Money-Smart Mondaywith John Lanza Hello, friends, Welcome to this week’s Money-Smart Monday missives. Age is your assetThe irrepressible Jon Acuff is featured in this multi-faceted gem of a clip on our YouTube channel. And while Jon is talking about young folks leveraging their age to find potential mentors and broader business community support, his short pairs nicely with the following timeless money insight. (The bolded emphasis below is mine.)
“His skill is investing, but his secret is time. That’s how compounding works.”
—Morgan Housel on Warren Buffett in The Psychology of Money
Time is powerful, and it’s something our kids have in spades. We can urge them to utilize it. Summer reading, Joe the Monkey styleWhen our kids were younger, we took advantage of the Los Angeles Public Library’s summer reading program. This season is a great time for children to discover a reading habit, so I want to remind you that my “Share & Save & Spend Smart” series of picture books is available on Amazon. Reading is fun and rewarding, but reading plus money smarts is like peanut butter and jelly. Perfect complements. If you want to go a step further, we offer downloadable teaching guides for all three books. Whether you’re a parent looking to enhance your child’s summer reading experiences or a professional seeking enriching materials for your seasonal programming, we’re here to help. The generosity paradoxOnce described by Tim Ferriss as the real-life “most interesting man in the world,” author, futurist and font of wisdom Kevin Kelly joined me on The Art of Allowance Podcast to share his thoughts about money. In this short video from our YouTube channel, Kevin explains why he thinks of giving as selfish. And that’s a good thing! For more from Kevin, listen to our full conversation. And you might pair Kevin’s insight with an entire chapter of the excellent book Happy Money: The Science of Smarter Spending by Elizabeth Dunn and Michael Norton. Chapter 5 is devoted to the idea that giving to others is one of the surest ways to use money as a tool that can actually bring you happiness. Want to go even deeper? Try my summary and selected quotes from Happy Money. You may also enjoy Elizabeth’s TED Talk. A quote I’m pondering“The world seems to be accustomed to delaying gratification less and less, which means the rewards of delaying gratification grow more and more.”
—James Clear, author of Atomic Habits
More ideas I found interesting➡️ Tune in to this podcast series about using AI to replicate yourself. (It’s both funny and disturbing.) As always, enjoy the journey! John,
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