If you have children one thing you’ve probably started to think about is how you’re going to be able to pay for their college education. Here are some options.
5 Money Mistakes College Students Make
For many college students, the freedoms associated with living away from Mom and Dad can be pretty exciting. However, for students who have never to deal with money without adult supervision, college can end up being a series of mistakes on the path the financial freedom and maturity. Here are five of the most common […]
Where Did You Get Your Money Smarts?
A recent CNN story reported that 42% of people learned their financial smarts from their parents. That means over half of those surveyed felt they received the majority of their financial education from outside of their home. If people aren’t learning from their parents, it begs the question: Where are people learning about money? It’s […]
Use The Web To Teach Teenagers The Importance Of Retirement Savings
One way for your children to avoid financial hard times when they get older is for them to learn about saving and investing strategies when they’re teenagers. Websites are more likely to hold their attention than a chat on the couch. Let’s take a look at a couple of informative websites that can help you […]
What Is An Economic Bubble Anyway?
It seems nearly every financial publication released today has the term “bubble” in it somewhere. Many of us know it’s a bad thing, but what does it really mean and how do they happen? Do they truly have an effect on the average consumer? Hopefully we can clear up the confusion of what an economic […]
Higher Education Can Have A Negative Effect On Your Level Of Wealth
We’re all used to hearing that if we want to get ahead in life, you need to get a college education. Today I want to talk about an idea that is rarely discussed. The idea that education can negatively affect your bottom line! Education And Wealth: Millionaires Are Well Educated Now before we get too […]
Will You Pay For Your Kids To Go To College?
Paying for our kid’s college has been near the top of our personal finance goals list for a long time. There are a number of reasons I personally feel strongly about this goal: I know what it’s like to have school loans (both my wife and I had them). I have a Biblical perspective on […]
Money Lessons I Taught My 5 Year Old
My son just turned 5 years old in July. He is a tall for his age, loves soccer and can’t wait for September to start school. While he is growing up (he doesn’t want to be called a kid anymore but a boy!), I am doing my best to transmit to him as much financial […]
Don’t Let College Debt Crush Your Will To Learn
Nobody ever said that attending college was going to be easy. In fact, with the downward spiral of the recent economy putting the crunch on public services across the board, schools are placing more and more of the burden of paying for higher education on the shoulders of students. Even in cases like California, where […]
Should You Use A Roth IRA For College Savings?
Most of us have heard of 529 plans, but have you thought about using your Roth IRA for college funding? Here are the pros and cons.
How To Teach Young Children About Money
How soon is too soon to teach a kid about money? Since it is hard to predict when your kids might “get it” I think it would be wise to have a system in place for when the child does.
Training A Child About Money – Online
“Train a child in the way he should go, and when he is old he will not turn from it.”- Proverbs 22:6 While schools teach children how to read, write, and eventually make a living, very few teach them how to manage money. That’s one reason why today’s young people simply don’t know very much […]
Dave Ramsey’s Financial Peace University: Week 10 – From Fruition To Tuition
Last Week – Of Mice And Mutual Funds Last week was week 9 in Dave Ramsey’s “Financial Peace University“. Week 9 was all about mutual funds and other investment strategies. Some of the key points: The best way to invest is to be OUT OF DEBT first. Don’t put all your eggs in one basket […]
