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Kids and Money

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A Conversation Between My Sons

Saturday, April 13th, 2013

My 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, 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 […]

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