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Kids and Money

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Rich vs. Poor Habits

Friday, July 17th, 2015

I found these stats from Tom Corley comparing the habits of rich people to poor people interesting: 72% of the wealthy know their credit score vs. 5% of the poor 6% of the wealthy play the lottery vs. 77% of the poor 80% of the wealthy are focused on at least one goal vs. 12% […]

What Bradley Owed

Thursday, June 18th, 2015

I read this story earlier this morning. There was once a boy named Bradley. When he was about eight years old, he fell into the habit of thinking of everything in terms of money. He wanted to know the price of everything he saw, and if it didn’t cost a great deal, it did not […]

The Grass Is Rarely Greener at a Different Car Insurance Company

Friday, August 2nd, 2013

I see ads all the time for that say stuff like: “Drivers who switched from State Farm to Allstate saved an average of $362 a year.” This reminds me of the time when I called my insurance agent to ask a question about our policy and she talked me into a different plan with the […]

My Dad’s Jeep

Monday, July 8th, 2013

As some of you know, my Dad passed away over five years ago. He left behind a small knife collection, some collector’s coins, finance books, and a 1994 Jeep Wrangler. The Jeep had been basically sitting in their garage for the last five years. It was rarely driven more than a couple of days a […]

A Quote From My Entrepreneurial Son

Monday, June 10th, 2013

Parental 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, 2013

When 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, 2013

The 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 […]

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