Kids and Money
« Previous EntriesA Quote From My Entrepreneurial Son
Monday, June 10th, 2013Parental brag on… From my second son (he’s 16-years old): “You know what feels good? Wen a kid from school asks if he can work for you.” He and his business partner have a lawn mowing and pressure washing business. Their goal is to make $20,000 this summer. Seems pretty lofty but I’m proud of [...]
It’s Okay to Let Your Kids Experience Hardships
Friday, May 10th, 2013When our oldest reached driving age, we handed down our 2002 Buick Rendezvous for him to drive. It’s not his car. It’s Mom and Dad’s car that he gets to drive until he gets his own car. No, it’s not a kid’s dream car but beggars can’t be choosers. It’s big, safe, and perfect for [...]
Spoiled Kids!
Friday, May 10th, 2013The Mansion section of today’s WSJ featured Luxury Kids’ Rooms. A DJ mixing station in the sleepover room. Secret passageways inspired by “Harry Potter.” A fully tricked-out videogame arcade. You’ve entered the teen wing of the house. As parents look for creative ways to keep older kids hanging out at home, some are turning to [...]
A Conversation Between My Sons
Saturday, April 13th, 2013My boys were eating dinner one night and talking about some guy who sells snacks at the school. Brantley is in 11th grade and Peyton is in 10th. Peyton: “He sells a lot of snacks.” Brantley: “Yeah, but he can’t be making much on them. He sells them for about the same price as he [...]
Carl Icahn on Hiring Your Kids
Thursday, April 4th, 2013Here’s some advice from Carl Icahn about bringing your kids into the family business that I read in the latest issue of Forbes (NOTE: there doesn’t appear to be an actual link to the Icahn piece so I copied it here): Start early. Over the years Brett and I would take long walks every weekend. [...]
Times are Changing
Friday, January 25th, 2013My oldest son started working at a local grocery store chain last Spring. He’s actually working for the same store manager I worked with when I was worked in the grocery business in the mid 90s. Anyway, with his first job, came his first income tax filing. I have to say it was kind of [...]
Start Planning for Retirement as Soon as you Start Working
Tuesday, December 4th, 2012Good advice from the Wall Street Journal: Your First Job? Think About Retirement. I know a lot of younger people will say, “Yeah, right…” but time is a precious commodity and the one huge advantage young poeple have when it comes to saving for retirement is time. Read: The Cost of Waiting One Year, which [...]
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