Are We Chasing Carrots?: Recognizing Our Mimetic Desires
We’re unkind to our future selves because we often aim for extrinsically motivated goals. In other words, we’re chasing carrots only to discover we don’t like them.
The Raising Money-Smart Kids blog
No Single Point of Failure: Optimizing the Three Major Financial Socialization Systems
Lion Air Flight 610 took off on a calm October morning in Indonesia. Neither the captain nor the crew knew the plane was carrying a faulty outside sensor. Data from …
Help Your Kids Avoid the “Envelope Surprise”
When Sarah opened her envelope, she read the following: 1-7-5-0-0-0 Six numbers later, her life had changed. These were not winning lottery numbers. Far from it. This was Sarah’s debt …
You Don’t Need a Budget: How Paying Yourself First and Reviewing Your Spending Might Be Better Approaches
Financial experts often tell us we need to budget, yet many of us don’t. Is there room for a different approach for us and for our kids?
We’re All Born Stupid Investors
We all have many biases, especially when it comes to investing. So whether we’re dabbling or diving into the stock market, we must learn how these biases cloud our thinking and, through personal experience, discover how active we are willing to be with our investments.
Raising Money-Smart Kids: We Want to See the Forest
We are on a journey to money empowerment with our kids. Every journey has its challenges, and we often wander on and off the path.
Setting SMART Goals with Your Kids
Setting monetary goals is a great way to introduce children to the important life skill of goal setting. Learn how to make these goals SMART on the journey to money empowerment.
How Can We Arm Our Kids for Battle in the Marketing Arena?
We need to arm our kids to survive in the marketing arena. Our work as parents begins early because advertisers target preschoolers, and “kids can’t distinguish between marketing fact and …
In “The Age of Self-Sufficiency,” Having Money Smarts Is a Survival Skill
With passive financial security going or gone coupled with the unethical behavior of some financial institutions, we parents must act.
Mindset Matters: Think Wealth and Not Income
I loved my big bin of mismatched LEGO blocks when I was a kid. I’d look into it and see possibilities. Then I’d pick out pieces and start building. One …