looks […]

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Top 10 Tips for Effective Financial Parenting


This week we are featuring family wealth/financial parenting experts Jayne Pearl and Richard Morris.  Together, they help families navigate through the dysfunction that comes with having wealth.  Part of this process entails teaching families how to analyze and understand their money values, something every family should do! They offer the following 10 Tips for Effective […]

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Smart Financial Management Starts with You


Take a look at this interesting blog post from FiscalGeek.  It speaks to the fact that you can’t assume that your children will learn about financial responsibility in school or elsewhere.  The article also calls out some of the common influences that make it difficult for teens to learn about smart money management. © WealthQuest […]

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Teen money habits are influenced by friends’ money habits


Teens learn money habits and attitudes from each other.  Talk to your teens about how their friends are with money.  What do they think about what they see?  How do they feel about it?  Is it easy to be around friends who spend without accountability or consideration?  What do they think those friends are going […]

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Doing it Alone


Are you the only one teaching your teen about money?  Often parents think that it’s their role to do so and they are taking care of it.  They are teaching the teens in their lives what they need to know.   The problem is that this is a dead end road. Wealthy people are constantly learning […]

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For teens, wealth building skills are life building skills.


Consider the habits and attitudes Sean Covey, author of The 7 Habits of Highly Effective Teens, measures to determine the efficacy of his programs: I feel in control of my life. I care about the well-being of others. I exercise my mind by reading, learning, etc. People say I am a good listener. I set […]

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Is Money in Your Teen’s “Circle of No Control”?


Sean Covey, in his book The 7 Habits of Highly Effective Teens, advises readers to identify those aspects of life that they can control and those that they can’t control.  When teens are learning how money works and how to manage their money effectively, they move this area of life out of their “Circle of […]

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Which path will they take?


“Money management?  What a pain!  Why should I bother?” When my students ask me this, I point out that being BROKE is a pain, too!  So, you can have the pain of managing your money (and have the life you’ll get from that—security, peace of mind, opportunity) OR you can have the pain of being […]