Ever thought about what an asset truly is? How about explaining it to kids? We tackle this head on and have a great discussion around what assets are and what they are not. We cover detailed ground and hope the examples helps to connect the dots. Please share with others that are trying to be intentional about helping their families...
How can a piece of paper that’s not money have value? From the eyes of a kid it doesn’t make sense. In this fun video we take the time to explain what a check is, how they work and what’s important to know when you’re looking at one. This was a fun discussion and hopefully will help others in explaining...
Entrepreneur’s are dreamers, innovators and passionate people. It can be confusing for kids to understand what they are and in this video we walk through some of the foundational areas that makes someone an entrepreneur. We hope this helps explain this fun topic to others and hopefully inspires the next great entrepreneur to pursue their passion and make a HUGE...
Connecting the dots on what a loan is can be tricky when explaining it to a kid. We had a idea on how to make a fishing lure bring the concept to life. Please let us know what you think and we would love ideas on topics you would like help with in explaining personal finances to your kids.
Let’s teach our kids to WORK for their money and earn a commission. No allowances remember. Now that they’re earning money we need to teach them how to divide it in smart/intentional ways. Hear how FMG Financial Hope suggests teaching kids to take any money earned and apply basic principles that will build great financial stewards in the future.
Explaining debt to a kid takes a different approach. In this video we talk about what debt is, how budgeting can combat debt, how interest works and tips kids can take to avoid it in the future. Please comment and let us know what you think. Also, if there are other topics of interest please let us know and we’ll...
It’s not about allowances! It’s about teaching them how to earn on their own. Use the word commission and see the light bulbs start to go off. This is a fun conversation between a loving dad and his amazing 10 year old daughter. Let us know what other topics around finances for kids you would like to see and we’ll...
I recently got back from a family vacation to the beach and had an experience that is worth exploring. My youngest daughter was hesitant to take her spending money that she’s been working on building up for quite some time. Each week she and her sister work for a commission. We don’t give allowances because in life if you want...