"Help your kids understand by offering your child an option. Pamela Yellen, financial expert and author of "The Bank on Yourself Revolution," recommends teaching tweens and teens the benefits of delayed gratification. Parent magazine highlights the value in giving children clear jars, rather than piggy banks, to bank money into "saving, spending and giving" to build pride, motivation and gratification as they see the money build up in each jar.įinancial adviser and author of the book "Is Your Child a Money Master or Money Monster" Sunny Lee stresses the benefits of giving children commissions for chores accomplished, rather than allowances that don't require an effort or work ethic, to differentiate value and educate kids about the nuances in earning money (i.e.: taking out the trash might be more lucrative than cleaning your room). 133Ībout the Author.Where can parents start when teaching young ones about money? Ditch the piggy banks. 103Ĭhapter Seven Habit #7-Give Back and Share the Love.
51Ĭhapter Five Habit #5-Learn Personal Finance By Playing.77Ĭhapter Six Habit #6-Go Experience the Real World. 31Ĭhapter Four Habit #4-Set High Goals Through Expectations. 15Ĭhapter Three Habit #3-Create Reminders, Routines, and Rewards. What Are Money Masters and Money Monsters?.1Ĭhapter One Habit #1-Develop a Money Master Mindset.5Ĭhapter Two Habit #2-Start Saving Early!. Which one do you want your children to be? Money Masters and Money MonstersTM are created through what they’re taught. If you don’t teach your children about these topics, someone else will.and you may not like the outcome. So many wrong messages about money and success are influencing our children’s young minds.
And it worked!Ī war is being waged against this new generation. The author Sunny Lee knows the power of rewards, and shows parents how to use that power to encourage their children to thrive! When her twin sons, Jason and Matthew, were born, Sunny developed a successfully proven system that taught them where money comes from, how to save it, earn interest and share with others, what hidden costs are involved in purchases, and how saving helps us to reach our goals.
Save Yourself And Your Children From the Evil Money Monsters! You are in the perfect place, at the perfect time, to teach your children the tools that will make them masters not only of their own money, but also of their lives. Teaching our children to have mastery over their money is critical to their future success.
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