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Kids and Money

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Carl Icahn on Hiring Your Kids

Thursday, April 4th, 2013

Here’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, 2013

My 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, 2012

Good 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 […]

This Man’s Message to Graduates: You’re Not Special

Friday, June 8th, 2012

Most excellent: A snippet from his address (bold mine): …if everyone is special, then no one is. If everyone gets a trophy, trophies become meaningless. In our unspoken but not so subtle Darwinian competition with one another-which springs, I think, from our fear of our own insignificance, a subset of our dread of mortality – […]

Recommending Reading for Young Entrepreneurs (from the WSJ)

Wednesday, May 23rd, 2012

Looking for something interesting and beneficial for your kids to read this summer? Check out this list I have summarized from this WSJ article in Monday’s paper: BOOKS • “Teen Business Blasts Off!” by Andrea Davis Pinkney and Amy Rosen – After researching, I found the book can be purchased for $5 here. • “The […]

Follow-Up to my Kids and Money Post

Wednesday, May 9th, 2012

I noticed on Twitter yesterday that my Kids and Money post received a mention from a kids money author and expert along with a “This is kind of scary” (or something along those lines) comment. I didn’t find the kids’ responses scary. I thought the results were age-based. The younger kids were farther off than […]

Kids and Money – Kids Answer Some Questions

Friday, May 4th, 2012

Several people responded to my request to have their kids answer some pretty basic financial questions. I had a lot of fun reading the emails. It’s amazing how much the kid’s age affects their answers. My boys are both in high school and I thought their responses were all reasonable. NOTE: If you would still […]

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